Iran’s National Iranian Oil Company signed a memorandum of understanding Saturday with IMIDRO, steel companies and MAPNA Group to develop the Halegan and Shahini gas fields in southern Fars province.
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A report published in the media has ruled out the cataclysmic scenarios envisioned for the Iranian economy after a potential return of the United Nations sanctions, a process known as the snapback that European parties to a 2015 deal on Iran’s nuclear program have vowed to trigger if the country fails to accept their demands.
Azerbaijan has reached an agreement to extend the delivery of natural gas to the Nakhchivan Autonomous Republic through Iranian territory.
Iran’s President Masoud Pezeshkian presided over a meeting on Wednesday that focused on the progress of initiatives to increase oil production capacity, collect flared gas, and secure essential goods for the country.
Iran exported non-oil commodities valued at $603 million to Pakistan during the first four months of the current Iranian calendar year (March 21-July 22), according to the head of the Islamic Republic of Iran Customs Administration (IRICA).
Iran’s exports to Africa rose 2.2 times in the first four months of the current Iranian calendar year (March 21- July 22), the head of the Africa Office at the Trade Promotion Organization (TPO) announced.
The head of Iran’s National Petrochemical Co. (NPC) said the company is ready to welcome investors in the southeastern port city of Chabahar, where about $10 billion has already been invested, creating capacity for more than 10 million tons of petrochemical production.
The petrochemical industry of Iran, aligning with the annual slogan and the objectives of the 7th Development Plan (2024-28), has set its sights on reaching a nameplate capacity of 131 million tons.
Iran’s Trade Promotion Organization (TPO) is aiming to boost exports of technical and engineering services to $4.5 billion by the end of the current Iranian year (late March 2026), an official said on Monday.
The CEO of the National Iranian Oil Company announced the country has set a new record for oil production.
The National Iranian Oil Refining and Distribution Company (NIORDC) is conducting extensive maintenance at 10 refineries across the country to ensure a stable and secure supply of fuel, a senior company official announced.
The South Pars Gas Complex announced that more than 90% of the materials used in its major overhauls are domestically produced, a move officials say ensures sustainable production and strengthens Iran’s tech-based economy.
The managing director of Karoun Oil and Gas Production Co. announced a historic milestone in March 2025, with daily crude oil output reaching 1 million barrels for the first time.
Iran’s daily gasoline distribution grew nearly 7% this year (started March 21), reaching a record of more than 200 million liters in a single day, according to the head of the National Iranian Oil Products Distribution Co.
From the 14th government's incumbency to Tir (July 22), the Iranian Investment and Economic and Technical Assistance Organization approved 595 foreign investment projects worth $20.379 billion.
Iranian Oil Minister has established a task force for the collection of flare gases.
Iran has unveiled its first advanced F-class gas turbine with a capacity of 222 MW, with Energy Minister Abbas Aliabadi in attendance. This was reported by Alalam News Network.
The United Kingdom government imposed sanctions on one Iranian individual and four entities on Wednesday with the accusation of what has been called "facilitating Tehran's cross-border activities”.
Ramin Hatami, the integrated planning manager of the National Iranian Oil Company (NIOC), said that the South Ilam Flare Gas Gathering Project (NGL 3100) will convert hundreds of millions of cubic feet of gas annually into feedstock for downstream industries and petrochemical plants.
The US announced new sanctions Thursday targeting individuals and companies it alleged were facilitating Iran’s illicit oil sales.