The CEO of the National Iranian Oil Company (NIOC) emphasized the importance of the Ahvaz oil field as the country’s largest, saying the new project marks a significant move toward increasing the recovery factor and advancing national oil industry policies aimed at implementing enhanced oil recovery (EOR) methods.
IRAN Feed Atom
Iran’s minister of economic affairs and finance emphasized the expansion of brotherly relations and economic, commercial, and infrastructure cooperation between Iran and Tajikistan and proposed special opportunities for deepening these relations under the current conditions.
The Khangiran Gas Refinery in northeastern Iran maintained uninterrupted and above-target gas production during the four cold months of 1403, marking the most stable performance among the country’s gas refineries, according to the plant’s operations chief.
A contract has been signed to construct the Pars Oil Products Pipeline (Mehraaran–Fasa–Shiraz) with a transfer capacity of 73,000 barrels per day and an investment value of €150 million.
Iran and Switzerland’s private sectors are calling for stronger collaboration in non-sanctioned industries, emphasizing the key role of private enterprises in shaping future economic ties between the two countries.
The executive decree on land use planning for the petrochemical industry has been officially communicated to petrochemical holding companies and firms, according to the National Petrochemical Company (NPC).
The Pazan field has been identified as Iran’s largest onshore gas reservoir in terms of both gas-in-place and recoverable reserves, according to Mohyeddin Jafari, director of exploration at the National Iranian Oil Company (NIOC).
The Executive Secretary of Iran's 7th Solar Power Plants Conference stated that the development of solar power plants has accelerated and this trend will continue for the coming years. He predicted that the trend of interest in developing solar power plants will continue to accelerate over the next four years.
The managing director of Abadan Oil Refining Company announced that efforts are underway to complete the remaining sections of Phase 2 and launch Phase 4 of the Abadan refinery to enhance the quality of refined products.
The managing director of South Pars Gas Complex reported a new record in propane and butane production in the first half of the current Iranian year, attributing this success to enhanced efficiency, optimized production processes, and the continuous efforts of the workforce.
The Pars Oil and Gas Company (POGC) has successfully completed and commissioned a well pressure equalization system across South Pars offshore platforms, significantly reducing the time and cost of restarting gas wells after shutdowns, according to a company statement.
The CEO of the National Iranian South Oilfields Company announced that the Aghajari Oil & Gas Production Company (AOGPC) has reached its maximum oil production capacity despite various challenges.
The managing director of the Iranian Gas Engineering and Development Company announced that the Sarajeh gas storage expansion project in Qom will be completed by the end of the Iranian year 1404 (March 2026), emphasizing its strategic role in ensuring stable gas supply during the cold season.
Iran’s polymer production capacity is set to rise to 16 million tons annually by the end of the Seventh Development Plan, marking a 7-million-ton increase fueled by new petrochemical projects and abundant oil and gas resources.
The director of production and operations at Pars Oil and Gas Company announced the successful completion and operation of the well pressure equalization project on South Pars platforms, aimed at improving the restart process of wells after production shutdowns and reducing the time required to resume output.
In line with the Donald Trump administration's maximum pressure policy against the Islamic Republic of Iran, the US Treasury Department announced that it has sanctioned more than 50 individuals, entities, and ships under the pretext of facilitating the sale of Iranian oil and liquefied natural gas.
The head of Iran’s National Standards Organization (INSO) met with Rwanda’s Minister of Trade and Industry to discuss expanding cooperation through the harmonization of standards, conformity assessment, and laboratory accreditation.
The Turkish Statistical Office announced that trade exchanges between Turkey and Iran in the first eight months of the current year reached $3.56 billion.
The National Iranian Oil Company (NIOC) said it will continue legal efforts through international and domestic channels to overturn a UK appeals court ruling that upheld the seizure of a London property belonging to the Oil Industry Pension Fund.
Iran’s oil minister announced a daily production increase of more than 120,000 barrels and said crude exports have reached record levels in recent months despite sanctions. He added that the possible reactivation of the “snapback” mechanism poses no new concern for oil sales.
