Getting to know Iran’s petrochemical holdings; this is Parsian Oil and Gas

Parsian Oil and Gas Petrochemical Holding is one of the major players in the country's petrochemical industry, which, with about 20 percent of Iran's production capacity and complexes such as Pardis and Zagros, has earned the title of the country's largest urea producer and one of the most important methanol producers in the Middle East.

$700 million in gasoline savings by expanding ridesharing

Hossein Mirafazli, an energy expert, says: If only 10 percent of intracity trips are shared, about two million liters of gasoline will be saved daily, which is equivalent to more than $700 million in annual savings for the Iranian economy.

Getting to know Iran’s petrochemical holdings; this is Petroculture’s episode

Petrofarhang Holding, the economic arm of the Farhangian Reserve Fund, has been able to consolidate its position as one of the main players in Iran's petrochemical industry in recent years, focusing on methanol production and developing petrochemical projects, and has emerged from losses with significant growth in production and profitability.

Breaking News

‏Ghalibaf: 25 to 30 million liters of petroleum products are smuggled out of the country daily

The Speaker of the Islamic Consultative Assembly, Mohammad Baqer Qalibaf, emphasized the organized smuggling of petroleum products and the inefficiency in implementing the Seventh Development Plan, calling for national determination and serious measures to solve these problems.

Dimensions of the fuel smuggling crisis in Iran

The smuggling of millions of liters of diesel per day has caused numerous problems in the country, including blackouts and waste of government resources and subsidies.

We are trying to update the standards of the oil industry/We must achieve state-of-the-art technology

The head of the Process Engineering Group of the Technical Standards and Regulations Department of the General Directorate of the Technical, Executive and Evaluation System of the Engineering, Research and Technology Department of the Ministry of Oil said: "To become an energy hub in the region, we must achieve world-class technology so that we can compete with companies such as Aramco and Qatar Petroleum."

Armenia’s electricity exports to Iran increase

According to the decision of the Armenian government, the country's electricity export capacity to Iran will increase from 350 MW to 1,200 MW, which could also help Iran's electricity grid.

Iran halts gas exports to Iraq

The Iraqi Ministry of Electricity announced that the country has lost 5,500 megawatts of electricity following the cessation of Iranian gas exports to Iraq.

Experts’ opinion on resolving the gasoline imbalance in Iran

The most important challenges of energy imbalance, centered on "gasoline", were examined in a meeting of economic experts, and emphasis was placed on governance reform and infrastructure development and modernization.

Modernizing the public transportation fleet plays a major role in resolving the gasoline imbalance

A member of the presiding board of the Energy Commission of the Islamic Consultative Assembly pointed out the role of worn-out vehicles in the imbalance of gasoline and air pollution and said: "Now is the time to take a more serious look at the issue of diversifying the fuel basket, scrapping worn-out vehicles, introducing electric vehicles, and optimizing consumption."

Petrofarhang Holding’s commitment to enter downstream petrochemical industries

The CEO of the Farhangian Reserve Fund emphasized Petrofarhang Holding's efforts to enter the downstream petrochemical industries and other profitable fields.

We are facing an 18,000 megawatt electricity imbalance/We do not want to say under what circumstances we took over the government

The Ministry of Oil's request for investment in the Foruzan Joint Oil Field Development Plan was discussed and reviewed at the Economic Council meeting.

Increasing renewable energy capacity to more than 1,800 megawatts

Deputy Minister of Energy Tarz Talab announced an increase of 500 megawatts in the capacity of renewable power plants by the end of this year, adding: "The capacity of new energies in the country will increase to more than 1,800 megawatts this year."