The managing director of Karoun Oil and Gas Production Co. announced a historic milestone in March 2025, with daily crude oil output reaching 1 million barrels for the first time.
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Iran’s daily gasoline distribution grew nearly 7% this year (started March 21), reaching a record of more than 200 million liters in a single day, according to the head of the National Iranian Oil Products Distribution Co.
From the 14th government's incumbency to Tir (July 22), the Iranian Investment and Economic and Technical Assistance Organization approved 595 foreign investment projects worth $20.379 billion.
Iranian Oil Minister has established a task force for the collection of flare gases.
Iran has unveiled its first advanced F-class gas turbine with a capacity of 222 MW, with Energy Minister Abbas Aliabadi in attendance. This was reported by Alalam News Network.
The United Kingdom government imposed sanctions on one Iranian individual and four entities on Wednesday with the accusation of what has been called "facilitating Tehran's cross-border activities”.
Ramin Hatami, the integrated planning manager of the National Iranian Oil Company (NIOC), said that the South Ilam Flare Gas Gathering Project (NGL 3100) will convert hundreds of millions of cubic feet of gas annually into feedstock for downstream industries and petrochemical plants.
The US announced new sanctions Thursday targeting individuals and companies it alleged were facilitating Iran’s illicit oil sales.
Iran’s crude oil production rose by about 200,000 barrels per day (bpd) in July, according to the International Energy Agency (IEA), which reported the country’s output reached 3.27 million bpd.
Iran’s oil minister said Wednesday the country has no unsold crude stored offshore, adding that all oil shipments are planned in line with market conditions.
Iran is set to begin importing premium gasoline to meet the needs of certain vehicles and balance supply and distribution in the domestic fuel network, the Oil Ministry announced.
Iran has begun registering privately owned gasoline vehicles, model year 2018 and newer, for free conversion to dual-fuel systems, the head of the National Iranian Oil Products Distribution Co. announced.
Iran's President Masoud Pezeshkian visited Armenia to strengthen bilateral relations in transport, infrastructure, and trade sectors, discussing strategic cooperation in transit corridors, regional connectivity, and economic partnerships.
The International Energy Agency reported that Iran’s crude oil production rose by about 200,000 barrels in July.
Cumulative gas production from Phase 11 of the South Pars development has climbed to 357 billion cubic feet, up from 120 billion cubic feet at the start of the 14th administration — a threefold increase.
The head of Iran’s National Petrochemical Company stressed the importance of encouraging downstream producers to manufacture environmentally friendly plastics, saying the approach must be a priority in the industry’s development plans.
member of Parliament’s Energy Committee of Iran praised the Oil Ministry’s performance in capturing associated petroleum gas, saying the 14th administration has taken effective steps to reduce the waste of this national resource.
The production and operations manager of Pars Oil and Gas Company announced the replacement of 32-inch main emergency shutdown valves (ESDVs) on South Pars Gas Platform No. 10 to enhance safety and production stability.
Iranian Oil Ministry source has denied reports suggesting that the country is grappling with an increasing stock of crude oil held afloat.
Iran’s Trade Promotion Organization (TPO) and the Iran Chamber of Guilds (ICG) signed a cooperation agreement aimed at harnessing the capacity of guilds to expand the country’s exports.