Iran’s National Iranian Oil Co. signed a $600-million contract to develop and operate the Madar gas field with Isfahan’s Mobarakeh Steel Co. and the Oil Industries Engineering and Construction Co. (OIEC), the company announced.
IRAN Feed Atom
Iran’s gasoline consumption surpassed 1 billion liters in the week ending September 12, setting a new record with an average daily use of about 143.7 million liters, according to the National Iranian Oil Products Distribution Company.
Iran increased natural gas delivery to its power plants by 2 billion cubic meters during the first half of the current Iranian year (started March 21), with total deliveries reaching 47.4 billion cubic meters.
Kazakhstan continues to seek imports of petrochemical products, including from Iran, despite its own investment in domestic production, according to Iran’s commercial attaché in the country.
The head of Iran’s National Petrochemical Company stressed the need to promote energy conservation, saying the petrochemical industry plays a key role in creating value from natural gas through feedstock use and value-chain development.
Iran’s Oil Ministry has established a special task force aimed at improving oil and gas production methods and tools, as well as developing enhanced recovery technologies, a senior official announced.
Iran, Pakistan and Turkey have agreed with the Economic Cooperation Organization (ECO) to revive monthly freight services along the 6,540-km Istanbul–Tehran–Islamabad (ITI) rail corridor, aiming to cut trade times and boost regional competitiveness.
Iran is collaborating with Chinese companies to develop solar power plants and battery energy storage systems to enhance renewable capacity.
heavy crude fell $1.63 to $69.18/b in Aug as OPEC output jumped 478k bpd to 27.95m. Iran’s output slipped 27k to 3.22m bpd; OPEC+ to lift quotas in Oct amid steady demand outlook.
President Masoud Pezeshkian has emphasized the need for Iran to reduce reliance on oil revenues and unlock the full potential of domestic talent and industry.
Armenian Economy Minister Gevorg Papoyan expressed his country’s interest in importing Iranian liquefied petroleum gas (LPG), calling it a basis for long-term, mutually beneficial cooperation that would strengthen Armenia’s energy security.
Iran’s South Pars Gas Complex produced more than 65 billion cubic meters of sweet gas and 79 million barrels of gas condensate in the first five months of this year, ensuring a stable energy supply for the coming cold season, managing director Gholam Abbas Hosseini announced.
The managing director of Iran’s National Petrochemical Company (NOC) said the country’s polymer production capacity is planned to reach 16 million tons.
Iran has connected 54 megawatts of newly built 3-megawatt solar power plants to the national grid, a move expected to save the equivalent of 26 million cubic meters of liquid fuel in thermal power generation, project executor Mohammad Doust-Mohammadi announced.
Persian Gulf Petrochemical Industries Co. CEO emphasizes the industry's economic significance and its progress in reducing raw material sales and producing diverse products through development projects.
Oil production from the Nowruz field has increased by 1,500 barrels per day following the completion of a complex offshore power cable operation, according to an Iranian offshore oil company official.
Iran's Pars Oil and Gas Company has commissioned the ninth well at Phase 11 of the South Pars gas field, increasing its daily gas production capacity to over 22 million cubic meters.
The 19th IRAN PLAST 2025 exhibition, attended by senior officials, executives, and industry representatives, opened at Tehran's Permanent International Fairgrounds.
The production capacity of polymer products is projected to reach 16 million tons by the end of Iran's Seventh Development Plan (2028), according to the CEO of the National Petrochemical Company.
first petrochemical contract for the development of gas fields will be ratified soon, the CEO of the National Iranian Petrochemical Company said Monday.