Iran’s annual consumer price inflation rate stood at 46.3 percent in the 12 months ending in February 19, 2026, the Central Bank of Iran said.
IRAN Feed Atom
Iran’s crude oil and condensate exports rose to 2.2 million barrels per day (bpd) in February, up 50 percent from the average of the previous three months, according to data from energy cargo tracking firm Kpler.
The head of energy and carbon management at the National Iranian Gas Co. said a newly issued bylaw governing gas operator firms has accelerated the rollout of gas-saving projects, while creating a framework to reduce waste and improve consumption management.
President Masoud Pezeshkian praised progress in capturing flared and associated gas, urging round-the-clock efforts to prevent the waste of national resources.
The Oil Ministry exceeded its obligations on fuel storage, a deputy speaker of Parliament said, praising what he described as a responsible approach to ensuring winter energy security.
The deputy managing director for drilling operations at the National Iranian Drilling Company said 116 oil and gas wells were drilled and completed in the first 11 months of the current year, marking a 23% increase compared with the same period last year.
Iran’s petrochemical industry has begun investing directly in upstream gas field development after the Oil Ministry streamlined licensing and contract procedures, industry officials said, calling the shift a turning point in cooperation with the private sector.
Iran’s first ground-based and clean flare in the petrochemical industry has been successfully commissioned at the Persian Gulf Sadaf Petrochemical Complex, bringing this strategic project to the threshold of receiving feedstock.
Iran’s oil minister said colleagues at the South Pars Gas Field have set a historic daily production record despite ongoing sanctions.
The managing director of the South Pars Gas Complex announced that the major overhauls in the South Pars for the Iranian year 1405 (starts on March 21) will commence in the early days of the new year, stating that these operations will be carried out with an innovative approach, leveraging successful past experiences, and operational cohesion to increase equipment readiness and achieve record performance in the field of overhauls.
The first phase of a solar power plant at the Siraf Port export terminal has been commissioned, the engineering and development director of Fajr Jam Gas Refining Company said.
The Director of Labour and Employment Services at the Pars Special Economic Energy Zone Organisation has emphasised the need for early planning and announced the development of a coherent programme to hold even more magnificent celebrations for International Workers’ Day next year, drawing on the successful experience of this year’s event.
The head of the National Petrochemical Company said public relations plays a strategic role in aligning the petrochemical industry’s capacities, adding that PR units can help transform scattered achievements into a source of hope for society and industry stakeholders.
Iran’s Oil Minister Mohsen Paknejad has commented on the possibility of cooperation between Iran and the United States in the oil and gas sector, amid the ongoing nuclear negotiations between the two countries. He stated: “Everything is possible.” However, it remains unclear whether such oil and gas cooperation between Tehran and Washington will become operational at this stage.
Iranian Offshore Oil Company (IOOC) is moving ahead with plans to localize key marine equipment, including 6- to 9-megawatt-class turbogenerators for the Taurus 70 turbine, the company said.
Iran has invited Emirati investors to participate in major projects across its economy, the country’s economy minister said during a meeting with the United Arab Emirates’ new ambassador to Tehran.
Iran’s oil minister said daily gas production at the South Pars joint field reached a record 730 million cubic meters, the highest level since the field began operations.
Iran’s oil minister said agreements reached with Russia have entered the implementation phase following the conclusion of the 19th Iran-Russia Joint Economic Commission.
Iranian Lawmakers approved allocating funds for the creation and expansion of natural gas storage infrastructure for the coming year.
Russia’s energy minister said a comprehensive agreement signed by the presidents of Iran and Russia, along with the outcomes of recent expert-level meetings, has paved the way for a new cooperation protocol and a fresh phase in ties between Tehran and Moscow.