South Pars reaches operational self-sufficiency
South Pars announced that it will meet the majority of its operational needs by relying on domestic capacity and cooperation with knowledge-based companies; a path that has brought the complex to the threshold of industrial independence by localizing more than 15,000 components and creating a smart supply chain.
China’s oil imports from Iran increase after new quotas issued
China's independent refiners have increased their intake of Iranian crude oil after Beijing issued a new round of import quotas late last month.
Meet Mobin Energy Persian Gulf, one of the world’s largest centralized utilities
Mobin Energy Persian Gulf Company, as one of the largest centralized utility units in the world, with an area of over 88 hectares in Phase One of the South Pars Special Economic Zone in Assaluyeh, plays a key role in providing energy and infrastructure services for petrochemical complexes.
Breaking News
Escalating Iran-Israel conflict turns Persian Gulf energy markets red
As reciprocal attacks between Iran and Israel escalated and vital energy facilities were targeted, a wave of concern swept through the Persian Gulf stock markets; the region's stock markets faced a significant decline.
The number of illegal miners discovered by in the country has increased fivefold
Since the beginning of this year, more than 8,500 unauthorized mining devices have been identified and collected, a five-fold increase compared to the same period last year.
Fire on a ship carrying methanol at the Bushehr dock
Mojtaba Khalidi stated: At 11:05 on Monday, June 11, 2021, a report of a fire on a ship was received at the Kaveh Methanol Company dock, and an ambulance and two semi-heavy assistance vehicles were immediately dispatched to the scene.
Iran’s heavy oil transportation capacity increased
The Deputy Director of Operations in the Production Management of the National Southern Oilfields Company said: "With the operation of the newly constructed 30-inch line for transporting light oil from the West Karun fields, the 36-inch Ahvaz-Omidiyeh export pipeline has once again been dedicated to transporting heavy oil."
Oil Minister: Iran’s oil sales decline is not true
Rejecting the claim of a decrease in Iranian oil exports, the Oil Minister said: "The Ministry of Oil is ready to deploy a rig in the Arash field, but the implementation of this plan is dependent on the outcome of border negotiations and official notification from the Ministry of Foreign Affairs."
Daily gas extraction from South Pars Phase 11 increased
Daily gas extraction from Phase 11 of South Pars has increased by 60 percent in the first 10 months of the 14th government, from 12 million cubic meters to 20 million cubic meters.
Two petrochemical companies receive €60 million in financing from Mubadala Center
The subscription of foreign exchange Murabaha bonds of two petrochemical companies, Soroush Mahestan Asaluyeh and Negin Mahestan Kangan, each worth 30 million euros, was successfully completed at the Iranian Currency and Gold Exchange Center.
The Ministry of Oil’s determination to attract capital and facilitate economic processes in the country
The Deputy Investment Director of the National Iranian Oil Company emphasized that with the Economic Council's resolution on facilitating the conditions for concluding contracts and implementing upstream oil and gas contracts, the time required from the stage of receiving the investor's proposal to concluding the contract will be significantly reduced, saying: "These measures demonstrate the determination of the Ministry of Oil to attract capital and facilitate economic processes in the country."
Unregulated increase in contractors is leading the oil industry to its death
The unprecedented growth of outsourcing in Iran's oil industry is a wake-up call that experts consider a threat to the safety and productivity of the industry. Referring to the outsourcing of activities in this area, Shahriar Aghaei, a member of the Board of Directors of the Oil Fund, said that due to the lack of adequate supervision and the nature of contractors who seek greater economic benefits, safety issues in the workplace are less addressed, which results in numerous accidents in the oil industry.
Iran’s heavy oil transportation capacity increased
The Deputy Director of Operations in the Production Management of the National Southern Oilfields Company said: "With the operation of the newly constructed 30-inch line for transporting light oil from the West Karun fields, the 36-inch Ahvaz-Omidiyeh export pipeline has once again been dedicated to transporting heavy oil."
