The manager of the National Iranian Oil Products Distribution Company’s Golestan region said several scenarios have been written for a possible natural-gas shortage and that provincial LPG storage, as a backup fuel, has been raised to 700 tons.
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The chief executive of the National Iranian Gas Company said fuel supplies to power plants and industry stayed stable in the first half of this year despite lower output at South Pars, and that gas delivered to industry and small businesses was 1 billion cubic meters higher than in the same period last year.
Brent crude futures fell 70 cents, or 0.7%, to $101.61 a barrel. U.S. West Texas Intermediate (WTI) crude futures also fell 85 cents, or 0.9%, to $92.02 a barrel.
The CEO of the National Iranian Gas Company (NIGC) said efforts are underway to restore about 100 million cubic meters to Iran’s gas production capacity before the start of the cold season, with necessary measures taken to manage consumption and ensure a stable gas supply during the winter.
Iranian Parliament Deputy Speaker Ali Nikzad said the United States will never be able to reduce Iran’s oil exports to zero, arguing that Washington had drawn up plans targeting Iran’s oil and a significant share of the world’s oil resources and believed it could pressure Iran’s economy by gaining control of the Strait of Hormuz, but had failed to understand the Iranian people.
Jam Petrochemical’s Heavy-Duty Polyethylene 2 complex set a new product-loading record by loading 1,800 metric tons of Grade 7000F within 24 hours.
Following reports concerning the value of the ASU package compressors at Apadana Petrochemical and the contractor responsible for the package, the company issued a clarification stating that the compressors are worth approximately €16 million, not €70 million. The company also said its contract with the contractor for this part of the project had been terminated due to failure to fulfill contractual obligations.
Khorasan Petrochemical has recorded 64 million man-hours of work without a fatal accident, with the company’s CEO attributing the achievement to divine grace and the efforts of the company’s past and present CEOs, managers and employees, while stressing the need to maintain safety requirements at every level of the organization.
Daily oil production from Iran’s Shadegan Oil Field has increased by 17,000 barrels following the successful completion of the first production target under the field’s development and production contract.
OPEC+ producers are expected to leave their November oil-output targets unchanged at Sunday’s meeting.
A member of parliament’s energy committee pointed to the National Iranian Gas Company’s work to keep gas flowing under difficult conditions and said demand management is strategically important for getting through the cold season.
Brent crude futures rose 84 cents, or 0.82%, to $103.43 per barrel. U.S. West Texas Intermediate (WTI) crude futures also rose 25 cents, or 0.28%, to $89.63 per barrel.
The groundwork and infrastructure have been put in place for the construction of a modern, low-emission, export-oriented petrochemical complex in Iran’s Ardabil Province, with the participation of several major investment holding companies, according to the province’s deputy governor for economic affairs.
The CEO of Tehran Oil Refining Company has emphasized the strategic position of Rey Energy Complex in the country’s oil value chain.
The National Iranian Drilling Company (NIDC) drilled and completed 63 oil and gas wells in Iran’s onshore and offshore oil-producing areas during the first half of 2026, according to the company’s CEO. Of the total, 48 wells were completed as part of well workover and maintenance operations, while 15 were development and appraisal wells.
The CEO of the National Iranian Offshore Oil Company (NIOOC) announced plans to deploy three new drilling rigs, saying their addition will increase the operational capacity of the company’s drilling fleet and accelerate drilling operations in fields under its management, particularly the Qeshm gas fields.
The CEO of the Iran Gas Engineering and Development Company announced the completion of the 30-inch gas supply pipeline and Konarak pressure-reduction station project, as well as the commissioning of the 15-kilometer pipeline under the framework of Iran’s Seventh and Eleventh National Gas Transmission Pipeline Projects.
Brent crude futures rose $1.71, or 1.6%, to $106.99 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose $1.40, or 1.5%, to $94 a barrel.
Jam Petrochemical’s first-half sales rose sharply in September 2026, with about 43 trillion tomans in six-month revenue and nearly 18 trillion tomans in that month alone — more than double September 2025.
The chief executive of the National Petrochemical Company said about 60% of capacity lost in the war has been restored and warned of feedstock trouble in the coming winter.