Getting to know Iran’s petrochemical companies; this is Kimia Pars Middle East
Kimia Pars Middle East Company, one of the important players in Iran's petrochemical industry, has achieved an influential position in recent years in the fields of foreign exchange earning, sustainable production, and development of global markets, relying on methanol production and 100% export of its products.
South Pars reaches operational self-sufficiency
South Pars announced that it will meet the majority of its operational needs by relying on domestic capacity and cooperation with knowledge-based companies; a path that has brought the complex to the threshold of industrial independence by localizing more than 15,000 components and creating a smart supply chain.
China’s oil imports from Iran increase after new quotas issued
China's independent refiners have increased their intake of Iranian crude oil after Beijing issued a new round of import quotas late last month.
Breaking News
Oil Minister: Nowruz gasoline quota is under review
The Minister of Oil told reporters: "We currently have no plans for Nowruz gasoline quotas."
Growth in the country’s oil and gas added value
The latest calculations conducted by the Research Center of the Islamic Consultative Assembly show that the added value of oil and natural gas has grown by 6.5%.
Demand for natural gas to increase by 32% by 2050
The Secretary General of GECF said: "Natural gas is not just a bridge to the future, but an integral part of it, and demand for this energy carrier is expected to increase by 32% by 2050."
Persian Gulf Holding’s Extraordinary Ordinary General Assembly was held
The Esteghlal Club held an extraordinary ordinary general assembly and approved the club's financial statements for the year ending July 31, 2024.
US announces readiness to implement sanctions against oil production in Iran
US Energy Secretary Chris Wright has announced that the Trump administration is prepared to impose sanctions on Iranian oil production. In an interview with Bloomberg on Monday, Wright said that during Trump’s first term, “Iranian oil exports have been reduced to a very limited level.”
Developing the country’s commercial ports based on a comprehensive plan
The head of the Ports and Maritime Organization, while announcing the latest status of Makran Port, said: "The capacity of the country's ports is about 295 million tons, but 80 million tons of this capacity is empty. To optimize the capacities, with the sharp vision of the Supreme Leader, the government and the Islamic Consultative Assembly have taken steps towards realizing sea-oriented development."
Preparations of Tehran region pipelines to supply Tehran with fuel during holidays
The director of the Tehran Regional Oil Pipelines and Telecommunications Company announced the complete readiness of this complex to supply fuel to Tehran Province and the northern half of the provinces during Nowruz, saying: "The necessary arrangements have been made to provide the petroleum products needed by the people and travelers during the Nowruz holidays."
Signing of a Memorandum of Understanding on Cooperation in Oil-Prone Areas and Exploration
The National Southern Oilfields Company and the Exploration Management of the National Iranian Oil Company signed a memorandum of understanding to cooperate in exploration, development, and production processes.
Transfer of shares in Persian Gulf Petrochemical Industries
The divestiture board made key decisions regarding the divestiture of shares in Persian Gulf Petrochemical Industries at its 430th meeting in the first week of March this year.
Exploitation of the first well of the infill project in South Pars
The CEO of South Pars Oil and Gas Company said: "The first well of the South Pars in-field drilling plan of 35 wells has been put into production with the aim of maintaining gas production from the field."
