Jafari, NIOC Exploration Department head, emphasized the need for improved drilling project execution to accelerate hydrocarbon resource discovery by eliminating obstacles and adding new rigs.
IRAN Feed Atom
Farokh Naseri-Karimvand, technical director of NISOC, announced a pilot water injection project that could increase recoverable oil reserves in southern regions by over 5 billion barrels.
Hossein Afshin, Vice President of Iran for Science, Technology, and Knowledge-Based Economy, stated that the 14th government is committed to resolving the energy imbalance within the next three years.
The National Petrochemical Company's CEO reported that the industry exported $10 billion in the first nine months of 2024, with projections estimating it to reach $13 billion by yearend.
The CEO of NIORDC emphasized the need for diversification in Iran's fuel portfolio, stating that increasing production alone won't solve the imbalance in liquid fuel supply.
The National Iranian Gas Company (NIGC) exceeded its target for injecting sweet gas into the national grid this winter, reaching daily records of 872 million cubic meters.
The CEO of NIOPDC plans to diversify Iran's vehicle fuel portfolio by adding liquefied petroleum gas, in line with the 7th Development Plan.
First Vice President of Iran Mohammadreza Aref praised the Oil Ministry for its significant production boost during the 14th administration, despite facing numerous challenges.
Oil Minister Mohsen Paknejad emphasized that a total of $120 billion is needed to achieve the quantitative goals of the 7th Development Plan, aimed at increasing oil and gas production capacity.
Iran's Minister of Energy and Iraq's Minister of Electricity and Energy met to discuss electricity exchange and the export of technical and engineering services in the power sector.
Karoon Oil and Gas Production Company's CEO reported a daily sweetening of 600 million cubic feet of gas and the lowest gas flaring rate among oil production companies.
The National Iranian Gas Company's managing director is satisfied with the 80% progress in gas supply to Chabahar and has approved the Makoran steel pipeline development, which will significantly contribute to the country's economic cycle.
Iranian Oil Minister Mohsen Paknejad emphasized the importance of collaborating with private sector players in the oil industry for the country's progress and salvation.
The spokesperson for the National Iranian Gas Company announced that 867 million cubic meters (mcm) of natural gas were delivered to the national grid on Wednesday.
President of Iran Masoud Pezeshkian stated that transitioning to clean energy and revising development policies is essential.
Iran is pushing to free 25 million barrels of the country’s oil that has been stuck for six years in Chinese ports because of sanctions imposed by Donald Trump during his first presidency, sources have said.
The CEO of Iran Gas Engineering and Development Company announced that the second phase of the gas storage development project in the Sarajeh field in Qom is 71% complete.
Iranian Gas Transmission Company CEO reported a 40 million cubic meter increase in gas transmission across the country, reaching 872 million cubic meters on Tuesday.
The CEO of the National Iranian Petrochemical Company emphasized the importance of utilizing all available capacities in the country to develop and diversify export markets with the goal of expanding exports.
The average daily delivery of liquid fuel to power plants in the first 15 days of Dey, the tenth month of the Iranian calendar year, increased by 25%.