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
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.
Sharp decline in CNG consumption in the country
CNG supply has decreased from 23 million cubic meters per day in 1402 to 19 million cubic meters in 1403 and 16 million cubic meters in 1404, and unfortunately, this decline in demand continues.
The growth of gas production in Iran
Although Iran's daily gas production capacity has doubled in recent decades, structural, financial, and technological barriers threaten the sustainable growth of this key source of electricity for the industry.
Accelerating gas field development plans
In recent years, accelerating gas field development plans has become an unrivaled priority in energy policymaking in Iran; a policy that is being pursued with the aim of compensating for the supply shortage.
$200 million allocated for petrochemical downstream industries by the National Development Fund
The deputy chairman of the National Development Fund's executive board said: "If at least 20 complementary petrochemical industry projects are introduced and proposed and approved by the National Petrochemical Industries Company, a total of $200 million in funding will be allocated to finance these projects, and it will be divided among them based on need."
Allocating 2% of the income of Persian Gulf holding companies to research and development
The CEO of Petrochemical Research and Technology Company pointed to the valuable achievements of this company in the field of localization of technical knowledge and catalysts needed by the petrochemical industry and said: "The Petrochemical Research and Technology Company has had a successful performance in meeting domestic and export needs."
The level of oil and gas reserves at power plants reached 1.5 billion liters
The level of oil and gas storage in power plants in the first two months of 2025 has reached about 1.5 billion liters, an increase of more than 85 percent compared to the same period last year; an impressive figure that indicates the Ministry of Petroleum's readiness to provide sustainable energy in the country.
