The managing director of the South Pars Gas Complex announced that the major overhauls in the South Pars for the Iranian year 1405 (starts on March 21) will commence in the early days of the new year, stating that these operations will be carried out with an innovative approach, leveraging successful past experiences, and operational cohesion to increase equipment readiness and achieve record performance in the field of overhauls.
IRAN Feed Atom
The first phase of a solar power plant at the Siraf Port export terminal has been commissioned, the engineering and development director of Fajr Jam Gas Refining Company said.
The Director of Labour and Employment Services at the Pars Special Economic Energy Zone Organisation has emphasised the need for early planning and announced the development of a coherent programme to hold even more magnificent celebrations for International Workers’ Day next year, drawing on the successful experience of this year’s event.
The head of the National Petrochemical Company said public relations plays a strategic role in aligning the petrochemical industry’s capacities, adding that PR units can help transform scattered achievements into a source of hope for society and industry stakeholders.
Iran’s Oil Minister Mohsen Paknejad has commented on the possibility of cooperation between Iran and the United States in the oil and gas sector, amid the ongoing nuclear negotiations between the two countries. He stated: “Everything is possible.” However, it remains unclear whether such oil and gas cooperation between Tehran and Washington will become operational at this stage.
Iranian Offshore Oil Company (IOOC) is moving ahead with plans to localize key marine equipment, including 6- to 9-megawatt-class turbogenerators for the Taurus 70 turbine, the company said.
Iran has invited Emirati investors to participate in major projects across its economy, the country’s economy minister said during a meeting with the United Arab Emirates’ new ambassador to Tehran.
Iran’s oil minister said daily gas production at the South Pars joint field reached a record 730 million cubic meters, the highest level since the field began operations.
Iran’s oil minister said agreements reached with Russia have entered the implementation phase following the conclusion of the 19th Iran-Russia Joint Economic Commission.
Iranian Lawmakers approved allocating funds for the creation and expansion of natural gas storage infrastructure for the coming year.
Russia’s energy minister said a comprehensive agreement signed by the presidents of Iran and Russia, along with the outcomes of recent expert-level meetings, has paved the way for a new cooperation protocol and a fresh phase in ties between Tehran and Moscow.
The project manager for development of the joint Farzad field said the first jacket for the Farzad B gas field has been successfully loaded and will soon be transported for installation in the Persian Gulf.
The CEO of the National Iranian Gas Company said gas tariff reforms are designed to improve consumption patterns rather than increase government revenue, stressing that smart management of consumption data, stronger network maintenance and precise implementation of optimization programs have helped stabilize the country’s gas network.
The National Petrochemical Company said it has fully lifted gas restrictions for petrochemical complexes, allowing companies to receive feedstock at their required capacity.
Iran and Russia are aiming to increase their annual bilateral trade to $20 billion, a senior Iranian oil ministry official said Monday, as the two countries opened a joint economic commission in Tehran.
Iran’s unemployment rate reached 7.8 percent in autumn 1404 (September-December, 2025), marking a 0.6 percentage point increase compared with the same period last year, according to new data released by the Statistical Center of Iran.
The operator of Phase 13 of the South Pars gas field has announced the commissioning of a new well, boosting daily production from the phase by more than 1.5 million cubic meters.
Iran's parliament has set the National Development Fund's share of oil export revenue at 20% in next Iranian year's budget, which begins in March 2026.
The expansion of solar power plants in Iran is preventing the release of more than 1 million tons of carbon dioxide (CO2) annually, while also helping reduce electricity supply imbalances, state media reported.
The CEO of Nouri Petrochemical Company emphasized the strategic and supervisory role of the National Petrochemical Company in the sector, saying investors are seeking stability in policymaking and decision-making in the petrochemical industry.
