Iran’s Social Security oil and energy holdings met the Foreign Ministry’s economic deputy to try to clear obstacles to gas imports from Turkmenistan, as part of efforts to ease the country’s energy imbalance.
IRAN Feed Atom
Iran is prepared to act as a strategic partner in BRICS energy, food and transport supply chains, drawing on large energy reserves and a central geographic position, President Masoud Pezeshkian said.
Gachsaran Petrochemical is running at about 40% of capacity and needs 860 billion tomans in bank facilities to increase production, the economic deputy governor of Kohgiluyeh and Boyer-Ahmad said.
Iranian parliament speaker Mohammad Bagher Qalibaf responded to Brent crude moving above $105 a barrel by posting a chart on X arguing that U.S. Treasury tools will not cap prices.
The eighth refinery at the South Pars Gas Complex has begun a major overhaul covering 1,542 maintenance jobs aimed at safer, more stable gas production.
The chief justice of Bushehr Province said a decision will be made to settle and operationalize the Petro Hami petro-refinery project in Asaluyeh, which is affiliated with Iran’s Prisoners’ Cooperative Foundation. He said that within the next two to three weeks the board will review bringing in an investment partner or securing the funding needed for the project, which has been stalled since 2012.
During a field visit, the CEO of Pars Oil and Gas Company stressed the need to gradually restore gas-refining capacity ahead of the cold season.
The production manager of the National Iranian South Oil Company (NISOC) said the company is continuing programs to identify, gather, and allocate associated gas, adding that most of the identified volumes have already been assigned to qualified firms and that remaining volumes are still being processed.
A deputy minister of Iran’s Energy Ministry said electricity imports from Turkey could be a useful opportunity to meet the power needs of the country’s petrochemical plants.
The acting head of Ilam Gas Refining Company said the plant’s gas production rose 7.5% from the beginning of September 2024 through the end of August 2026, reaching 1.665 billion cubic meters.
The CEO of Khazar Oil Company said the Iran Amir Kabir semi-submersible drilling rig is being prepared, after nearly a decade of inactivity, through major overhaul and reconstruction work to carry out oil and gas exploration drilling in the deep waters of the Caspian Sea.
Iran can lift storage capacity at the Sarajeh Qom gas reservoir by 50% from an initial 1 billion cubic meters, the head of the Iranian Gas Engineering and Development Company said.
National Iranian Oil Company CEO Hamid Bovard said the Varavi pressure-boosting plant is finished and development of South Pars Phase 11 is under way, as NIOC rolls out a wide slate of field projects.
Fifty tons of urea from Pardis Petrochemical have been supplied for farmers in Semnan county and sent to the local dealership for distribution.
Well-intervention operations have been carried out on three South Pars gas platforms to make wells safer and support stable gas production.
About one-third of Iran’s gas production capacity was lost in the March 18, 2026 incident, but the nationwide grid was brought under control in less than an hour and a wider breakdown was avoided, National Iranian Gas Company Managing Director Saeed Tavakoli said.
Reconstruction work on Phase 11 of South Pars has accelerated as Iran uses every available lever to raise gas production and supply, Oil Minister Mohsen Paknejad said.
Mobin Energy Persian Gulf said its operating capacity recovered to about 60% in July–August 2026 after an attack on the Asaluyeh utilities complex that the company attributed to the United States and Israel.
Development of Iran’s Susangerd oil field has begun with the start-up of Well No. 4, and first-phase output is targeted at 18,000 barrels a day.
Jam Petrochemical’s heavy polyethylene unit 2 (HDPE2), the former Mehr Petrochemical asset, has returned to production after months offline and is running at 105% of nameplate capacity.