October 2026
Continued Development of Phase 11 of South Pars to Help Address National Gas Shortage
Iran has initiated drilling at a key gas platform to sustain production levels and mitigate a national gas shortage. This development involves the South Pars…
Iran, Russia, Azerbaijan finalize trilateral energy pact for gas swap
Iran, Russia, and Azerbaijan are finalizing a trilateral gas trade agreement that will facilitate gas swaps through Baku, with new Russian investments planned for Iranian…
Exploring Cooperation Capacities Between Iran and Azerbaijan in the Energy Sector
The Iranian Oil Minister and the Azerbaijani Energy Minister engaged in discussions about energy trade and potential collaboration. This meeting highlights the ongoing efforts to…
Iran and Russia Near Finalization of Gas Exchange Agreement
Iran and Russia are nearing the finalization of a gas exchange agreement, as stated by Hamid Bovard, the acting head of Iran's Oil Ministry. This…
Investment Security Essential for Stability in Global Gas Market
Ali-Mohammad Mousavi, the deputy of the Iranian oil minister for international affairs, emphasized that ensuring investment security is crucial for the stability of the global…
Nearly Fourfold Increase in Production at First Well Equipped with Downhole Pump in Azadegan
The first well with a downhole pump in the Azadegan oil field has significantly increased its daily production. This development is crucial for Iran's oil…
The Capacity of Iran's Largest Oil Processing Center Reaches 320,000 Barrels Per Day
Iran's largest oil processing center has increased its capacity to 320,000 barrels per day, enhancing its oil production capabilities. This development is significant for Iran's…
The First Well of the ESP Project in the Azadegan Field Has Commenced Production
The first well of the ESP project in the Azadegan oil field has started production after successful installation and commissioning of equipment. This project is…
Iran Accelerates Restoration of South Pars Gas Production Capacity
Hamid Bovard, the Acting Oil Minister of Iran, announced advancements in the reconstruction of South Pars refineries, aiming to restore lost gas production capacity by…
Ex-Iran Oil Minister Denies Resignation Linked to Trump's Claims
Former Iranian oil minister Mohsen Paknejad stated that his resignation was not influenced by claims made by US President Donald Trump. This clarification comes amid…
Iran's Resigned Oil Minister Refutes Trump's Claims of Economic Ruin
The resigned Iranian oil minister has publicly rejected former President Trump's assertions that Iran's economy is in ruins, labeling them as false. This statement reflects…
Governor of Iran's Central Bank: We Have No Currency Supply Issues
Donald Trump criticized Iran's economic situation, citing high inflation and a recent resignation of the oil minister. In response, the Governor of Iran's Central Bank…
Trump's Strange Claim About the Resignation of Iran's Oil Minister and the Strait of Hormuz
U.S. President Donald Trump made a surprising claim regarding the resignation of Iran's oil minister, stating that the minister expressed despair over the country's economic…
U.S. Issues Sanctions Warning for Iran Business Amid Oil Minister Resignation
The U.S. has issued a warning regarding potential sanctions on businesses operating in Iran without prior notice, coinciding with the resignation of Iran's Oil Minister.…
Continued Development in Phase 11 of South Pars
Phase 11 of the South Pars gas field is advancing its development by increasing the number of active wells and boosting gas production. The project…
Iran's Oil Minister Resigns Amid Fuel Shortages and Export Challenges
Iran's oil minister has resigned due to ongoing fuel shortages and pressure on crude exports. This resignation highlights the challenges faced by the Iranian government…
Iran Oil Minister Resigns Amid Ongoing US Blockade on Petroleum Exports
Iran's Oil Minister Mohsen Paknejad has resigned and is temporarily replaced by Hamid Bovard, the head of the National Iranian Oil Company, amid ongoing US…
Iran's Oil Minister Resigns, New Executive Appointed
Iran's oil minister has resigned and has been succeeded by an oil executive, signaling a potential shift in the country's energy policy. This change comes…
Iran Oil Minister Resigns amid US Blockade on Oil Exports
The Iranian Oil Minister has resigned due to the challenges posed by the US blockade on oil exports. This situation highlights the difficulties Iran is…
A New Experience in the Oil Industry with the Operation of an ESP Pump with a Capacity of 2,000 Cubic Meters
The Iranian oil industry has successfully operated an electric submersible pump with a capacity of 2,000 cubic meters per day for the first time in…