The first shipment of Jam Petrochemical’s F7000 grade has been loaded, putting the high-density polyethylene product on the market under Jam’s commercial name and brand.
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The chief executive of Pars Oil and Gas Company said South Pars has set a record of 730 million cubic meters of gas a day and that 30 million cubic meters have been added to the field’s stable rich-gas production capacity over the past two years.
The chief executive of the West Oil and Gas Production Company said a project to clean contaminated soil in the Naftshahr operating area is using new environmental technologies.
An extraordinary general meeting of the National Petrochemical Company was held with the company’s chief executive and representatives of the relevant agencies present, and the financial statements for the fiscal year ended March 20, 2026, were approved.
Brent crude futures fell 78 cents, or 0.79%, to $98.47 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell $1.21, or 1.34%, to $89.31 a barrel.
Two backup pumps on the firewater ring of Damavand Energy Assaluyeh have entered service to strengthen safety infrastructure and raise the reliability of the firefighting water network for Phase 2 petrochemical plants in Assaluyeh.
The spokesman for parliament’s internal affairs and councils committee said lawmakers will question the oil minister on why long-term contracts to sell Iranian oil to China were canceled.
Metering equipment at the South Pars gas-condensate terminal in Asaluyeh — including 13 damaged meter blades — has been rebuilt.
The commercial director of the National Iranian Oil Products Distribution Company said a 40% increase in fuel station operators’ handling fees will take effect on a provisional basis from tonight and that the new gasoline and diesel rates have been loaded into the system.
Brent crude futures fell $2.01, or 2%, to $98.33 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $2.50, or 2.61%, to $93.28 a barrel.
Oil Minister Mohsen Paknejad has appointed Omid Shakeri as deputy oil minister and chief executive of the National Petrochemical Company.
Oil Minister Mohsen Paknejad has appointed Mohammad Mazraeh Khatiri as acting deputy for engineering, research, and technology.
Baltic Exchange data show the daily charter rate for a very large crude carrier on the Persian Gulf-to-China route has risen above $1 million.
The production and operations manager of Pars Oil and Gas Company said a specialized offshore valve-repair workshop has been set up, cutting South Pars platform downtime and returning units to production faster. The change has prevented a shutdown of 28 million cubic meters of gas a day and generated more than $5 million in economic savings.
Brent crude futures fell $2.12, or 2%, to $101.75 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $1.96, or 2%, to $98.34 a barrel.
Golestan’s deputy governor for economic coordination said the long-delayed Golestan Petrochemical project remains a serious demand of the province and that provincial officials are following it through until a decision is reached.
The National Iranian Gas Company’s director of integrated planning said enemy attacks damaged the country’s gas facilities and that four South Pars refineries were hit in the third imposed war. From the first moments, he said, crews worked to contain the incidents, form crisis teams, cut refinery feedstock, and plan the reconstruction and recovery of lost capacity.
Iraq’s oil minister said the ministry has lifted crude exports from no more than 200,000 barrels a day, during wartime conditions in the Persian Gulf, to more than 4 million barrels a day.
The chief executive of Ilam Province Gas Company said the utility is fully ready for the cold season, pledged firm action against gas thieves and violators, and said network stability is not possible without public cooperation.
Firmco Pars Engineering and Installation and Khorasan Petrochemical have signed a partnership agreement to develop new solutions for managing energy use and Iran’s energy imbalance.