IRAN Feed Atom

Petrochemicals emerge as a key driver of wealth creation
29 December 2025
5:14 AM
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A presidential adviser said Iran’s petrochemical industry could become one of the country’s main engines of wealth creation and economic growth by easing investment procedures, cutting red tape, tapping small-scale foreign currency investments and leveraging the capacity of new technology-based firms.

Second Azadegan CTEP boosts oil output, jobs, supply chain resilience
29 December 2025
5:06 AM
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The opening of the second train of the central processing unit at the South Azadegan shared oil field will play a key role in sustainable development in the West Karoun region by expanding stable processing capacity, stabilizing production, strengthening the transfer chain and creating jobs, the deputy head of Parliament’s Energy Committee said.

Iran–EU trade reaches €3.1b in 10 months
28 December 2025
3:06 AM
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Trade between Iran and the 27-member European Union reached €3.102 billion in the first 10 months of 2025, according to the latest data released by Eurostat, underscoring the resilience of limited commercial ties despite longstanding sanctions and political tensions.

Paknejad says oil sale discounts have declined
25 December 2025
6:48 AM
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Iran’s oil minister said discounts offered on Iranian crude sales have steadily declined over the past year, while early data from a new gasoline policy show lower fuel consumption, though he cautioned against drawing short-term conclusions.

PDA rolled out for oil industry
23 December 2025
4:11 AM
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Iran’s oil minister issued a standardized Innovative Product Development Agreement, known as the PDA, to support the use of advanced products and expand domestic manufacturing by new technology-based firms (NTBFs) across the oil industry.