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Flare gas recovery projects on track for completion
28 May 2025
3:48 AM
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The director of oil and gas production supervision at the National Iranian Oil Company (NIOC) reported significant progress in flare gas recovery projects, stating that the company is legally required to collect and inject a major portion of associated petroleum gases into the national grid or downstream industries by the end of the Seventh Development Plan.

World crude oil price today, May 27, 2025

Brent crude oil price rose to $65
27 May 2025
12:27 PM
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Brent crude futures rose 26 cents, or 0.4 percent, to $65 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 25 cents, or 0.4 percent, to $61.78 a barrel.

Iranian AI for global oil industry
27 May 2025
3:57 AM
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Pasargad Energy Development Company (PEDC) has leveraged artificial intelligence to launch a localized platform for integrated well, reservoir, and surface facility management, as well as the oil industry’s first upstream AI assistant (UIA) based on large language models (LLMs). These innovations have significantly reduced search times and streamlined experts’ access to technical knowledge.

Gas infrastructure expansion to double storage capacity
24 May 2025
4:30 AM
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The caretaker of Iranian Gas Engineering and Development Company announced progress on strategic projects in gas storage, transmission, measurement, and optimization, stating that the country’s gas storage capacity will more than double with the launch of expansion projects in Sarajeh and Shourijeh.