Iran, China, Kazakhstan, Uzbekistan, Turkmenistan and Turkey signed a multilateral agreement in Istanbul aimed at expanding rail freight movement along the southern branch of the Eurasian transit corridor, reinforcing Iran’s position as a core gateway for container traffic between China and Europe.
IRAN Feed Atom
Iran’s President Masoud Pezeshkian said the government is fully prepared to manage the coming winter and emphasized that if each individual, household or organization cuts energy use by just 10 percent, the country could save between 800,000 and 900,000 barrels of oil per day.
Iran plans to create an independent banking system dedicated to its free trade zones as part of a broader effort to overhaul the country’s economic governance, the economy minister said, adding that free zones will serve as the launchpad for structural reform.
The US Treasury Department imposed sanctions on a network of front companies and shipping intermediaries accused of facilitating Iran’s oil sales, in what it described as an effort to curb Tehran’s oil revenue.
The Aghar–Dalan, Dey, and Sefidzakhur operational region in Iran has completed its annual overhaul under difficult conditions and is prepared for maximum gas production in the cold season.
Iran has released a foreign-flagged tanker it seized in the Persian Gulf last week after offloading its cargo, a report has said.
The director general of health, safety and environment at the Oil Ministry announced the selection of outstanding projects implementing process safety management systems across affiliated oil industry companies for the Iranian year 1404.
The president of Iran underscored the need for fundamental reforms in the energy sector, saying the government plans to gradually replace household gas consumption with electricity to free up more natural gas for industry and boost national value creation.
Senior officials from Iran’s ICCIMA and Afghan economic bodies signed multiple cooperation agreements in Kabul to boost trade, investment and technical collaboration in mining, agriculture, energy and healthcare sectors.
Shahram Ahmadi, director general for health, safety and environment at Iran’s Oil Ministry, said process safety management is the industry’s top strategy to secure production stability and cut losses, with nearly 90 percent of oil companies already implementing the system.
The head of the CNG project at the National Iranian Oil Products Distribution Company said the country has saved $75 billion in gasoline consumption since the start of its CNG industry.
Iran and China have signed a cooperation agreement to advance joint deep-sea research within the framework of Iran’s BRICS membership.
The roll-up operation for the four-legged jacket of the Farzad B shared gas field platform was successfully carried out at the Khorramshahr industrial yard.
Iranian Oil Minister Mohsen Paknejad said the country’s oil and gas sector recorded an eye-catching growth in the last Persian calendar year (ended on March 20).
Iran’s exports to Africa doubled in the first half of the current Iranian calendar year (August 23-September 22) compared with the same period last year, the acting head of the Africa office at the Trade Promotion Organization (TPO) said.
The fresh water production capacity at South Pars Gas Complex’s Refinery 10 has increased to 200 cubic meters per hour following specialized maintenance and innovative operational measures.
Brent crude futures fell 58 cents, or 0.9 percent, to $63.81 a barrel. U.S. West Texas Intermediate (WTI) crude fell 59 cents, or 1 percent, to $59.50.
Iran became the fifth-largest importer of gold in the world by recording a demand of 58 tons of gold in the first nine months of 2025. The rate reflects a significant increase in consumption and huge currency pressure.
The first mobile TSP-type multiphase pump station at Well 21 in the Ahvaz field boosted output from 800 to 1,200 barrels per day and will eliminate the annual flaring of 1 million cubic meters of associated gas, according to NISOC.
President Masoud Pezeshkian gave automakers one year to improve engine efficiency or face losing foreign currency and production permits, stressing government-backed adoption of modern technologies and prioritizing safe, electric vehicle production.
