spokesperson for Iran’s Union of Exporters of Oil, Gas, and Petrochemical Products stated that the oil market is simultaneously influenced by fundamental factors, countries’ economic conditions, and political developments.
IRAN Feed Atom
Iranian energy minister announced that next week, three new packages, one conventional and two more technical models, will be unveiled for the construction of household solar power plants.
Oil Minister Mohsen Paknejad said Wednesday that Iran’s oil exports are continuing unchanged in volume and terms, adding, “At present, we have no concerns in this regard.”
Iran's Energy Minister, Abbas Aliabadi, launched 316 megawatts of solar capacity across 40 sites, praising local efforts in Mahallat County for driving renewable transition and reaffirming government support for solar investment.
During the 12-day war between Iran and Israel, Iran experienced a 50% increase in gasoline consumption, posing logistical challenges for fuel distribution, but fuel supply remained uninterrupted.
Iran's first vice president reported that gasoline consumption exceeded production by 80 million liters on the first day of the 12-day war, but the economic situation was effectively managed.
A member of the Iranian Parliament’s Energy Committee described the oil industry’s performance during the 12-day war with the Zionist regime as a prime example of infrastructure resilience, centralized command and organizational cohesion.
The CEO of National Iranian Petrochemical Company (NPC) emphasized that cooperation among petrochemical holdings and companies, along with the implementation of NPC’s approved programs during the 12-day imposed war, helped achieve planned objectives in emergency management.
The CEO of Iran’s Offshore Oil Company announced the return of the Salman field’s water injection system to service, stating that with the startup of the gas injection compressor turbine by the end of the first half of this year, oil production from the shared Salman field will increase, and flared gas will also be reduced.
Iran's vice-president reports a nearly doubled demand for motor fuel during Israeli aggression, despite no disruption to fuel supplies despite direct attacks on Iran's energy facilities.
Iran has started gas exports from its Phase 14 refinery's third sweetening train, marking a significant expansion in the country's production and export capacity.
A member of Parliament's Energy Committee praised the Oil Ministry's selfless efforts during the 12-day Zionist regime war, highlighting the selflessness of its employees.
Iran's deputy industry, mining, and trade minister has sent a comprehensive package of support to industries affected by the Israeli-imposed war, with details to be announced if approved.
The CEO of the National Iranian Oil Company (NIOC) described Operation "True Promise 3" as a symbol of the Islamic Republic of Iran's defensive strength and the nation’s decisive response to enemy aggression.
The IMF predicts Iran's GDP to reach $1.746 trillion in 2025, a $51 billion increase from 2024, but a slight decline in GDP per capita.
Iran has successfully launched the fourth gas sweetening train at Phase 14 of the South Pars Gas Field, completing the reception of sour gas from offshore platforms despite heightened regional tensions, the managing director of Petropars said.
The leader congratulates Iranians on their victory over Israel and U.S.
In a video message published two days after fighting between Iran and Israel halted, Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei thanked God, the Armed Forces, and the Iranian people for humbling both the Zionist regime and the U.S. government during the 12-day war that began on June 13 with Israeli airstrikes on Iran's soil.
PEDEC CEO emphasizes the strategic importance of border regions like West Karun, stating that shared oilfield development is progressing with coordinated planning and targeted approach.
Iran’s First Vice President praised the Oil Ministry’s effective role in ensuring stable fuel and energy management during the 12-day aggression by the Zionist regime, saying the ministry once again demonstrated its capability and resilience under difficult circumstances.
The CEO of Pars Oil and Gas Company (POGC) announced the return of the damaged South Pars Phase 14 refinery unit to production, praising the efforts and dedication of employees.