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

23 oil and gas exploration blocks on land and offshore were introduced

With the aim of accelerating the exploration of hydrocarbon resources and attracting investment, the National Iranian Oil Company has introduced 23 exploration blocks on land and sea, with the total in-situ oil and gas reserves of these blocks estimated at more than 193.8 billion barrels and 783 trillion cubic feet, respectively.

The need to create investment security in the upstream oil and gas sector

A member of the Energy Commission of the Islamic Consultative Assembly said: "In a situation where Iran is facing numerous challenges in the energy sector, creating investment security in the upstream oil and gas sector is one of the basic priorities."

Emphasis on investment as an undeniable necessity in energy developments

Reliable statistics show that over the past decade, the share of investment in renewable energies has increased from 33% to more than 65%, while the attractiveness of investing in oil projects has decreased significantly.

Increase in global oil prices due to sanctions against Iran

As the United States reimposed sanctions on Iranian oil exports, crude oil prices rose in global markets.

Interpreting the OPEC+ nightmare in the Iran-US nuclear symphony

OPEC+'s Nightmare Interpretation in the Iran-US Nuclear Symphony Oil and energy investors are anxiously watching the Tehran-Washington nuclear talks and preparing themselves for the major price shock the market will experience. On the other hand, the risk of a no-deal and a dream between Iran and the US also threatens the stability of global markets.

Signing of Memorandums of Understanding to Expand Oil Cooperation between Iran and Iraq

According to the Minister of Oil, memorandums of understanding have been signed to expand Iranian and Iraqi oil cooperation in various fields, including offshore exploration and the transfer of associated gases from Iraqi border fields to Iran to supply feedstock for NGL units with the participation of the private sector.

Historical record of fuel consumption in Nowruz

The head of the Faraj Traffic Police announced that in the Nowruz 1404 project, the historical record of fuel consumption was broken with 164 million liters on March 19, and traffic also increased by 5.5 percent compared to last year.

The need to attract investment in upstream oil and gas

A member of the Energy Commission of the Islamic Consultative Assembly announced the event of transformation in investment and development in Iran's upstream oil and gas sector as an effective step in the year of investment for production, and said: "Introducing investment fields will provide the opportunity to attract capital in various fields of the oil and gas industry and upstream industries."

Minister of Energy: The key to solving the country’s electricity industry problems is improving the economic situation

Stating that the Ministry of Energy can be a successful model for realizing the slogan of national unity, the Minister of Energy stated: "Economic reform of the water and electricity industry is one of the main tools for solving existing problems in the water and electricity industry and eliminating imbalances."

60,000 liters of smuggled crude oil discovered in Maroon area

The National Southern Oilfields Company's security forces, with the vigilance of their forces, were able to seize two tankers carrying 60,000 liters of crude oil and hand over the thieves to law enforcement authorities.