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…
American Fuel Costs Are Eight Times Higher Than Global Average, Report Shows
A report reveals that American consumers are facing fuel costs that are eight times higher than those in the rest of the world. This situation…
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…
Iran's Daily Oil Production Capacity; 3.7 Million Barrels
Iran's oil production capacity has increased to 3.7 million barrels per day despite sanctions and financial constraints. This growth is attributed to development projects and…
Iran's Daily Crude Oil Production Capacity Reaches 3.7 Million Barrels
Iran has successfully increased its daily crude oil production capacity to 3.7 million barrels, overcoming significant sanctions and restrictions. This growth is attributed to strategic…
Call for Identification of Technological Solutions for Human Resource Management in the Oil Industry
A call has been made to identify innovative companies for a conference on intelligent human resource management in the oil sector. This initiative seeks to…
U.S. Treasury Sanctions Target Iran's Oil Financing Amidst Rising Fuel Costs
The U.S. Treasury has imposed new sanctions targeting the financial networks supporting Iran's oil industry, impacting the country's economy and fuel prices. This move is…
Iran's Oil Production Capacity Increases by 285,000 Barrels
Iran has increased its oil production capacity by 285,000 barrels despite facing sanctions and resource limitations. This development is significant for Iran's economy and energy…
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…
The Future Oil Minister: A Selection from Within the Industry and Aligned with Requirements
The resignation of the former oil minister created uncertainty in Iran's oil sector, but the appointment of a seasoned manager has eased concerns about the…
Commencement of Major Repairs at the Oil City Desalination and Production Unit
Major repair operations have started at the Oil City production and desalination unit, involving efforts to improve equipment reliability and safety. This initiative is crucial…
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.…
Chinese Refiners Increase Iraqi Oil Purchases Amid Decline in Iranian Oil Flows
Chinese independent refiners have increased their purchases of Iraqi oil as the flow of Iranian oil has decreased. This shift indicates a growing reliance on…
Chinese Refiners Shift to Iraqi Crude Amidst U.S. Sanctions on Iran
Chinese refiners are increasingly turning to Iraqi crude oil as U.S. sanctions continue to restrict Iran's oil supply. This shift highlights the growing dependence of…
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's New Oil Chief: Prospects for Change Amid US Sanctions
Iran has appointed a new oil chief amid ongoing US sanctions, raising questions about potential changes in the country's oil strategy and its ability to…
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…
The Story of Days When the Oil Industry Rose Again from the Ashes
The Iranian oil industry faced significant damage during the imposed war, losing substantial gas production capacity. Despite this, it managed to maintain production and exports…
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…
Iran's Oil Exports Hit Zero as US Blockade Affects Kharg Island
Iran's tanker loadings have dropped to zero for the first time during the ongoing conflict, primarily due to a US blockade affecting exports from Kharg…