Get to know the Persian Gulf Star Refinery, the largest gasoline producer in Iran
The Persian Gulf Star Refinery, Iran's largest gasoline producer and the world's largest gas condensate refinery, plays an unparalleled role in Iran's energy supply by producing more than 45 percent of the country's fuel portfolio.
Iran’s oil discount to China reaches its highest level in a year
As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.
Arak Machine Manufacturing Board Resigns Over Petrochemical Project
This resignation is related to a project called Hirsa Polymer Sahand Petrochemical, which has serious uncertainties about how it will be handed over to a second-hand contractor.
Breaking News
The first major overhaul period in Phase 11 of South Pars was successfully implemented
The executor of the South Pars Phase 11 development plan announced: For the first time since its operation, the major repairs of the offshore platform Phase 11 were successfully implemented ahead of schedule, with the cooperation of all project elements in the contracting and commissioning sectors.
Investing $87 billion in the country’s petrochemical industry
The investment manager of the National Petrochemical Industries Company said: So far, $87 billion has been invested in the petrochemical industry, of which $26.3 billion has been provided from foreign sources.
The need to accelerate the implementation of major repairs and the provision of items needed by the oil industry
The CEO of the National Southern Oilfields Company, while visiting key projects of the Gachsaran Oil and Gas Exploitation Company, emphasized the need to accelerate the implementation of major repairs and the provision of items needed by the oil industry.
Announcing Iran’s oil sales price in June
According to the National Iranian Oil Company, the price of Iranian light oil in June 2025 for Asian customers will be slightly higher than last month, nearly $2 above the base price (Oman/Dubai crude oil price).
Details of transferring fuel quota to a bank card
A pilot plan to transfer fuel quotas from fuel cards to bank cards was launched yesterday; the plan was initially implemented on a limited, pilot basis at one of the gas stations and is set to be gradually expanded after a thorough review of possible issues.
Judiciary Chief: We will take strict action if government officials are complicit in fuel smuggling
The head of the judiciary said: "It is absolutely unacceptable that the country is in dire need of fuel, and then it is announced that $15 billion or even more worth of gasoline and diesel are being smuggled into the country!"
Leading the country’s oil exploration by relying on modern technologies
The Deputy Minister of Petroleum, announcing that we are ahead of the plan and capacity set for exploration in the country, stated: "I hope that by utilizing new technologies, we will be able to reach new fields (although smaller) and provide the basis for the presence of the private sector in the form of IPC contracts or other contractual models."
Major repairs of refineries in the face of energy imbalance
The Director of Coordination and Supervision of Production at the National Iranian Gas Company announced the early start of major repairs to the country's refineries, saying the operation will be completed by October. This issue has always been associated with challenges regarding the supply of electricity to power plants due to energy imbalances and the refineries' need for gas.
Even with the shutdown of industries, domestic gas is running low!
An energy expert warned about a sharp decline in gas production in the country, emphasizing that without immediate investment of up to $70 billion in gas fields, Iran's gas production will drop to 500 million cubic meters per day within 3 to 5 years, while domestic consumption in the winter will reach 650 to 700 million cubic meters.
Kermanshah Petrochemical: From gas shortage to production surge; urea and ammonia hit record highs
Kermanshah Petrochemical started 2025 with a significant jump in production; the more than doubling of ammonia and urea production in the first two months of this year compared to the same period last year has put this complex on the path to establishing its position in the methane value chain.
