Iran's government is promoting Compressed Natural Gas (CNG) to reduce gasoline dependency and improve air quality, but challenges like weak policies and funding priorities hinder its full potential.
IRAN Feed Atom
The National Iranian Oil Company (NIOC) has set Iran’s April crude oil prices, with Iran Light crude for Asian customers priced about $4 above the Oman/Dubai benchmark.
Iran has brought the eighth well of Platform B in Phase 11 of the South Pars gas field into production, adding approximately 3.0 million cubic meters per day (mcm/d) to the country’s natural gas output, according to the head of Petropars Group.
The CEO of the National Petrochemical Company (NPC) stated that unfinished petrochemical projects must be reviewed, adding that lawmakers have set a deadline of late September 2025 to resolve their status.
The Iranian Oil Minister expressed confidence that the OPEC+ Joint Ministerial Monitoring Committee (JMMC), using its experience in accurately assessing market developments, will help member countries play an active, accurate, and prudent role in the oil market.
National Iranian Oil Refining and Distribution Company has increased gasoline production at the Isfahan refinery by two million liters per day, according to the company’s head.
The United States has imposed a new round of sanctions targeting the independent Shouguang Luqing refinery in China, which imports up to 60,000 barrels of Iranian crude oil per day.
Iran's gas industry achieved 95% national gas coverage in 2024-2025, despite challenges, through infrastructure expansion, international agreements, and innovative technologies like smart meters and domestic turbines.
Abadan Oil Refining Company CEO reports a 3-million-liter increase in gasoline production under the 14th administration, accounting for 17% of the country's gasoline, 22% of diesel, and 42% of mazut.
Gasoline consumption in Iran reached over 150 million liters on Tuesday, marking a 17% increase compared to the same period last year.
Iran's National Oil Refining and Distribution Company CEO aims for faster implementation of RHU project at Isfahan refinery to reduce air pollution, increase profitability, and prevent fuel import costs.
"During the operation on Monday, the IRGC Navy seized two tankers called Start 1 and Vintage, which were carrying more than three million liters of smuggled diesel fuel," PressTV reports.
PIDMCO CEO plans to engage with new technology-based firms in 2014, aiming to participate in at least one international project involving technical and engineering services, execution, and commodity supply.
The CEO of the Iranian Central Oil Fields Company (ICOFC) outlined the company’s major achievements in 1403 and announced plans for technical and contractual negotiations to develop 16 gas fields and launch key projects in 1404.
Arvand Petrochemical Company, which has previously localized dozens of equipment, catalysts, and chemicals, has successfully designed and produced an electric heater used in its sulfuric acid concentration unit in collaboration with domestic experts.
Oil minister emphasized prioritizing refining projects based on the available financial resources, and stated that attracting public investments for implementing small-scale refining projects is on the agenda.
The National Petrochemical Company (NPC) is focusing on attracting new investments in the new Iranian calendar year to boost production and complete the value chain.
NPC's investment management department aims to boost output and complete the value chain by attracting new investments in the "Year of Investment for Production."
The CEO of South Pars Gas Complex (SPGC) highlighted the facility’s vital role in Iran’s economic growth, stating that in the past Iranian year (1403, ended March 20), the complex produced over 243 million barrels of gas condensates, more than 606,000 metric tons of granulated sulfur, over 2.5 million metric tons of butane, about 3.7 million metric tons of propane, and more than 1.8 million metric tons of ethane.
Iranian Energy Minister Abbas Aliabadi said that the country’s power plant industry is being prepared for the attraction of private sector investment.