The head of the Chamber of Commerce for Northeast Oman said Iran’s West Azarbaijan province offers exceptional development potential, adding that Oman is ready to invest in the region.
IRAN Feed Atom
The director-general of HSE at the Ministry of Oil announced the deployment of expert and HSE teams from the ministry and the National Iranian Oil Refining and Distribution Company (NIORDC) in response to the incident at Shahid Rajaee Port in Bandar Abbas.
Iran’s first vice president announced the country’s readiness to accelerate Africa’s industrial growth through petrochemical exports.
Iran has launched its annual overhaul of gas platforms at the South Pars field to ensure stable output during the high-demand winter months, a senior official said.
Persian Gulf Star Refinery is operating under safe conditions, and the explosion at Shahid Rajaee Port in Bandar Abbas of the southern province of Hormuzgan has no connection to the refinery’s oil storage tanks or facilities.
The manager of Karun Petrochemical Complex announced that the facility broke Iran’s monthly isocyanate production record over the past four years.
Arvand Petrochemical has significantly increased production of various PVC grades by addressing challenges and implementing development strategies, playing a key role in stabilizing Iran’s PVC market.
The International Monetary Fund (IMF) has projected a modest improvement in Iran’s economic outlook, with the country’s gross domestic product (GDP) expected to grow by 1.1 percent in 2026.
Iran plans to increase its crude oil production by 400,000 barrels per day (bpd) within the next eight months, according to the head of the National Iranian Oil Company (NIOC).
The CEO of the National Iranian Gas Company (NIGC) emphasized the need to achieve the objectives of the Seventh Development Plan, announcing the start of negotiations and operational measures to connect to Russian gas supplies.
The supervisor of the 35-well infill drilling project at South Pars Field announced that drilling has begun on the fifth well in the project, located in phases 15 and 16.
Iran’s oil minister said the potential for trade and economic cooperation between Iran and Russia is far greater than $5 billion, adding that the goal is not just to reach $10 billion but to elevate relations to even higher levels through agreed-upon frameworks.
South Pars field produces 4.5 million barrels of crude oil daily, supplying Iran's gas and gasoline production, and accounting for 40% of the country's consumed gas and gas condensates.
Iran’s ambassador to Russia announced that Iran and Russia are determined to expand bilateral cooperation in various fields, including the International North-South Transit Corridor (INSTC), transit projects and gas transfers.
Gas production from Phase 11 of the South Pars field has reached 20 million cubic meters per day (mcm/d) following the completion and commissioning of the eighth well, the managing director of Pars Oil and Gas Company announced.
Major repairs and installation of a new heat exchanger have increased the gasoline production capacity at the Persian Gulf Star Refinery by three million liters.
The investment director of the National Iranian Oil Refining and Distribution Company (NIORDC) emphasized the need for a detailed strategic plan to achieve the refining industry’s vision, stating that implementing new policies to attract investment, ensure energy security, and improve supply chain efficiency is essential.
The National Iranian Oil Company is planning to invest in 50 gas fields to boost daily gas production capacity by 500 million cubic meters.
The 18th meeting of the Iran-Russia Joint Economic Committee will be held in Moscow from April 22 to 24, aimed at expanding bilateral cooperation between the Islamic Republic of Iran and the Russian Federation.
The CEO of the National Petrochemical Company (NPC) said the petrochemical industry is expanding along the coasts of the Persian Gulf and the Sea of Oman due to favorable infrastructure and access to open waters, with new investors being concentrated in the Makoran region.