Iran’s refineries are far from Nelson’s global standard; the future of the refining industry is uncertain

While refineries around the world have achieved a high level of complexity by relying on new technologies and extensive investments, Iranian refineries are still significantly behind global standards. Morteza Behrouzifar, an energy expert, says that our problem is not just a lack of capital; even if we assume that we have sufficient financial resources to implement projects, there is still no possibility of serious upgrading of refineries due to limited access to modern technology and equipment.

Gas exports to Iraq and Türkiye remain intact

The Deputy Minister of Oil announced in a press conference the export of gas to Iraq and the possibility of extending the long-term contract for gas exports to Türkiye.

New secret to increasing oil production revealed; Iran turns to injecting low-salt water

Energy expert Saeed Saviz has unveiled a new method for increasing oil recovery for the first time. He says that using low-salt water injection could offset the decline in production in Iran's oil fields and even increase production capacity in the long term. In addition to relying on indigenous knowledge, the method will also respond to concerns such as water crises and land subsidence by reducing pressure on freshwater resources.

Breaking News

Actions of the Parliament’s Energy Commission in Resolving the Electricity and Gas Imbalance

The head of the Energy Commission of the Islamic Consultative Assembly presented a report on the commission's actions in resolving the imbalance of electricity and gas and supplying fuel to power plants at a meeting of the commission, which was held in the presence of the speaker of the Islamic Consultative Assembly and the ministers of oil and energy.

Official selling price of Iranian oil in January 2025

According to the National Iranian Oil Company, the price of Iranian light oil in January 2025 for supply to the Asian market will be $1.35 higher than the base price (Oman/Dubai crude oil price).

Significant increase in liquid fuel deliveries to power plants in the last 4 months

The significant increase in the production and delivery of liquid fuel in the last four months, with careful and strategic management, has allowed the cold days of this year to pass with a stable supply of power plant fuel, without serious challenges in the country's energy supply.

Producing gasoline from methanol ruled out

Not long ago, Iranian methanol producers raised the issue of producing gasoline from methanol.

Product production at Bushehr Petrochemical reached 3 million tons

In the first 9 months of this year, Bushehr Petrochemical succeeded in producing about 3 million tons of various petrochemical products and more than 547 million cubic meters of ancillary services.

Using petrochemical capacity in the campaign to reduce gas consumption by 10 percent

A memorandum of understanding was signed between the National Petrochemical Industries Company and Zagros Petrochemical Company to use the capacity of this petrochemical company in a campaign to reduce gas and electricity consumption by 10 percent in the domestic and commercial sectors.

Khark Oil Terminal plays a vital role in achieving the oil industry’s major goals

Emphasizing the strategic position of the Kharg Oil Terminal, the CEO of the Iranian Oil Terminals Company introduced transformation and innovation as the company's main strategies, and considered special attention to human resources as the key to development and improving productivity.

Providing $23 billion from the National Development Fund for 60 oil and gas projects

The chairman of the National Development Fund's executive board said: "The Economic Council has passed a resolution to increase oil production by 250,000 barrels per day, which the Fund is participating in financing."

$18 billion in unused investment and gas cutoffs at 12 petrochemical plants; a memorandum of understanding was signed to save the petrochemical industry from the gas crisis

During a ceremony to address the gas imbalance crisis, the National Petrochemical Company and Zagros Petrochemical Company signed a memorandum of understanding. The aim of this memorandum is to reduce gas consumption by 10 percent in the domestic and commercial sectors and increase the share of gas allocated to the petrochemical industry, which could lead to increased production and foreign exchange earnings. This is while the petrochemical industry is facing challenges such as gas outages at 12 petrochemical plants and feed shortages.

Meeting of the Heads of State focused on solutions to address the country’s main imbalances

A meeting of the heads of the three branches of government was held, hosted by the President and attended by a group of managers of economic ministries, to examine solutions to address the country's main imbalances.

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