Historic overhaul in Shazand, disruption in supply, and new hope for Sharak shareholders
Shazand Petrochemical Company will enter one of the largest overhauls in the last decade on June 7th; at the same time, disruptions in land transportation have challenged the complex's feedstock and affected production and sales; but perhaps the most promising news for shareholders is the reform of the feedstock pricing method starting in July.
Even with the shutdown of industries, domestic gas is running low!
An energy expert warned about a sharp decline in gas production in the country, emphasizing that without immediate investment of up to $70 billion in gas fields, Iran's gas production will drop to 500 million cubic meters per day within 3 to 5 years, while domestic consumption in the winter will reach 650 to 700 million cubic meters.
Kermanshah Petrochemical: From gas shortage to production surge; urea and ammonia hit record highs
Kermanshah Petrochemical started 2025 with a significant jump in production; the more than doubling of ammonia and urea production in the first two months of this year compared to the same period last year has put this complex on the path to establishing its position in the methane value chain.
Breaking News
Iran’s oil industry is taking steps towards development/sanctions do not hinder growth and development
The vice-chairman of the Energy Commission of the Islamic Council pointed to the progress of the oil industry in recent years, as well as the increase in oil production and export, and said: Sanctions have not hindered the growth and development of the oil and gas industry.
What is the effect of new US sanctions on Iran’s oil and petrochemical industry?
While the US Treasury announced the imposition of sanctions against dozens of entities and ships related to Iran's oil and petrochemical products industry, reports show that nothing new has happened in Iran's oil and petrochemical products export process, and the sale of oil and petrochemicals continues.
Iran’s electricity allocation system was put into operation
The country's specialized electricity buying and selling market named "Iran's Electricity Allocation System (SETBA)" was put into operation.
One billion dollar damage to the National Drilling Company to the oil industry
The unexpected stoppage of 31 oil wells has reduced the country's daily production by 46 thousand barrels and caused a billion dollar damage. Mismanagement in National Drilling Company is the main cause of this crisis.
Member of the Board of the Parliament's Energy Commission in an interview with "Energy Press":
In the field of oil and gas, we are lagging behind the sixth development plan/we have serious mismanagement in fuel consumption optimization
Referring to the reasons for the energy imbalance in the country, a member of the leadership committee of the Parliament's Energy Commission said: We are witnessing serious mismanagement in fuel optimization, and in this regard, we are lagging behind the sixth development plan. While we should have included the variety of consumption in the fuel basket and also think about the conditions after the end of fossil fuel.
The emphasis of the deputy minister of oil in gas affairs on acquiring knowledge in the overhaul of gas turbines
The deputy minister of oil for gas affairs stated that the gas transfer company is an original and well-established company whose forces are well-known, but unknown, and said: the hardworking forces of this company have been able to keep the flag of this company high by relying on their knowledge and capabilities. Transport natural gas sustainably.
Does the crisis of electricity shortage continue in winter?
For several years, blackouts have been extended to winter, the type of blackouts in the second half, but not summer, and the reason is gas imbalance. Because more than 90% of the electricity produced in the country is provided by gas and oil products.
Spokesperson of the Ministry of Foreign Affairs: The new US sanctions against Iran’s energy are illegal
The spokesperson of the Ministry of Foreign Affairs considered the imposition of new sanctions by the United States against Iran's energy sector as an illegal and unjustified act and strongly condemned it.
Gachsaran Oil and Gas pioneered in the production of oil industry equipment
The CEO of Gachsaran Oil and Gas Company emphasized on the cooperation and empowerment of domestic companies in order to provide services to the operating companies and said: signing the contract for the supply of an electric motor and three pumps, carrying out corrective measures in two 8 and 10 inch lines and implementing 75 process amendments to improve and Production stability in oil, gas and liquefied gas facilities has been achieved in the first half of this year.
The memorandums of understanding of oil industry and industrial universities in southern Iraq are implemented
The implementation processes of the previous memorandum between the University of Petroleum Industry and the Southern Iraq University of Technology were reviewed during the visit of the president of this university to Iran.
