Iran with 37 gas fields; still dreaming of getting rid of imbalance

Despite having the world’s second-largest gas reserves, Iran continues to grapple with an energy imbalance. The country’s numerous gas fields are either underdeveloped or lagging behind in the competition for extraction from shared fields. While gas exports could become a regional lever of power, Iran has a tiny share of the global market. If this trajectory is not corrected, even meeting domestic demand will be challenged in the coming winters.

Oil Minister: Aggression against energy-producing countries is a threat to global stability

Stating that aggression against energy-producing countries is a violation of international law and a threat to global stability, the Minister of Oil said: "The energy industry, and especially oil, in today's interconnected world, needs peace and stability to play its role in promoting national, regional, and global prosperity."

Iran becomes OPEC’s second largest refiner

With a refining capacity of 2 million 237 thousand barrels per day and a 16% share in OPEC, Iran ranks second among the countries of this organization, and it also accounts for 2.1% of the world's refining capacity.

Breaking News

Daily gas extraction from South Pars Phase 11 increased

Daily gas extraction from Phase 11 of South Pars has increased by 60 percent in the first 10 months of the 14th government, from 12 million cubic meters to 20 million cubic meters.

Two petrochemical companies receive €60 million in financing from Mubadala Center

The subscription of foreign exchange Murabaha bonds of two petrochemical companies, Soroush Mahestan Asaluyeh and Negin Mahestan Kangan, each worth 30 million euros, was successfully completed at the Iranian Currency and Gold Exchange Center.

The Ministry of Oil’s determination to attract capital and facilitate economic processes in the country

The Deputy Investment Director of the National Iranian Oil Company emphasized that with the Economic Council's resolution on facilitating the conditions for concluding contracts and implementing upstream oil and gas contracts, the time required from the stage of receiving the investor's proposal to concluding the contract will be significantly reduced, saying: "These measures demonstrate the determination of the Ministry of Oil to attract capital and facilitate economic processes in the country."

Unregulated increase in contractors is leading the oil industry to its death

The unprecedented growth of outsourcing in Iran's oil industry is a wake-up call that experts consider a threat to the safety and productivity of the industry. Referring to the outsourcing of activities in this area, Shahriar Aghaei, a member of the Board of Directors of the Oil Fund, said that due to the lack of adequate supervision and the nature of contractors who seek greater economic benefits, safety issues in the workplace are less addressed, which results in numerous accidents in the oil industry.

Iran’s heavy oil transportation capacity increased

The Deputy Director of Operations in the Production Management of the National Southern Oilfields Company said: "With the operation of the newly constructed 30-inch line for transporting light oil from the West Karun fields, the 36-inch Ahvaz-Omidiyeh export pipeline has once again been dedicated to transporting heavy oil."

Water Spokesperson: There is water stress in 23 provinces of the country

An official said: "Based on available statistics and information, the total rainfall as of June 16 was 143 millimeters, which should have reached 239 millimeters, which represents a 40 percent decrease in rainfall."

Government incentives for the development of solar energy

According to the Trade Development Organization's circular, raw materials for solar panel production lines are subject to percentage clearance only for production units holding a license to build solar power plants.

Russia to build 8 nuclear power plants in Iran

The head of the Atomic Energy Organization said that we have an agreement with Russia to build 8 power plants in Iran, 4 of which will be in Bushehr.

Power plant gas consumption exceeds 281 million cubic meters

A review of gas consumption statistics from June 10 to 16 shows that the average daily gas consumption of power plants exceeded 281 million cubic meters and reached its highest level on June 12 with a consumption record of more than 287 million cubic meters.

Two opposing narratives about the CNG industry: a 7 million cubic meter reduction in consumption and the closure of stations in the shadow of officials’ denial!

Recently, there has been news of CNG stations being closed in the country, the statistics of which were announced by members of the CNG Industry Association, but the director of CNG projects in the country says that no stations have been closed.