Bandar Imam becomes the giant of Iran’s petrochemical paper projects
Bandar Imam Petrochemical, the beating heart of the downstream chain of Iran's petrochemical industry, is currently facing a $1.4 billion project; a project that, in relation to the company's 8 trillion tomans profit, has raised serious questions about the economic logic, financing method, and the silence of Persian Gulf Holding.
harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies
The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.
A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil
Shamal Drilling Company, the exploratory drilling contractor in the Caspian Sea, announced an increase of 25% of the initial contract amount in some contract cases with the Caspian Oil Company.
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Possibility of forming a joint consortium to develop the Kish gas field
The CEO of the Persian Gulf Oil and Gas Industry Advancement Company, referring to the significant lack of benefit for the Persian Gulf Petrochemical Industries Group from the empty production capacity of some companies, which is due to insufficient feed, emphasized the key role of this company in the upstream oil and gas sector, including participation in field development projects to provide sustainable feed for large petrochemical production units.
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.
