Meet Hengam Petrochemical, Iran’s newest urea producer

Meet Hengam Petrochemical, Iran’s newest urea producer

Located in the heart of the South Pars energy region, Hengem Petrochemical has not only become one of the largest producers of ammonia and urea in the country, but also, with the completion of its new phases, is ready to play a more important role in Iran's food security and foreign exchange earnings.

The dark fleet of Iran, Russia and Venezuela has reached nearly 1,000 ships

The dark fleet of Iran, Russia and Venezuela has reached nearly 1,000 ships

Bloomberg reported in a new report that nearly 978 tankers are operating in the so-called “dark fleet,” a network that supports oil exports from Iran, Venezuela and Russia and accounts for about 19 percent of the global fleet. The data comes as a large tanker was seized near Venezuela, which was previously under U.S. sanctions for its involvement in transporting Iranian oil.

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53% of the country’s cars are worn out

53% of the country’s cars are worn out

The CEO of the National Petroleum Products Distribution Company said: "Vehicle wear and tear is the main factor in high gasoline consumption and air pollution. The CNG fuel development plan has been put on the agenda as one of the solutions to reduce gasoline consumption and air pollution."