IRAN Feed Atom

Iran sets numerous records in gas production
3 February 2026
11:00 AM
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Statistics from the Ministry of Petroleum in the 14th government indicate numerous and historic record-breaking achievements in gas production. This achievement, though shadowed by suboptimal consumption which diminishes its delight, has been realized solely through the perseverance of oil industry personnel, integrated management, and precise planning, painting a picture of our beloved Iran's strength.

NIDC accelerates drilling fleet expansion under Seventh Development Plan
2 February 2026
9:09 AM
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country's drilling industry has entered a new phase of development under the seventh five-year development plan, focusing on expanding drilling fleet capacity and improving operational efficiency. This phase prioritizes acquiring new rigs, modernizing the existing fleet and enhancing key performance indicators to support increased oil and gas production.

First downhole pump comes online at South Azadegan oil field
1 February 2026
9:27 AM
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The first electric submersible pump (ESP) at the South Azadegan oil field has been successfully installed and commissioned at well No. 93, drawing on the expertise of domestic specialists. Officials expect that completing the installation of 50 ESPs by June 2026 will add about 35,000 barrels per day to the field’s production capacity.

1,700 NTBFs partner with NPC
29 January 2026
5:22 AM
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More than 1,700 new technology-based firms (NTBFs) and domestic manufacturers are now working with Iran’s petrochemical industry, with more than 120 trillion rials ($12 trillion tomans) allocated last year to expand these capabilities, an industry official said.

NIDC brings 12 new gas wells online
27 January 2026
8:17 AM
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The National Iranian Drilling Company (NIDC) has brought 12 new gas wells into production under a drilling contract with the Central Iranian Oil Fields Company, strengthening gas supply, particularly during the winter season, the NIDC head of said.

South Pars sees 25 mcm in new daily gas capacity
23 January 2026
8:32 AM
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The CEO of Pars Oil and Gas Company announced an additional daily gas extraction capacity of 25 million cubic meters in the South Pars field under the 14th administration, adding that with new wells coming online by year’s end, this capacity will increase to 30 million cubic meters.

Reducing private-sector investment risk in oil industry
22 January 2026
7:33 AM
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The CEO of PetroIran Development Company said the investment volume under a contract to supply four drilling rigs to the National Iranian Oil Company (NIOC) is about $200 million, adding that the public-private partnership (PPP) contract model guarantees the company’s operations for five years, significantly reducing investment risk for the private sector.