The head of the CNG project at the National Iranian Oil Products Distribution Company said the country has saved $75 billion in gasoline consumption since the start of its CNG industry.
IRAN Feed Atom
Iran and China have signed a cooperation agreement to advance joint deep-sea research within the framework of Iran’s BRICS membership.
The roll-up operation for the four-legged jacket of the Farzad B shared gas field platform was successfully carried out at the Khorramshahr industrial yard.
Iranian Oil Minister Mohsen Paknejad said the country’s oil and gas sector recorded an eye-catching growth in the last Persian calendar year (ended on March 20).
Iran’s exports to Africa doubled in the first half of the current Iranian calendar year (August 23-September 22) compared with the same period last year, the acting head of the Africa office at the Trade Promotion Organization (TPO) said.
The fresh water production capacity at South Pars Gas Complex’s Refinery 10 has increased to 200 cubic meters per hour following specialized maintenance and innovative operational measures.
Brent crude futures fell 58 cents, or 0.9 percent, to $63.81 a barrel. U.S. West Texas Intermediate (WTI) crude fell 59 cents, or 1 percent, to $59.50.
Iran became the fifth-largest importer of gold in the world by recording a demand of 58 tons of gold in the first nine months of 2025. The rate reflects a significant increase in consumption and huge currency pressure.
The first mobile TSP-type multiphase pump station at Well 21 in the Ahvaz field boosted output from 800 to 1,200 barrels per day and will eliminate the annual flaring of 1 million cubic meters of associated gas, according to NISOC.
President Masoud Pezeshkian gave automakers one year to improve engine efficiency or face losing foreign currency and production permits, stressing government-backed adoption of modern technologies and prioritizing safe, electric vehicle production.
Iran's Islamic Revolution Guards Corps (IRGC) Navy has seized an oil tanker off the southern coast of Makran under a judicial order over violations by the vessel.
A senior Chinese business leader in Tehran said Iran–China trade could expand several-fold if structural barriers are removed, citing vast untapped economic and geopolitical potential.
Mohammadreza Joulaei, production coordination and oversight director at the National Iranian Gas Company, announced that the country’s gas network remains stable despite household and commercial consumption nearly doubling due to colder weather, with all refineries fully operational after scheduled maintenance.
Iran’s industrial parks have boosted solar capacity from 23 MW to 400 MW in one year, advancing ISIPO’s plan to power them fully with renewables.
President Masoud Pezeshkian on Wednesday chaired a meeting to review plans aimed at increasing production and addressing imbalances in the country’s energy sector.
The head of oil and gas production supervision at the National Iranian Oil Company (NIOC) described Health, Safety and Environment (HSE) as the backbone of the company’s value chain, emphasizing the importance of HSE participation from the design phase through operations to minimize potential risks.
Iran’s renewable energy capacity is hoped to reach 4,000 megawatts (MW) by the end of the next Iranian calendar month (December 21), according to Mohsen Tarztalab, deputy energy minister and head of the Renewable Energy and Energy Efficiency Organization (SATBA).
The Iranian Parliament’s Research Center has praised the Oil Ministry’s performance during the first year of the Seventh Development Plan, reporting that the ministry’s output exceeded expectations in key areas such as production growth. However, the report noted that financing remains the main challenge to fully implementing the five-year plan.
The director of the CNG project at the National Iranian Oil Products Distribution Company announced the signing of two major agreements with domestic firms active in vehicle gas conversion, saying the contracts—worth a total of $23 million—will help save about 161 million liters of gasoline annually.
Iran and Kuwait have signed a five-point agreement to expand trade and investment following the 13th Joint Trade Committee meeting in Kuwait, held after an 11-year pause, according to the Trade Promotion Organization of Iran (TPO).