Showy MoUs Have Grounded Iran LNG Project

The Iran LNG project, which began in the 1980s with the aim of making Iran a major player in the global liquefied natural gas market, is now facing numerous technical and economic challenges. Despite the signing of a new memorandum of understanding between the Iranian Natural Gas Liquefaction Company and the Petroleum Industries Engineering and Construction Company, experts believe that without cooperation with Western companies, the implementation of the project will be impossible.

Iranian shipping giant brought to its knees; Asadollah Imamjuma and his son placed on US blacklist

The Trump administration has sanctioned the Iranian shipping giant in new, draconian sanctions against Iran's oil and gas sales.

Energy self-sufficiency in the petrochemical industry; Persian Gulf Holding’s multi-billion dollar step in developing solar power plants

Persian Gulf Holding, with its massive $2 billion plan to build a 5,000-megawatt solar power plant, is seeking self-sufficiency in energy supply and reducing dependence and pressure on the national grid.

Breaking News

Government Spokesperson: Iran’s Oil Exports Cannot Be Stopped

The government spokesman, noting that the Ministry of Oil is one of the most important ministries on the front lines of sanctions, wrote on the X social network: "Iran's oil exports cannot be stopped."

The quality of gas delivered to the country is high and complies with standards

Gas production in the country's gas refineries and the quality of gas delivered to various consumer sectors comply with strict international standards.

Sufficient fuel has been stored for Nowruz

The CEO of the National Iranian Petroleum Products Distribution Company said: "Sufficient fuel has been stored in oil depots to provide the desired fuel supply for Nowruz, and we will not have a shortage in this regard during the upcoming holidays."

South Azadegan crude oil processing unit launched

The CEO of the Petroleum Engineering and Development Company announced the round-the-clock efforts of the executive groups to launch the first section of the crude oil processing unit of the South Azadegan Joint Field, saying: "This unit will soon enter production."

Fuel supply for vehicles continues to be done through a smart system

The CEO of the National Iranian Petroleum Products Distribution Company emphasized the supply of gasoline and oil and gas through the smart fuel system platform and said: "Study work on a new plan for refueling through the banking network is underway and will be implemented if approved by the Cabinet of Ministers."

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.”