Energy diplomacy at a standstill; send the masts to Arash Square

While the Arash gas field has become a new flashpoint for border tensions in the Persian Gulf, Iran continues to insist on the path of diplomacy, a path that has neither thwarted the claims of Kuwait and Saudi Arabia nor stopped the plundering of the country’s energy resources. Isn’t it time for Tehran to deploy drilling rigs and defend its national wealth instead of fruitless talks?

Fluctuations in Iranian oil prices over the past 5 years

The average price of Iranian heavy oil in 2024, based on statistics provided by the Organization of the Petroleum Exporting Countries (OPEC), was $79.71 per barrel.

Petrofarhang is ready to sell shares in Kian Petrochemical

With the aim of improving the composition of its investment portfolio, Petrofarhang Company has issued a call to identify applicants for the purchase of shares of Kian Petrochemical and invited investors to express their readiness to participate in the auction.

Breaking News

Purchasing electricity from home solar systems by Tavanir

Referring to the extensive plan to install 5-kilowatt home solar panels, a spokesman for the electricity industry announced the purchase of electricity from these generators at attractive rates from subscribers.

South Pars First Refinery’s gas production capacity increased

The director of the first refinery of the South Pars Gas Complex announced specialized measures and important projects to maintain gas quality and increase production capacity.

Details of the plan to use coal instead of natural gas at Khorasan Petrochemical

The head of Khorasan Petrochemical said: The plan to use coal instead of natural gas is under consideration with the aim of reducing the energy imbalance.

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."