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

Refueling is now possible with a bank account

The CEO of the National Petroleum Products Refining and Distribution Company said: "We hope that within the coming months, in coordination with the Central Bank, the Ministry of Economy, and the Non-Operational Defense Organization, we will be able to implement a new refueling model based on the bank accounts of car owners."

Immigration has left Iran’s oil industry devoid of skilled workers

Experts, technicians, and oil workers have turned to immigration due to inadequate working conditions, salaries in the Persian Gulf countries being ten times higher than in Iran, and ineffective parliamentary policies.

Drilling of a gas well in Khanqiran completed

The drilling of the 79th Khanqiran development well in Khorasan Razavi Province was successfully completed with the efforts of the Technical Affairs Management of the Central Iranian Oil Company.

78% of the country’s delivered gas is consumed in the domestic sector

A spokesman for the National Iranian Gas Company announced that 78 percent of the total gas delivered to the national network was consumed in the domestic, commercial, and small industrial sectors as the weather got colder, saying: "675 million cubic meters of gas were consumed in this sector yesterday."

Announcement of the official selling price of Iranian oil in March

According to the National Iranian Oil Company, the price of Iranian light oil in March 2025 for Asian customers has increased for the second consecutive month and will be offered about $4.5 above the base price (Oman/Dubai crude oil price).

The third meeting of the special headquarters for energy imbalance management was held

The Deputy Chairman of the Industries and Mines Commission of the Islamic Consultative Assembly referred to the holding of the third meeting of the special headquarters for energy imbalance management and said: "In this meeting, issues such as fuel smuggling, electricity theft, and problems resulting from the lack of an energy measurement unit were examined."

77% of total natural gas was consumed in the domestic sector

A spokesperson for the National Iranian Gas Company announced the consumption of 660 million cubic meters of gas in the domestic, commercial, and small industrial sectors yesterday.

Iran’s petrochemical industry exports reach $12 billion

The CEO of the National Petrochemical Company said: The total amount of exports from the petrochemical industry in the first 11 months was about $12 billion, of which $9.14 billion was supplied, which is almost equal to the amount of foreign exchange supplied in the 11 months of last year.

60% of Tehran subscribers consume twice as much water as the established pattern

The CEO of Tehran Province's Water and Wastewater Company called on citizens to reduce their consumption by 20%, given the 45% decrease in rainfall.

Record delivery of more than 6 billion cubic meters of natural gas in the country

Last week (March 24-29), 6.48 billion cubic meters of natural gas were produced and delivered to the national network, of which 4.568 billion cubic meters were consumed in the domestic, commercial, and small industrial sectors, with a daily average of about 653 million cubic meters.

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