2 February 2026 - 17:57
  • News ID: 1485751
Strategic oil industry plans approved to boost production

SHANA (Tehran) – Strategic plans in the oil and power sectors aimed at increasing production and strengthening the country’s energy supply were approved on Monday at a meeting of the Economic Council.

According to fvpresident.ir, the council, chaired by Mohammadreza Aref, approved the general framework of a plan designed to raise oil output and offset declines in gas production. The plan includes pressure-boosting at the shared South Pars gas field, development of the Sepehr and Jofeir oil fields, and accelerated production from the Azadegan field.

Under the council’s decision, supplementary proposals related to the plan will be reviewed and finalized by the government’s economic headquarters within the next two weeks. The plan involves $17 billion in investment and is expected to generate $520 billion in revenue for the country.

The council also approved a real-time monitoring and management project for a comprehensive smart system covering the oil products supply chain. The project, with an investment of 420 million euros and 7.5 trillion rials funded from internal resources of the National Iranian Oil Refining and Distribution Company, aims to establish intelligent and integrated oversight of the production, transportation and storage of oil products from 2025 to 2028.

The meeting also stressed the need to enhance the security of smart systems and expand the use of artificial intelligence in data analysis.

News ID 1485751

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