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

Energy diplomacy at a standstill; send the masts to Arash Square

While the Arash gas field has become a new flashpoint for border tensions in the Persian Gulf, Iran continues to insist on the path of diplomacy, a path that has neither thwarted the claims of Kuwait and Saudi Arabia nor stopped the plundering of the country’s energy resources. Isn’t it time for Tehran to deploy drilling rigs and defend its national wealth instead of fruitless talks?

Karaj Hydroelectric Power Plant Electricity Production Stops

The director of the Karaj Dam said: "Although the Karaj Dam hydroelectric power plant is currently operating, it is likely that within the next two weeks the water level will reach a level that will no longer allow electricity generation from this power plant."

Fluctuations in Iranian oil prices over the past 5 years

The average price of Iranian heavy oil in 2024, based on statistics provided by the Organization of the Petroleum Exporting Countries (OPEC), was $79.71 per barrel.

Construction of 56-inch line begins to strengthen the central gas corridor

The construction of a 56-inch gas pipeline from Pol-e-Kale to Tiran to strengthen Iran's central gas transmission corridor has begun.

Iran’s oil revenues exceeded $46 billion last year

OPEC figures show that Iran's revenue from oil exports will exceed $46 billion in 2024 by more than $5.6 billion (an increase of 14%).

A comprehensive system for domestic oil industry contracts was launched

The legal director of the National Iranian Oil Company announced the launch of a "comprehensive system for domestic contracts" and said: "This system covers the contract process from beginning to end and is a major step towards agility, mechanization, and reducing human errors in the legal field of the oil industry."

Petrofarhang is ready to sell shares in Kian Petrochemical

With the aim of improving the composition of its investment portfolio, Petrofarhang Company has issued a call to identify applicants for the purchase of shares of Kian Petrochemical and invited investors to express their readiness to participate in the auction.

Getting to know Iran’s petrochemical companies; this part is Kermanshah

Kermanshah Petrochemical Complex, one of the key centers for chemical fertilizer production in western Iran, plays a prominent role in the province's industrial and economic development with the aim of meeting the region's agricultural needs and reducing dependence on urea imports. The complex, benefiting from its rich natural gas resources and specialized human resources, has become one of the pillars of Iran's petrochemical industry.

The critical water tariff has been canceled for now

The Ministry of Energy's new plan to implement a crisis water tariff by charging the cost of supplying water from consumers above the model was not approved by the Cabinet for approval and notification and has been canceled for now.

Electricity consumption in the country decreased by 600 megawatts

The Director General of the Electricity Network Engineering and Management said about the successful implementation of the 100 Nights, 100 Visits project aimed at reducing the effects of electricity waste in the country: "This project has so far resulted in savings of 600 megawatts in electricity consumption."