The acting head of Ilam Gas Refining Company said the plant’s gas production rose 7.5% from the beginning of September 2024 through the end of August 2026, reaching 1.665 billion cubic meters.
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The CEO of Khazar Oil Company said the Iran Amir Kabir semi-submersible drilling rig is being prepared, after nearly a decade of inactivity, through major overhaul and reconstruction work to carry out oil and gas exploration drilling in the deep waters of the Caspian Sea.
Brent crude futures rose $2.77, or 2.83%, to $100.69 a barrel. U.S. West Texas Intermediate (WTI) futures gained $2.18, or 2.34%, to $95.21 a barrel.
Iran can lift storage capacity at the Sarajeh Qom gas reservoir by 50% from an initial 1 billion cubic meters, the head of the Iranian Gas Engineering and Development Company said.
National Iranian Oil Company CEO Hamid Bovard said the Varavi pressure-boosting plant is finished and development of South Pars Phase 11 is under way, as NIOC rolls out a wide slate of field projects.
Fifty tons of urea from Pardis Petrochemical have been supplied for farmers in Semnan county and sent to the local dealership for distribution.
Well-intervention operations have been carried out on three South Pars gas platforms to make wells safer and support stable gas production.
About one-third of Iran’s gas production capacity was lost in the March 18, 2026 incident, but the nationwide grid was brought under control in less than an hour and a wider breakdown was avoided, National Iranian Gas Company Managing Director Saeed Tavakoli said.
Brent crude futures rose $2.00, or 2.06%, to $99.00 a barrel. U.S. West Texas Intermediate (WTI) crude gained $2.93, or 3.2%, to $94.41 a barrel.
Mobin Energy Persian Gulf said its operating capacity recovered to about 60% in July–August 2026 after an attack on the Asaluyeh utilities complex that the company attributed to the United States and Israel.
Development of Iran’s Susangerd oil field has begun with the start-up of Well No. 4, and first-phase output is targeted at 18,000 barrels a day.
Jam Petrochemical’s heavy polyethylene unit 2 (HDPE2), the former Mehr Petrochemical asset, has returned to production after months offline and is running at 105% of nameplate capacity.
Iranian Gas Transmission Company’s District 7 is using reliability projects, parallel lines, alternative routes and new infrastructure to strengthen gas supply across western and northwestern Iran, the district manager said.
Brent crude futures fell 9 cents, or 0.1%, to $96.19 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped 45 cents to $91.03 a barrel.
Iran must start winter gas planning now and bring energy-service companies into the effort after damage cut South Pars output by about 20%, the deputy chair of parliament’s Article 90 Commission said.
The first engineering, procurement and drilling (EPD) project run by the National Iranian Oil Company’s Exploration Directorate at the shared South Azadegan field has brought 10 Fahliyan and Gadvan wells back into production, the project manager said.
A decanter centrifuge built for the high-density polyethylene (HDPE) unit at Bandar Imam Petrochemical has entered commercial service after installation, commissioning and operating tests.
Pars Oil and Gas Company (POGC) has revised production, maintenance and development plans for the shared South Pars field to match constraints created after the wars, the acting head of the company’s petroleum and gas engineering department said.
Lorestan’s governor has warned that the oil depot in Khorramabad’s Masur district must be moved because it sits too close to residential housing.
Persian Gulf Petrochemical Industries Company (PGPIC) recorded product sales of 931.463 trillion tomans in the Iranian year 1404 (ended March 20, 2026), the highest figure in the group’s history, even as wartime conditions hit Iran’s petrochemical sector.