Bandar Imam becomes the giant of Iran’s petrochemical paper projects
Bandar Imam Petrochemical, the beating heart of the downstream chain of Iran's petrochemical industry, is currently facing a $1.4 billion project; a project that, in relation to the company's 8 trillion tomans profit, has raised serious questions about the economic logic, financing method, and the silence of Persian Gulf Holding.
harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies
The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.
A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil
Shamal Drilling Company, the exploratory drilling contractor in the Caspian Sea, announced an increase of 25% of the initial contract amount in some contract cases with the Caspian Oil Company.
Breaking News
New secret to increasing oil production revealed; Iran turns to injecting low-salt water
Energy expert Saeed Saviz has unveiled a new method for increasing oil recovery for the first time. He says that using low-salt water injection could offset the decline in production in Iran's oil fields and even increase production capacity in the long term. In addition to relying on indigenous knowledge, the method will also respond to concerns such as water crises and land subsidence by reducing pressure on freshwater resources.
Injecting $545 million from the National Development Fund to collect associated gases
The financing of $545 million of the credits required to implement the associated gas collection project in the southern Ilam region in the Dehloran region came from the National Development Fund.
Major repairs of South Pars Refinery 1 begin with the aim of sustaining production in winter
The manager of the first refinery of the South Pars Gas Complex announced the start of major repairs to the refinery with the technical and support teams fully prepared.
Arash Square cannot be saved through diplomacy alone
Energy expert Hedayatollah Khademi warned about the situation of the joint Arash oil field, saying that relying solely on diplomacy cannot protect Iran's interests, and that practical and technical measures in this field need to be initiated simultaneously with negotiations.
Some mini-refineries export gasoline to Afghanistan
For years, mini-refineries have denied any gasoline exports and have denied accusations of fuel smuggling; but now the CEO of Shazand Petrochemical Company is openly saying that some of these units export gasoline to Afghanistan, and their exit routes are through the Dogharoon and Milak borders.
Denial of connection between fire and Behran Oil Company
Officials at Behran Oil Company announced that the recent fire has no connection to the company. The HSE unit and the refinery firefighting team have also been deployed to the site with three fire extinguishers to carry out containment operations in the event of a possible spread.
Completion of drilling of the first development well in the Yadavaran field
The Deputy Managing Director of the National Iranian Drilling Company for Drilling Projects announced the completion of drilling operations and the completion of the first development well of the 6-well project in the Yadavaran oil field using the Fatah 92 drilling rig.
From billion-dollar investment to production halt; why did Gachsaran Petrochemical plant go bankrupt?
Gachsaran Petrochemical, a huge project with a billion-dollar investment that was supposed to produce one million tons of ethylene annually and feed four other petrochemical units, was halted and suffered losses after its early launch, despite the 13th government’s haste to complete it, due to lack of coordination in planning and lack of consumers. The petrochemical plant had drawn criticism from the National Petrochemical Industries Company, claiming that NPC was one of the factors that put Gachsaran in this situation. However, Saeed Baghbani, the director of production control at the Petrochemical Industries Company, denies these claims.
What impact does the government’s pricing of special refining products have on refineries?
Refining industry experts warn that government intervention in pricing special products threatens the future profitability of refineries. According to refining industry expert Mehdi Mohseni, experience has shown that mandated pricing not only suppresses production, but also erodes industries' profit margins and creates the basis for rents.
Increase in petrochemical industry capacity by 35 million tons with the implementation of 66 development projects
Announcing an increase of 35 million tons in the petrochemical industry capacity by implementing 66 development plans in the Seventh Development Plan, the Planning and Development Manager of the National Petrochemical Company said: "In addition to increasing production capacity, completing the value chain with the aim of reducing dependence on exports of basic products is targeted in this plan."
