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.
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Developing the country’s commercial ports based on a comprehensive plan
The head of the Ports and Maritime Organization, while announcing the latest status of Makran Port, said: "The capacity of the country's ports is about 295 million tons, but 80 million tons of this capacity is empty. To optimize the capacities, with the sharp vision of the Supreme Leader, the government and the Islamic Consultative Assembly have taken steps towards realizing sea-oriented development."
Preparations of Tehran region pipelines to supply Tehran with fuel during holidays
The director of the Tehran Regional Oil Pipelines and Telecommunications Company announced the complete readiness of this complex to supply fuel to Tehran Province and the northern half of the provinces during Nowruz, saying: "The necessary arrangements have been made to provide the petroleum products needed by the people and travelers during the Nowruz holidays."
Signing of a Memorandum of Understanding on Cooperation in Oil-Prone Areas and Exploration
The National Southern Oilfields Company and the Exploration Management of the National Iranian Oil Company signed a memorandum of understanding to cooperate in exploration, development, and production processes.
Transfer of shares in Persian Gulf Petrochemical Industries
The divestiture board made key decisions regarding the divestiture of shares in Persian Gulf Petrochemical Industries at its 430th meeting in the first week of March this year.
Exploitation of the first well of the infill project in South Pars
The CEO of South Pars Oil and Gas Company said: "The first well of the South Pars in-field drilling plan of 35 wells has been put into production with the aim of maintaining gas production from the field."
Domestic gas consumption reaches 65 percent
Gas consumption in the domestic, commercial, and industrial sectors is over 550 million cubic meters, accounting for 65 percent of the total gas delivered to the national network.
The seizure of Iranian tankers is not true
The Foreign Ministry spokesman described the claims made by Reuters news agency about stopping Iranian tankers as a form of production or dissemination of untrue, false, or biased news, and said: "There is no basis for any action against free trade and commercial ships of countries in open waters."
Crisis in offshore facilities; protest rally in front of the oil pension fund
Continuing this situation will destroy the livelihoods of offshore facility workers, accelerate the exodus of specialists, and spell a bleak future for Iran's largest offshore company.
The Oil Legacy of the 13th Government: Null Contracts
The 13th government, with its plethora of oil promises and grandiose contracts, left behind a record full of failures and broken promises. From the $40 billion memorandum of understanding with Russia's Gazprom to the €9 billion Shahid Soleimani refinery project, none of them were completed.
Water shortage warning; critical condition of dam reserves
The spokesperson for the country's water industry reported a 41 percent decrease in rainfall compared to the long-term average and a sharp drop in dam reserves in some areas, and warned of a water crisis in provinces with low rainfall.
