Producing gasoline from methanol is not profitable

The planning director of the National Petrochemical Company, emphasizing the focus on the downstream and reaching a capacity of 131 million tons by the end of the Seventh Plan, said that producing gasoline from methanol is not economically viable.

From reckless policymaking to official warning to petrochemicals; Iran’s propylene market at risk

Despite the special capabilities in developing the propylene value chain, due to excessive licensing and lack of sound policymaking by the National Petrochemical Company, this market is becoming saturated and is on track to suffer a similar fate to methanol production units.

Get to know one of the most modern refineries in Iran, Bandar Abbas Oil Refinery

Bandar Abbas Oil Refining Company, as one of the 10 largest refineries in the country, plays a key role in providing Iran with the energy and products it needs. The refinery was built on an area of about 770 hectares, 20 kilometers west of Bandar Abbas city and on the northern shore of the Persian Gulf, and went into operation in 1997 with an initial capacity of 232,000 barrels per day.

Breaking News

Increasing the country’s gas production capacity with the Bilal Gas Field Development Plan

The executive of the Bilal Joint Gas Field Development Plan pointed out that the development of this field will add 14.2 million cubic meters to Iran's gas production capacity, saying: "This amount of gas production is equivalent to the consumption of the coldest province in the country in winter."

Delivery of 874 million cubic meters of natural gas to the national network

651 million cubic meters, equivalent to 74 percent of total gas produced yesterday, was consumed in the domestic, commercial, and small industrial sectors due to the persistence of cold weather.

Ahvaz desalination plant project will increase oil production capacity

Upon his arrival in Khuzestan Province, Oil Minister Mohsen Paknejad said: "With the Ahvaz desalination plant project, 40,000 barrels will gradually be added to Iran's oil production capacity."

A brainstorming meeting was held between the heads and training experts of the National Petroleum Refining and Distribution Company

A brainstorming meeting of heads and training experts of main, subsidiary, and refining companies was held in person and virtually at the National Refining and Distribution Company, coinciding with "World Education Day."

Drilling of 10 wells in South Azadegan to be completed soon

The director of drilling projects in the West Karun oil fields at the National Iranian Drilling Company said: "The cumulative progress of the 10-well drilling project in the South Azadegan joint oil field has exceeded 90 percent."

Urmia Petrochemical Company became the “Top Company in terms of Fast Growth”

Urmia Petrochemical Company was awarded the title of "Best Company in terms of Fast Growth" in the 1403 ranking of Iran's Top Companies (IMI-100).

Arghavangostar saves 20 million euros by relying on the knowledge-based company Rapco

The CEO of Arghavan Gostar Petrochemical Company of Ilam stated: "By relying on the engineering capabilities of Rapco Company, we managed to save more than 20 million euros in equipment purchase costs. This achievement shows the importance of trusting domestic knowledge-based companies and utilizing their capabilities."

Exploration activities in the marine sector will resume in the 14th government

The exploration director of the National Iranian Oil Company stated that this management has not had any exploration drilling activities in the sea since 2019, and said: "With the signing of contracts to supply the rig, for the first time in the 14th government and after a five-year hiatus, exploration activities in the sea sector will begin."

Seizure of the National Oil Company building in Rotterdam, Netherlands

After London, this time it was Rotterdam's turn; the Dutch regional court ordered the confiscation of another property of the National Iranian Oil Company (NIOC) due to the Crescent case.

Increasing gas production in South Pars

The deputy head of development plans at Pars Oil and Gas Company said: "With the completion of one of the gas wells in Phase 13 of South Pars, the gas production capacity from this phase increased by 1.7 million cubic meters per day."

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