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

Petrochemicals and Customs on the Downward Path of Exports

The Director General of Customs said: In the first quarter of this year, Iran's total non-oil trade reached 43 million 489 thousand tons and was worth 24 billion 684 million dollars.

Acceleration in localization and modernization; completion of 100 wells by the National Drilling Company

The CEO of the National Iranian Drilling Company announced the achievement of drilling and completing 100 wells in 1403 and said: "Localizing strategic equipment, manufacturing domestic rigs, and increasing the share of domestic manufacturing are among the company's strategic priorities, which have been accompanied by foreign exchange savings and reducing dependence."

Iran’s oil market heats up in China; exports rise, sanctions remain on paper

While Donald Trump has claimed to have paved the way for Iranian oil exports to China, statistics show that China's oil imports from Iran reached a record 1.8 million barrels per day in June; a record that experts attribute to increased seasonal demand, regional war, and the attractiveness of Iranian oil prices, not necessarily the result of the official lifting of sanctions.

Sustainable fuel supply despite military and cyber attacks

The CEO of the National Iranian Oil Refining and Distribution Company said: "Despite a 50% increase in demand and cyber threats and military attacks, fuel supplies continued uninterrupted."

Wartime gasoline consumption record broken

The CEO of the National Iranian Petroleum Refining and Distribution Company announced the smart measures and round-the-clock efforts of 160,000 operational forces in the fuel supply and distribution chain to maintain the stability of the country's fuel supply network during the imposed war with the Zionist regime, and emphasized: Despite a 50 percent increase in demand and cyber threats and military attacks, fuel supply continued without interruption.

Isfahan Refinery’s New Plan to Reduce Gas Imbalance

The CEO of Isfahan Oil Refining Company announced the implementation of the company's Furnace Hull Upgrade (RHU) project in two phases, saying: "Operation of the first phase of this project will help eliminate the gas imbalance, and the second phase will eliminate the gasoline and oil and gas imbalance."

Petrochemicals and Customs on the Downward Path of Exports

The Director General of Customs said: In the first quarter of this year, Iran's total non-oil trade reached 43 million 489 thousand tons and was worth 24 billion 684 million dollars.

The resilience of Iran’s oil industry in the 12-day war

During the 12 days when Iran's skies were facing the Zionist regime's invasion and the imposed war, the oil industry worked in a chain reaction and did not tremble, but stood firm. It stood firm and did not let a single light go out or a shortage arise in the country's fuel supply.

What percentage of the world’s mining is related to Iran?

Deputy Transmission and Cryptocurrency Project Executive Tavanir said: "The global hash rate decrease was between 5 and 12 percent, but 12 percent is a very large number, as load behavior data shows a 2,400 megawatt reduction in load power."

Farabi Petrochemical’s annual meeting will be held on July 11

Farabi Petrochemical Company has invited its shareholders to attend the Annual General Meeting to be held on Saturday, July 11, 2021. The meeting will be held at the Fanavaran Petrochemical Complex, located in Bandar Imam Khomeini, a special economic zone, in Khuzestan Province.