Madar gas field development to begin soon

SHANA (Tehran) – The development of Iran’s Madar gas field will soon enter its execution phase, a project the head of the National Iranian Oil Company (NIOC) stated would help address the country's gas shortfall. Similar contracts are expected to be signed this year.

OPEC’s daily oil output up by 478,000 barrels in August

SHANA (Tehran) – According to the Organization of the Petroleum Exporting Countries' latest monthly report, OPEC’s daily oil production increased by 478,000 barrels in August to reach 27.5 million barrels per day.

Nowruz Oil Field production increases with offshore cable operation

SHANA (Tehran) – Oil production from the Nowruz field has increased by 1,500 barrels per day following the completion of a complex offshore power cable operation, according to an Iranian offshore oil company official.

Eight OPEC+ states announce additional voluntary adjustments

SHANA (Tehran) – The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on September 7, 2025, to review global market conditions and outlook, according to opec.org.

Leader: Greater activity required for oil exports

SHANA (Tehran) – Ayatollah Seyyed Ali Khamenei, the Leader of the Islamic Revolution, met with President Masoud Pezeshkian and members of the cabinet on September 7, 2025, at Imam Khomeini Hussainiyah of Tehran, according to khamanei.ir.

Iran boosts monthly oil exports by 630,000 barrels

SHANA (Tehran) — Iran’s oil exports have risen by an average of 630,000 barrels per month in the first four months of the current Iranian year compared with the same period in 1403, Oil Minister Mohsen Paknejad said Wednesday.

Sustaining oil production through infrastructure strengthening, private sector involvement

SHANA (Tehran) – The technical manager of the National Iranian South Oil Company (NISOC), while outlining the oil industry's development plans, announced that the main strategies for achieving sustainable production goals are focusing on undeveloped fields, well workovers, energy consumption management, and the implementation of desalination projects.

Speaker: US unable to halt Iran oil sales

SHANA (Tehran) — The United States has been unable to stop Iran’s oil sales, Iran’s Parliament speaker said Tuesday.

Iran targets €3.7b in upstream oil projects by year-end

SHANA (Tehran) – Iran’s oil industry aims to bring more than €3.7 billion worth of strategic projects online by the end of this year, focusing on boosting oil and gas production and processing capacity to ensure the country’s energy stability.

Iran sets oil export records despite sanctions, war

SHANA (Tehran) – Iran’s crude oil and condensate exports reached historic highs over the past 12 months despite the imposition of 14 new US sanction packages totaling 465 measures, including the largest oil sanctions since 2018.

Marun Oil and Gas Company reports full achievement of production program

SHANA (Tehran) – Marun Oil and Gas Production Co. has fully achieved its crude oil production program, significantly reduced gas flaring, localized key strategic equipment and carried out major infrastructure and social projects in neighboring areas, the company’s managing director said.

Iran targets daily gas output of 1.35 bcm

SHANA (Tehran) — The National Iranian Oil Company aims to boost daily gas production to 1.35 billion cubic meters by the end of the country’s Seventh Development Plan (2024-28), the company’s chief said Saturday.

Despite attacks, Iran's oil sector reports increased fuel reserves

SHANA (Tehran) – Following the Israeli regime’s military aggression on Iranian soil, the Ministry of Oil, through comprehensive crisis management, not only prevented disruptions in the country’s energy supply but also increased strategic fuel reserves – despite unprecedented consumption growth and targeted attacks on facilities.

Iran inaugurates major oil pipelines to boost energy security

SHANA (Tehran) – Iran has officially inaugurated two major oil pipelines, the Bandar Abbas-Rafsanjan and the Sabzeab-Shazand lines, in a ceremony led by President Masoud Pezeshkian and Oil Minister Mohsen Paknejad via video conference.

New pipeline boosts Iran’s fuel transfer capacity by 100%

SHANA (Tehran) — Iran has launched a new oil products pipeline from Bandar Abbas to Rafsanjan, doubling the country’s capacity to transport fuel from southern refineries to central and northern regions, officials said Friday.

Paknejad:

Iran’s crude production capacity up by 127,000 bpd

SHANA (Tehran) - Iran’s crude oil production capacity has increased by 127,000 barrels per day over the past year, according to the country’s oil minister.

2,900 km of oil, product pipelines to be operational by end of 7th Development Plan

SHANA (Tehran) - Oil Minister Mohsen Paknejad said Friday that the development of infrastructure and pipelines for transferring crude oil and petroleum products has been a priority since the beginning of the current administration's term.

Oil Minister outlines key achievements, priorities of gov’t

SHANA (Tehran) — Oil Minister Mohsen Paknejad detailed the main actions of the Oil Ministry over the past year, emphasizing that the ministry aims to accelerate projects and pursue both short-term initiatives led by the private sector and long-term infrastructure plans.

2.455bn Oil Barrels Awaiting Investment

SHANA (Tehran) - Mehr, Zagheh, Shour, and Genaveh oil fields are untapped offshore reservoirs that were recently introduced as opportunities for investment in Iran’s upstream oil and gas sector. The four oil fields collectively hold 2.455 billion barrels of oil in place, with an estimated investment of $265 million required for their development. Mehr and Zagheh lie in Khuzestan Province, and the other two are in Bushehr. What has made the fields attractive to investors is their geographical position.

West Karun Oil Fields: Balancing rising production with sustainable development

SHANA (Tehran) – The CEO of Petroleum Engineering and Development Company (PEDEC) outlined the company’s strategic plans for developing the West Karun joint oil fields, highlighting key achievements over recent months. These include completing processing infrastructure, adopting advanced drilling technologies, capturing associated gas, and adhering to environmental regulations.

Iran sets new record for oil production

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced the country has set a new record for oil production.

Oil minister honors employees, hails workforce as engine of progress

SHANA (Tehran) — Iran’s oil minister marked Employee Day with a message praising oil industry employees for their dedication, describing them as being on the front line of public service and a pillar of the country’s energy security.

KOGPC sets daily record of 1m barrels

SHANA (Tehran) — The managing director of Karoun Oil and Gas Production Co. announced a historic milestone in March 2025, with daily crude oil output reaching 1 million barrels for the first time.

Iran sets new oil, gas production records despite sanctions, war

SHANA (Tehran) — Iran’s oil industry has posted record production levels of crude oil and natural gas despite facing sanctions, energy shortfalls and the impacts of war, according to government data.

Iran touts oil sector gains: Exports up, idle capacity restored

SHANA (Tehran) – The deputy head of the Iranian Parliament's Energy Committee cited the most significant achievements of the Oil Ministry under the 14th administration as growth in oil exports, an improved national gas balance, the activation of private sector capacity, and the revival of idled and suspended capacities in the upstream and midstream oil and gas industry.

IEA confirms rise in Iran’s crude production

SHANA (Tehran) – The International Energy Agency reported that Iran’s crude oil production rose by about 200,000 barrels in July.

Little time left for maximum output from oil fields: NISOC

SHANA (Tehran) – The head of the National Iranian South Oilfields Company (NISOC) warned that there is little time left to maximize output from the country’s oil reserves, citing global fossil fuel conditions and environmental challenges.

Tehran Oil Refinery projects accelerate under 14th administration

SHANA (Tehran) – The engineering manager of Tehran Oil Refining Company’s projects announced that the implementation of the refinery’s initiatives has been expedited under the 14th administration. Several projects, including urban wastewater treatment, industrial hexane production and connection to the national power grid, are set to launch in the coming months.