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.

Even with the shutdown of industries, domestic gas is running low!

An energy expert warned about a sharp decline in gas production in the country, emphasizing that without immediate investment of up to $70 billion in gas fields, Iran's gas production will drop to 500 million cubic meters per day within 3 to 5 years, while domestic consumption in the winter will reach 650 to 700 million cubic meters.

Kermanshah Petrochemical: From gas shortage to production surge; urea and ammonia hit record highs

Kermanshah Petrochemical started 2025 with a significant jump in production; the more than doubling of ammonia and urea production in the first two months of this year compared to the same period last year has put this complex on the path to establishing its position in the methane value chain.

Breaking News

Importance of GECF meeting in Tehran; Gas market awaits exporters’ decision

Importance of GECF meeting in Tehran; Gas market awaits exporters' decision. Considering the estimated increase in gas demand in the short and medium term, especially in Europe, the Gas Exporters' Forum meeting was held in Tehran with a focus on increasing production and is expected to have an impact on the gas production and trade process.

20% increase in domestic gas consumption

66 percent of the natural gas delivered to the national network yesterday (December 6) was allocated to the domestic, commercial, and small industrial sectors, which is a 20 percent increase compared to the same day last year.

More than 60% of the global energy portfolio will be supplied by fossil fuels by next year

The former Secretary General of the Gas Exporting Countries Association, pointing out that gas is a suitable fuel in transition, said: "We (the world's gas exporters) believe that by 2050, more than 60 percent of the global energy portfolio will still be supplied by fossil fuels."

Abbas Akhundi: China did not give us $21 billion of our oil money!

Abbas Akhundi revealed the nature of China-Iran relations during Ahmadinejad's reign.

GECF Secretary General Arrives in Tehran to Attend Gas Exporters Summit

The Secretary General of GECF arrived in Tehran to attend the 26th Ministerial Meeting of the Gas Exporting Countries Forum from December 6 to 8.

It is not fair to allocate a fuel card to someone who owns multiple cars

Parliamentary Deputy Pezizkian stated: "If a fuel card is going to be issued, it should be issued to all people and it should be in the name of the person, not the name of the vehicle."

700 million liters of fuel transferred to Tehran’s power plants

The deputy director of operations for the Tehran Region Oil Pipelines and Telecommunications Company announced that more than 700 million liters of fuel have been transferred to the country's power plants since the beginning of this year.

Holding a ministerial meeting of the Gas Exporting Countries Forum in Tehran

The Deputy Minister of Oil for International Affairs and Trade announced the gathering of the world's largest gas exporters in Tehran and said: "These countries collectively hold 70 percent of the world's gas reserves, 40 percent of production, 47 percent of gas exports through pipelines, and 51 percent of LNG exports."

Operation of 3 associated gas collection projects by the end of the year

The head of the Environmental Protection Agency stated that desirable measures have been taken to reduce pollutants resulting from burning gas in flares in the oil-rich areas of the south, and said: "Achieving the desired result requires further follow-up and appropriate and rational timing."

The Statistics Center announced that GDP growth was driven by oil

According to a report by the Statistical Center of Iran, in the first 6 months of this year, we witnessed a 4% economic growth in gross domestic product with oil.