Historic overhaul in Shazand, disruption in supply, and new hope for Sharak shareholders

Shazand Petrochemical Company will enter one of the largest overhauls in the last decade on June 7th; at the same time, disruptions in land transportation have challenged the complex's feedstock and affected production and sales; but perhaps the most promising news for shareholders is the reform of the feedstock pricing method starting in July.

Even with the shutdown of industries, domestic gas is running low!

An energy expert warned about a sharp decline in gas production in the country, emphasizing that without immediate investment of up to $70 billion in gas fields, Iran's gas production will drop to 500 million cubic meters per day within 3 to 5 years, while domestic consumption in the winter will reach 650 to 700 million cubic meters.

Kermanshah Petrochemical: From gas shortage to production surge; urea and ammonia hit record highs

Kermanshah Petrochemical started 2025 with a significant jump in production; the more than doubling of ammonia and urea production in the first two months of this year compared to the same period last year has put this complex on the path to establishing its position in the methane value chain.

Breaking News

Gasoline shortage crisis waiting for Iran’s 14th government?

Masoud Pezeshkian takes over the government while we have to import two billion dollars of gasoline this year. Expensive Russian gasoline will be the biggest challenge of the 14th government.

Achievements of the 13th government of Iran with an extraterritorial refinery

One of the achievements of the 13th government in the field of oil is related to the issue of offshore refineries; An issue that has been accompanied by many commotions in recent months and is trying to instill the lie that Iran has acquired part of the shares of foreign refineries.

What percentage of Iran’s dam capacity is empty?

Currently, despite 31 billion and 190 million cubic meters of water stored in the country's dams, 60% of the capacity of the reservoirs is full and 40% of this capacity is empty.

Provinces with high electricity consumption were announced

The deputy of distribution coordination of Tavanir Company announced the increase in electricity consumption due to the warmer weather.

Pre-registration of the 18th Iran Plast International Exhibition has started

Pre-registration for the 18th Iran Plast International Exhibition will officially start on July 22, 2024.

The first train from Iran goes to China

The spokesperson of the National Security and Foreign Policy Commission of the Parliament, referring to the report of the Deputy Minister of Economic Diplomacy of the Ministry of Foreign Affairs, said in today's meeting of this commission: "According to Mr. Safari's words, FATF does not hinder the economic work of the country; Also, tomorrow the first train from Iran will go to China.

Tawanir’s CEO’s warning to customers who abuse electricity

Mustafa Rajabi Mashhadi, CEO of Tovanir Company, said: Household customers who consume electricity without any procedural changes should reduce their consumption, and if we have a problem with stable electricity supply, this group of abusive customers will be the first to cut off electricity.

Closure of steel production due to electricity restrictions

In a letter to the Ministry of Energy, while criticizing the non-implementation of the Fimabin agreements, the Steel Manufacturers Association announced: Since July 10, due to severe electricity restrictions, the country's steel production has almost stopped.

The statement of the Ministry of Petroleum about the damaged oil tankers off the coast of Singapore

The collision of two oil tankers near the coast of Singapore occurred while some media reported that the cargo of one of these oil tankers was two million barrels of Iranian crude oil, but the Ministry of Petroleum stated that none of the damaged oil tankers were related to Iran and none of them were carrying oil. They were not raw from Iran.

The electricity of high consumption offices will cut off

The Minister of Energy said: "The government's emphasis has always been that the consumption management programs should start from the government departments, and according to this, the distribution companies are obliged to cut off the electricity of those departments that do not reduce their electricity consumption."