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.
IRAN Feed Atom
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%.
The CEO of Arvandan Oil and Gas Company announced a 2,000-barrel increase in oil production from the South Azadegan joint field.
The National Iranian Oil Company (NIOC) has announced its official crude oil prices for January 2025, IRNA reported.
The National Iranian Gas Company reported a 20% increase in gas consumption in residential, commercial, and small-scale industrial sectors compared to the same day last year.
The First Vice President of Iran, Mohammadreza Aref, chaired the High Council for Strategic Development, which convened to discuss housing development and energy imbalance mitigation programs in the gas sector.
Oil Minister Mohsen Paknejad emphasized the urgency of the South Pars pressure boost project, stating it is “more needed than daily bread” for Iran.
Iran's deputy energy minister has announced that renewable electricity generation capacity will reach 4,800 MW by March 20, 2025.
The Iranian oil minister announced that creating a secure and transparent environment for investors is a priority of the Oil Ministry.
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.