11 billion dollar project with an empty account; Dangerous game of banks in Azadegan oil field

The last condition of Mohsen Paknejad for the implementation of the Azadegan oil field contract is to deposit 800 million dollars to the account of Dasht Azadegan Arvand Company. A condition that banks have been unable to fulfill until today.

Refining and Distribution CEO: Technological opportunities in the refining industry are vast; the move towards data-driven management is gaining momentum

The CEO of the National Iranian Petroleum Products Refining and Distribution Company, emphasizing the move towards data-driven management and smart fuel chain, said: "The opportunity for technological and data-driven work in the refining and distribution industry is very broad. What is important in this path is the right direction, prioritizing issues, and defining effective cooperation models."

Getting to know Iran’s petrochemical holdings; this part of the Persian Gulf

Persian Gulf Petrochemical Industries Holding, as the second largest petrochemical holding in the Middle East and the largest player in this industry in Iran, plays a key role in meeting domestic needs and the international standing of this industry, with more than one-third of the nominal capacity of the country's petrochemical industry.

Breaking News

Iran is a safe option for Turkmen gas exports

The Turkmenistan-Iraq gas agreement for annual exports of 10 billion cubic meters via Iran reflects Iran's strategic role in transiting Turkmen gas, especially to Europe.

Latest news on the progress of the Isfahan Oil Refinery RHU project

Following the publication of some incorrect news regarding the suspension of Isfahan Oil Refining Company projects, the Public and International Relations Department of Isfahan Petrorefining Company provided explanations in this regard in order to clarify the matter.

Actions of the Parliament’s Energy Commission in Resolving the Electricity and Gas Imbalance

The head of the Energy Commission of the Islamic Consultative Assembly presented a report on the commission's actions in resolving the imbalance of electricity and gas and supplying fuel to power plants at a meeting of the commission, which was held in the presence of the speaker of the Islamic Consultative Assembly and the ministers of oil and energy.

Official selling price of Iranian oil in January 2025

According to the National Iranian Oil Company, the price of Iranian light oil in January 2025 for supply to the Asian market will be $1.35 higher than the base price (Oman/Dubai crude oil price).

Significant increase in liquid fuel deliveries to power plants in the last 4 months

The significant increase in the production and delivery of liquid fuel in the last four months, with careful and strategic management, has allowed the cold days of this year to pass with a stable supply of power plant fuel, without serious challenges in the country's energy supply.

Producing gasoline from methanol ruled out

Not long ago, Iranian methanol producers raised the issue of producing gasoline from methanol.

Product production at Bushehr Petrochemical reached 3 million tons

In the first 9 months of this year, Bushehr Petrochemical succeeded in producing about 3 million tons of various petrochemical products and more than 547 million cubic meters of ancillary services.

Using petrochemical capacity in the campaign to reduce gas consumption by 10 percent

A memorandum of understanding was signed between the National Petrochemical Industries Company and Zagros Petrochemical Company to use the capacity of this petrochemical company in a campaign to reduce gas and electricity consumption by 10 percent in the domestic and commercial sectors.

Khark Oil Terminal plays a vital role in achieving the oil industry’s major goals

Emphasizing the strategic position of the Kharg Oil Terminal, the CEO of the Iranian Oil Terminals Company introduced transformation and innovation as the company's main strategies, and considered special attention to human resources as the key to development and improving productivity.

Providing $23 billion from the National Development Fund for 60 oil and gas projects

The chairman of the National Development Fund's executive board said: "The Economic Council has passed a resolution to increase oil production by 250,000 barrels per day, which the Fund is participating in financing."

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