ICOFC has announced 11 investment packages worth $9.0 billion to develop gas fields, aiming to increase daily gas production capacity by 100 to 140 million cubic meters.
IRAN Feed Atom
Iran’s private sector has expressed strong support for the beginning of indirect talks between Tehran and Washington, citing the potential for improving the country’s economic landscape.
The operator of the Kish Gas Field development project announced the completion of drilling the ninth well, stating that the upstream section of the project has now achieved the capacity to produce 18 million cubic meters of gas per day.
The 13th refinery handover process from Pars Oil and Gas Company to South Pars Gas Complex has been accelerated following approval from NIOC and NIGC CEOs in the new year.
The director of the West Karoun Power Plant construction project and its ancillary facilities said the plant’s units are injecting more than 200 megawatts of electricity into the national grid.
Iran’s Oil Ministry has significantly ramped up natural gas deliveries to key industrial sectors in the early weeks of the new Iranian year, following a successful winter of uninterrupted supply to households.
The CEO of Pars Oil and Gas Company (POGC) said identifying opportunities, outlining investment risks, and enhancing the appeal of contract models are the most important factors in attracting investment to the oil industry.
A joint meeting between executives from Arvandan Oil and Gas Company and a leading Russian firm was held to discuss technological needs and exchange expertise in advanced energy solutions.
Iran’s daily crude shipments to China reached 1.91 million barrels. At least 1.8 million tonnes of Iranian oil arrived in China in March, transported by 10 tankers, as reported by TV BRICS.
The US on Thursday imposed new sanctions on entities and vessels linked to Iran’s oil industry, stepping up pressure on Tehran just days before talks between the two countries in Oman.
Iran plans to expand its petrochemical production capacity by 9.0 million tons in the current Iranian year (ending March 2026), according to the head of the National Petrochemical Company (NPC).
The CEO of South Pars Gas Complex (SPGC) has emphasized the importance of a flaring reduction project as a key initiative for the year 1404 (2025-26).
Iran’s oil minister announced a meeting with foreign ambassadors next week, emphasizing that Iran welcomes foreign countries—especially neighboring nations—to invest in its oil industry.
Iranian President Masoud Pezeshkian said that his administration is committed to supporting investment in renewable energy, unveiling incentive packages aimed at encouraging private and public sector participation in the sector.
The CEO of Karoun Petrochemical Company announced a 17.4% increase in production in 2024 compared to 2023.
The commercial manager of the South Pars Gas Complex (SPGC) announced the localization of approximately 11,700 goods and equipment, stating that this initiative aims to strengthen domestic production, reduce reliance on imports, and support Iranian manufacturers in line with the year’s slogan.
The CEO of Petroleum Engineering and Development Company (PEDEC) emphasized investment as the key prerequisite for realizing new oil and gas production capacities and stressed the need for active private sector participation.
The National Iranian Oil Company (NIOC) is set to host an event this spring aimed at transforming investment and development in Iran's upstream oil and gas sector.
The National Iranian Oil Refining and Distribution Company (NIORDC) has announced that the South Adish and Mehr Persian Gulf refineries will be operational by the end of this year.
NIDC CEO announces $800 million investment from Iranian Oil Company for 15 onshore drilling rigs, with $200-$300 million from forex reserves for ancillary equipment.