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The collapse of industry, the rise of oil; how did Iran’s economy get caught in a vicious cycle?

The collapse of industry, the rise of oil; how did Iran’s economy get caught in a vicious cycle?

Nili warns that if no solutions are found, large industrial enterprises will also shrink within the next 10 years.
Expanding Iran-Turkmenistan oil cooperation in the field of oil and gas

Expanding Iran-Turkmenistan oil cooperation in the field of oil and gas

The Iranian Oil Minister and the Turkmen Foreign Minister emphasized the deepening of cooperation between the two countries in the fields of oil and gas and discussed areas for expanding cooperation.
Pezeshkian’s response to Trump’s threat: There are other paths for us besides oil exports

Pezeshkian’s response to Trump’s threat: There are other paths for us besides oil exports

Pezeshkian's response to Trump's threat to reduce Iran's oil exports to zero was: "They thought everything we do depends on oil."
Oil Minister: Any comment I make about Crescent may be detrimental to the Islamic Republic!

Oil Minister: Any comment I make about Crescent may be detrimental to the Islamic Republic!

Regarding the Crescent case, the Minister of Oil said: "The other party has made claims and the court is reviewing the matter. In return, Iranian lawyers and experts from the Ministry of Oil are also defending the country's rights."
Mohajerani: Good news in the oil sector will be announced in the coming days

Mohajerani: Good news in the oil sector will be announced in the coming days

The government spokesman said: "The Minister of Oil will have good news in the field of investment in the oil industry in the coming days."
Hemmati: Lifting oil sanctions is more important now than ever

Hemmati: Lifting oil sanctions is more important now than ever

The Minister of Economy and Finance wrote on the social network X: "Lifting Iran's oil sanctions is now more economically important than ever."
Signing of the Memorandum of Understanding for the Largest Smart Oil Industry Project

Signing of the Memorandum of Understanding for the Largest Smart Oil Industry Project

The joint memorandum of understanding for the project "Real-time monitoring and intelligent management of the country's petroleum products supply chain" was signed yesterday (Sunday, February 14), coinciding with the 46th anniversary of the victory of the Islamic Revolution and the Shabaniyah holidays.
The country’s daily oil production increased by 70,000 barrels

The country’s daily oil production increased by 70,000 barrels

The CEO of the National Iranian Oil Company announced an increase in the country's oil production by 70,000 barrels and gas production by 30 million cubic meters in recent months.
The other side of Russia’s new sanctions: reviving Iranian oil exports to India

The other side of Russia’s new sanctions: reviving Iranian oil exports to India

The escalation of the Russian oil sector could harm importing countries, especially India, and this, along with a possible agreement with the West, would make it possible for Iranian oil to return to the Delhi market.
The beginning of a serious discussion: transferring oil shares to 90 million Iranians

The beginning of a serious discussion: transferring oil shares to 90 million Iranians

A member of the board of directors of the Oil Industry Pension Fund believes that transferring shares of the National Oil Company to the public can increase public participation in the management of energy resources, contribute to greater transparency in the company's performance and improve its financial situation.
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Latest news

  • Shakeri: More than 80 percent of first-time production projects have been implemented with the support of the Ministry of Oil
  • New record in Iran’s oil exports; revenue collection faster than before
  • Operational jump in phase 11 of South Pars with the end of the drilling of the 10th well
  • Bandar Imam becomes the giant of Iran’s petrochemical paper projects
  • Production of more than 13 billion cubic meters of sweet gas in the eighth refinery of South Pars
  • harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies
  • A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil
  • 30% of the country’s non-oil exports are from the petrochemical industry
  • Advisor to the President: Removing bureaucracy is a condition for the development of petrochemical investment
  • alternative fuels; Iran’s roadmap for energy security in the era of transition

Petroleum

  • Ministry of Oil leads in first-time production; $262 million contract and over $2 billion in foreign exchange savings
    Ministry of Oil leads in first-time production; $262 million contract and over $2 billion in foreign exchange savings
  • One million liters of smuggled fuel discovered in Tehran and Rey
    One million liters of smuggled fuel discovered in Tehran and Rey
  • South Pars Second Refinery’s online monitoring system upgraded to advanced generation 3500
    South Pars Second Refinery’s online monitoring system upgraded to advanced generation 3500
  • Increased delivery of Euro 4 fuel to power plants; Ministry of Oil moves to reduce emissions
    Increased delivery of Euro 4 fuel to power plants; Ministry of Oil moves to reduce emissions
  • Announcement from the National Iranian Petroleum Distribution Company regarding the public call for converting gasoline vehicles to dual-fuel LPG and CNG
    Announcement from the National Iranian Petroleum Distribution Company regarding the public call for converting gasoline vehicles to dual-fuel LPG and CNG
  • Tehran Governor: No diesel burning will take place in the province
    Tehran Governor: No diesel burning will take place in the province
  • Increasing production of Euro 4 standard gasoline at Abadan refinery, a step towards clean air
    Increasing production of Euro 4 standard gasoline at Abadan refinery, a step towards clean air
  • $700 million in gasoline savings by expanding ridesharing
    $700 million in gasoline savings by expanding ridesharing
  • Joint project between the University of Petroleum Industry and Arvandan; Oil production tripled in a laboratory pilot
    Joint project between the University of Petroleum Industry and Arvandan; Oil production tripled in a laboratory pilot
  • Spokesperson for fuel station owners: Fuel supply in Tehran will not be interrupted
    Spokesperson for fuel station owners: Fuel supply in Tehran will not be interrupted

Petrochemical

  • Bandar Imam becomes the giant of Iran’s petrochemical paper projects
    Bandar Imam becomes the giant of Iran’s petrochemical paper projects
  • 30% of the country’s non-oil exports are from the petrochemical industry
    30% of the country’s non-oil exports are from the petrochemical industry
  • Advisor to the President: Removing bureaucracy is a condition for the development of petrochemical investment
    Advisor to the President: Removing bureaucracy is a condition for the development of petrochemical investment
  • alternative fuels; Iran’s roadmap for energy security in the era of transition
    alternative fuels; Iran’s roadmap for energy security in the era of transition
  • Abbaszadeh: HSE’s preventive measures played a key role in crisis management
    Abbaszadeh: HSE’s preventive measures played a key role in crisis management
  • Details of the fire in Abadan Petrochemical
    Details of the fire in Abadan Petrochemical
  • 2 million cubic meters of daily gas savings by implementing optimization programs
    2 million cubic meters of daily gas savings by implementing optimization programs
  • For the second year in a row, Zagros Petrochemical became the sponsor of the campaign to reduce gas and electricity consumption by 10%
    For the second year in a row, Zagros Petrochemical became the sponsor of the campaign to reduce gas and electricity consumption by 10%
  • Getting to know Iran’s petrochemical holdings; this part of the Persian Gulf
    Getting to know Iran’s petrochemical holdings; this part of the Persian Gulf
  • Meet Hengam Petrochemical, Iran’s newest urea producer
    Meet Hengam Petrochemical, Iran’s newest urea producer

GAS

  • Production of more than 13 billion cubic meters of sweet gas in the eighth refinery of South Pars 2 روز
  • Unprecedented record of sweet gas production at South Pars Refinery 3 1 هفته
  • Gas consumption in the domestic sector reached 659 million cubic meters 1 هفته
  • Domestic and commercial gas consumption exceeded 655 million cubic meters 1 هفته
  • Two new portals were launched to register and follow up the complaints of gas customers 1 هفته
  • The beginning of the national plan to replace low efficiency heaters in Golestan 1 هفته
  • 2 million cubic meters of daily gas savings by implementing optimization programs 1 هفته
  • Domestic gas consumption exceeded 4.3 billion cubic meters in the fourth week of Azar 1 هفته
  • Total domestic and commercial gas consumption exceeded 3.7 billion cubic meters in a week 2 هفته
  • South Pars Second Refinery’s online monitoring system upgraded to advanced generation 3500 2 هفته

Videos

Letter of 3 large manufacturing association to the president in support of the new currency decision

Letter of 3 large manufacturing association to the president in support of the new currency decision

Top News
  • Shakeri: More than 80 percent of first-time production projects have been implemented with the support of the Ministry of Oil
  • New record in Iran’s oil exports; revenue collection faster than before
  • Operational jump in phase 11 of South Pars with the end of the drilling of the 10th well
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