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

China’s investment in Iraq’s joint oil field with Iran

Saya announced that one of the Chinese companies will soon start the project of exploration, development and production of oil and gas in the "Oil House" area, 80% of which is located in the Khanaqin area.

Iraq is looking for Iranian gas

The member of the oil commission of the Iraqi parliament stated that Iraq still needs Iranian gas because it takes a long time to exploit the gas.

How much oil did Iran sell in 2022 and how much discount did it give?

Iran has only received one million and 153 thousand barrels of oil money per day, and the difference between the export statistics of the Ministry of Oil and the money received is calculated as a discount due to sanctions.

Discovery of shale oil in Iran

The director of exploration of the National Iranian Oil Company said: 10 points in the country have been identified and confirmed that we have shale oil resources there, and with the model we have designed, it will be possible to harvest these oil resources.

Production and sales record in all periods by Ariasasol Polymer Company

The CEO of Ariasasol announced the overhaul in this petrochemical this year.

Iraq and America negotiated on how to pay Iran’s demands

In a meeting with the Deputy Secretary of the US Treasury, the Iraqi Foreign Minister reviewed the modernization of the country's banking and financial sector and the payment method of Iran's claims from the account of the Iraqi Trade Bank.

Water crisis in one third of Iran’s cities

According to the statistics of the Ministry of Energy, since the beginning of the fall of 1402, nearly 319 cities have tension and water crisis.

The records of stock refineries were reviewed;

Falling dollar profitability of refineries in 9 months of 1402

The net profit of all listed refineries in terms of Nima dollars has decreased in the first 9 months of this year compared to the same period last year.

Splits consume 9 times more electricity than evaporative coolers

splits consume a lot of energy, and these coolers consume 5 to 9 times more energy than evaporative coolers, and they will not be energy efficient at all.

CEO of Iran National Oil Products Distribution Company:

The high price of gasoline is a rumor

The CEO of the National Oil Products Distribution Company, denying the published news about the increase in the price of gasoline, stated: There is no plan to increase the price of gasoline and people should not pay attention to the rumors.