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

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."

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.