In line with the implementation of Iran's free trade agreement with Eurasia, the fourth International Eurasia Expo will be held in Tehran from February 1st to 4th.
IRAN Feed Atom
Drilling has begun on Well #2 of Iran’s Mokhtar gas field in Kohgiluyeh & Boyer-Ahmad, home to an estimated ~9 Tcm of gas—seen by provincial officials as a key step toward unlocking northern reserves, boosting jobs, and reshaping the regional economy.
The financial director of the National Iranian Oil Company denied reports that $8 billion in revenue from crude oil and gas condensate exports has not been collected, saying there are currently no stalled receivables.
Tehran’s gas consumption has surged to an unprecedented level amid a sharp drop in temperatures, the spokesperson for Tehran Province Gas Company said.
Iran and Russia held an Energy Working Group meeting, co-chaired by senior oil and energy officials, focusing on turning strategic MOUs into concrete, operational projects.
Iran’s petroleum minister said the petrochemical sector is a key economic driver, arguing that stable feedstock supply depends on petrochemical firms investing directly in gas field development—an approach welcomed and legally supported.
Trade between Iran and Oman reached $1.35 billion in the first 10 months of 2025, up 24 percent from a year earlier, with Iranian exports accounting for $500 million of the total, Oman’s National Centre for Statistics and Information said.
Behzad Shamsi, chief financial officer of the National Iranian Oil Company (NIOC), said global oil prices have dropped about 21% in recent months compared with previous periods—a significant decline. However, the oil ministry has partly offset the drop by boosting export volumes and reducing discounts.
Iran’s private sector is ready to participate in large-scale technical and engineering projects in Indonesia, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) said, calling for closer cooperation between the chambers of commerce of the two countries to facilitate joint business activity.
The head of research and technology at the National Iranian Oil Company said more than 51% of Iran’s recoverable oil reserves have already been produced, underscoring the need to accelerate the development and localization of enhanced oil recovery (EOR) technologies to protect remaining reserves and sustain output.
Petrochemical projects under Iran’s Seventh National Development Plan are about 60 percent complete, with all first-year targets for the sector achieved in 2024, the head of the National Petrochemical Company (NPC) said.
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.
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.
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.
Oil minister said the mechanism for depositing proceeds from oil sales is overseen, monitored and controlled by the Central Bank of Iran, stressing that the Oil Ministry has no role in banking operations related to those funds.
Iran’s President Masoud Pezeshkian said that controlling gas flaring is a priority.
Germany exported non-oil products worth $1.184 billion to Iran during the first eight months of the current Iranian calendar year (March 21-Novemebr 21), the Islamic Republic of Iran Customs Administration (IRICA) announced.
Iran will become a regional hub for energy trading by expanding its energy commerce, the country’s first vice president said.
The chief executive of Petropars Group said the operational capacity of the South Azadegan joint oil field has increased to 160,000 barrels per day, citing the start-up of the second train of the central processing facility and the gradual return of wells to production.
Iran’s oil sales volume remains strong and continues at previous levels, Oil Minister Mohsen Paknejad said on Thursday.