Arvand Petrochemical Production Halted Following Mahshahr Electricity Imbalance

Arvand Petrochemical announced in a Kodali announcement that the company's production activities will be suspended from August 21, 2026; a suspension that was implemented following the notification of the National Petrochemical Industries Company and in line with the management of electricity consumption in the Mahshahr region. Arvand announced that due to power restrictions and outages, all production activities of the company have been suspended until further notice and the time for production to resume depends on the resumption of electricity.

When does Ghadir Petrochemical’s PVC production go back to before the war?

In response to shareholders' questions, Ghadir Petrochemical announced that the company's production until the end of this year and next year depends on the amount of feed received from Arvand Petrochemical, and that EDC supply from other sources, including imports, is in progress. Ghadir also announced the possibility of the country's PVC supply returning to pre-war levels if electricity costs decrease, and announced the current chlorine price at about 570,000 rials per kilogram.

Ariasassol Petrochemical Olefin Unit Returns to Production at 70% Capacity

Ariasassol Petrochemical Company announced in a press release that the olefin unit has returned to production at 70% capacity. According to the company's announcement, the light polyethylene unit has been taken out of production due to limitations in the provision of ancillary services and performance priorities.

آخرین اخبار

Significant growth in drilling operations in the oil-rich areas of the south; 40 wells in four months

The Deputy CEO of the National Iranian Drilling Company announced the drilling and completion of 48 oil and gas wells in the first four months of this year in the country's onshore and offshore areas.

Resolving gas export issues and financial claims between Iran and Iraq

In a meeting with the Iraqi Minister of Electricity, the Minister of Oil emphasized resolving the issues of gas exports and financial demands, saying: "We will soon see a resolution to both issues of the quantity of gas exports to Iraq and the receipt of gas demands."

US launches new round of oil sanctions against Iran

In the 14th round of oil sanctions since 2018, the United States imposed the most extensive set of sanctions against Iranian oil exports.

The legal mask on the face of fuel smuggling; what is behind the dangerous game of mini-refineries?

While the government has resorted to imports to supply fuel, the widespread smuggling of subsidized diesel under the guise of mini-refineries is generating millions of dollars in profits for brokers every day; a structural phenomenon that exports national subsidies abroad with official permission.

Drilling of 10 wells in South Azadegan field completed

The Deputy CEO of the National Iranian Drilling Company for Drilling Projects said: "With the cooperation and synergy between the company's specialists and the Petroleum Engineering and Development Company (METEN), the implementation of the drilling project of 10 wells in the South Azadegan oil field has reached its final stage, and the project was completely handed over to the employer for operation after being put into operation."

What is Bu Ali Sina Petrochemical’s strategy to continue making profits?

While Bu Ali Sina Petrochemical Company managed to produce beyond its nominal capacity in 1403, Mohammad Ahmadzadeh, the company's CEO, announced the company's plans to surpass this record, increase the share of foreign exchange sales, and focus on producing high value-added products. Bu Ali's strategy is a combination of infrastructure development, export portfolio diversification, and agility in feedstock supply.

Energy diplomacy at a standstill; send the masts to Arash Square

While the Arash gas field has become a new flashpoint for border tensions in the Persian Gulf, Iran continues to insist on the path of diplomacy, a path that has neither thwarted the claims of Kuwait and Saudi Arabia nor stopped the plundering of the country’s energy resources. Isn’t it time for Tehran to deploy drilling rigs and defend its national wealth instead of fruitless talks?

Karaj Hydroelectric Power Plant Electricity Production Stops

The director of the Karaj Dam said: "Although the Karaj Dam hydroelectric power plant is currently operating, it is likely that within the next two weeks the water level will reach a level that will no longer allow electricity generation from this power plant."

Fluctuations in Iranian oil prices over the past 5 years

The average price of Iranian heavy oil in 2024, based on statistics provided by the Organization of the Petroleum Exporting Countries (OPEC), was $79.71 per barrel.