Jam Pilen Petrochemical and the Bushehr Province Welfare Department have signed a memorandum to support top students under welfare coverage. The “Growing Tomorrows” campaign is meant as a model for industry to play a clearer role in building human capital in the region.
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A turnaround of equipment and replacement of worn process lines at the Asmari-1 gas compressor station of the National Iranian South Oil Company has been completed, aimed at maintaining physical assets, keeping production going, and raising operating safety.
The first training course on “Introduction to and Use of Artificial Intelligence in Organizational Management” for managers in the refining and distribution industry was held on Friday, October 2, 2026, at the company’s Pasian campus.
The chief executive of the National Petrochemical Company said a special working group has been formed for the urgent rebuild of petrochemical units in Mahshahr and that a support package is being drawn up for a fast return to production.
Gazprom warned that Europe is heading into autumn and winter with sharply lower gas stocks, a situation that could cause serious problems for European countries.
Tajikistan has begun receiving oil and fuel products from Iran. The move opens a new export market in Central Asia and could affect Iran’s foreign-currency earnings.
The chief executive of Amirkabir Petrochemical said the company produced 146,066 tons in the first half of the Iranian year 1405 and that output in the second quarter was 76% higher than in the first.
The Group of Seven has called for 100 million barrels of oil to be released from strategic stocks over the next four months to curb a jump in fuel prices and sharp swings in the oil market. The step is part of an earlier decision by the countries that is now being carried out.
The manager of the National Iranian Oil Products Distribution Company’s Golestan region said several scenarios have been written for a possible natural-gas shortage and that provincial LPG storage, as a backup fuel, has been raised to 700 tons.
The chief executive of the National Iranian Gas Company said fuel supplies to power plants and industry stayed stable in the first half of this year despite lower output at South Pars, and that gas delivered to industry and small businesses was 1 billion cubic meters higher than in the same period last year.
Brent crude futures fell 70 cents, or 0.7%, to $101.61 a barrel. U.S. West Texas Intermediate (WTI) crude futures also fell 85 cents, or 0.9%, to $92.02 a barrel.
The CEO of the National Iranian Gas Company (NIGC) said efforts are underway to restore about 100 million cubic meters to Iran’s gas production capacity before the start of the cold season, with necessary measures taken to manage consumption and ensure a stable gas supply during the winter.
Iranian Parliament Deputy Speaker Ali Nikzad said the United States will never be able to reduce Iran’s oil exports to zero, arguing that Washington had drawn up plans targeting Iran’s oil and a significant share of the world’s oil resources and believed it could pressure Iran’s economy by gaining control of the Strait of Hormuz, but had failed to understand the Iranian people.
Jam Petrochemical’s Heavy-Duty Polyethylene 2 complex set a new product-loading record by loading 1,800 metric tons of Grade 7000F within 24 hours.
Following reports concerning the value of the ASU package compressors at Apadana Petrochemical and the contractor responsible for the package, the company issued a clarification stating that the compressors are worth approximately €16 million, not €70 million. The company also said its contract with the contractor for this part of the project had been terminated due to failure to fulfill contractual obligations.
Khorasan Petrochemical has recorded 64 million man-hours of work without a fatal accident, with the company’s CEO attributing the achievement to divine grace and the efforts of the company’s past and present CEOs, managers and employees, while stressing the need to maintain safety requirements at every level of the organization.
Daily oil production from Iran’s Shadegan Oil Field has increased by 17,000 barrels following the successful completion of the first production target under the field’s development and production contract.
A pilot to attach identity data to emergency fuel cards, aimed at making fuel distribution smarter, has begun at 54 selected filling stations in Tehran.
OPEC+ producers are expected to leave their November oil-output targets unchanged at Sunday’s meeting.
A member of parliament’s energy committee pointed to the National Iranian Gas Company’s work to keep gas flowing under difficult conditions and said demand management is strategically important for getting through the cold season.
