Getting to know Iran’s petrochemical holdings; this is Parsian Oil and Gas

Getting to know Iran’s petrochemical holdings; this is Parsian Oil and Gas

Parsian Oil and Gas Petrochemical Holding is one of the major players in the country's petrochemical industry, which, with about 20 percent of Iran's production capacity and complexes such as Pardis and Zagros, has earned the title of the country's largest urea producer and one of the most important methanol producers in the Middle East.

$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.

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An increase of 6.7 million cubic meters of gas delivered to the network

An increase of 6.7 million cubic meters of gas delivered to the network

The Minister of Oil said: "The amount of gas delivered to the network has increased by about 6.7 million cubic meters per day, and oil and gas reserves in power plants have also increased by 130 percent. In light of these efforts, we are entering the cold season this year with very favorable conditions."
Iran and Russia emphasize accelerating implementation of Joint Economic Commission resolutions

Iran and Russia emphasize accelerating implementation of Joint Economic Commission resolutions

A follow-up meeting on the implementation of the Memorandum of Understanding of the Iran-Russia Joint Economic Commission was held with the presence of the Deputy Minister of Oil and representatives of executive agencies. The meeting emphasized accelerating the implementation of the approvals, removing obstacles to cooperation, and preparing for the 19th Joint Commission by the end of the year.
Iran’s oil discount to China reaches its highest level in a year

Iran’s oil discount to China reaches its highest level in a year

As a new wave of sanctions from the United States, Britain and the European Union target sales of Russian and Iranian oil, trade sources told Reuters that discounts on Iranian oil for Chinese customers have reached their widest in more than a year, reaching as much as $10. Reduced oil import quotas for independent Chinese refiners have also added to the pressure.
New gas pricing system aims to support low-consumption consumers and achieve subsidy justice

New gas pricing system aims to support low-consumption consumers and achieve subsidy justice

The Director of Coordination of Gas Supply Affairs at the National Iranian Gas Company announced: "The new natural gas pricing system, in addition to supporting low-consumption and low-income groups, creates the necessary incentive to save and optimize consumption in unproductive economic sectors, and this is an important step towards sustainable energy supply and achieving justice in the distribution of subsidies."