In a message acknowledging the resilience and tireless efforts of oil industry workers during the days of the Zionist aggression, the president said the employees of this sector were frontline warriors who, under the most challenging conditions, courageously and dutifully fulfilled their mission of securing the country’s energy supply.
IRAN Feed Atom
Iran's Energy Minister, Abbas Aliabadi, has announced a 100-megawatt renewable energy project, aiming for the total installed capacity to surpass 3,000 megawatts by March 2026.
The deputy chairman of the Iranian Parliament’s Energy Committee praised the efforts of oil industry workers during the 12-day war, stating that all refineries are currently operating at full capacity, with fuel transportation and distribution proceeding smoothly.
deputy CEO of the National Iranian Drilling Company (NIDC) announced a comprehensive plan to modernize its drilling fleet, localize equipment production, develop a national drilling engine, and repair and complete 150 oil wells by March 20, 2026.
The director of South Pars Gas Refinery No. 3 announced the start of a overhaul aimed at ensuring stable gas production during the cold season. The operation, carried out with extensive support from technical and maintenance teams, will last 28 days.
Iran recorded the highest increase in crude oil production among all countries in 2024, boosting its daily output by 374,000 barrels, while top producers like Saudi Arabia and Russia saw significant declines, according to the latest OPEC statistics.
The eighth refinery of the South Pars Gas Complex has begun a major overhaul, with more than 250,000 man-hours of work scheduled, according to the refinery’s director.
The managing director of the National Iranian Drilling Company (NIDC) said that purchasing 15 new drilling rigs for the oil and gas industry is on the agenda.
Oil Minister Mohsen Paknejad emphasized that aggression against energy-producing countries violates international law and threatens global stability, stating that the energy industry—particularly oil—requires peace and stability to fulfill its role in enhancing prosperity at national, regional, and global levels.
The CEO of the National Iranian Gas Company (NIGC) said that between 95% and 98% of Iran’s population has access to natural gas, adding that a significant portion of the country’s gas is used to fuel power plants during the summer.
Power plants in Iran consumed more than 2 billion cubic meters of natural gas last week, accounting for the largest share of the country’s total gas usage across three main sectors: power generation, major industries, and residential-commercial-minor industries.
Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Monday that the government is looking at various projects in Norway with an eye on expertise to upgrade and expand India’s energy capabilities.
The CEO of Pars Oil and Gas Company (POGC) stated that during the 12-day war, South Pars platforms continued operations uninterrupted. Alongside maintaining stable gas extraction, major overhauls proceeded as planned, with 11 platforms successfully completed so far.
NIDC's CEO prioritizes localizing key equipment and increasing domestically manufactured components in drilling projects, resulting in $7 million savings from the construction of its third domestically built rig.
The deputy governor of the Central Bank of Iran (CBI) for monetary policy said the banking network supports the capital market and shareholders through the stock market management, and the use of monetary and credit policy tools.
Referring to the government's policy of developing solar power plants in the country, the director of the engineering office of the Iranian Water and Power Resources Development Management Company said: "Based on this, the construction of solar power plants next to dams has been put on the agenda."
Iran has boosted its oil production to a near-record 5.1 million barrels per day in 2024, defying U.S. sanctions and Israeli aggression, with domestic companies and the IRGC driving the surge, according to a Bloomberg report citing the UK Energy Institute.
The latest summit of the Economic Cooperation Organization (ECO), held in Khankandi, Azerbaijan, brought renewed attention to the untapped economic potential of the region.
A member of the Iranian Parliament's Energy Committee praised the Oil Ministry and NIORC for their timely and effective measures in meeting public gasoline needs.
The Trump administration imposed new sanctions targeting Iran’s oil trade on Thursday as part of its maximum pressure campaign, the US Treasury Department announced.
