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.
IRAN Feed Atom
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.
The CEO of Abadan Oil Refining Company announced the production of fuel for light aircraft using a new formulation at the refinery. Fardin Rashidi stated that the product is sulfur-free and of significantly higher quality than previous fuels.
The CEO of the South Pars Gas Complex emphasized that this year’s overhaul process has been more organized than in previous periods and announced that refineries are being prepared for stable production ahead of the upcoming winter.
Former CEO of NITC emphasizes the importance of supporting Iranian investors in oil and gas sector for public welfare, focusing on domestic and foreign investors.
The US has imposed new sanctions on Iran's oil exports, including against a China-based refinery, as part of President Trump's efforts to intensify sanctions on Tehran.
Iran, with its vast gas and oil reserves, geopolitical position, and top 10 mineral status, has the potential to become a key chemical production and export hub.
The Iranian Oil Company has launched 15 energy optimization projects in industrial, construction, and transportation sectors to attract investment and reduce energy consumption.
The National Iranian Drilling Company (NIDC) reported a 6% increase in technical and specialized services performed in the past year, according to its technical deputy.
The development of electric vehicle (EV) infrastructure has begun under the Iranian Oil Ministry, following a recent approval by the Economic Council.
Iran’s Energy Ministry announced on Thursday that 15 newly constructed solar power plants with a combined capacity of 100 megawatts are ready for operation across the country, despite a delay in the official inauguration ceremony originally planned for this week.