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

Gasoline will not have three prices in Iran

The Deputy Minister of Oil said: The issue of three rates of gasoline is baseless and nothing in this format has been announced until today. Rather, non-price policies are on the government's agenda.

Iran’s electricity consumption increased by 6 thousand megawatts compared to last year

The CEO of Tavanir Company announced the increase of 6 thousand megawatts of electricity consumption in the country compared to last year.

The electricity of Iran’s industries will increase by 10%

CEO of Iranian Electricity Production, Transmission and Distribution Management Company (Tavanir) said: Based on the planning, we are trying to increase the energy delivered to industries by 10%.

Signing the contract for the development and operation of Changule square

The CEO of the National Oil Company said: "The contract for the Chengoleh oil field with an on-site reserve volume of 3.2 billion barrels of oil and the goal of daily production of 60 thousand barrels of oil will be signed soon."

Trading 60% of the electricity produced by power plants in the energy exchange

The Minister of Energy stated in the open floor of the parliament: According to the 7th development plan, it was decided that 60% of the electricity produced by the power plants will be sold in the energy exchange by the end of this plan, but I promise you, the members of the parliament, that this goal will be achieved by the end of June this year. The first year of implementation of the seventh program is realized.

60% increase in credit supply of petrochemical products in Iran

Gholami, the director of the development of downstream industries of the National Petrochemical Company, said: the credit supply of petrochemical products has increased by about 60% in the first 2 months of 2024 compared to the same period last year.

Bonus for introducing unauthorized miners in Iran

The CEO of Tawanir Company announced a significant increase in the reward for identifying and introducing unauthorized producers of cryptocurrency in the country.

The recent rains did not solve Iran’s water stress

Ghasem Zadeh, the spokesperson of the water industry, stated that the hydrological drought is still present in the country and said: 6 provinces of the country are currently facing water stress.

Two-month suspension of super gasoline supply in Iran

It has been nearly two months since the supply of super gasoline has been stopped throughout Iran.

Electric taxis on the way to Tehran

Tehran will gradually own 50,000 electric taxis through the agreement of the Tehran Municipality with China and the agreement of the Ministry of Security; The transportation package in the first stage is 27,000 taxis of the city of Tehran, which are supposed to gradually enter this fleet.