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
24% decrease in water reserves in the country’s dams
The amount of water reserves in dams on the 10th of Khordad 1403 (1924) exceeded 35 billion cubic meters, which, when compared to the current volume of water reserves in dams, indicates a 24% decrease in the country's dam water reserves.
2 vessels carrying smuggled fuel seized in Persian Gulf
A judicial official announced the seizure of two vessels carrying smuggled fuel in the waters of the Persian Gulf.
Iran emphasizes bilateral talks on Arash gas field
The Foreign Ministry spokesman announced: "Iran has always emphasized constructive cooperation with the Kuwaiti government in the field of energy, especially regarding the Arash gas field and the joint exploitation of its resources, based on bilateral negotiations and the history of previous talks."
Petrochemical industry seeks sustainable management of water resources with recycling technology
The Director of Health, Safety, Environment and Passive Defense at the National Petrochemical Industries Company said: "The petrochemical industry emphasizes managing water resources by recycling and using wastewater."
Iran-US talks raise oil prices
Oil prices rose on Tuesday as concerns about supply increased due to media claims that talks between Iran and the United States may not reach a conclusion, while the dollar weakened.
Fuel smuggling wastes $8 billion of the country’s resources annually
The advisor to the CEO of the National Iranian Petroleum Refining and Distribution Company reported that $6 to $8 billion of the country's resources are wasted annually due to fuel smuggling, saying: "We must have a national perspective in fuel allocation, while the relevant agencies have a sectoral perspective."
Increasing the country’s refining capacity to 2.4 million barrels
The Deputy CEO of the National Iranian Oil Refining and Distribution Company announced the increase in the country's refining capacity to 2.4 million barrels per day and stated: "The Abadan refinery has had the largest share in this capacity increase."
The important role of the Besat Power Plant of the South Pars Gas Complex in supplying electricity to the region
The CEO of the South Pars Gas Complex announced: "The Besat Power Plant of the South Pars Gas Complex, with its sustainable electricity production, in addition to providing energy to thirteen refineries, injects the surplus electricity produced into the power grid of four neighboring counties, which plays an important role in strengthening the region's national power grid."
Incentive package announced to facilitate upstream oil and gas contracts
Following the Supreme Leader's (Supreme Leader's) emphasis on facilitating and accelerating the conclusion and implementation of upstream oil and gas contracts, the Economic Council notified the Ministry of Oil of the issue of "facilitating the conditions for concluding and implementing upstream oil and gas contracts" in line with achieving the goals of the Seventh Progress Plan of the Islamic Republic of Iran.
Historic overhaul in Shazand, disruption in supply, and new hope for Sharak shareholders
Shazand Petrochemical Company will enter one of the largest overhauls in the last decade on June 7th; at the same time, disruptions in land transportation have challenged the complex's feedstock and affected production and sales; but perhaps the most promising news for shareholders is the reform of the feedstock pricing method starting in July.
