The CEO of Iranian Oil Terminals Company (IOTC) stated that the continuous uninterrupted oil exports, a crucial economic development factor, are largely due to the diligent efforts of its employees.
IRAN Feed Atom
Iran remains the third-largest producer in OPEC, with daily oil output reaching 3.314 million barrels in December 2024, according to the first 2025 report.
The head of the Engineering and Development Department of the National Iranian South Oil Company (NISOC) announced the use of downhole pumps to boost and maintain production from low-pressure wells.
The Negin Makran Petrochemical Development Company has invested €10 billion in establishing Chabahar’s third petrochemical hub to develop complexes and complete the methane gas value chain, aiming to end Iran’s raw petrochemicals exports.
The head of Iran's Civil Aviation Organization has announced that a French company is prepared to sell jet fuel to Iranian airlines, despite higher costs.
The deputy CEO of NIORDC has stated that the company's internal capacities are insufficient to meet the demands of the refining and distribution industry.
The CEO of Pars Oil and Gas Company (POGC) highlighted the South Pars gas field as the largest integrated asset for Iranians, crucial for energy needs and GDP.
The Petroleum Engineering and Development Company's procurement and logistics manager emphasized the need for swift acquisition of high-quality supplies for strategic projects in shared oilfields.
The National Iranian Oil Refining and Distribution Company (NIORDC) reported a daily increase of over 10 million liters in gasoline production from December 2024 to December 2025.
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.
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.