The Iranian oil minister announced that creating a secure and transparent environment for investors is a priority of the Oil Ministry.
IRAN Feed Atom
The first private sector oil dock in the South Pars region has successfully entered operational service after completing its first fueling operation.
Petropars Group's CEO reported a surge in gas production from Phase 11 of South Pars (Well No. 12) following acidizing operations, citing unity and collaboration within the group.
The President of Iran has ordered the establishment of the Organization for Strategic Energy Optimization and Management to address the energy imbalance in the gas sector.
Bushehr Petrochemical Company produced 3 million tons of petrochemical products and 547 million cubic meters of utility services in the first nine months of 2024.
The National Iranian Petrochemical Company (NPC) and Zagros Petrochemical Company signed a memorandum of understanding to exploit Zagros petrochemical resources in support of a campaign aimed at reducing domestic and commercial gas and electricity consumption by 10 percent.
The National Iranian Gas Company reported that residential, commercial, and small industrial sectors consumed 635 million cubic meters of sweet gas, accounting for 75% of the total gas supplied to the national grid.
TankerTrackers, a shipping analytics company, reported a surge in Iran’s crude oil exports during the latter half of December 2024, following slow growth earlier in the month.
The National Iranian Gas Company reported a surge in residential, commercial, and small-scale industrial gas consumption to 617 million cubic meters on Wednesday.
The project manager for the development of Phase 11 of South Pars announced the completion of the acidizing operation on the seventh well of the SPD11B platform in the shared South Pars gas field.
The oil minister emphasized the need to manage consumption and increase energy production capacity, stating that gas production is currently at full capacity to ensure winter passage.
Emphasizing the importance of petrochemical refineries and mini-refineries, Iran's Oil Minister discussed and reviewed plans to reduce crude oil exports.
The deputy minister of oil for gas affairs emphasized the stability of the national gas network, citing effective network management and cooperation with the National Iranian Gas Company.
The deputy for operations and support at Pars Oil and Gas Company (POGC) announced a record daily production of 714 million cubic meters (mcm) of gas at the South Pars field.
The South Pars Gas Complex's third refinery produced 14.086 million barrels of gas condensate in the first nine months of the current Iranian year (started March 20), according to refinery director Mohammad-Shafi Moazeni.
Iranian oil minister Ali-Mohammad Mousavi has been appointed as Iran's representative to various international bodies, including OPEC, GECF, and IEF.
NIOC's managing director announced plans to establish a specialized AI department during the Shahid Tondgouyan Digital Oil and Gas Fields Competition.
The managing director of Pars Oil and Gas Company (POGC) announced that the first gas well of the South Pars Infill Drilling Project will be operational within the next month.
Expanding the use of compressed natural gas (CNG) in Iran could save 20 million liters of gasoline annually within three years, according to Ali Mahmoudian, head of the National Association of Alternative Fuels and Related Services.
Iran's petrochemical industry celebrates 60th anniversary, generating $16 billion in revenue despite sanctions, according to the Parliamentary Oversight Board on Oil, Gas, and Petrochemical Industries.