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

Domestic gas consumption reaches 65 percent

Gas consumption in the domestic, commercial, and industrial sectors is over 550 million cubic meters, accounting for 65 percent of the total gas delivered to the national network.

The seizure of Iranian tankers is not true

The Foreign Ministry spokesman described the claims made by Reuters news agency about stopping Iranian tankers as a form of production or dissemination of untrue, false, or biased news, and said: "There is no basis for any action against free trade and commercial ships of countries in open waters."

Crisis in offshore facilities; protest rally in front of the oil pension fund

Continuing this situation will destroy the livelihoods of offshore facility workers, accelerate the exodus of specialists, and spell a bleak future for Iran's largest offshore company.

The Oil Legacy of the 13th Government: Null Contracts

The 13th government, with its plethora of oil promises and grandiose contracts, left behind a record full of failures and broken promises. From the $40 billion memorandum of understanding with Russia's Gazprom to the €9 billion Shahid Soleimani refinery project, none of them were completed.

Water shortage warning; critical condition of dam reserves

The spokesperson for the country's water industry reported a 41 percent decrease in rainfall compared to the long-term average and a sharp drop in dam reserves in some areas, and warned of a water crisis in provinces with low rainfall.

852 million cubic meters of natural gas were delivered to the national grid

A spokesman for the National Iranian Gas Company announced the delivery of 852 million cubic meters of natural gas to the national network yesterday.

Billions in savings achieved in South Pars Gas Complex with domestic production

The CEO of the South Pars Gas Complex announced savings of 4 trillion rials as a result of the manufacturing of strategic parts and equipment by domestic companies.

Bloomberg: Iran’s oil sales to China have slowed

Successive rounds of sanctions against companies and tankers allegedly helping Tehran have finally slowed Iranian oil sales to China.

Iraq’s exemption from importing gas from Iran revoked; Baghdad searches for a new alternative

The cancellation of Iraq's exemption from importing gas from Iran and the end of Iraq's electricity sector's dependence on Tehran will provide a good opportunity for the GCC countries to participate in Iraq's energy sector.

Details of the $17 billion South Pars Pressure Boosting Project Contract

Today, the National Iranian Oil Company signed one of the largest contracts in the history of the oil industry with Petropars, Khatam al-Anbia Construction Headquarters, OIC, and MAPNA, worth approximately $17 billion.