President Masoud Pezeshkian, speaking at Shahid Beheshti University’s Student Day, condemned sectoral imbalances and urged fair gasoline pricing to safeguard vulnerable Iranians.
IRAN Feed Atom
The acting director of the Aban and Paydar-e Gharb oil field development and production enhancement project said the company has prioritized bringing the “Sarvak” oil layer online as its main strategy to stabilize and increase output from the two fields.
Hamed Asgari of ICCIMA emphasized that Iran’s private sector is prepared to lead in boosting economic ties with Kazakhstan during the president’s trade delegation visit.
Iran’s transport minister highlighted that commercial relations with the UAE could grow significantly, given the two countries’ strong historical, geographic, and cultural ties.
Iran’s oil minister stressed that without the South Pars gas-compression project, the field will start losing annual output within one to two years as natural pressure declines after decades of production.
Iran’s economy in the first half of 1404 saw minimal overall growth, with oil driving a 0.1% expansion versus a 0.5% contraction without it, as the sector contributed nearly one-quarter of total growth.
Iran’s Petrochemical Employers Association emphasized that adopting modern technologies to curb pollution and fostering balanced growth through skilled human resources are key to national progress.
The CEO of the National Petrochemical Company said the Bidboland Persian Gulf Gas Refining Complex, the country’s largest flare gas recovery project, is now receiving 80% of its feedstock capacity and is supporting petrochemical plants.
Shahid Tondgooyan Petrochemical Company saved over 1 trillion rials annually by reusing low‑pressure steam, cutting steam use 25%, water 360,000 m³, and electricity 6,500 MWh.
Babak Poladi-Borj, Head of Research and Technology at Iran’s South Pars Gas Complex, stated that AI will drive South Pars into a new era of digitalized operations, enhancing monitoring, energy management, and real-time analytics.
Arya Sasol Polymer Company hit a new peak in November 2025, producing 34,514 tonnes of polyethylene and breaking its third consecutive monthly output record within six months.
Nouri Petrochemical Company, Iran’s largest aromatics producer, posted a stellar 38% revenue surge to 140 trillion rials ($2.4 billion) in the eight months to November 21, 2025, marking a sharp jump from 101 trillion rials a year earlier.
The National Iranian Oil Company (NIOC) has officially kicked off the second phase of development at the Azar oilfield, targeting an increase of approximately 30,000 barrels per day in crude production.
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf announced that fuel pricing authority now fully rests with the executive branch, making recent gasoline and diesel price adjustments legally valid.
Over 92% of Iran’s electricity still comes from fossil fuels, prompting government efforts to boost renewable energy and address its persistent energy imbalance.
Top Iranian petrochemical firms will meet on Kish Island in January 2026 for Petrochem 2026 to tackle industry challenges and present new innovations, products, and technologies.
The National Iranian Gas Company CEO said the firm injects 850 million cubic meters of gas daily despite sanctions, urging improved school consumption to reduce the country’s high energy use intensity.
The Yaran Field project manager announced that Well No. 22 has been successfully equipped with an electric submersible pump, tested, stabilized, and connected to the production network.
Iraq’s Ministry of Electricity announced Sunday that natural gas imports from Iran have officially resumed at an average rate of 5 million cubic meters per day, restoring a critical lifeline for the country’s struggling power grid.
In a testament to precision engineering and unwavering safety standards, employees of Iran’s Offshore Oil Company (IOOC) have successfully wrapped up a grueling overhaul of the floating hoses on the nation’s sole floating production storage and offloading (FPSO) vessel, the Cyrus.