Showy MoUs Have Grounded Iran LNG Project

The Iran LNG project, which began in the 1980s with the aim of making Iran a major player in the global liquefied natural gas market, is now facing numerous technical and economic challenges. Despite the signing of a new memorandum of understanding between the Iranian Natural Gas Liquefaction Company and the Petroleum Industries Engineering and Construction Company, experts believe that without cooperation with Western companies, the implementation of the project will be impossible.

Iranian shipping giant brought to its knees; Asadollah Imamjuma and his son placed on US blacklist

The Trump administration has sanctioned the Iranian shipping giant in new, draconian sanctions against Iran's oil and gas sales.

Energy self-sufficiency in the petrochemical industry; Persian Gulf Holding’s multi-billion dollar step in developing solar power plants

Persian Gulf Holding, with its massive $2 billion plan to build a 5,000-megawatt solar power plant, is seeking self-sufficiency in energy supply and reducing dependence and pressure on the national grid.

Breaking News

Gasoline should not be rationed except in cases of war

A member of the Energy Commission of the Iranian Parliament said: Maybe someone does not want to own a car or does not have a license or prefers to use a public vehicle, so there is no need to allocate fuel to people.

Spokesperson of Iran's Ministry of Foreign Affairs:

Kuwait’s claims about Arash Square are unfortunate

In response to the repetition of Kuwait's unilateral claim about Arash Square in the final statement of the Emir of Kuwait's visit to Egypt, the spokesperson of the Ministry of Foreign Affairs rejected this claim and added that the repetition of these unilateral and baseless claims by the Kuwaiti side is regrettable.

Will this summer’s power outage in Iran lead to a blackout?

The CEO of Tavanir Company said: "At the beginning of the government, the demand figure was about 14,000 megawatts. The forecast is that this year we will reach about 10,000 to 11,000 megawatts with the measures that are being taken."

Babak Zanjani’s execution sentence was overturned

The judiciary announced the violation of Babak Zanjani's execution sentence.

The fuel card of which cars will be removed?

In a letter to the Minister of Roads and Urban Development, the Minister of Economy requested not to allocate fuel quota to gasoline cars and motorcycles without third-party insurance policies with more seriousness and force.

Drilling 8 new wells in southern Iran

Iran's National Drilling Company drilled eight oil wells in the operational area of the southern oil-rich areas in April this year.

Iran’s potential in extracting cryptocurrency from flare gas

Using flare gas in Iran to produce cryptocurrency, on the one hand, prevents the wastage of national capital, and on the other hand, helps to circumvent sanctions

The plan to supply feed to Iran’s petrochemicals from Karun’s torch gases

The CEO of the National Petrochemical Industry Company said: All the burners in East Karun will be collected by the Bidbland Refinery in the Persian Gulf this year and next year.

Which petrochemicals are going to overhaul in June?

The management of development of downstream industries of National Petrochemical Company has published the names of seven petrochemical companies that are going to overhaul.