Energy

Iran to launch major oil, petrochemical projects monthly through year-end

Iran’s Oil Minister Mohsen Paknejad announced that starting in June, a major oil or petrochemical project will be inaugurated each month in Iran until the end of the year.

Iran’s oil exports at $67bn in year to March: Central Bank

Iran’s oil exports reached a 10-year record in the calendar year to late March, according to figures released by the country’s central bank, despite draconian US sanctions.

Iran Resumes Exploratory Oil Drilling in the Caspian

Iran’s Oil Minister, Mohsen Paknejad, issued the order to restart exploratory drilling operations in the shallow waters of the Caspian Sea, in Northern Iran, with the North Drilling Company’s rig being deployed at a depth of 70 meters.

Iran’s oil minister unveils major reforms to boost private sector participation and investment in energy projects

Iran’s Oil Minister Mohsen Paknejad has announced a series of reforms aimed at facilitating private sector involvement and accelerating investment in the country’s oil and gas industry, as part of the administration’s broader energy development strategy.

Tehran judiciary employs AI to track financial networks in fuel smuggling cases

Tehran's judiciary has announced the use of artificial intelligence (AI) in tracing the financial networks behind fuel smuggling operations.

Iran signs 4 oilfield development contracts with Russia

Iran’s Minister of Petroleum, Mohsen Paknejad, announced the signing of four major contracts with Russian companies for the development of seven Iranian oilfields.

Organized fuel smuggling ring busted in Iran: over 6 million liters seized

Iranian authorities have announced the definitive sentencing of those involved in a massive organized fuel smuggling case involving two foreign oil tankers.

Iran, Iraq sign agreement for NGL 3100 feedstock supply to border province petrochemical plant

Iran and Iraq have signed a memorandum of understanding (MoU) to supply NGL 3100 feedstock to Dehloran Petrochemical Plant, in western Iranian border province of Ilam.

Iranian and Iraqi oil ministers sign memorandums of understanding to expand cooperation

The oil ministers of Iraq and Iran signed several memoranda of cooperation to strengthen mutual collaboration during a meeting in the Iraqi capital Baghdad. Iraqi Oil Minister Hayan Abdel Ghani and his Iranian counterpart Mohsen Paknejad also explored future opportunities.

Iran faces summer power crisis as drought worsens, daylight saving debate reignites

Iran's power grid is under severe strain as a prolonged drought reduces hydropower generation while summer electricity demand reaches record levels, raising fears of widespread blackouts in coming months.

Official: Iran loses $140 million daily to fuel smuggling as tracking systems fail

Iran is losing between 20-28 million liters of fuel daily to smuggling operations, costing the country $140 million in potential export revenues each day, according to a member of Iran's Anti-Smuggling Headquarters.

Oil prices sink to lowest levels in four years: Report

Oil prices plunged Monday, with investors worried about the economic fallout from US President Donald Trump’s decision to impose massive tariffs on America’s trading partners.

Official: South Pars Complex sent 196 billion cubic meters of natural gas to Iran national grid last year

The CEO of Iran's South Pars Gas Complex says in the Persian year of 1403 (from March 20- 2024 to March 20, 2025), the complex injected over 196 billion cubic meters of natural gas into the national grid thanks to efforts by Iranian specialists at the thirteen refineries of South Pars Gas field in the Persian Gulf.

Iran begins production from new well in Persian Gulf gas field 

Iran has started production from the eighth well in Phase 11 of the South Pars gas field, in the Persian Gulf—the largest gas field in the world. The achievement was made possible through the efforts of Iranian experts

Official: Iran daily gasoline production reaches 120 million liters

The Deputy Minister of Oil and CEO of the National Iranian Oil Refining and Distribution Company announced that the total daily gasoline production in the country has reached approximately 120 million liters. 

Minister: Reducing Iran Oil Exports Pipe Dream 

Iranian Oil Minister, Mohsen Paknejad, emphasized that the US threats to reduce the country's crude oil exports are nothing more than a pipe dream that will never materialize.

Iran calls on Iraq to counter ‘enemy provocations’ in oil trade

Iranian Oil Minister Mohsen Paknejad, in a phone call on Wednesday with his Iraqi counterpart, Hayan Abdul Ghani, emphasized vigilance against what he called "enemy provocations,” according to Iran's official government news portal.

Iran intercepts major fuel smuggling involving oil export company

Iranian authorities have seized a ship carrying smuggled fuel in the Persian Gulf in a significant crackdown on illicit petroleum trade.

Iran to unveil oil investment opportunities as crude output rises

Iran's Oil Minister Mohsen Paknejad announced plans to showcase new investment opportunities in the oil sector, coinciding with increased crude production of 50,000 barrels per day.

Iran asserts oil trade operates within legal frameworks, denies claims of shipment seizures

Iran’s Ministry of Petroleum has rejected claims by Iraq’s oil minister regarding the alleged seizure of Iranian oil tankers by the US, calling the reports "unfounded and politically motivated."

Iran marks 74th anniversary of oil industry nationalization

Iran marked the 74th anniversary of the nationalization of its oil industry on Wednesday, a landmark event in the nation’s history.

Iran’s daily gasoline use hits record of 144 million liters on eve of Persian New Year holidays

Iran has reported a new record in gasoline consumption as motorists take to the roads at the start of a busy travel season that coincides with the Persian New Year holidays.

Iran says will never back down from its share in global oil market

Iranian government spokeswoman Fatemeh Mohajerani stressed Tehran will never back down from its share in the global oil market.

Ministry: US will Fail to Obstruct Iran Oil Sales Efforts

The Iranian Ministry of Petroleum announced that the inclusion of Mohsen Paknejad, Iran's Minister of Petroleum, in the latest sanctions list by the US Department of the Treasury is a result of his extensive efforts to maximize Iran's oil sales, adding the US will not succed in hindering Iran's efforts to sell oil.

Chief supervisor: Iranian petrochemical companies fail to repatriate 30% of export revenues

The Central Bank of Iran’s auditor has revealed that petrochemical companies have failed to return 30% of their export revenues this year, up from 12% the previous year.

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