Meet Hengam Petrochemical, Iran’s newest urea producer

Located in the heart of the South Pars energy region, Hengem Petrochemical has not only become one of the largest producers of ammonia and urea in the country, but also, with the completion of its new phases, is ready to play a more important role in Iran's food security and foreign exchange earnings.

The dark fleet of Iran, Russia and Venezuela has reached nearly 1,000 ships

Bloomberg reported in a new report that nearly 978 tankers are operating in the so-called “dark fleet,” a network that supports oil exports from Iran, Venezuela and Russia and accounts for about 19 percent of the global fleet. The data comes as a large tanker was seized near Venezuela, which was previously under U.S. sanctions for its involvement in transporting Iranian oil.

Getting to know Iran’s petrochemical companies; this is Kimia Pars Middle East

Kimia Pars Middle East Company, one of the important players in Iran's petrochemical industry, has achieved an influential position in recent years in the fields of foreign exchange earning, sustainable production, and development of global markets, relying on methanol production and 100% export of its products.

Breaking News

Iran’s urea price rises in global markets

Iranian urea export prices for January loading have increased to $307 per ton on a FOB basis, compared to $303-$304.5 per ton previously.

Development of the 400 kV Fajr Energy Persian Gulf substation at the terminal station/increasing energy transmission from Bafjar to industries and the national grid

The 400 kV substation development plan, which is the first part of Fajr Company's recent development plans and is intended to increase the capacity of electricity transmission to requesting industries and the national grid, has reached 81 percent progress.

Reasons for the failure of the sanctions on Iran’s oil fleet

The second Trump administration is seeking to impose sanctions on 35 companies and ships to increase pressure on Iran, but experts believe that market conditions and the lack of support from China and Arab countries will prevent this from happening.

The need for cooperation between all sectors to optimize consumption and invest in increasing gas production

Explaining gas supply in imbalanced conditions, the CEO of the National Iranian Gas Company said: "To deal with energy imbalance, the two wings of "consumption optimization" and "investment to increase production" must be considered together."

Fuel smuggling ads hit cyberspace

Everything can be found in cyberspace, from Iranian crude oil exports to gasoline, diesel, fuel oil, and liquefied petroleum gas. Since there is insufficient monitoring of the purchase and sale of fuel in cyberspace and its sources of supply, it seems that traces of smuggling can be seen in online fuel sales.

Energy consumption in public sectors should reach 50% of current consumption

Stating that we are determined to correct imbalances, the First Vice President said: "The energy consumption of government agencies must be halved."

Iran, the largest methanol exporter in the West Asian region

Methanol, as a product based on natural gas feedstock, accounts for a significant share of the production and export of the country's petrochemical industry products.

50% increase in gasoline consumption over 5 years / Increasing prices will not solve the problem

An energy expert said: "The energy imbalance in the country is increasing every year, such that gasoline consumption has increased by 50 percent in five years, and a similar situation exists in other energy carriers. It seems that in these circumstances, an energy ministry should be established."

Some of the gasoline consumed by cars in the country is not standardized

The head of the Environmental Protection Agency pointed out the role of substandard gasoline in air pollution and said: "Some of the gasoline consumed by mobile sources, including cars, does not comply with the national standards approved by the National Standards Organization."

Will $87 billion in lost rig money be returned to Iran?

It might not be wrong to claim that the 1990s were one of the most corrupt decades in Iran's oil history. The decade in which the massive Petrochemicalgate corruption scandal was revealed was close to the same years in which the issue of missing oil rigs became a subject of black satire.