Meet Hengam Petrochemical, Iran’s newest urea producer

Located in the heart of the South Pars energy region, Hengem Petrochemical has not only become one of the largest producers of ammonia and urea in the country, but also, with the completion of its new phases, is ready to play a more important role in Iran's food security and foreign exchange earnings.

The dark fleet of Iran, Russia and Venezuela has reached nearly 1,000 ships

Bloomberg reported in a new report that nearly 978 tankers are operating in the so-called “dark fleet,” a network that supports oil exports from Iran, Venezuela and Russia and accounts for about 19 percent of the global fleet. The data comes as a large tanker was seized near Venezuela, which was previously under U.S. sanctions for its involvement in transporting Iranian oil.

Getting to know Iran’s petrochemical companies; this is Kimia Pars Middle East

Kimia Pars Middle East Company, one of the important players in Iran's petrochemical industry, has achieved an influential position in recent years in the fields of foreign exchange earning, sustainable production, and development of global markets, relying on methanol production and 100% export of its products.

Breaking News

Oil Fluid Separation Unit Launched in South Azadegan

The CEO of Arvandan Oil and Gas Company announced the launch of an oil fluid separation unit in the South Azadegan field with a daily capacity of 5,000 barrels, with the aim of reviving and making low-pressure wells productive.

Government competition with the private sector poses challenges to investment in the energy sector

The head of the Energy Commission of the Khorasan Razavi Chamber of Commerce criticized the government's interventions in the energy sector, saying: "As long as the government competes with the private sector instead of supporting it and there are no sufficient protective laws, investment in the energy sector will face challenges."

The first phase of water transfer from the sea to Isfahan was completed

Referring to the start of the flood and the arrival of sea water to Isfahan, the spokesperson for the country's water industry said: "The first phase of transferring water from the sea to Isfahan has been completed; in this phase, which has the potential to increase to 70 million cubic meters per year, 40 million cubic meters of water will be made available to industries."

Lack of demand is the biggest problem for the country’s CNG industry

The head of the CNG Association said: "Providing fuel for light vehicles in times of crisis is best done through gas. If vehicles move towards dual-fuel, the load on liquid fuel stations will be reduced."

Production capacity of supplementary oil and gas well strings increased

The production capacity of supplementary strings for oil and gas wells on land and offshore increased with a focus on developing indigenous and Iranian technologies in the country; a strategic move that, by strengthening domestic capacity, paves the way for self-sufficiency in vital equipment for the energy industry and the export of these products.

Part of the oil flare in the west of the country was extinguished

For the first time in the western region of the country, part of the oil-associated gas flare was extinguished with the operation of the first phase of the Dehloran NGL 3100 refinery, a measure that is considered to reduce flaring and recover associated gases in border oil-rich areas.

Iran with 37 gas fields; still dreaming of getting rid of imbalance

Despite having the world’s second-largest gas reserves, Iran continues to grapple with an energy imbalance. The country’s numerous gas fields are either underdeveloped or lagging behind in the competition for extraction from shared fields. While gas exports could become a regional lever of power, Iran has a tiny share of the global market. If this trajectory is not corrected, even meeting domestic demand will be challenged in the coming winters.