The South Azadegan oil field drilling project, completed through collaboration with NIDC and PEDEC, has been handed over to the employer for operation.
IRAN Feed Atom
The CEO of Pars Oil and Gas Company announced the commissioning of the third well ring in the infill drilling project at the South Pars gas field, stating that daily gas extraction capacity has increased by 1.6 million cubic meters.
The overhaul of Phase 10 of the South Pars Gas Refinery has been successfully completed, marking a major step toward improving operational efficiency and process stability, according to the plant’s director.
Iran’s oil minister emphasized the continuation of the country’s oil exports, stating that the Ministry of Petroleum has necessary plans in place to address sanctions and the potential activation of the "snapback" mechanism.
Iran exported petrochemical products valued at $4.684 billion during the first quarter of the current Iranian calendar year (March 21-June 21), the head of the Islamic Republic of Iran Customs Administration (IRICA) announced.
In 2024, Iran had the highest oil revenue growth in OPEC at nearly 14%, while overall OPEC oil export earnings fell by 4%, largely due to revenue drops in Saudi Arabia and Kuwait.
Mohammad Sadegh Azimifar, CEO of the National Iranian Oil Refining and Distribution Company, announced non-price measures to manage fuel consumption and improve efficiency through financing.
Iran's deputy oil minister emphasizes balanced development, value chain completion, and crisis preparedness in Asaluyeh's petrochemical sector, the country's main energy hub on the Persian Gulf coast.
The National Iranian Gas Company (NIGC) has launched its first smart gas network project in Khorasan Razavi Province, deploying 22 sensors across 114 critical locations for real-time monitoring and intelligent infrastructure management.
The value of trade between Iran and India stood at $652 million in the first four months of 2025, India's Ministry of Commerce and Industry reported.
Iran has officially launched a nationwide project to replace millions of outdated gas heaters with high-efficiency models, aiming to optimize natural gas consumption and redirect saved resources toward industrial use, officials said.
The Persian Gulf Star Refinery now supplies 20% of Iran’s total fuel basket and 40% of the country’s gasoline consumption, according to the company’s new CEO, Vahid Ghanei.
The South Pars Gas Complex's Fifth Refinery is undergoing a major overhaul for 2025, utilizing domestic engineering expertise and locally manufactured equipment.
Isfahan Oil Refining Company has launched the pilot operation of the first phase of a major seawater transfer project, aiming to supply around 700,000 cubic meters of water each month to the refinery, its head announced.
Iran has reduced its daily diesel consumption by an average of five million liters in 2025, compared to the previous year, driven by tighter consumption management and enhanced fuel smuggling controls, a senior oil official said.
Iran’s top economic council has approved an emergency plan to increase daily crude oil production by 250,000 barrels, with 80 percent of the funding to be provided by the National Development Fund (NDF), the country’s sovereign wealth fund.
Power plants accounted for nearly half of the nation's total natural gas consumption in the week ending July 18, using over 2.024 billion cubic meters, with stable demand from power plants and fluctuating residential usage.
The deputy CEO of the National Iranian Oil Products Distribution Company (NIOPDC) emphasized the necessity of interagency cooperation to prevent off-network fuel distribution and the importance of using personal fuel cards.
Iran’s Minister of Energy Abbas Aliabadi highlighted a strong private sector appetite for investment in renewable energy projects, revealing a demand exceeding 78,000 megawatts across the country.
The CEO of the National Petrochemical Company announced the issuance of a directive to ensure production continuity in the petrochemical industry during critical and emergency conditions, aiming for stable output and meeting the needs of downstream industries.