The head of the National Iranian Oil Company (NIOC) has announced the allocation of $800 million to the National Iranian Drilling Company (NIDC) for the modernization of the company’s drilling equipment, Shana reported.
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Mustafa Nakhai, a member of Iran’s Parliament says that energy consumption optimization must be pursued seriously.
An Iranian vessel belonging to the National Iranian Tanker Company (NITC) has rescued the crew members of a cargo ship after it had an accident near Kharg Island in the Persian Gulf.
Iranian scientists have achieved a breakthrough in converting oil refinery waste into valuable fuels like petrol, diesel, and liquefied petroleum gas (LPG), thanks to the development of advanced catalysts.
Iran’s crude oil going to China these days is priced at its narrowest discount to Brent in five years.
Iran's National Petrochemical Company (NPC) Acting Head Hassan Abbaszadeh states that the petrochemical industry requires 168 million cubic meters of gas daily for its seventh National Development Plan (2022-2027).
the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) hosted a meeting with Japan’s Ambassador to Tehran Tamaki Tsukada in which the two sides explored avenues for economic cooperation.
Through implementing an accelerated plan to increase gasoline production, the National Iranian Oil Refining and Distribution Company (NIORDC) has boosted the country’s daily gasoline output by over 8 million liters in 76 days.
Hamid Bovard, the head of National Iranian Oil Company (NIOC), appointed Mehran Makvandi as the new managing director of National Iranian Drilling Company (NIDC), replacing Hamidreza Golpayegani in the position, Shana reported.
Iranian President Masoud Pezeshkian highlighted the importance of resolving issues related to joint foreign investment projects, especially in the energy sector, emphasizing the need to utilize the capacities of neighboring countries.
Iran's Economic Council has approved a decision to finance an urgent oil production increase plan using resources from the National Development Fund of Iran. According to the decision, oil production is set to increase by 250,000 barrels per day.
The International Monetary Fund (IMF), in its latest World Economic Outlook, has estimated Iran’s inflation to decline to 31.7 percent in 2024 from 40.7 percent last year.
With the implementation of the 7th National Development Plan, the total gas required by the petrochemical industry is estimated to reach 168 million cubic meters daily.
Former CEO of NIGC emphasizes cooperation among all sectors to address energy imbalance, stating that resolving gasoline and other energy carriers is not solely the Ministry's responsibility.
The head of National Iranian Oil Products Distribution Company (NIOPDC) says the country’s refineries are fully capable of meeting the needs for airplane fuel and Iran does not need to import such products, IRNA reported.
Based on Iran’s seventh National Development Plan (2022-2027), the country’s petrochemical production capacity is planned to increase by eight percent to reach 130 million tons, Shana reported.
revenues are predicted to be 17 quadrillion rials (about $26.153 billion) in the budget bill for the next Iranian calendar year 1404, which is 39 percent more than the figure for the current year’s budget bill.
National Iranian Drilling Company has managed to indigenize the knowledge for manufacturing 610 drilling equipment items in collaboration with domestic manufacturers and engineers over the past two years, an official with the company said.
Gas transmission through Iran’s natural gas network reached 133 billion cubic meters in the first six months of the current Iranian calendar year, Iranian Gas Transmission Company (IGTC)’s Managing Director Peyman Khazraei announced.
The CEO of Ilam Gas Refinery announced that 20 development and improvement capital projects are being implemented in the refinery.