During the 13th administration in office, the Petroleum Ministry contributed to creation of new businesses by supporting domestic knowledge-based companies.
IRAN Feed Atom
The National Iranian Gas Company’s Directorate for Dispatching manager, Saeed Aghli, says that the company has managed to distribute 815 billion cubic meters of gas over the past 1000 days of the 13th administration in office, without allowing imbalances to grow.
South Pars Gas Processing Complex managed to capture more volumes of gases burnt by gas stacks during the last Iranian calendar year, which ended on 20 March 2024.
Managing director of the National Iranian Oil Company (NIOC), Mohsen Khojastemehr, has said that the Changuleh oil field development contract will be signed soon.
The head of the Tehran Sewage Company announced the production of diesel and black carbon from de-watered sludge in the process of wastewater treatment plants in the Iranian capital.
During the period Ibrahim Raisi served as president, the energy sector witnessed a major breakthrough amid boosting oil production and exports.
Managing director of Dehloran Natural Gas Liquids plant (NGL-1300) , Javad Kamari, says that the refining facility is ready to start operations officially.
Russia plans to transit coal to India via the International North-South Transit Corridor (INSTC) passing through Iran, IRNA reported.
The official data of the United States show that the country’s trade with the Islamic Republic of Iran has increased by 72 percent in the first four months of this year.
The World Bank (WB), in its latest report, predicted that Iran’s economy will grow 3.2 percent in 2024 and the inflation rate will decrease to 35 percent.
China’s imports of Iranian crude in May surged to the highest level in seven months after a recovery in refining margins.
On the sidelines of the oil industry projects in Sistan-o-Baluchestan province, the Petroleum Ministry has implemented a number of social responsibility projects in the southeastern province and is committed to do more.
Iran’s deputy minister of roads said India has agreed to allocate $1 billion to the project on the development of Iran’s southeastern Chabahar Port.
Iranian Minister of Petroleum, Javad Owji says a number of gas supply projects will be inaugurated in the southeastern province of Sistan-o-Baluchestan in the presence of the acting president Mohammad Mokhber.
Iranian company Petrochem plans to launch a chemical cluster worth $273 million in the Bukhara region, according to a presentation that Shavkat Mirziyoyev was acquainted with during his working visit to the region on May 31.
While Nigeria, Africa’s largest oil producer, continues to grapple with production and export challenges, Iran is experiencing a significant rebound in its oil exports.
Iranian Minister of Petroleum, Javad Owji, says OPEC+ has decided to continue its collective oil production cuts up to the end of 2025.
The oil and energy ministers of the OPEC member countries began the 188th ministerial meeting of the organization with a minute of silence to express sympathy with the government and people of Iran and to pay tribute to the martyr Seyed Ebrahim Raisi, the late Iranian president.
Bahregan Oil Zone onshore installations’ gas flare turned off after 60 years of operation.
The National Iranian Gas Company (NIGC) has increased natural gas supply to power plants, achieving zero blackouts during summer and meeting 93% of fuel needs, while reducing air pollution.