Mohsen Paknejad, a proposed Iranian Petroleum Ministry candidate, pledges to pursue non-price solutions to address gasoline imbalance in the country, stating the government has not defined any plans for raising prices.
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Iranian Energy Minister Ali-Akbar Mehrabian said private sector contractors have inked deals with the ministry to construct several renewable power plants with a total capacity of 11,000 megawatts across the country.
With the successful implementation of two new wells at the South Azadegan oil field, which Iran shares with its neighbor Iraq, the field’s production capacity has increased by 2,500 barrels per day.
The suggested nominee for the Petroleum Ministry Mohsen Paknejad has highlighted the importance of efficient oil industry human resources on his agenda for running the ministry.
Abbas Ali-Abadi, the proposed energy minister, has proposed to increase electricity production if he secures the necessary votes from the Parliament National Security and Foreign Policy Committee.
Vice-chairman of the Parliament’s Industries and Mines Committee Seyyedjavad Hosainikia says that the committee has started the examination of records, plans, and earlier performance of the proposed minister for running the Petroleum Ministry.
Iran exported 436 million tons of goods worth $136 million to Latin American countries in the first four months of the current Iranian calendar year, registering a 680-percent rise year on year.
The Economic Council approved a plan proposed by the National Iranian Oil Company (NIOC) to boost oil production in 34 oil fields.
National Iranian Drilling Company dug and completed the digging operations of seven oil and gas wells during the first four months of the current Iranian calendar year, an official with the company said.
Oil Industry Expert Reza Mokhtar believes developing petro-refineries is a necessity for completing the oil industry value chain, IRIB reported.
Iranian President Masoud Pezeshkian submitted the list of his proposed ministers to the parliament for approval where Mohsen Paknejad has been nominated as the Minister of Petroleum.
The value of non-oil trade between Iran and Iraq stood at $3.772 billion during the first four months of the current Iranian calendar year, the head of the Islamic Republic of Iran Customs Administration announced.
Director of Planning and Development at the National Petrochemical Company (NPC) Hassan Abaszadeh has predicted that the country’s actual petrochemical output will reach 83 million tons this Iranian calendar year up to 19 March 2025, of which 34 million tons will be exported to other countries.
A senior Iranian official announced that delivery of liquid fuel to power plants has increased by 30 percent since the start of the Persian calendar year (March 20) compared with the same period last year.
Iran has sent small shipments of crude oil to new destinations such as Bangladesh and Oman, according to shipping sources and data, Reuters reports.
Officials from Iran and Malaysia met in Tehran on Tuesday to discuss ways of enhancing bilateral ties in the fields of trade and economy.
Electricity consumption in Iran has increased by 6,000 MW in the current Iranian year compared to the previous year, Head of Iran's Power Generation, Distribution, and Transmission Company Mostafa Rajabi Mashhadi said.
The value of non-oil trade between Iran and the United Arab Emirates stood at $8.064 billion during the first four months of the current Iranian calendar year, the head of the Islamic Republic of Iran Customs Administration announced.
The manager of drilling operations at the giant shared South Pars gas field Hamidreza Shafiei Makvand has said that to realize the goal of boosting 36 million cubic meters of gas production per day over the next three years, the drilling of 35 wells is planned.
University professor Mohammad Fakhroleslam believes that introducing Artificial Intelligence (AI) to the petrochemical industry will significantly increase production speed and accuracy, however to do so the industry requires expert workforce.