11 billion dollar project with an empty account; Dangerous game of banks in Azadegan oil field
The last condition of Mohsen Paknejad for the implementation of the Azadegan oil field contract is to deposit 800 million dollars to the account of Dasht Azadegan Arvand Company. A condition that banks have been unable to fulfill until today.
Refining and Distribution CEO: Technological opportunities in the refining industry are vast; the move towards data-driven management is gaining momentum
The CEO of the National Iranian Petroleum Products Refining and Distribution Company, emphasizing the move towards data-driven management and smart fuel chain, said: "The opportunity for technological and data-driven work in the refining and distribution industry is very broad. What is important in this path is the right direction, prioritizing issues, and defining effective cooperation models."
Getting to know Iran’s petrochemical holdings; this part of the Persian Gulf
Persian Gulf Petrochemical Industries Holding, as the second largest petrochemical holding in the Middle East and the largest player in this industry in Iran, plays a key role in meeting domestic needs and the international standing of this industry, with more than one-third of the nominal capacity of the country's petrochemical industry.
Breaking News
99% of the refining industry is in the hands of the government; the real private sector is still absent
Private sector representative of the Small Scale Association: Despite 10 state and quasi-state refineries, less than one percent of refineries are private.
An increase of 1,000 kilometers of oil transmission lines by September
The National Iranian Oil Engineering and Construction Company, as the executive arm of the refining industry, is always in a state of constant flux, just like the flow of oil, gas, and petroleum products production in our country; various projects are completed one after another and new ones are started. The company is simultaneously working on several large and small projects, some of which, like the Bandar Abbas-Rafsanjan pipeline, are in their final stages.
Introduction to Iranian petrochemicals; this part is Sabalan
Sabalan Petrochemical was established in 2010 in the strategic region of Assaluyeh with the aim of producing AA grade methanol. With an annual production capacity of 1.65 million tons of methanol, this complex is a key player in Iran's petrochemical industry and is on its way to becoming one of the largest methanol producers in the world.
Will Tehran cede Ankara’s gas market to Russia and Turkmenistan?
As Iran’s 25-year gas export contract with Turkey nears its end in 2026, the prospects for this strategic partnership are facing serious uncertainties. With competitors such as Russia, Azerbaijan, and Turkmenistan poised to seize the market, Tehran’s decision to extend or redesign the contract could transform Iran’s geo-energetic position in the region.
Localization of Bandar Imam’s vital petrochemical equipment implemented
In line with the realization of the "New Imam Port" plan, Bandar Imam Petrochemical has localized key equipment in various parts of this complex in the last three years, relying on domestic knowledge-based companies.
Forecast of electricity consumption growth to 80,000 megawatts
An official said: "It is expected that during peak periods, electricity consumption will reach more than 80,000 megawatts, but the electricity industry has made every effort to ensure that the need for electricity consumption does not exceed 75,000 megawatts."
10 million liters of gasoline production jump; How did the 14th government change the fuel equation?
Following a significant increase in gasoline production capacity in less than a year, the 14th government has succeeded in bringing about one of the largest infrastructure developments in Iran's fuel industry. This growth has been achieved by reforming processes, improving refinery productivity, and implementing emergency projects.
Fire at Abadan Oil Refinery Contained
The fire incident in Unit 70 of the Abadan Oil Refinery was completely contained with the efforts of operational and rescue teams.
Possibility of forming a joint consortium to develop the Kish gas field
The CEO of the Persian Gulf Oil and Gas Industry Advancement Company, referring to the significant lack of benefit for the Persian Gulf Petrochemical Industries Group from the empty production capacity of some companies, which is due to insufficient feed, emphasized the key role of this company in the upstream oil and gas sector, including participation in field development projects to provide sustainable feed for large petrochemical production units.
Emergency plan to increase daily crude oil production approved
The National Development Fund's investment in the emergency plan to increase daily crude oil production by 250,000 barrels was approved at a meeting of the Economic Council.
