11 billion dollar project with an empty account; Dangerous game of banks in Azadegan oil field

The last condition of Mohsen Paknejad for the implementation of the Azadegan oil field contract is to deposit 800 million dollars to the account of Dasht Azadegan Arvand Company. A condition that banks have been unable to fulfill until today.

Refining and Distribution CEO: Technological opportunities in the refining industry are vast; the move towards data-driven management is gaining momentum

The CEO of the National Iranian Petroleum Products Refining and Distribution Company, emphasizing the move towards data-driven management and smart fuel chain, said: "The opportunity for technological and data-driven work in the refining and distribution industry is very broad. What is important in this path is the right direction, prioritizing issues, and defining effective cooperation models."

Getting to know Iran’s petrochemical holdings; this part of the Persian Gulf

Persian Gulf Petrochemical Industries Holding, as the second largest petrochemical holding in the Middle East and the largest player in this industry in Iran, plays a key role in meeting domestic needs and the international standing of this industry, with more than one-third of the nominal capacity of the country's petrochemical industry.

Breaking News

Increasing petrochemical cooperation between Iran and Africa

The CEO of the National Petrochemical Industries Company said: "There is good potential for cooperation with African countries to develop relations in the petrochemical industry, and there is a possibility of expanding cooperation based on supplying feedstock from Iran."

Is there a power outage coming?

Referring to the 8% increase in electricity consumption compared to last year and the restrictions on the use of hydroelectric power plants due to low rainfall this year, Tavanir Company announced: Electricity subscribers can be informed of their electricity restrictions schedule by entering their bill ID on the website of the distribution companies and the My Electricity System.

36% increase in power plant fuel deliveries

The CEO of the National Iranian Petroleum Products Distribution Company announced a 36% increase in the delivery of power plant fuel (oil, gas, and furnace oil) in the first 33 days of this year (April 1 to May 2) compared to the same period last year.

Export of Iranian petrochemical products to Africa

The First Vice President announced Iran's readiness to accelerate Africa's industrial leap by exporting petrochemical products.

South Pars Besat Combined Cycle Power Plant Steam Unit Put into Production

The CEO of Pars Oil and Gas Company said: The first steam unit of the South Pars Besat combined cycle power plant has been put into production at full capacity.

Oil Minister: Pressure on South Pars with Iranian contractors to begin soon

This event will present more than 200 investment and financing opportunities in various areas, including the development of 100 oil and gas fields.

$6 billion oil guarantee fund launched

Oil Minister Mohsen Paknejad also unveiled a new tool called "PetroCrad," which for the first time allows for the attraction of small public funds through the capital market.

Controversial project involving petrochemicals in gas field development remains at a standstill

Petrochemicals have no gas for four months of the year, and soon it will be six months. To survive, petrochemicals have turned to upstream to develop gas fields themselves. But a year after the MoUs were signed, no contracts have been finalized and no gas has been extracted.