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

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.

84% of the country’s electricity industry’s receivables have been collected

The Deputy Director of Distribution Coordination at Tavanir Company announced that 84 percent of the electricity industry's debts were collected during the first three months of this year.

Saeed Tavakoli: Gas supply continued without disruption during recent attacks

The CEO of the National Iranian Gas Company said: "During the recent attacks, by carrying out more than 6,000 operations, the complete stability of the country's gas network was maintained and there was no disruption in the supply of gas to consumers."

Energy Commission Chairman: Iran’s oil sales route remains open despite sanctions

Referring to the new US sanctions, the head of the Parliament's Energy Committee said: "Iran knows ways to circumvent the sanctions, and Washington's oil policies to disrupt oil sales have failed."

Oil Minister: Aggression against energy-producing countries is a threat to global stability

Stating that aggression against energy-producing countries is a violation of international law and a threat to global stability, the Minister of Oil said: "The energy industry, and especially oil, in today's interconnected world, needs peace and stability to play its role in promoting national, regional, and global prosperity."

Wetland ecosystems under severe drought and land use change pressure

The secretary of the country's climate change scientific network said: "The dried-up wetland and the surrounding bare land will become active dust centers. Exactly what we are witnessing today; dust storms of internal origin such as around Tehran, Qom, and Markazi, which disrupt life in metropolitan areas."

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