NIDC reported a 17.5% increase in specialized drilling operations for client companies in the first four months of the current Iranian year.
IRAN Feed Atom
Despite progress in U.S.-China trade talks, Beijing firmly rejects Washington’s demand to stop buying oil from Iran and Russia, citing national interests and energy security.
The overhaul of the offshore platforms in phase 19 of Iran’s South Pars gas field has been successfully completed, Shana reported.
Ahmad Jalilianfard, the director of projects at Iran’s National Petrochemical Company announced that 19 petrochemical projects are expected to become operational by the end of the current Persian calendar year (March 20, 2026) which include 15 production projects and four feedstock supply projects.
Iran's SATBA has installed over 5,000 megawatts of solar power at over 850 sites to expand renewable energy and enhance electricity efficiency.
Iran has a trade surplus with Pakistan, exporting goods at 3.5 times the volume of imports, according to Hamidreza Karbalaei Esmaeili, Deputy for the Indian Subcontinent at Iran's Trade Promotion Organization.
Iran’s economy grew by 1.4 percent in the first two months of the current Iranian year (March 20–May 20, 2025) compared to the same period last year, according to a report published by the Research Center of the Iranian Parliament.
The manager of the South Pars Gas Complex highlighted the refinery's strategic importance in the downstream value chain, highlighting that 10% of its gas output is converted into high-value products.
Iran's oil minister emphasized resolving gas export and payment issues during a meeting with Iraq’s electricity minister, expressing optimism that both matters will soon be settled.
Iran’s oil minister has rejected claims by foreign media that more than 40 million barrels of Iranian oil are stranded at sea, calling the reports baseless.
National Iranian Drilling Company (NIDC) has drilled and completed 48 oil and gas wells onshore and offshore across Iran during the first four months of the current Iranian calendar year, a company official said.
Iran’s Foreign Ministry has vehemently denounced the United States' latest round of sanctions as a blatant assault on the Iranian people and their national dignity.
Iran has posted a trade deficit of just over $1 billion in four months of current Iranian calendar year (started March 21, 2025), registering a 10% drop in value terms over the same period last year, IRICA announced.
Saeed Tavakoli, Managing Director of the National Iranian Gas Company, highlighted the urgent need to develop renewable energy sources to reduce gas consumption in power plants and prevent air pollution caused by burning fuel oil during energy imbalances. He called on the Ministry of Energy to implement new mechanisms to enhance alternative fuel use and protect the environment.
Iran has managed to significantly increase its oil production in a short period of time under an emergency plan introduced by the government and despite the pressures of the US sanctions, according to a report published in the local media.
The International Monetary Fund (IMF) has doubled its forecast for Iran's economic growth in 2025 to 0.6 percent, up from 0.3 percent in its previous report, despite the economic and geopolitical fallout from a 12-day war between Iran and Israel earlier this year.
The Iranian Parliament's Energy Committee's Energy Committee head praised the Oil and Gas Investment Fund's crucial role in restoring infrastructure damaged during the 12-day conflict.
Iran's National Petrochemical Company's project director has announced 19 operational petrochemical projects, including 15 production and four feedstock supply projects, set to commence by March 2026.
The Ministry of Oil's deputy highlighted the crucial role of the private sector in advancing the oil industry's objectives, emphasizing the country's reliance on oil.
Iran’s Supreme Economic Council has approved a $3.2 billion investment from the National Development Fund (NDF) to support the construction of 7,000 megawatts of solar power capacity, with a focus on rooftop units, officials said on Monday.