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
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."
The demands of the Ministry of Oil and the Central Bank from Babak Zanjani have not yet been received
An official rejected Babak Zanjani's claim that his debts had been settled and his indebtedness ended, saying: "Zanjani has only paid $15 million of the $1.8 billion debt to the Central Bank."
Carrying out major repairs at the mobile gas collection center
Major repairs to the Amak Gas Collection Center are being carried out as part of one of the most important environmental projects in the oil industry, with the aim of reducing flaring and optimizing the use of hydrocarbon resources. In addition to preventing the emission of pollutants, this project provides valuable feedstock for petrochemical and refining units and is an effective step on the path to sustainable development and environmental protection.
Crude oil sales and gasoline imports: Signs of Iran’s chronic economic illness
Hedayatullah Khademi, an energy expert, said: "We are a country that sells both crude oil and imports gasoline. Instead of trying to convert oil into more valuable products, we sell it raw and cheap. No matter how much oil China and the United States have, they buy several times more of it from abroad to convert it into a valuable commodity; but today we see that our country has been worn out in all areas of infrastructure and economy."
The End of the Middle East’s Monopoly on the Oil Market: Lessons from the 12-Day War between Iran and Israel
The short 12-day war between Iran and the Zionist regime, contrary to predictions, failed to disrupt the global oil market. This event showed that the Middle East is no longer the only determinant of global oil prices. In an interview with Hossein Mirafazli, an energy expert, we examined this major transformation and the future of the energy market. He talks about the stunning growth of renewable energies, especially solar, and the world's reduction in dependence on oil, and believes that these changes will transform not only the energy market, but also global political and geopolitical equations. Is the era of the Middle East's oil monopoly over?
