According to a report by tanker-tracking firm TankerTrackers.com, the Islamic Republic of Iran has exported approximately 18 million barrels of crude oil over the past five days, generating an estimated $1.44 billion in revenue.
IRAN Feed Atom
Iran’s polymer and plastics market has stabilized as petrochemical plants gradually return to production and product supplies increase on the commodity exchange, according to the spokesperson for Parliament’s Energy Committee.
The 10th International Iran Renewable Energy Conference and Exhibition (IRAN REC 2026) will be held concurrently with the 7th edition of the National Renewable Energy Award on July 20 and 21 at the Milad Tower International Conference Center.
Iran’s petrochemical industry is steadily restoring production capacity lost during the recent conflict, demonstrating its resilience and strategic importance to the country’s economy.
The oil Ministry has launched an accelerated program to boost onshore natural gas production, with authorities mobilizing all available resources to increase supply alongside field development and associated gas recovery projects, Oil Minister Mohsen Paknejad said.
The permanent meeting of the Technical Committee of the Asian Clearing Union (ACU) was hosted by the Central Bank of Iran (CBI), focusing on the use of member countries’ national currencies within the ACU framework, upgrading the Union’s infrastructure for exchanging financial messages, and expanding the ACU’s capacity through enhanced knowledge-sharing.
The Deputy Oil Minister and Managing Director of the National Petrochemical Company, announcing that through efforts made, about 38 percent of the petrochemical industry capacity that had been lost or affected has returned to production, said: Today, the market for polymer and plastic products has reached relative stability, and even for some products, in the current situation, production exceeds domestic demand.
The project manager for the development of South Pars phases 22-24 said: With the start of drilling operations for new wells in these phases in the near future and the completion of the remaining sections, the rich gas production capacity of this project will increase by approximately 4 million cubic meters per day.
Iran’s Supreme National Security Council (SNSC) said the Memorandum of Understanding (MoU) announced by Tehran and Washington on Monday morning will end war on all fronts, including Lebanon.
A new production well has been brought online at Phase 11 of the South Pars gas field, boosting output from the project to more than 26 million cubic meters of rich gas per day, according to the head of Pars Oil and Gas Company.
The Director General of Khorramshahr Port and Maritime Department announced the successful completion of the first liquefied petroleum gas (LPG) export operation via combined transport to destinations in Afghanistan and Pakistan.
Iran's geographical position can turn the country into the main energy transit route between Central Asia and the Persian Gulf – a capacity that plays a key role in the region's economy.
The supply of petrochemical products to Iran’s downstream industries is improving, with higher product availability and continued price stability helping the market move toward balance, according to a senior official at the National Petrochemical Company (NPC).
South Pars Phase 11 has produced a cumulative 16.6 billion cubic meters of rich gas, with an energy value equivalent to approximately 100 million barrels of crude oil, according to the project manager for the phase’s development.
The development of the Belal gas field, as one of the key and strategic projects of the oil industry in the Persian Gulf, has entered a new implementation phase with significant technical progress in drilling and platform construction.
Developing compressed natural gas (CNG) infrastructure is one of the most effective ways to reduce gasoline consumption, a member of Parliament’s Energy Committee said, stressing that past experience has demonstrated CNG’s significant role in managing fuel demand.
A member of parliament said the Oil Ministry’s performance during the recent conflict helped prevent fuel and energy shortages across the country despite attacks on critical infrastructure.
The CEO of the National Iranian Oil Company (NIOC) said: "The reconstruction of damaged facilities in the oil industry is being carried out with full force and as quickly as possible, and the rebuilding process is proceeding phase by phase."
Iran’s Minister of Industry, Mining and Trade Atabek, in a meeting with the Minister of Heavy Industries of India, emphasized the expansion of economic, trade, and investment cooperation between the two countries.
Oil Ministry is ready to implement a system linking fuel cards to bank cards, but the plan requires cooperation from the Ministry of Economic Affairs and Finance, Oil Minister Mohsen Paknejad said Sunday.