Bandar Imam becomes the giant of Iran’s petrochemical paper projects

Bandar Imam Petrochemical, the beating heart of the downstream chain of Iran's petrochemical industry, is currently facing a $1.4 billion project; a project that, in relation to the company's 8 trillion tomans profit, has raised serious questions about the economic logic, financing method, and the silence of Persian Gulf Holding.

harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies

The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.

A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil

Shamal Drilling Company, the exploratory drilling contractor in the Caspian Sea, announced an increase of 25% of the initial contract amount in some contract cases with the Caspian Oil Company.

Breaking News

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.

Gasoline imports handed over to the private sector

Regarding the latest status of importing super gasoline by the private sector, the CEO of the National Petroleum Products Refining and Distribution Company said: "With the coordination made with the Ministry of Economy, it will soon be possible to issue licenses to the private sector."

9 capital projects approved in Karun oil and gas

The head of planning at Karun Oil and Gas Exploitation Company announced the approval of nine capital projects in the company, estimated at around one trillion tomans in 1403.

Bilateral cooperation agreement between the National Iranian Gas Company and the Ministry of Communications to solve the problem of energy imbalance

The Deputy Minister of Oil for Gas Affairs emphasized: For better management of energy resources, cooperation between the government, parliament, and the private sector can also help create effective solutions to solve energy imbalance problems.

Increasing consumption of refined products despite the upward trend in production over the past ten years

With the growth and development of domestic knowledge-based companies, 85 percent of the refining industry's equipment is now domestically manufactured, and in a refinery overhaul operation, up to 25,000 parts are sometimes replaced.

Preventing a decline in oil production in the oil-rich areas of the south

The CEO of Karun Oil and Gas Exploitation Company announced the company's successful implementation of hot tapping and branching operations on the wall of the gravity-fed reservoir for the first time in the southern oil-rich areas, preventing a daily reduction of 80,000 barrels of oil production.

73% of the country’s natural gas was consumed in the domestic sector

A spokesperson for the National Iranian Gas Company announced that 73 percent of the total natural gas delivered to the national network is consumed in the domestic, commercial, and small industrial sectors.

Increasing gas supply to power plants during cold days this year

The early onset of cold weather and the cold winter caused numerous records to be set in gas consumption in the domestic and commercial sectors, however, statistics show that gas delivery to power plants in the months of December, January, and February has been on the rise despite the increase in subscribers.

The collapse of industry, the rise of oil; how did Iran’s economy get caught in a vicious cycle?

Nili warns that if no solutions are found, large industrial enterprises will also shrink within the next 10 years.

A record of 106 million cubic meters of gas production was recorded in the country

Raw gas production exceeded 1,100 million cubic meters in the last days of February, and with the production of 1 billion and 106 million cubic meters of raw gas in one night, a new record was set in the country's gas production.

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