IOTC:

Iran’s crude exports unstoppable

SHANA (Tehran) – The CEO of Iranian Oil Terminals Company (IOTC) stated that oil exports, as the cornerstone of economic development, continue uninterrupted thanks to the dedicated efforts of employees across all operational regions.

NISOC increases crude oil production

SHANA (Tehran) – The head of the Engineering and Development Department of the National Iranian South Oil Company (NISOC) announced the use of downhole pumps to boost and maintain production from low-pressure wells.

High-quality supplies essential for joint oilfield projects: PEDEC

SHANA (Tehran) – The procurement and logistics manager of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of securing high-quality supplies for strategic projects in shared oilfields as quickly as possible.

NIOC to accelerate hydrocarbon discovery operations

SHANA (Tehran) – Mohyeddin Jafari, head of Exploration Department at the National Iranian Oil Company (NIOC), emphasized the need to improve the execution of drilling projects, stating that the discovery of hydrocarbon resources will accelerate as obstacles are removed and new onshore and offshore rigs are added to the exploration fleet.

Pilot water injection project aims boosting oil extraction

SHANA (Tehran) – Farokh Naseri-Karimvand, technical director of the National Iranian South Oil Company (NISOC), announced that a pilot water injection project could significantly increase recoverable oil reserves in southern oil-rich regions by more than 5 billion barrels if successful.

NISOC:

Crude production of 5 mbd possible

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) said achieving a crude production capacity of 5 million barrels per day (mbd) is not out of reach, though it may be delayed due to global shifts away from fossil fuels.

AOGPC increases oil output by 40,000 bpd 

SHANA (Tehran) –The CEO of Aghajari Oil and Gas Production Company (AOGPC) announced that the company’s daily oil output has increased by 40,000 barrels over the past four months.

Overhaul completed at Shazand Oil Refinery 

SHANA (Tehran) – The head of Region 5 of the Imam Khomeini Oil Refinery of Shazand announced that an overhaul of the refinery has been completed using domestic capacities, local equipment, and Iranian experts. 

Target set for 4.5m barrels of oil production by end of Seventh Development Plan

SHANA (Tehran) – A member of the Iranian Parliament’s presiding board announced that the country aims to produce 4.5 million barrels of oil per day by the end of the Seventh Development Plan (2028).

15th Khuzestan oil exhibition kicks off in Ahvaz

SHANA (Tehran) – The 15th Khuzestan Specialized Exhibition of Petroleum Industry, Equipment, Manufacturing opened in Ahvaz on Saturday.

Iran's oil exports continue despite sanctions

SHANA (Tehran) – Iran's oil exports keep on despite the ongoing and intensifying US sanctions targeting the country's oil industry and speculation about a decline in Iran's oil exports is entirely unfounded.

Gov’t Spokesperson:

Iran’s crude production has not decreased

SHANA (Tehran) – The government spokesperson stated that oil production has not declined and emphasized that currency price management is underway, noting that the drop in oil prices and the rise in exchange rates is unrelated to oil production.

Oil production increase in South Azadegan joint field

SHANA (Tehran) – The CEO of Arvandan Oil and Gas Company announced a 2,000-barrel increase in oil production from the South Azadegan joint field.

SP first private sector oil dock begins operations

SHANA (Tehran) – The first private sector oil dock in the South Pars region has successfully entered operational service after completing its first fueling operation.

Development of phase 2 of Azar Oilfield to begin soon

SHANA (Tehran) – The project manager for the Azar Oilfield development said the Economic Council's approval for the second phase of the field’s development, under new oil contracts with an investment forecast exceeding $1 billion, has been granted.

NDF to play greater role in boosting oil production

SHANA (Tehran) – The head of the National Development Fund’s executive board said that the Economic Council of Iran has approved a plan to increase daily oil production by 250,000 barrels, as the fund is participating in its financing.

MoU signed for boosting low-yielding oil wells

SHANA (Tehran) – A tripartite agreement was signed to implement the executive guidelines for Article 13 of the Economic Council’s resolution regarding the boosting production of low-yielding oil wells.

PEDEC emphasizes on preserving Hur al-Azim in Sohrab Oilfield development

SHANA (Tehran) – The CEO of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of protecting the Hur al-Azim wetland during the development of the Sohrab Oilfield at the ninth Joint Management Committee (JMC) meeting for the project. 

Oil minister:

Iran’s oil production capacity to increase by 250,000 bpd

SHANA (Tehran) – The oil minister announced plans to increase oil production capacity by approximately 250,000 barrels per day.

Crude production hike of 30,000 bpd targeted for Sepehr, Jofeir fields

SHANA (Tehran) – The CEO of Pasargad Exploration and Production Company announced that oil production from the Sepehr and Jofeir fields has surpassed 50,000 barrels per day, with hopes to achieve a further increase of 30,000 barrels daily next year. 

Head of Parliament’s Energy Committee:

Energy shortages have accumulated over years

SHANA (Tehran) – The head of the Parliament’s Energy Committee stated that the issue of energy imbalances is not new, adding that challenges in this sector have built up over time and culminated in the current situation as he emphasized the need for short-, medium-, and long-term solutions to address the problem.

Gov’t spox:

Past policy missteps behind current energy imbalances

SHANA (Tehran) – The government spokesperson stated that current imbalances are the outcome of flawed policies from the past, emphasizing that these issues did not arise overnight.

Paknejad:

Oil Ministry, Parliament’s Energy Committee join hands to address energy shortages

SHANA (Tehran) – Iranian Oil Minister Mohsen Paknejad said that discussions with members of the Energy Committee of the Parliament resulted in a consensus around enhancing mutual cooperation to address energy shortages, adding that “The goal is to ensure fuel supply with minimal repercussions.”

CEO:

POGC plays great role in sustainable gas supply

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) highlighted the company's significant role in ensuring the sustainable supply of gas in the country, stating that the company has consistently played an indispensable part in this effort with 13 refineries and 39 production and support platforms.

NIOPDC announces 36% rise in power plant fuel delivery in Tehran

SHANA (Tehran) – The director of the Tehran branch of the National Iranian Oil Products Distribution Company (NIOPDC) announced a 36% hike in liquid fuel deliveries to the province's power plants over the past two months saying, “The average daily gasoline consumption in Tehran is now 22 million liters, reflecting a 5% increase compared to the same period last year.”

Iran increases daily diesel production by 15m liters under new gov’t

SHANA (Tehran) – A senior official from the National Iranian Oil Refining and Distribution Company (NIORDC) announced an increase of 15 million liters in the country's daily diesel production over the four months of the new government's term.

Oil minister: No challenges in Iran’s oil sales

SHANA (Tehran) – The oil minister addressed rumors about problems with oil sales, dismissing them as baseless and part of psychological operations by adversaries. "We currently have no issues with selling oil," he said, adding "Measures have been taken to ensure we face minimal challenges in the future."