The production and operations manager of Pars Oil and Gas Company (POGC) announced the completion of the overhaul of the South Pars Phase 14 gas platforms and their return to operation.
IRAN Feed Atom
The National Iranian Gas Company's director of production coordination has proposed measures to ensure stable gas supply and a safe winter season, including early major overhauls and equipment supply chain improvements.
PEDEC has signed two major subsurface drilling contracts to expedite the development of the Paydar Gharb oilfield, a shared reservoir with Iraq.
Iranian Parliament's Energy Committee member reports proposal for Energy Ministry to consolidate energy sector management under review, requiring further discussions on implementation and organizational structure.
NIOPDC CEO confirms that the subsidized diesel fuel quota price for urban and intercity transport fleets with verified performance will remain at 300 tomans per liter.
Iran plans to commission two new oil refineries and three fuel quality upgrade projects by the end of the current Iranian year (March 2026), the head of the National Iranian Oil Refining and Distribution Company (NIORDC) announced on Saturday.
Oil Minister Maksen Paknejad announced at a cabinet meeting Sunday that one major oil or petrochemical project will begin operations each month from late May through the end of the year.
The director of Iran's National Oil Engineering and Construction Company has announced that the Real-Time Monitoring Plan for the Supply and Distribution Chain of Petroleum Products will be operational by March 2026.
Iran’s crude oil storage capacity has increased by 2 million barrels following the commissioning of two refurbished tanks at the Kharg oil terminal in the operational zone.
The CEO of Petrochemical Industries Development Management Company (PIDMCO) announced that the firm is currently managing 25 projects valued at over $11 billion despite challenging sanctions. Some of these projects are among the largest national initiatives, and their completion is critical for boosting production and strengthening the economy.
Iran exported $67 billion worth of oil in the Iranian calendar year 1403 (ended on March, 20, 2025), marking its highest oil revenue in the past decade, according to estimates by the Central Bank of Iran (CBI).
The acting head of Iran Gas Engineering and Development Company announced that the gas storage capacity at the Sarajeh field will increase to 1.5 billion cubic meters (bcm) per year upon completion of its second phase.
The CEO of Isfahan Oil Refining Company stated that the Residual Hydrotreating Unit (RHU) upgrade project is progressing swiftly without any stoppages or major issues. The only current obstacle is delays in procuring certain project materials due to suppliers failing to meet commitments.
The CEO of Pars Oil and Gas Company (POGC) outlined necessary measures to advance the gas pressure-boosting project in South Pars, including providing a comprehensive operational plan, making timely decisions and meeting set deadlines.
Iran’s Free Zones High Council announced that commodities valued at $800,000 were exported from Chabahar Free Trade Zone, in southeast of the country, during the first Iranian calendar month Farvardin (March 21-April 21).
The Isfahan Oil Refinery has successfully produced heptane solvent for the first time in Iran. This product plays a significant role in reducing air pollution by cutting MTBE consumption.
Head of Iran’s Trade Promotion Organization (TPO) Mohammad-Ali Dehqan Dehnavi met with Qatar’s Customs Authority Chief Ahmed Al-Jamal, on the sidelines of Iran Expo 2025, stressing the need to enhance commercial ties and develop trade infrastructure to increase bilateral trade volume.
The vice chairman of the Iranian Parliament’s Energy Committee said investment in the upstream oil sector is a strategic move that drives economic growth, improves livelihoods and enhances public services.
The government spokesperson announced that shallow oil well drilling operations have begun along the Caspian Sea coast after nearly 30 years, praising the efforts of the Oil Ministry’s staff.
Touraj Dehghani, CEO of Iran's Pars Oil and Gas Company, said that his company has four plans to develop gas fields, including Kish, North Pars, Bilal, and Farzad, in the next five years, and its goal is to increase extraction by 200 to 250 million cubic meters.