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

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.

Details of the plan to use coal instead of natural gas at Khorasan Petrochemical

The head of Khorasan Petrochemical said: The plan to use coal instead of natural gas is under consideration with the aim of reducing the energy imbalance.

Full operation of Hengam Petrochemical Urea Unit from November

The Annual General Meeting of Hengam Petrochemical Company was held with the presence of shareholders, members of the Board of Directors, inspector and statutory auditor, presenting the financial performance report ending in Esfand 1403.

Announcement of the official selling price of Iranian oil in July

According to the announcement by the National Iranian Oil Company, the price of Iranian light oil will be offered to Asian customers in July 2025 at a price nearly $1.5 higher than the base price (Oman/Dubai crude oil price).

Implementation of 36 consumption management packages in the country’s electricity industry

Referring to the design and implementation of 36 consumption management packages in the country's electricity industry, the Director General of Energy and Customer Affairs of the Electricity Industry said: "These packages have been developed and implemented with the aim of reducing electricity consumption, overcoming the summer peak load, and providing sustainable energy."

3% reduction in energy consumption at South Pars Second Refinery

The DM Water Unit Optimization Project of the South Pars Second Refinery resulted in complete self-sufficiency in industrial water supply by increasing the desalination capacity by 60% and reducing energy consumption by 3%.

Major repairs of South Pars Phases 5 and 6 platforms completed

The head of production operations at Pars Oil and Gas Company announced: Major repairs to the gas platforms of phases 5 and 6 of South Pars have been completed with the aim of maintaining sustainable gas production.

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