From reckless policymaking to official warning to petrochemicals; Iran’s propylene market at risk

Despite the special capabilities in developing the propylene value chain, due to excessive licensing and lack of sound policymaking by the National Petrochemical Company, this market is becoming saturated and is on track to suffer a similar fate to methanol production units.

Get to know one of the most modern refineries in Iran, Bandar Abbas Oil Refinery

Bandar Abbas Oil Refining Company, as one of the 10 largest refineries in the country, plays a key role in providing Iran with the energy and products it needs. The refinery was built on an area of about 770 hectares, 20 kilometers west of Bandar Abbas city and on the northern shore of the Persian Gulf, and went into operation in 1997 with an initial capacity of 232,000 barrels per day.

Iran’s electricity is caught in false pricing; power plants don’t even cover their maintenance costs

The CEO of Jamco said: "The electricity economy in Iran is paralyzed; power plants are not even making ends meet for their repairs, let alone building new ones." He warned that incorrect electricity pricing has caused investors to flee the sector and that the electricity imbalance is deepening every year.

Breaking News

New statistics of empty reserves of power plants compared to previous years

You can see the empty power plant reserves according to statistics in the infographic below.

The naval fleet of Caspian Oil is being modernized

The CEO of Khazar Oil Company announced the start of executive planning for the reconstruction and modernization of the company's marine fleet.

Complete preparation of the equipment and facilities of the transmission industry in the condition of product mismatch

The CEO of the Oil Pipelines and Telecommunications Company announced the connection of four new power plants to the country's oil and product pipeline network by the end of this year and said: All lines and oil transmission centers of this company are fully prepared for entering the cold season.

The Minister of Energy demanded to reduce energy consumption in the Ministry of Energy

The Minister of Energy ordered the companies and departments under the Ministry of Energy to reduce their water, electricity and gas consumption compared to the same time last year.

behind the scenes of power outages; From empty fuel tanks to illegal export of diesel fuel in the 13th government

Following the recent blackouts, the government announced the main reason for the power outage was the challenge in supplying liquid fuel to the power plants, early cold and the stoppage of fuel oil burning, but some officials of the previous government claimed that the main reason was a sharp decrease in diesel reserves. This is while the statistics show that in the last months of its activity, despite the reduction of liquid fuel reserves, the previous government has suspiciously exported diesel on a large scale.

The need to use artificial intelligence in the country’s product distribution chain to manage fuel consumption

The head of research and technology at the National Iranian Petroleum Products Distribution Company emphasized the need to apply artificial intelligence technology in all infrastructures and the country's product distribution chain in order to manage fuel consumption and prevent disruptions and errors, saying: "This company is ready to cooperate with all domestic experts and private companies to build and utilize artificial intelligence technology."

Increase in electricity consumption compared to last year

According to the report of the Performance Analysis Group and Management Reports of the National Electricity Network, peak electricity demand in the thirty-fourth week of this year reached 48,650 MW, an increase of 7.4% compared to the same period last year.

Increased gas extraction from Phase 11 of South Pars

The CEO of Pars Oil and Gas Company announced the increase in daily gas production from Phase 11 of South Pars and said: "The seventh well of the development plan of this phase has entered orbit."

Consequences of renewed sanctions on Iranian oil

According to experts, the possibility of repeating the policy of maximum pressure on the Iranian oil market has not been successful, and its repetition in his second term will have negative consequences for the country's national economy as well as its allies.

Signing of a Memorandum of Understanding between the Southern Oil-Prone Areas and the Khatam al-Anbiya Base

The National Southern Oil Fields Company and the Khatam al-Anbiya Construction Headquarters signed a memorandum of understanding to participate in projects in the field of information and communication technology.

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