Persian Gulf terminal keeps oil exports steady

SHANA (Tehran) – The Persian Gulf oil export terminal, the final link in the processing, storage and export chain for oil from the Soroush and Norouz fields, has played a key role in sustaining Iran’s oil exports for more than a decade. It has continued operating without interruption even during periods of sanctions and war.

Oil sales volume remains strong, minister says

SHANA (Tehran) – Iran’s oil sales volume remains strong and continues at previous levels, Oil Minister Mohsen Paknejad said on Thursday.

South Azadegan production capacity hits 160,000 barrels a day

SHANA (Tehran) — The chief executive of Petropars Group said the operational capacity of the South Azadegan joint oil field has increased to 160,000 barrels per day, citing the start-up of the second train of the central processing facility and the gradual return of wells to production.

Strategic role of South Azadegan processing in boosting oil output

SHANA (Tehran) – The head of Iran’s Oil Engineering and Development Company said the completion of the second processing train at the shared South Azadegan oil field marks the country’s first major oil output expansion project since 1395 and carries significant strategic importance for the industry.

President orders launch of second processing train at South Azadegan field

SHANA (Tehran) – The second processing train at the central processing unit of the shared South Azadegan oil field was inaugurated Thursday by order of President Masoud Pezeshkian via videoconference, boosting the field’s crude oil processing capacity to 160,000 barrels per day.

Sabzab–Shazand pipeline delivers crude to Shazand refinery

SHANA (Tehran) — Crude oil has reached the Shazand refinery for the first time through the newly commissioned Sabzab–Shazand crude oil pipeline, expanding Iran’s capacity to transport oil from the south to central and northern regions, the head of the Iranian Oil Pipelines and Telecommunications Company said.

Paknejad says oil sale discounts have declined

SHANA (Tehran) – Iran’s oil minister said discounts offered on Iranian crude sales have steadily declined over the past year, while early data from a new gasoline policy show lower fuel consumption, though he cautioned against drawing short-term conclusions.

IOOC launches over150 first-of-a-kind research projects

SHANA (Tehran) – Iranian Offshore Oil Company (IOOC) has defined 154 first-of-a-kind research projects with support from the Vice Presidency for Science, Technology and the Knowledge-Based Economy, with more than 25 projects already approved for implementation, the company’s head of research and technology said.

Research spending soars 11-fold as dozens of projects advance in NISOC

SHANA (Tehran) – The head of research and technology at the National Iranian South Oilfields Company (NISOC) said dozens of projects are underway across research, first-of-its-kind production, graduate studies and artificial intelligence, with research funding rising more than elevenfold over the past five years.

Arvandan oil output rises with start-up of Darkhovin Well 35

SHANA (Tehran) – The managing director of Arvandan Oil & Gas Company said production has increased following the start-up and flow of Well 35 at the Darkhovin oil field after years of inactivity, adding 4,000 barrels per day to the company’s oil output.

Savings should be directed to oil with sound policies

SHANA (Tehran) — A senior economic official said proper policymaking could make oil investments more profitable than gold, redirecting public savings toward the oil industry.

Sepehr and Jofeir output tops 34m barrels

SHANA (Tehran) – Cumulative oil production from the Sepehr and Jofeir oil fields has surpassed 34.5 million barrels, according to a report presented at the 24th meeting of the Joint Management Committee for the fields’ development and production increase plan.

First Administrative Health Conference in oil sector to be held

SHANA (Tehran) – The first Administrative Health Conference in Iran’s oil industry will be held Monday at the Oil Ministry’s central headquarters, with senior ministry officials in attendance.

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.