The caretaker of the Central Bank of Iran (CBI) Monetary and Banking Research Institute has said the country is targeting 9.5 percent inflation and 13.8 percent liquidity growth by the end of the seventh National Development Plan.
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Ramin Hatami, former CEO of ICOFC, emphasized the need for an industry expert at the Petroleum Ministry due to the current oil industry situation.
Proposed Iranian petroleum minister Mohsen Paknejad has said that Iran’s oil production is planned to increase by 400 thousand barrels a day up to the end of the next Iranian calendar year on 19 March 2026.
Iran’s South Pars phase 14 refinery has been connected to the national gas network via pipeline, an official with the Iranian Gas Transmission Company (IGTC) said.
The former managing director of the National Petrochemical Company (NPC) Behzad Mohammadi has described the proposed petroleum minister as a capable manager with deep knowledge of the oil industry.
A June deal to receive 300 million cubic meters of Russian gas daily enables Iran to position itself as an energy hub and a regional leader in energy diversity.
CEO of the National Iranian Gas Company (NIGC) says the gas grid in the country has expanded by 53,000 kilometers in the past three years.
The Shiraz oil refinery's improving gasoline quality plan, which will upgrade the quality of 1.6 million liters of its daily gasoline production to euro-5 standards, is ready to come online.
Energy Expert Mohammad Hossein Keshavarz has stressed the need to increase the share of CNG in the country’s fuel basket as it is more clean and economically justifiable for the country.
Head of NIORDC Jalil Salari said with the implementation of the gasoline quality improvement plan of Shiraz Refinery, 71 percent of the country’s gasoline output will be under Euro 5 standards.
While the world continues to strive towards achieving the United Nations Sustainable Development Goals (SDGs) and is determined to shift from reliance on fossil fuels to renewable energy sources and implementing carbon reduction policies, the trilemma of energy security, climate change, and economic growth persist.
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.
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.