Iran
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SCI: Iran’s Economy grows 3% in 1403, including oil sector
SHANA (Tehran) – The Statistical Center of Iran (SCI) has reported a 3% economic growth for the country in 1403 (ended March 20) when including oil, and 2.1% without it.
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Upgrading offshore infrastructure essential for gas compression project
SHANA (Tehran) - The CEO of Pars Oil and Gas Company emphasized the need to enhance industrial workshop infrastructure for building offshore facilities to support the strategic gas compression project in South Pars.
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Abadan Refinery’s 50-MW share in supporting power grid
SHANA (Tehran) - The CEO of Abadan Oil Refining Company announced that the facility has met its internal electricity needs while supplying surplus power to the city grid to support residents during the hot season.
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Major expansion at Qeshm Dock to enhance fuel supply
SHANA (Tehran) – The project manager of the 5,000-ton Qeshm Dock said the goal of the project is to improve port infrastructure, increase docking capacity for vessels, boost export potential, enhance fuel supply, and stimulate economic growth on Qeshm Island.
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Silent dedication: The men behind South Pars gas Refinery 9
SHANA (Tehran) – Under the unbearable heat and heavy humidity of Asaluyeh, the workers at Refinery Nine of the South Pars Gas Complex stand steadfast—humble yet diligent—despite the hardships of their work, lack of amenities, and economic pressures. While, according to managers, the Ministry of Oil has taken steps to improve the conditions of operational staff, the path toward full justice in payments and enhancing workers’ welfare is still ongoing.
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IOOC speeds up Kharg NGL project
SHANA (Tehran) – The CEO of Iran’s Offshore Oil Company (IOOC) announced accelerated progress in the implementation of the Kharg Island National Natural Gas Liquids (NGL) project, emphasizing serious efforts to complete remaining phases and meet environmental objectives.
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Overhaul of two Phase 12 platforms in South Pars completed
SHANA (Tehran) – The deputy head of operations and production at Pars Oil and Gas Company (POGC) announced the safe completion of a major simultaneous overhaul of two gas platforms in Phase 12 of South Pars, involving more than 700 work orders.
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NISOC takes major step toward sustainable oil production
SHANA (Tehran) – The CEO of National Iranian South Oil Company (NISOC) announced that the company aims to increase its oil production to more than 2.8 million barrels per day by the end of this year.
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Petchem industry accounts for 19% of Iran’s industrial value-added
SHANA (Tehran) – The petrochemical industry contributes 19% of Iran’s industrial value-added while consuming only 8% of the country’s hydrocarbon resources, said Hamidreza Ajami, investment manager at the National Petrochemical Company (NPC).
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NPC: Special contracts defined for downstream industry development
SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the development of the value chain as a key priority for the petrochemical industry in the Seventh Development Plan and the 14th administration’s agenda. He noted that special contracts have been established to expand downstream industries.
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Overhauls at SP refineries boost reliability without disrupting supply
SHANA (Tehran) – Major overhauls at South Pars gas refineries began in March with the goal of maintaining steady production and improving energy efficiency through domestic capabilities. These operations, supported by extensive manpower, new technology-based firms (NTBFs), and strict adherence to safety protocols, prepare the refineries to reliably supply gas through the winter.
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SPGC launches comprehensive projects to reduce emissions
SHANA (Tehran) – The engineering manager of South Pars Gas Complex (SPGC) announced the start of comprehensive projects aimed at increasing production, reducing emissions, and improving infrastructure to ensure sustainable operations and enhance refinery and equipment performance.
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Comprehensive production roadmap drafted at NIOC
SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the continuation of increasing oil production through the end of the year, stating that due to measures taken, subsidiaries have had access to a comprehensive annual production roadmap since the beginning of the year.
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West Karun oil fields eyed for 1 mbd production
SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the need to strengthen the Arvandan Oil and Gas Company to achieve the goal of producing 1 million barrels of oil per day from the West Karun fields.
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SP’s Refinery 12 plans for sustainable production
SHANA (Tehran) – The manager of the 12th refinery at South Pars Gas Complex announced targeted plans to increase production capacity, improve product quality, reduce pollutants, and enhance equipment reliability.
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Government-Parliament cooperation key to resolving energy imbalance
SHANA (Tehran) – The head of the Institute for International Energy Studies emphasized the need for cooperation between the government and Parliament to achieve the strategic goals of the Seventh Development Plan in addressing the country’s energy imbalance.
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Iran sets June 2025 oil prices for global markets
SHANA (Tehran) – The National Iranian Oil Company (NIOC) announced official selling prices for various crude oil grades in June 2025.
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Power plant diesel reserves surge 85%
SHANA (Tehran) – Diesel storage levels at power plants reached nearly 1.5 billion liters in the first two months of the Iranian calendar year 1404 (March 21–May 21), marking an 85% increase compared to the same period last year. This significant rise highlights the Oil Ministry's readiness to ensure stable energy supply across the country.
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Flare gas recovery projects on track for completion
SHANA (Tehran) – The director of oil and gas production supervision at the National Iranian Oil Company (NIOC) reported significant progress in flare gas recovery projects, stating that the company is legally required to collect and inject a major portion of associated petroleum gases into the national grid or downstream industries by the end of the Seventh Development Plan.
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NISOC emphasizes efficiency in oil field repairs, logistics
SHANA (Tehran) – The CEO of the National Iranian South Oil Co. (NISOC) emphasized the need to speed up overhauls and secure necessary supplies for the oil industry during a visit to key projects at the Gachsaran Oil and Gas Operating Co.
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University centers play key role in petchem industry development
SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of strong, ongoing collaboration between industry and academia, stating that this partnership facilitates the petrochemical industry’s development by leveraging global knowledge and technology.
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Iran’s oil industry must tap reserves to turn potential into power
SHANA (Tehran) – A senior oil expert stated that "power in the oil market originates at the wellhead," emphasizing that vast hydrocarbon reserves hold no operational economic value until they are extracted and utilized.
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Revive exploration council to secure Iran’s oil future, says former NIOC director
SHANA (Tehran) – Saleh Hendi, former exploration director of the National Iranian Oil Company (NIOC), emphasized the strategic role of exploration in the future of the oil industry and called for the revival of the Supreme Exploration Council and greater attention to this sector by senior managers. He stated, "Exploration workers are the unsung pioneers of the oil industry."
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Changouleh Oil Field Development Plan approved by Economic Council
SHANA (Tehran) – The development and operation plan for the Changouleh oil field in Ilam Province was reviewed and approved during a meeting of the Economic Council.
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Advancing oil exploration with cutting-edge tech, private sector partnerships
SHANA (Tehran) – The deputy oil minister announced that Iran is ahead of its planned exploration targets, expressing hope that new technologies will help discover additional oil fields—even smaller ones—while facilitating private sector involvement through IPC contracts or other models.
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Iranian AI for global oil industry
SHANA (Tehran) – Pasargad Energy Development Company (PEDC) has leveraged artificial intelligence to launch a localized platform for integrated well, reservoir, and surface facility management, as well as the oil industry’s first upstream AI assistant (UIA) based on large language models (LLMs). These innovations have significantly reduced search times and streamlined experts’ access to technical knowledge.
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Iran’s oil industry: From Masjed Soleyman to new exploration frontiers
SHANA (Tehran) – The former exploration director of the National Iranian Oil Company (NIOC) described the 1908 oil discovery in Masjed Soleyman as a turning point in Iran’s modern history.
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NIDC drills, completes 20 onshore oil, gas wells
SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) announced the drilling and completion of 20 onshore oil and gas wells in the first two months of this year (March 21-May 21) using the company’s rigs.
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South Pars gas compression project: Ensuring Iran’s energy security
SHANA (Tehran) – The executive of the South Pars gas compression project emphasized the need for general contractors to set clear operational milestones, calling the project vital for sustaining production and safeguarding the country’s economic interests and strategic energy security in the coming years.
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Iran’s high potential for discovering new oil, gas reserves
SHANA (Tehran) – The former exploration director of the National Iranian Oil Company (NIOC) said the process of discovering oil and gas is becoming increasingly difficult, as large, low-risk reserves have already been identified, leaving current exploration operations with higher risks. However, Iran still holds significant potential for discovering new oil and gas resources.