Iran’s crude oil production increased by 37,000 barrels per day (bpd) in November compared to the previous month, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC).
IRAN Feed Atom
Iran and Serbia reaffirmed their commitment to strengthening economic cooperation during a meeting between Serbia’s ambassador and Iran’s minister of finance and economic affairs.
Iranian Oil Minister Mohsen Paknejad has been elected as the rotating president of the Organization of the Petroleum Exporting Countries (OPEC) for 2025.
Iran will soon sign contracts to increase gas production capacity before the end of the current Iranian calendar year (late March 2025), Oil Minister Mohsen Paknejad stated.
The Iranian minister of oil outlined key decisions from the 189th (Ordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC), emphasizing the importance of public cooperation for stabilizing the gas network.
Shazand Oil Refinery's managing director reported 95% localized parts and equipment, with hopes to reach 100% by year-end through collaboration with domestic manufacturers and producers.
The director of the National Gas Network Operations Control Center announced that with the arrival of new cold fronts, daily gas consumption in the residential, commercial, and small industrial sectors hit a record high of 600 million cubic meters on December 9.
The Iranian government spokesperson said: "While the imbalance in gasoline supply is a reality, there is no plan to increase gasoline prices."
Iranian President Masoud Pezzekian stated that excessive consumption of gas and electricity is putting a lot of pressure on the supply network, warning: "If we do not save money, we may be forced to cut off gas in the winter."
The National Iranian Gas Company reported a 25% increase in gas consumption by residential, commercial, and small industrial sectors, with 70% of gas delivered on Sunday.
The second meeting of the review and management of the energy imbalance in Iran was held with the presence of the vice presidents of Iran and several ministers involved in economic affairs, hosted by the Ministry of Oil.
Iran's Petroleum Industry Research Institute has expressed its readiness to cooperate with Gas Exporting Countries Forum (GECF) member states across the upstream and downstream oil and gas sectors, the institute's head said on Saturday.
Iran's Oil Minister clarified that increasing oil production capacity is a priority for the Ministry of Petroleum under the 14th administration, without any connection to potential restrictions.
Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF), speaking at the 26th Ministerial Meeting in Tehran on Sunday highlighted the organization’s growth and future goals.
Iran's Oil Minister Mohsen Paknejad highlighted the importance of cooperation in the global energy sector at the 26th Gas Exporting Countries Forum Ministerial Meeting in Tehran.
The ambassador of the Islamic Republic of Iran to Mauritania consulted and exchanged views with the Minister of Energy and Oil of that country regarding the strengthening of bilateral cooperation.
Minister of Oil Mohsen Paknejad highlighted the importance of strengthening collaboration among member states of the Gas Exporting Countries Forum (GECF) ahead of the group’s 26th ministerial meeting.
The US is sanctioning two Indian shipping sector companies alleging that they played a “critical role” in transporting Iranian oil in defiance of the US embargo.
The minister of oil emphasized Iran's resilience, stability, and high level of security under current conditions, highlighting the presence of energy and oil ministers from the Gas Exporting Countries Forum in Tehran.
The South Pars joint gas field's gas platforms were successfully overhauled through a well-planned, collaborative, and HSE-enhanced operation, ensuring safety and efficiency.