Get to know the Persian Gulf Star Refinery, the largest gasoline producer in Iran
The Persian Gulf Star Refinery, Iran's largest gasoline producer and the world's largest gas condensate refinery, plays an unparalleled role in Iran's energy supply by producing more than 45 percent of the country's fuel portfolio.
Iran’s oil discount to China reaches its highest level in a year
As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.
Arak Machine Manufacturing Board Resigns Over Petrochemical Project
This resignation is related to a project called Hirsa Polymer Sahand Petrochemical, which has serious uncertainties about how it will be handed over to a second-hand contractor.
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The key role of increasing the attractiveness of oil contracts in the development of oil fields
Amidst the challenges of sanctions and regional competition, Iran's oil industry is seeking to increase its attractiveness and attract investors by redefining its oil contracts; a development that could free the vital oil arteries from restrictions and open a new horizon for development and international cooperation.
Energy self-sufficiency in the petrochemical industry; Persian Gulf Holding’s multi-billion dollar step in developing solar power plants
Persian Gulf Holding, with its massive $2 billion plan to build a 5,000-megawatt solar power plant, is seeking self-sufficiency in energy supply and reducing dependence and pressure on the national grid.
Iran-US nuclear talks stabilize oil and gas/Why has Trump’s trade war worried investors?
News of progress in the Iran-US nuclear talks eased investors' concerns about disruptions to oil supplies and helped stabilize prices over the past business week.
We need more collective effort and coordination to address the energy imbalance
A member of the Energy Commission of the Islamic Consultative Assembly considered that eliminating the energy imbalance requires comprehensive cooperation and said: "The efforts of the National Iranian Gas Company in supplying gas to all parts of the country last winter should be a model for other organizations."
Investment opportunities in the Pars Special Energy Zone
The Director of Economic Development and Investment of the Pars Special Energy Zone Organization described investment in oil and gas projects, transformation industries, and downstream petrochemicals as attractive, saying: "With the completion of infrastructure and transformation industries, many job opportunities will be created in the region."
The key role of increasing the attractiveness of oil contracts in the development of oil fields
Amidst the challenges of sanctions and regional competition, Iran's oil industry is seeking to increase its attractiveness and attract investors by redefining its oil contracts; a development that could free the vital oil arteries from restrictions and open a new horizon for development and international cooperation.
23 oil and gas exploration blocks on land and offshore were introduced
With the aim of accelerating the exploration of hydrocarbon resources and attracting investment, the National Iranian Oil Company has introduced 23 exploration blocks on land and sea, with the total in-situ oil and gas reserves of these blocks estimated at more than 193.8 billion barrels and 783 trillion cubic feet, respectively.
The need to create investment security in the upstream oil and gas sector
A member of the Energy Commission of the Islamic Consultative Assembly said: "In a situation where Iran is facing numerous challenges in the energy sector, creating investment security in the upstream oil and gas sector is one of the basic priorities."
Emphasis on investment as an undeniable necessity in energy developments
Reliable statistics show that over the past decade, the share of investment in renewable energies has increased from 33% to more than 65%, while the attractiveness of investing in oil projects has decreased significantly.
Increase in global oil prices due to sanctions against Iran
As the United States reimposed sanctions on Iranian oil exports, crude oil prices rose in global markets.
