Bahregan region plays key role in Iran’s offshore oil production, exports

SHANA (Tehran) - The Bahregan operations chief at the Iranian Offshore Oil Company (IOOC) said the region, which covers the major Bahregansar, Hendijan, Soroush and Norouz fields, is not only a center of offshore crude production, but also a strategic hub for receiving, storing and exporting crude oil and condensate.

OPEC oil output in November stands at 28.48 mbd

SHANA (Tehran) – OPEC’s crude oil production fell by 1,000 barrels per day in November, reaching 28.48 million barrels per day, according to the organization’s latest monthly report issued in December 2025.

Start of surface facilities work at Yadavaran oil field

SHANA (Tehran) – The development manager of the Yadavaran oil field said the final results of the tenders for surface-facility work packages have been announced, clearing the way for implementation to begin. Two major operational packages — construction of wellhead facilities and pipeline networks — have been awarded to Bina Design and Construction Company and Khatam al-Anbiya Construction Headquarters.

New step toward stabilizing oil production at Aban, Paydar-e Gharb fields

SHANA (Tehran) – The acting director of the Aban and Paydar-e Gharb oil field development and production enhancement project said the company has prioritized bringing the “Sarvak” oil layer online as its main strategy to stabilize and increase output from the two fields.

SCI: Oil accounts for 23.7% of economic growth in H1

SHANA (Tehran) – Iran’s economy grew 0.1% with oil and contracted 0.5% without oil in the first six months of 1404, according to new data from the Statistical Center of Iran. The figures show that oil contributed 23.7% to Iran’s economic growth this summer, meaning roughly one-quarter of the country’s overall growth came from the oil sector.

Changouleh field moves toward producing 60,000 barrels of oil per day

SHANA (Tehran) – The first phase of development at the Changouleh oil field officially entered a new stage today, targeting production of 60,000 barrels of oil per day, as senior oil industry officials attended the launch ceremony.

Well No. 22 at Yaran Field connected to production network

SHANA (Tehran) – The project manager for the Yaran Field development said installation and commissioning of an electric submersible pump (ESP) in Well No. 22 in the northern section of the Yaran oil field has been successfully completed, and the well has been connected to the production network following performance tests and initial stabilization.

Eight OPEC+ producers maintain cautious output policy amid steady market fundamentals

SHANA (Tehran) – Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed commitment to market stability on steady global economic outlook and current healthy oil market fundamentals as reflected in low inventories.

NIOC after accelerating development of two fields

SHANA (Tehran) – The CEO of the National Iranian Oil Company has set a clear operational framework and timeline for each segment of the Khesht and Konartakhteh oil field development project, establishing deadlines to speed completion of its various components.

US imposes new sanctions on Iranian oil network

SHANA (Tehran) – The US Treasury Department imposed sanctions on a network of front companies and shipping intermediaries accused of facilitating Iran’s oil sales, in what it described as an effort to curb Tehran’s oil revenue.

OPEC Report: Iran’s Oil Price Drops $5 in October

SHANA (Tehran) – The Organization of the Petroleum Exporting Countries (OPEC) announced in its latest monthly report (November) that the average price of Iran’s heavy crude oil fell by $5.07 per barrel in October compared with September.

Gachsaran Oil and Gas Production Company meets full production target

SHANA (Tehran) – The CEO of the company announced that the forecasted production plan has been fully realized. He stated that the company, which accounts for 25 percent of the country's oil production and serves as the gateway for Iran's oil exports in the south, plays a strategic role in national energy security.

Finance minister: No signal of decline in oil revenues

SHANA (Tehran) – The Minister of Economic Affairs and Finance said he has not received any signal of a decline in oil sales, and that these revenues are part of the country's budgetary income.

Crowdfunding to be launched in Iran’s oil industry

SHANA (Tehran) – PetroCrowd, the first crowdfunding platform dedicated to Iran’s oil industry, will be launched officially with the introduction of two investment projects involving new technology-based firms (NTBFs).

Parliament speaker:

Economic reform impossible without energy reform

SHANA (Tehran) — Iran’s Parliament Speaker Mohammad-Baqer Qalibaf said Monday that economic reforms cannot succeed without first implementing energy reforms, stressing that while prices must reflect real costs, raising them without a comprehensive plan would be misguided.

MP: Mindset shift essential for sustainable oil financing

SHANA (Tehran) – The head of the Iranian Parliament’s Economic Committee stressed the need for institutional and economic reform, saying that without changing financial structures and mindsets, achieving sustainable financing in the oil and gas industry will not be possible.

Universities key to strengthening investment, innovation in Iran’s energy sector

SHANA (Tehran) – The president of Allameh Tabataba’i University said that investing in the oil, gas, and petrochemical sectors is not merely an economic act but a commitment to the nation’s long-term development.

First well in Yadavaran Production Boost Plan comes online

SHANA (Tehran) – The director of the Yadavaran oil field development project announced that the first well under the 24-well Yadavaran Production Increase Plan has come on stream.

Installation of downhole pump completed at South Yaran Oil Field

SHANA (Tehran) – The installation of an electric submersible pump (ESP) in one of the wells at the South Yaran oil field development project has been successfully completed by the field’s engineers and technical staff.

NIOC takes major step to boost oil recovery at Ahvaz field

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the importance of the Ahvaz oil field as the country’s largest, saying the new project marks a significant move toward increasing the recovery factor and advancing national oil industry policies aimed at implementing enhanced oil recovery (EOR) methods.

OPEC reports rise in Iran’s oil output in September

SHANA (Tehran) – The Organization of the Petroleum Exporting Countries (OPEC) reported that the group’s total oil production rose by 524,000 barrels per day (bpd) in September, reaching 28.44 million bpd. Iran’s output increased by 44,000 bpd to 3.25 million bpd during the same month, according to OPEC’s latest monthly report released in October.

AOGPC oil production at full swing

SHANA (Tehran) – The CEO of the National Iranian South Oilfields Company announced that the Aghajari Oil & Gas Production Company (AOGPC) has reached its maximum oil production capacity despite various challenges.

Paknejad:

Oil production growth, export records achieved despite sanctions

SHANA (Tehran) – Iran’s oil minister announced a daily production increase of more than 120,000 barrels and said crude exports have reached record levels in recent months despite sanctions. He added that the possible reactivation of the “snapback” mechanism poses no new concern for oil sales.

Oil Minister announces discovery of major gas, oil reserves

SHANA (Tehran) — Iran’s oil minister announced the discovery of significant new gas and oil reserves in the Pazan field, located in the southern part of Fars Province, saying the find could help offset the country’s future energy imbalance.

NISOC stresses ongoing reservoir assessments to sustain output

SHANA (Tehran) – The managing director of the National Iranian South Oilfields Company (NISOC) emphasized the importance of ongoing evaluations of recoverable oil and gas reserves to enable more precise planning and help achieve the goals of Iran’s Seventh Development Plan.

Eight OPEC+ nations trim oil production as markets remain steady

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 October 5, 2025, to review global market conditions and outlook, according to opec.org.

Development activities continue at Changuleh Oil Field

SHANA (Tehran) – The head of the Changuleh Oil Field Development Project announced the completion of repair and completion operations at well CG-W01 and said the drilling rig has been moved to another well to accelerate development at the shared field.

NIOC head highlights offshore oil output in Persian Gulf

SHANA (Tehran) – The managing director of the National Iranian Oil Company said achieving production targets in the Persian Gulf’s offshore fields, despite sanctions and aging equipment, is a significant accomplishment.

Scientific approach key to solving oil industry challenges, official says

SHANA (Tehran) – The production oversight director of the National Iranian Oil Company stressed the need to clearly identify challenges in developing the oil industry, saying that with a scientific approach, those challenges can be recognized and resolved.

Oil Engineering Olympiad seen as key to attracting talent

SHANA (Tehran) – The deputy oil minister for engineering, research and technology said holding the Oil Engineering Scientific and Research Olympiad is an important step toward fulfilling the Leader’s call to engage top talent in developing new technologies for the oil industry.