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

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.

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.

Purchasing electricity from home solar systems by Tavanir

Referring to the extensive plan to install 5-kilowatt home solar panels, a spokesman for the electricity industry announced the purchase of electricity from these generators at attractive rates from subscribers.

South Pars First Refinery’s gas production capacity increased

The director of the first refinery of the South Pars Gas Complex announced specialized measures and important projects to maintain gas quality and increase production capacity.