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.

Oil production hits record high with development projects

SHANA (Tehran) – Iran has broken its oil production record for the first time in seven years following new development measures in its oil fields, the oil minister said.

NIOC transfers 130 exploratory wells to operators

SHANA (Tehran) – The National Iranian Oil Company has delivered more than 130 exploratory wells to operating companies, with about 70% of them ready to enter oil and gas production after repair and completion work, a senior official said.

Mobile desalting unit lifts production limits at Cheshmeh-Khosh field

SHANA (Tehran) — The launch of a mobile desalting unit at the Cheshmeh-Khosh oil field has removed production restrictions and marked a major step in cooperation with the National Iranian Oil Company, according to the head of ZN Vostok.

NIOC focuses on boosting output, capturing associated gas

SHANA (Tehran) — The National Iranian Oil Company is centering its plans on boosting production and capturing associated gas despite external pressures and sanctions, the company’s chief said Wednesday.

Oil minister:

Snapback mechanism won’t create new restrictions on oil sales

SHANA (Tehran) – Iran’s oil minister said Wednesday that the snapback mechanism would not create new obstacles to crude oil sales, stressing that the government has plans in place should challenges arise.

Iran boosts oil production by 14,000 barrels a day

SHANA (Tehran) — Iran has increased output at the Cheshmeh-Khosh oil field by 14,000 barrels a day after launching a mobile desalting unit, raising total daily production to 114,000 barrels, the head of the Petroleum Engineering and Development Company (PEDEC) said Wednesday.

NIOC says oil sales continue through diverse methods

SHANA (Tehran) – Iran continues to sell and export oil through a range of methods in line with national policies, the managing director of the National Iranian Oil Company said, rejecting speculation about changes in the country’s sales strategy.

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.