Bandar Imam petrochemical exports grew by 35 percent

Bandar Imam Petrochemical Company has succeeded in exporting one million and 6 thousand tons of products to international markets in the first 9 months of 2024, which represents a 35% growth compared to the same period last year.

Rewards instead of fines: The solution to the gas imbalance crisis lies in people’s pockets!

An innovative pilot project in Yazd has shown that rewarding people for saving gas can achieve amazing results. Energy expert Hamed Sahebhonar believes that the project could be a model for the entire country and, with proper investment, generate billions of dollars in foreign exchange annually for the country.

Real-time monitoring of the supply chain and distribution of petroleum products is implemented

The CEO of the National Iranian Oil Engineering and Construction Company announced the implementation of the "Real-time Monitoring of the Supply Chain and Distribution of Petroleum Products" project and said: "By equipping the supply chain with metering and monitoring systems, online and accurate information from each stage will be transferred to the monitoring center, and this information will be utilized in identifying problems, predicting needs, and better managing resources."

Breaking News

17% increase in domestic gas consumption

A spokesperson for the National Iranian Gas Company announced the consumption of 601 million cubic meters of gas in the domestic, commercial, and small industrial sectors.

Iran’s urea price rises in global markets

Iranian urea export prices for January loading have increased to $307 per ton on a FOB basis, compared to $303-$304.5 per ton previously.

Development of the 400 kV Fajr Energy Persian Gulf substation at the terminal station/increasing energy transmission from Bafjar to industries and the national grid

The 400 kV substation development plan, which is the first part of Fajr Company's recent development plans and is intended to increase the capacity of electricity transmission to requesting industries and the national grid, has reached 81 percent progress.

Reasons for the failure of the sanctions on Iran’s oil fleet

The second Trump administration is seeking to impose sanctions on 35 companies and ships to increase pressure on Iran, but experts believe that market conditions and the lack of support from China and Arab countries will prevent this from happening.

The need for cooperation between all sectors to optimize consumption and invest in increasing gas production

Explaining gas supply in imbalanced conditions, the CEO of the National Iranian Gas Company said: "To deal with energy imbalance, the two wings of "consumption optimization" and "investment to increase production" must be considered together."

Fuel smuggling ads hit cyberspace

Everything can be found in cyberspace, from Iranian crude oil exports to gasoline, diesel, fuel oil, and liquefied petroleum gas. Since there is insufficient monitoring of the purchase and sale of fuel in cyberspace and its sources of supply, it seems that traces of smuggling can be seen in online fuel sales.

Energy consumption in public sectors should reach 50% of current consumption

Stating that we are determined to correct imbalances, the First Vice President said: "The energy consumption of government agencies must be halved."

Iran, the largest methanol exporter in the West Asian region

Methanol, as a product based on natural gas feedstock, accounts for a significant share of the production and export of the country's petrochemical industry products.

50% increase in gasoline consumption over 5 years / Increasing prices will not solve the problem

An energy expert said: "The energy imbalance in the country is increasing every year, such that gasoline consumption has increased by 50 percent in five years, and a similar situation exists in other energy carriers. It seems that in these circumstances, an energy ministry should be established."

Some of the gasoline consumed by cars in the country is not standardized

The head of the Environmental Protection Agency pointed out the role of substandard gasoline in air pollution and said: "Some of the gasoline consumed by mobile sources, including cars, does not comply with the national standards approved by the National Standards Organization."

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