Bandar Imam becomes the giant of Iran’s petrochemical paper projects

Bandar Imam Petrochemical, the beating heart of the downstream chain of Iran's petrochemical industry, is currently facing a $1.4 billion project; a project that, in relation to the company's 8 trillion tomans profit, has raised serious questions about the economic logic, financing method, and the silence of Persian Gulf Holding.

harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies

The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.

A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil

Shamal Drilling Company, the exploratory drilling contractor in the Caspian Sea, announced an increase of 25% of the initial contract amount in some contract cases with the Caspian Oil Company.

Breaking News

20% increase in domestic gas consumption

66 percent of the natural gas delivered to the national network yesterday (December 6) was allocated to the domestic, commercial, and small industrial sectors, which is a 20 percent increase compared to the same day last year.

More than 60% of the global energy portfolio will be supplied by fossil fuels by next year

The former Secretary General of the Gas Exporting Countries Association, pointing out that gas is a suitable fuel in transition, said: "We (the world's gas exporters) believe that by 2050, more than 60 percent of the global energy portfolio will still be supplied by fossil fuels."

Abbas Akhundi: China did not give us $21 billion of our oil money!

Abbas Akhundi revealed the nature of China-Iran relations during Ahmadinejad's reign.

GECF Secretary General Arrives in Tehran to Attend Gas Exporters Summit

The Secretary General of GECF arrived in Tehran to attend the 26th Ministerial Meeting of the Gas Exporting Countries Forum from December 6 to 8.

It is not fair to allocate a fuel card to someone who owns multiple cars

Parliamentary Deputy Pezizkian stated: "If a fuel card is going to be issued, it should be issued to all people and it should be in the name of the person, not the name of the vehicle."

700 million liters of fuel transferred to Tehran’s power plants

The deputy director of operations for the Tehran Region Oil Pipelines and Telecommunications Company announced that more than 700 million liters of fuel have been transferred to the country's power plants since the beginning of this year.

Holding a ministerial meeting of the Gas Exporting Countries Forum in Tehran

The Deputy Minister of Oil for International Affairs and Trade announced the gathering of the world's largest gas exporters in Tehran and said: "These countries collectively hold 70 percent of the world's gas reserves, 40 percent of production, 47 percent of gas exports through pipelines, and 51 percent of LNG exports."

Operation of 3 associated gas collection projects by the end of the year

The head of the Environmental Protection Agency stated that desirable measures have been taken to reduce pollutants resulting from burning gas in flares in the oil-rich areas of the south, and said: "Achieving the desired result requires further follow-up and appropriate and rational timing."

The Statistics Center announced that GDP growth was driven by oil

According to a report by the Statistical Center of Iran, in the first 6 months of this year, we witnessed a 4% economic growth in gross domestic product with oil.

Blackout disaster: 60% of power plant fuel is wasted

Despite widespread blackouts in many cities across the country, shocking statistics have been released stating that 60 percent of power plant fuel is wasted. This is while our country is facing a severe energy shortage. But why is a huge amount of fuel being wasted despite all this shortage?