IRAN Feed Atom

The National Petrochemical Company’s production control director said Iran’s petrochemical output in 1404 has remained defensible despite a 12-day war, with field development, flare gas recovery and investments in gas-saving projects identified as key strategies to secure stable feedstock.
Iran's petroleum industry saw a significant shift in May 2025, with the National Iranian Oil Co. (NIOC) introducing over 200 investment opportunities worth $137 billion, promoting partnerships with the private sector and foreign investors.
The CEO of the National Iranian Drilling Company (NIDC), Mehran Makvandi, announced that two wells in Lali oilfield, codenamed 37 and 38, have been put into operation for field testing by Masjed Soleiman Oil and Gas Exploitation Company.