IRAN Feed Atom

Over $48b in foreign currency allocated for imports since Mar. 2025

5 months ago

3 February 2026

11:03 AM

Iran has allocated $48.7 billion in foreign currency for the import of various goods since the start of the current Iranian year (late March 2025), with 73 percent directed to the industrial sector, the spokesperson for the Iran Exchange Center said.

Petchem industry reaches 100-million-ton mark, celebrates new projects

5 months ago

3 February 2026

11:01 AM

CEO of the National Petrochemical Company announced the operational launch of several major production and infrastructure projects in the petrochemical industry, coinciding with the Ten Days of Fajr celebrations. He stated that with these inaugurations, the industry can celebrate reaching an annual production capacity of 100 million tons.

Iran sets numerous records in gas production

5 months ago

3 February 2026

11:00 AM

Statistics from the Ministry of Petroleum in the 14th government indicate numerous and historic record-breaking achievements in gas production. This achievement, though shadowed by suboptimal consumption which diminishes its delight, has been realized solely through the perseverance of oil industry personnel, integrated management, and precise planning, painting a picture of our beloved Iran's strength.

South Pars injects over 165 bcm of gas into national grid

5 months ago

2 February 2026

10:48 AM

Iran has injected more than 165.5 billion cubic meters (bcm) of sweet gas from the South Pars gas complex into the national grid since the start of the current Iranian year (late March 2025) to Feb. 2, the head of the South Pars Gas Complex (SPGC) said.

NIDC accelerates drilling fleet expansion under Seventh Development Plan

5 months ago

2 February 2026

9:09 AM

country's drilling industry has entered a new phase of development under the seventh five-year development plan, focusing on expanding drilling fleet capacity and improving operational efficiency. This phase prioritizes acquiring new rigs, modernizing the existing fleet and enhancing key performance indicators to support increased oil and gas production.

First downhole pump comes online at South Azadegan oil field

5 months ago

1 February 2026

9:27 AM

The first electric submersible pump (ESP) at the South Azadegan oil field has been successfully installed and commissioned at well No. 93, drawing on the expertise of domestic specialists. Officials expect that completing the installation of 50 ESPs by June 2026 will add about 35,000 barrels per day to the field’s production capacity.

NIORDC calls to speed up completion of Abadan Refinery Phase 2

5 months ago

31 January 2026

4:02 AM

head of the National Iranian Oil Refining and Distribution Company visited operational units at the Abadan refinery, including Unit 70 and the project’s second phase, accompanied by senior officials and the Abadan lawmaker, to review progress on ongoing projects.

Oil minister dismisses concerns over possible US deals with Tehran’s customers

5 months ago

31 January 2026

4:00 AM

Iran’s Oil minister said there is no need for concern that the United States, after gaining control of Venezuelan oil, could strike deals with Iran’s long-standing oil customers such as China.

Hashemi-Nejad Gas Refinery boosts gas intake, production

5 months ago

29 January 2026

5:25 AM

The CEO of the Shahid Hashemi-Nejad Gas Refinery said the facility has increased its daily gas intake and production by 2.5 million cubic meters, driven by the implementation of technical projects, process improvements and equipment optimization.

1,700 NTBFs partner with NPC

5 months ago

29 January 2026

5:22 AM

More than 1,700 new technology-based firms (NTBFs) and domestic manufacturers are now working with Iran’s petrochemical industry, with more than 120 trillion rials ($12 trillion tomans) allocated last year to expand these capabilities, an industry official said.

Renewables capacity set to top 5,200 MW by late March

5 months ago

28 January 2026

4:24 AM

plans to raise its renewable power generation capacity to more than 5,200 megawatts by the end of the current Iranian year (late March), a deputy energy minister said, citing faster permitting and improved financing as key to meeting the target.

Oil Ministry pursues solutions for petchem industry challenges

5 months ago

28 January 2026

4:21 AM

Ministry of Oil is actively pursuing solutions to the challenges facing the country's petrochemical sector.

NIDC brings 12 new gas wells online

5 months ago

27 January 2026

8:17 AM

The National Iranian Drilling Company (NIDC) has brought 12 new gas wells into production under a drilling contract with the Central Iranian Oil Fields Company, strengthening gas supply, particularly during the winter season, the NIDC head of said.

Iran reports mazut quality upgrades, emissions cuts in push to reduce air pollution Iran reports mazut quality upgrades, emissions cuts in push to reduce air pollution

5 months ago

27 January 2026

8:14 AM

Iran has upgraded mazut quality at its refineries, launched crude-oil desulfurization projects and cut daily gas flaring by up to 14 million cubic meters as part of broader efforts to curb air pollution, the head of the Environmental Protection Organization said.

New Gas model launched; contractors offer way to curb gas flaring

5 months ago

26 January 2026

4:33 AM

The CEO of the National Iranian Gas Company (NIGC) announced the certification of 35 gas contractor companies, saying the new contractor model turns the threat of “gas flaring” into a business and savings opportunity.

Farzad B gas field’s first offshore platform nears completion at 93%

5 months ago

26 January 2026

4:30 AM

Construction of the first offshore platform jacket at Iran’s Farzad B gas field is 93 percent complete, the project’s development manager said, adding that the structure is expected to be loaded for transport in the coming days and installed by the end of the year.

Iran’s oil output slips slightly in December as OPEC production rises

5 months ago

25 January 2026

12:57 PM

Iran’s crude oil production edged down marginally in December 2025 even as overall output by the Organization of the Petroleum Exporting Countries (OPEC) increased, according to the group’s latest monthly report.

NIGC projects 25%–35% cut in consumption through energy service firms

5 months ago

25 January 2026

12:49 PM

The CEO of the National Iranian Gas Company said the Oil Ministry is aggressively pursuing gas-efficiency measures in cooperation with energy service firms, projecting a 25% to 35% reduction in consumption at the end of the demand chain once the program is fully implemented.

Installed capacity of Iran’s renewable power plants exceeds 3,700 MW

6 months ago

24 January 2026

9:30 AM

The head of Iran's Renewable Energy and Energy Efficiency Organization (SATBA) said the installed capacity of the country's renewable power plants has exceeded 3,700 megawatts.

Iran’s trade with Eurasia up 16% in 8 months: TPOI chief

6 months ago

23 January 2026

8:46 AM

Iran’s trade with member states of the Eurasian Economic Union (EAEU) increased 16 percent in the first eight months of the current Iranian year (Mar. 21st-Nov. 22nd) the head of the Trade Promotion Organization of Iran said.

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Latest News of Oil, Gas and Petrochemical industry

IRAN Feed Atom

Over $48b in foreign currency allocated for imports since Mar. 2025

Petchem industry reaches 100-million-ton mark, celebrates new projects

Iran sets numerous records in gas production

South Pars injects over 165 bcm of gas into national grid

NIDC accelerates drilling fleet expansion under Seventh Development Plan

First downhole pump comes online at South Azadegan oil field

NIORDC calls to speed up completion of Abadan Refinery Phase 2

Oil minister dismisses concerns over possible US deals with Tehran’s customers

Hashemi-Nejad Gas Refinery boosts gas intake, production

1,700 NTBFs partner with NPC

Renewables capacity set to top 5,200 MW by late March

Oil Ministry pursues solutions for petchem industry challenges

NIDC brings 12 new gas wells online

Iran reports mazut quality upgrades, emissions cuts in push to reduce air pollution Iran reports mazut quality upgrades, emissions cuts in push to reduce air pollution

New Gas model launched; contractors offer way to curb gas flaring

Farzad B gas field’s first offshore platform nears completion at 93%

Iran’s oil output slips slightly in December as OPEC production rises

NIGC projects 25%–35% cut in consumption through energy service firms

Installed capacity of Iran’s renewable power plants exceeds 3,700 MW

Iran’s trade with Eurasia up 16% in 8 months: TPOI chief