11 billion dollar project with an empty account; Dangerous game of banks in Azadegan oil field

The last condition of Mohsen Paknejad for the implementation of the Azadegan oil field contract is to deposit 800 million dollars to the account of Dasht Azadegan Arvand Company. A condition that banks have been unable to fulfill until today.

Refining and Distribution CEO: Technological opportunities in the refining industry are vast; the move towards data-driven management is gaining momentum

The CEO of the National Iranian Petroleum Products Refining and Distribution Company, emphasizing the move towards data-driven management and smart fuel chain, said: "The opportunity for technological and data-driven work in the refining and distribution industry is very broad. What is important in this path is the right direction, prioritizing issues, and defining effective cooperation models."

Getting to know Iran’s petrochemical holdings; this part of the Persian Gulf

Persian Gulf Petrochemical Industries Holding, as the second largest petrochemical holding in the Middle East and the largest player in this industry in Iran, plays a key role in meeting domestic needs and the international standing of this industry, with more than one-third of the nominal capacity of the country's petrochemical industry.

Breaking News

Iran’s gasoline production increased by 8 million liters during the 14th government

The CEO of the National Iranian Petroleum Refining and Distribution Company announced an increase in production of 8 million liters of gasoline and 7 million liters of oil and gas during the 14th government.

22% increase in domestic gas consumption

The Deputy Minister of Oil for Gas Affairs announced a 22 percent increase in gas consumption by the household, commercial, and non-consumer industries sectors compared to the same period last year, and said: "Gas consumption in this sector reached 547 million cubic meters per day on Saturday."

60% of power plant fuel is wasted

The secretary of the Electricity Industry Syndicate stated that the efficiency of the country's power plants in the best conditions is around 40 percent, adding: "In other words, 60 percent of the power plant fuel is wasted."

Oil Minister: Supplying gas for domestic and commercial consumption is the ministry’s red line

Emphasizing that the Ministry of Oil is making every effort to prevent gas outages during the cold months of the year, the Minister of Oil said: "Know that the area of domestic and commercial consumption is the red line for this ministry in terms of gas supply."

Oil Minister announces increase in fuel deliveries to power plants

The Minister of Energy said: "Currently, the amount of fuel delivered to power plants has increased, and it can be said that the fuel imbalance of power plants has improved."

The government’s determination to strengthen the country’s oil and gas industry is serious

A member of the Energy Commission of the Islamic Consultative Assembly said: "The government has a serious determination to strengthen the country's oil and gas industry and is also sending a message to its enemies that it will not surrender to external threats and pressures and will continue its development and progress in the oil industry."

Consequences of the Gazprom Sanctions: From Europe’s Concern to an Opportunity for Tehran

The recent sanctions on Gazprombank have raised serious concerns in the European Union about the threat to its energy security, which could potentially extend to Gazprom itself. If that happens, Tehran could take advantage of the gas deal with Moscow and transit surplus Russian gas to its neighbors.

Water inflow to the country’s dams decreased by 12 percent

According to a report by the Iranian Water Resources Management Company, the inflow of the country's dams in the current water year is 2.76 billion cubic meters, which represents a 12 percent decrease compared to the inflow of 3.14 billion cubic meters last year.

The consolidation commission’s approvals have not restricted gasoline imports

Mohsen Zanganeh, deputy chairman of the 1404 budget bill consolidation committee, said: "The import of gasoline into the country has not been banned according to the approvals of the consolidation committee."

Reducing home heating appliances by one degree is also effective in eliminating imbalances

Emphasizing that our demand for people to save on gas and other energy carriers does not mean not consuming them, the Minister of Oil said: "If people reduce the temperature of their home heating systems by one degree, it will play an effective role in eliminating part of the gas imbalance in the country."

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