Gas consumption increases at the end of the week
The Deputy Minister of Oil for Gas Affairs said: "According to the predictions made on Thursday and Friday this week, gas consumption will peak, which shows the need for consumption management."
Tripartite Memorandum of Understanding for the Plan to Revive Closed and Low-Productivity Oil Wells
A tripartite memorandum of understanding for the implementation of the Note to Article 13 of the Economic Council's resolution for the plan to revive closed and low-yielding oil wells was signed between the Innovation and Prosperity Fund, the National Iranian Oil Company, and the Oil Industry Technology and Innovation Park.
Reduction in production of Iranian methanol producers
In 2024, all listed methanol producers experienced a decline in production.
Breaking News
Letter of 3 large manufacturing association to the president in support of the new currency decision
Cement Industry Employers’ Association, Petrochemical Industry Employers’ Association and Oil Refining Industry’s Employers’ Association as the country’s three largest associations in a letter to President Ayatollah Seyed Ebrahim Raisi called the government’s new foreign exchange measure a brave, wise decision and in line with the country’s national interests. . According to Energy Press, the text
The stock of fuel card and station equipment increased
The commercial director of the National Oil Products Distribution Company announced the collection of 50% of the claims related to the sale of fuel to airlines and the change in the method of selling fuel from credit to pre-purchase in the 13th government and said: by signing numerous contracts for the supply of cards and
We object to the price floor of five thousand tomans for petrochemicals feed formula/ the exchange rate of petrochemicals becomes 37500 tomans
Ahmad Mahdavi Abhari said: The exchange rate of petrochemicals is 37,500 tomans, feed, products and the currency of petrochemicals are also calculated based on the same exchange rate. According to Energy Press reporter, the decision to increase the feed rate of petrochemicals was canceled and the determination of the feed rate returned to the formula
Creating a 150 billion dollar opportunity in Iran’s petrochemical industry
The CEO of the National Petrochemical Industry Company said: About 150 billion dollars of investment opportunities are being provided in Iran’s petrochemical industry for the next 10 years. According to Energy Press, Morteza Shahmirzaei today (Monday, 13th of Shahrivar) during the signing ceremony of the memorandum of understanding for the provision of technical know-how and
When will urea producers’ demand of 45 thousand billion tomans from the government be paid?
The demands of Iranian urea producers have recently been registered in the government’s debt and obligations system, but it is still unclear when the government will pay its debt. According to Energy Press, Iranian urea producers demand 45 thousand billion tomans from the government. Recently, this claim has been registered in the government’s debt and
Determining the feed rate based on the formula increases profitability
The secretary general of the Iranian Investment Institutions Association emphasized the role of the Ministry of Economy and the Stock Exchange Organization in changing the feed rate of petrochemicals and said: Returning to the formula will lead to economic development through large companies with the ability to compete in global markets and increase the profitability
Favorable openings have been achieved in the sale of Iranian oil
The spokesperson of the Energy Commission of the Islamic Parliament said: Very favorable openings in the sale of Iranian oil have been achieved by relying on the knowledge, experience and follow-ups of the Minister of Oil and the group of the Ministry of Oil. According to Energy Press, Mustafa Nakhai, emphasizing that the Ministry of
25% increase in the supply of petrochemical products in the commodity exchange
The Secretary General of the Petrochemical Industry Employers’ Association, emphasizing that the foreign exchange of petrochemicals is still at the top of the country’s production companies, said: “The supply of petrochemical products in the commodity exchange has increased by 25% in the five months of this year compared to the same period last year, with
If the interests of the shareholders of Isfahan Refinery are not secured, we will complain to the inspection and the stock exchange
In a letter, the shareholders of Isfahan Refinery demanded to secure their interests. Yesterday, Energy Press investigated Sepahan oil stocks in a report that Isfahan Oil Refinery has decided to buy 33% of the company’s shares at a price of 150% more expensive, i.e. at a price of more than 23 thousand billion. This transaction
Was Ayatollah Khamenei’s prediction about the end of American oil wrong?
The oil revolution and actually hydraulic fracturing made America change from a dependent importer to a reliable producer. The anti-development thinking in the body of the Iranian oil industry is against the use of technology that transformed the oil future of the United States. According to the reporter of Energy Press, the prediction of the