OIL Feed Atom

The head of Well Repair, Completion and Technical Services at the National Iranian South Oilfields Company announced a significant increase in the activity of workover rigs and coiled tubing units during the first four months of this year, stating that these operations have played an effective role in sustaining and boosting oil production by reviving wells, resolving technical problems and restoring production capacity.
The CEO of the National Iranian Oil Company dismissed social media reports linking oil pollution and slicks in the sea near Qeshm Island to Iran’s oil facilities, saying the company has only limited facilities in the area and they are currently shut down for maintenance.
Iran’s crude oil production rose by 26,000 barrels per day in July 2026, reaching 2.478 million barrels per day and maintaining the country’s position as OPEC’s second-largest producer after Saudi Arabia, according to the organization’s latest monthly oil market report.