Iran’s Foreign Investment Board has approved over $700 million in foreign investment during its latest session, marking a significant development under the 14th government.
IRAN Feed Atom
Iran's Deputy Oil Minister for Gas Affairs announced: Daily production of sweet gas in the country's refineries has reached a record of 865 mcm.
A minor fire in decommissioned oil product pipelines at the Abadan Refinery was brought under control in less than 30 minutes, thanks to the prompt response of refinery firefighters.
The National Iranian Oil Products Distribution Company (NIOPDC) announced a 50% increase in liquid fuel delivery to power plants during the past four months compared to the same period last year.
The project manager at the National Iranian Oil Refining and Distribution Company (NIORDC) has successfully implemented a real-time monitoring system for the petroleum product production-to-distribution chain.
The CEO of NIGC reported a record daily gas production of 862 million cubic meters, with 80-82% consumed by residential, commercial, and small industrial sectors this winter.
Iran's oil minister plans to sign $6 billion contracts for pressure enhancement at South Pars gas field, a top priority due to potential reservoir pressure decline.
A sum of 613 million cubic meters (mcm) of natural gas were consumed on Monday in the residential, commercial, and industrial sectors, marking an 18% increase compared to the same period last year.
The CEO of the South Pars Gas Complex announced a 1.2 billion cubic meter increase in natural gas injection to the main national pipeline during the first eight months of this year compared to the same period last year.
Alireza Kolahi Samadi, head of the Industry Committee at TCCIMA, has stated that $35 billion is needed to address power shortages and modernize the country's electricity grid.
PEDEC CEO emphasizes Iranian exploration and production companies' involvement in renewable energy development, stating the Ministry of Oil should optimize energy for self-sufficiency in electricity.
The first simultaneous, real-time center for Wells Reservoir and Facility Management (WRFM) in Iran was launched on Tuesday with an investment of $10 million in its first phase.
Iranian exports to the Developing-8 group increased by over 24% in the first eight months of the current Iranian calendar year, according to IRICA.
The first vice president stated that the refining industry is considered a strategic industry for the country, emphasizing that priority in expanding refinery capacity should be given to incomplete development projects.
The head of Iran's Innovation and Prosperity Fund emphasized: New Technology-Based Companies (NTBF) can use tax incentives to become a driving force for innovation in large industries such as petrochemicals.
Pars Oil and Gas Company CEO emphasizes its crucial role in ensuring sustainable gas supply in the country, citing its 13 refineries and 39 production platforms.
The petrochemical industry is vital to Iran's economic and industrial development, and the second phase of the Petrochemical Special Economic Zone will focus on balanced growth and completing the value chain.
The Tehran branch of NIOPDC has reported a 36% increase in liquid fuel deliveries to power plants, despite a 5% increase in daily gasoline consumption.
The spokesman for the National Iranian Gas Company announced that 590 million cubic meters (mcm) of natural gas were consumed on Friday, representing 69% of the total gas delivered to the national network for residential, commercial, and small industries use.
The CEO of the Pars Special Economic Energy Zone (PSEEZ) announced that approximately $150 billion has been invested in the region, which accounts for nearly 50% of the country's petrochemical capacity with a production of about 45 million tons.