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.
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Iran will transform from an exporter to an importer of petrochemical products within the next three years
A petrochemical expert warns that the country's excessive focus on the limited production of certain products such as methanol and urea is the Achilles' heel of the petrochemical industry, and says that if balanced development is not carried out in this area to produce MTO units and the like, within the next few years Iran will not only not be able to export petrochemical and chemical products, but will also become an importer.
Power plant reserves are 80% higher this year than last year
Power plant fuel reserves were at their lowest levels, but over the course of 6 months we witnessed record-breaking production, transportation, and distribution of products.
South Pars project pending action by implementing companies to secure financial facilities
The Deputy Director of the National Development Fund announced that the companies implementing the South Pars Gas Field Pressure Boosting Project have not yet applied for financial facilities through the operating bank, despite our readiness to provide financing.
Increasing gas cooperation between Iran and Turkmenistan
The Iranian Oil Minister and the Turkmenistan Foreign Minister emphasized the deepening of cooperation between the two countries in the fields of oil and gas and examined areas for expanding cooperation.
Sabalan Petrochemical Production Capacity Reduced Due to Gas and Oxygen Shortage
The CEO of Sabalan Petrochemical Company announced a reduction in the company's production capacity due to a shortage of oxygen, water, and gas.
Accelerating the development of Aban and Paydar Gharb oil fields by signing two new drilling contracts
In order to accelerate the development operations of the Paydar Gharb oil field, two important contracts were signed in the field of subsurface drilling with the aim of optimizing and facilitating implementation processes.
Will Chinese buyers of Iranian oil suffer losses if sanctions are lifted?
The possible lifting of US sanctions on Iranian oil exports could deal a severe blow to Chinese refineries that have thrived on refining discounted Iranian oil.
3 gas fields to be handed over to steel industries
The CEO of the National Oil Company, referring to the problems of industries in the field of gas cuts in some seasons of the year, said: "A measure was taken to make two or three gas fields available to steel companies so that these complexes can also participate in production."
Olefin petrochemicals suffer the fate of Iranian methanol producers
Experts warn that a decline in ethane production in the coming years could cripple the country's ethylene chain and the bitter tragedy of methanol producers could now be repeated for olefins; they see the way out as the construction of MTO units and an end to the sale of methanol as crude.
Court of Accounts collects 35 million dirhams in outstanding claims from a petrochemical company
Following the follow-up of the Court of Auditors, a claim of 35 million dirhams from a petrochemical company was collected.
