The collapse of industry, the rise of oil; how did Iran’s economy get caught in a vicious cycle?
Nili warns that if no solutions are found, large industrial enterprises will also shrink within the next 10 years.
Blending methanol with gasoline is a better alternative than converting it
The CEO of Zagros Petrochemical Company did not consider the plan to convert methanol into gasoline to be cost-effective under current economic and technical conditions.
Declining demand for gasoline has cast doubt on the future of the methanol-to-gasoline conversion project
The CEO of Shastan Commercial Investment Company believes that the plan to convert methanol into gasoline is a risky investment in the current circumstances and given global developments.
Breaking News
Issuance of fuel cards for imported cars
Ali Akbar Ameri said: According to gasoline rationing, all gasoline vehicles with national license plates can apply for a fuel card.
Sabalan petrochemical production increases by 110 thousand tons annually
The CEO of Sablan Petrochemical Industries, referring to the implementation of the plan to inject carbon dioxide into the methanol synthesis reactor of the factory with the ART reactor, said: it is estimated that with the implementation of this plan, the company's methanol production will increase by 110,000 tons annually, which will generate an income of 25 to 26 million dollars along with Will have.
Iran sanctions waiting for Venezuela?
Venezuela, having the world's largest proven oil reserves, is under US sanctions, resulting in difficult economic conditions. Of course, since last year, the Biden government reduced some of these oil sanctions on the condition of holding free elections. Now and after the recent events, there is a possibility that the Biden administration, fearing the increase in oil prices, instead of sanctioning this sector, will resort to sanctions similar to Iran, i.e. individuals and governmental institutions.
An unprecedented record of peak electricity consumption in the country compared to last year
The Minister of Energy said: The country's peak electricity consumption has so far exceeded the peak consumption of the previous year by 23 times, and this situation makes the operation of the electricity industry difficult.
Tehran Electricity Distribution Company’s request to people to reduce consumption
In an announcement, Tehran Bozor Electricity Distribution Company asked the people of Tehran to reduce their electricity consumption.
Reducing electricity restrictions for Tehran’s cement industry
The Secretary of the Cement Industry Employers' Association announced the agreement with the Ministry of Energy to reduce the restrictions of units in the central regions (Tehran) from this week.
The news of the Minister of Energy about the unprecedented heat record
Stating that the peak electricity consumption in the summer of last year was 72 thousand 725 megawatts and this year 79 thousand 189 megawatts, the Minister of Energy said: This week, the historical record of temperature increase in Tehran will be broken.
63% increase in income due to the increase in production volume in Fajr Energy
According to the quarterly report of Fajar Gulf Energy Company this spring, Fajar has managed to identify 4,641 billion Tomans in revenue in the spring of 2024, which has increased by more than 63% compared to the same period last year.
The plan of the Ministry of Oil to deal with gas theft
CEO of Iran Gas Engineering and Development Company explained the grand and strategic plan of the Ministry of Oil and Gas Industry to end gas theft and find missing gases.
Attracting foreign investment by developing relations with neighboring countries
The head of Iran's Investment and Economic and Technical Assistance Organization found membership in the Shanghai and BRICS agreements to be effective in attracting foreign investment and added: A large part of the 11 billion dollars of foreign investment was attracted by the countries that are members of these agreements.
