$700 million in gasoline savings by expanding ridesharing

$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

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.

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Record sweet gas production at South Pars Refinery 8

Record sweet gas production at South Pars Refinery 8

The manager of the eighth refinery of the South Pars Gas Complex said: "The eighth refinery of the South Pars Gas Complex, relying on modern technologies and using 100 percent domestic products, has been able to produce more than 6 billion cubic meters of sweetened gas in the first half of this year and transfer it to the national pipeline."
China becomes self-sufficient in propylene production with Iranian methanol

China becomes self-sufficient in propylene production with Iranian methanol

Iran exports millions of tons of methanol to China annually at a meager profit, while the country has created hundreds of times more value added by converting the same methanol into propylene, the “petrochemical caviar,” and has achieved 96 percent self-sufficiency in propylene production. An opportunity that Iran could have used to complete its petrochemical value chain by investing in domestic MTP units and move from selling crude to creating sustainable wealth.