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

150 million liters of smuggled fuel discovered in Hormozgan province

The Chief Justice of Hormozgan announced the discovery and acquisition of documents for more than 150 million liters of smuggled fuel in Hormozgan province that had been smuggled in previous years.

The record for liquid fuel delivery to power plants was broken in the 14th government

The CEO of the National Iranian Petroleum Products Refining and Distribution Company announced a 40 percent increase in the volume of fuel supply operations to power plants in the first 11 months of this year, saying: "The record of delivering 19.5 billion liters of petroleum products and furnace oil to power plants in the 97-year history of the National Iranian Petroleum Products Distribution Company is unparalleled."

Increase in the country’s peak electricity demand compared to last year

Peak electricity demand in the 49th week of this year reached 47,155 MW, an increase of 5.51% compared to the same period last year.

10,000 illegal miners discovered/We are trying to generate more electricity from thermal power plants

Maximizing the use of existing capacities is another program that is underway. There are nearly 93,000 megawatts of power plants in the country, and we are trying to bring this number closer to 100,000 megawatts, and we are also trying to generate more electricity from thermal power plants.

South Pars Gas Complex’s Efforts to Reduce Gas Flaring to Below 5 Million Cubic Meters

Referring to the government's emphasis on reducing gas flaring, the CEO of the Pars Special Zone Organization said: "The South Pars Gas Complex is implementing a 200 million euro project, and with the completion of this project, gas flaring will fall below 5 million cubic meters by the end of 2025."

Iran’s oil exports to China increase

The American news outlet reported that the flow of oil from Iran to China increased this month after traders overcame logistical obstacles caused by US sanctions.

Pezeshkian: Bilateral cooperation between Iran and Russia in the energy sector is positive

The President assessed the bilateral cooperation between Iran and Russia in the energy, industry, transportation, and trade sectors as very good and positive, and said: "The signing of the Comprehensive Strategic Cooperation Agreement between Iran and Russia is one of the most important manifestations of cooperation between the two countries."

Holding the First National Digital Oil Refinery Conference

The first national digital oil refinery conference and the second national idea show event were held by the Innovation and Entrepreneurship Center of the Abadan Petroleum Faculty in cooperation with the Abadan Oil Refining Company with the aim of introducing and improving the quality level of using artificial intelligence in the industry.

Collection of flare gases from East Karun by the end of the year

Referring to the project to collect gases from the East Karun flares by the Persian Gulf Bidblond Company, the CEO of the National Petrochemical Industries Company said: "By the end of this year, 14 flares from this project will be extinguished."

A meeting and consultation between the Minister of Economy and the President of the OPEC Fund was held

The Minister of Economy and Finance met and discussed with the head of the OPEC Fund on the sidelines of the annual conference on challenges and opportunities facing emerging economies in Saudi Arabia.

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