Bandar Imam becomes the giant of Iran’s petrochemical paper projects

Bandar Imam Petrochemical, the beating heart of the downstream chain of Iran's petrochemical industry, is currently facing a $1.4 billion project; a project that, in relation to the company's 8 trillion tomans profit, has raised serious questions about the economic logic, financing method, and the silence of Persian Gulf Holding.

harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies

The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.

A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil

Shamal Drilling Company, the exploratory drilling contractor in the Caspian Sea, announced an increase of 25% of the initial contract amount in some contract cases with the Caspian Oil Company.

Breaking News

Gas rationing in Egypt: the first consequences of Israel’s war against Iran

Following the escalation of military conflicts between the Zionist regime and Iran and the cessation of gas production from the regime's main fields, Egypt has faced a sharp decline in gas imports and has begun rationing gas in fertilizer and petrochemical plants to deal with this crisis.

Fire breaks out in two fuel storage tanks in Tehran due to Israeli attack

A fire has broken out in a storage tank for petroleum products at the Naftkan oil depot, and efforts to extinguish and contain the fire have begun. A fuel tank in southern Tehran was also hit by a projectile.

Araqchi: Attack on Assaluyeh is a blatant aggression and a very dangerous act

The Iranian Foreign Minister said in a meeting with ambassadors and representatives of foreign countries in Tehran: "The attack on Assaluyeh is a clear aggression and a very dangerous act. Dragging the conflict to the Persian Gulf is a strategic mistake and its goal is to drag the war outside of Iranian territory."

Reuters report on Israeli attack on South Pars gas field facilities

Reuters reported in an exclusive report that gas production in Phase 14 of the South Pars Joint Field - the world's largest gas field - has been partially halted following an Israeli airstrike on Iranian energy facilities.

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.