$700 million in gasoline savings by expanding ridesharing

$700 million in gasoline savings by expanding ridesharing

Hossein Mirafazli, an energy expert, says: If only 10 percent of intracity trips are shared, about two million liters of gasoline will be saved daily, which is equivalent to more than $700 million in annual savings for the Iranian economy.

Getting to know Iran’s petrochemical holdings; this is Petroculture’s episode

Getting to know Iran’s petrochemical holdings; this is Petroculture’s episode

Petrofarhang Holding, the economic arm of the Farhangian Reserve Fund, has been able to consolidate its position as one of the main players in Iran's petrochemical industry in recent years, focusing on methanol production and developing petrochemical projects, and has emerged from losses with significant growth in production and profitability.

Breaking News

$780 billion in revenue through the implementation of the pressure-raising plan

$780 billion in revenue through the implementation of the pressure-raising plan

The executive of the strategic plan for increasing pressure in the South Pars gas field, referring to the details of this huge and strategic project, said: "With the implementation of this plan, the field's recovery rate will increase from 54 percent to 75 percent and will have an economic value of $780 billion for the country."
Will the plan to transfer fuel quotas from cards be implemented?

Will the plan to transfer fuel quotas from cards be implemented?

The plan to transfer gasoline quotas from fuel cards to bank accounts is one of the latest changes in fuel distribution policies in Iran, which was proposed to increase transparency, prevent smuggling, and improve fuel consumption management. This idea has been discussed several times in recent years, and finally, a contract for the pilot implementation of this plan was signed yesterday.
Refueling is now possible with a bank account

Refueling is now possible with a bank account

The CEO of the National Petroleum Products Refining and Distribution Company said: "We hope that within the coming months, in coordination with the Central Bank, the Ministry of Economy, and the Non-Operational Defense Organization, we will be able to implement a new refueling model based on the bank accounts of car owners."
Drilling of a gas well in Khanqiran completed

Drilling of a gas well in Khanqiran completed

The drilling of the 79th Khanqiran development well in Khorasan Razavi Province was successfully completed with the efforts of the Technical Affairs Management of the Central Iranian Oil Company.
78% of the country’s delivered gas is consumed in the domestic sector

78% of the country’s delivered gas is consumed in the domestic sector

A spokesman for the National Iranian Gas Company announced that 78 percent of the total gas delivered to the national network was consumed in the domestic, commercial, and small industrial sectors as the weather got colder, saying: "675 million cubic meters of gas were consumed in this sector yesterday."