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Drilling fleet expansion in South Pars joint field
SHANA (Tehran) – The CEO of Pars Oil and Gas Company announced a more than doubling of the drilling rigs operating in the South Pars joint field, stating: "With the expansion of the drilling fleet and the increase in rigs to 10, the process of boosting the country's gas extraction capacity has been significantly strengthened."
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Iran increases gas production, processing capacity
SHANA (Tehran) – Iran’s oil minister said the country’s gas production and processing capacity is rising as damaged facilities gradually return to operation.
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Oil minister visits Kangan petro-refinery facilities
SHANA (Tehran) – During a one-day trip to Asaluyeh, Oil Minister Mohsen Paknejad visited the Kangan Petro-Refinery following stops at South Pars Phase 13 platform, Fajr Jam refinery, and South Pars Phase 14 refinery.
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Adequate, stable liquid fuel supplied to power plants
SHANA (Tehran) – Oil Minister Mohsen Paknejad said adequate and stable volumes of liquid fuel have been supplied to power plants to ensure uninterrupted electricity for consumers, while gas deliveries to the plants have also increased.
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Fajr Jam damaged unit returns to service during peak gas demand
SHANA (Tehran) –Oil Minister called the rapid restoration of a damaged unit at Fajr Jam Gas Refinery a key example of reliance on domestic expertise.
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Damaged Fajr Jam unit returns to production
SHANA (Tehran) – The second train of the sweetening unit at the Fajr Jam Gas Refining Company, which was damaged during the 12-day war, has returned to production in the presence of Oil Minister Mohsen Paknejad.
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Iran oil minister visits Assaluyeh
SHANA (Tehran) – Iran’s oil minister traveled to Assaluyeh on Monday, accompanied by senior oil industry officials, to inspect projects in the Pars Special Energy Economic Zone.
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Supporting domestic manufacturers is a national strategy
SHANA (Tehran) – The commercial manager of the South Pars Gas Complex said supporting domestic manufacturers is a national strategy and a top priority for the complex, noting that 95% of the goods and equipment required by South Pars’ 13 refineries were sourced domestically in the first nine months of the current year.
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Fajr Jam Gas Refining Company ready to ensure stable gas supply in winter
SHANA (Tehran) – The operations manager of Fajr Jam Gas Refining Company said the company is fully prepared to operate at maximum capacity during the cold season, stressing that stable gas production in line with its commitments is a top priority and that all safety, health and environmental (HSE) requirements are being fully observed.
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No stalled receivables from oil exports
SHANA (Tehran) – The financial director of the National Iranian Oil Company denied reports that $8 billion in revenue from crude oil and gas condensate exports has not been collected, saying there are currently no stalled receivables.
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Petchem firms fetch $6.7b in forex to Iran
SHANA (Tehran) – The secretary-general of the Petrochemical Industry Employers Association said petrochemical companies supplied $6.7 billion in foreign currency to Iran’s Gold and Currency Exchange Center in the first nine months of the current year.
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Completion of drilling at 10th well of South Pars Phase 11
SHANA (Tehran) – The CEO of the Petropars Group announced the successful completion of drilling at the 10th well on Platform B of South Pars Phase 11, saying the well’s connection to the network will add about 2.5 million cubic meters per day to Iran’s gas production capacity.
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PetroPark bridges ideas to market
SHANA (Tehran) – The head of research and technology at the National Iranian Oil Company underscored the key role of the Petroleum Industry Innotech Park (PetroPark) in completing the chain from idea to market, saying closer interaction between the research and technology management and the park can help address real challenges in the oil industry.
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Localization of technology key to boosting gas output at SP
SHANA (Tehran) – The head of the South Pars Phase 10 refinery said reliance on domestic technical know-how has strengthened production stability, reduced foreign dependence and expanded byproducts, driven by Iranian specialists.
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OPEC’s tough year: A quarter of oil’s value lost
SHANA (Tehran) – OPEC’s oil basket ended 2025 down 24% from the previous year after a period of sharp volatility.
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Tehran, Moscow seek deeper strategic energy cooperation
SHANA (Tehran) – The Iran-Russia Joint Energy Working Group met under the leadership of Iran’s deputy oil minister for international affairs and commerce and Russia’s deputy energy minister, stressing the need to operationalize strategic memorandums of understanding between the two countries.
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NIOC sees faster payment collection amid oil price decline
SHANA (Tehran) – Behzad Shamsi, chief financial officer of the National Iranian Oil Company (NIOC), said global oil prices have dropped about 21% in recent months compared with previous periods—a significant decline. However, the oil ministry has partly offset the drop by boosting export volumes and reducing discounts.
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Oil Ministry backs more than 80% of first-of-a-kind manufacturing projects
SHANA (Tehran) — More than 80% of Iran’s first-of-a-kind manufacturing projects have been carried out with the support of the Oil Ministry, a deputy oil minister said, underscoring the ministry’s long-standing policy of backing domestic production.
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Daily diesel deliveries to power plants rise to 65m liters
SHANA (Tehran) – Daily deliveries of diesel to Iran’s power plants have increased by 30 percent to 65 million liters to ensure continued electricity generation, the National Iranian Oil Refining and Distribution Company said.
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Oil sale proceeds deposits overseen by CBI, minister says
SHANA (Tehran) – Oil minister said the mechanism for depositing proceeds from oil sales is overseen, monitored and controlled by the Central Bank of Iran, stressing that the Oil Ministry has no role in banking operations related to those funds.
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LPG production at Fajr Jam refinery up 38%
SHANA (Tehran) – The CEO of Fajr Jam Gas Company said the company produced nearly 19,000 metric tons of liquefied petroleum gas (LPG) in the first nine months of the current Iranian year, marking a 38% increase from the same period last year.
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MoUs inked for two South Pars gas compression hubs
SHANA (Tehran) – Two cooperation agreements have been signed to launch specialized studies and oversee basic engineering for Hubs 3 and 6 of the South Pars gas field pressure-boosting project.
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Oil sales volume remains strong, minister says
SHANA (Tehran) – Iran’s oil sales volume remains strong and continues at previous levels, Oil Minister Mohsen Paknejad said on Thursday.
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South Azadegan production capacity hits 160,000 barrels a day
SHANA (Tehran) — The chief executive of Petropars Group said the operational capacity of the South Azadegan joint oil field has increased to 160,000 barrels per day, citing the start-up of the second train of the central processing facility and the gradual return of wells to production.
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Second Azadegan processing train boosts output, stabilizes production in West Karoun
SHANA (Tehran) — Iran’s oil minister said the launch of the second processing train at the South Azadegan central processing facility will play a key role in increasing output, capturing associated gas and stabilizing sustainable production in the West Karoun region.
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Imported premium gasoline sales to begin in Tehran
SHANA (Tehran) – Iran will begin offering imported premium gasoline in Tehran starting Thursday, according to a statement from the National Iranian Oil Products Distribution Company.
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Paknejad says oil sale discounts have declined
SHANA (Tehran) – Iran’s oil minister said discounts offered on Iranian crude sales have steadily declined over the past year, while early data from a new gasoline policy show lower fuel consumption, though he cautioned against drawing short-term conclusions.
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Research, technology at the core of oil industry transformation
SHANA (Tehran) – Iran’s Ministry of Oil marked Research and Technology Week this year with a focus on developing advanced technologies, strengthening ties between industry, universities and new technology-based firms, and advancing a targeted shift toward digital transformation.
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Gas sales to petrochemicals fund major share of subsidy program
SHANA (Tehran) – A senior oil official said a substantial portion of the country’s targeted subsidy funding is generated from natural gas sales to industry—particularly petrochemical producers—underscoring the sector’s role in financing public welfare programs.
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PDA rolled out for oil industry
SHANA (Tehran) – Iran’s oil minister issued a standardized Innovative Product Development Agreement, known as the PDA, to support the use of advanced products and expand domestic manufacturing by new technology-based firms (NTBFs) across the oil industry.