Introduction to Tabriz Refinery; the refining hub of northwest Iran
Tabriz Oil Refinery, one of the most important refining centers in Iran, plays a key role in supplying the liquid fuel needed by northwest Iran by providing about 7 percent of the country's crude oil refining capacity.
Getting to know Iran’s petrochemical holdings; this is Parsian Oil and Gas
Parsian Oil and Gas Petrochemical Holding is one of the major players in the country's petrochemical industry, which, with about 20 percent of Iran's production capacity and complexes such as Pardis and Zagros, has earned the title of the country's largest urea producer and one of the most important methanol producers in the Middle East.
$700 million in gasoline savings by expanding ridesharing
Hossein Mirafazli, an energy expert, says: If only 10 percent of intracity trips are shared, about two million liters of gasoline will be saved daily, which is equivalent to more than $700 million in annual savings for the Iranian economy.
Breaking News
Incentive package announced to facilitate upstream oil and gas contracts
Following the Supreme Leader's (Supreme Leader's) emphasis on facilitating and accelerating the conclusion and implementation of upstream oil and gas contracts, the Economic Council notified the Ministry of Oil of the issue of "facilitating the conditions for concluding and implementing upstream oil and gas contracts" in line with achieving the goals of the Seventh Progress Plan of the Islamic Republic of Iran.
Historic overhaul in Shazand, disruption in supply, and new hope for Sharak shareholders
Shazand Petrochemical Company will enter one of the largest overhauls in the last decade on June 7th; at the same time, disruptions in land transportation have challenged the complex's feedstock and affected production and sales; but perhaps the most promising news for shareholders is the reform of the feedstock pricing method starting in July.
Sharp decline in CNG consumption in the country
CNG supply has decreased from 23 million cubic meters per day in 1402 to 19 million cubic meters in 1403 and 16 million cubic meters in 1404, and unfortunately, this decline in demand continues.
The growth of gas production in Iran
Although Iran's daily gas production capacity has doubled in recent decades, structural, financial, and technological barriers threaten the sustainable growth of this key source of electricity for the industry.
Accelerating gas field development plans
In recent years, accelerating gas field development plans has become an unrivaled priority in energy policymaking in Iran; a policy that is being pursued with the aim of compensating for the supply shortage.
$200 million allocated for petrochemical downstream industries by the National Development Fund
The deputy chairman of the National Development Fund's executive board said: "If at least 20 complementary petrochemical industry projects are introduced and proposed and approved by the National Petrochemical Industries Company, a total of $200 million in funding will be allocated to finance these projects, and it will be divided among them based on need."
Allocating 2% of the income of Persian Gulf holding companies to research and development
The CEO of Petrochemical Research and Technology Company pointed to the valuable achievements of this company in the field of localization of technical knowledge and catalysts needed by the petrochemical industry and said: "The Petrochemical Research and Technology Company has had a successful performance in meeting domestic and export needs."
The level of oil and gas reserves at power plants reached 1.5 billion liters
The level of oil and gas storage in power plants in the first two months of 2025 has reached about 1.5 billion liters, an increase of more than 85 percent compared to the same period last year; an impressive figure that indicates the Ministry of Petroleum's readiness to provide sustainable energy in the country.
The first major overhaul period in Phase 11 of South Pars was successfully implemented
The executor of the South Pars Phase 11 development plan announced: For the first time since its operation, the major repairs of the offshore platform Phase 11 were successfully implemented ahead of schedule, with the cooperation of all project elements in the contracting and commissioning sectors.
Investing $87 billion in the country’s petrochemical industry
The investment manager of the National Petrochemical Industries Company said: So far, $87 billion has been invested in the petrochemical industry, of which $26.3 billion has been provided from foreign sources.
