Even with the shutdown of industries, domestic gas is running low!

Even with the shutdown of industries, domestic gas is running low!

An energy expert warned about a sharp decline in gas production in the country, emphasizing that without immediate investment of up to $70 billion in gas fields, Iran's gas production will drop to 500 million cubic meters per day within 3 to 5 years, while domestic consumption in the winter will reach 650 to 700 million cubic meters.

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24% decrease in water reserves in the country’s dams

24% decrease in water reserves in the country’s dams

The amount of water reserves in dams on the 10th of Khordad 1403 (1924) exceeded 35 billion cubic meters, which, when compared to the current volume of water reserves in dams, indicates a 24% decrease in the country's dam water reserves.
Iran emphasizes bilateral talks on Arash gas field

Iran emphasizes bilateral talks on Arash gas field

The Foreign Ministry spokesman announced: "Iran has always emphasized constructive cooperation with the Kuwaiti government in the field of energy, especially regarding the Arash gas field and the joint exploitation of its resources, based on bilateral negotiations and the history of previous talks."
Iran-US talks raise oil prices

Iran-US talks raise oil prices

Oil prices rose on Tuesday as concerns about supply increased due to media claims that talks between Iran and the United States may not reach a conclusion, while the dollar weakened.
Fuel smuggling wastes $8 billion of the country’s resources annually

Fuel smuggling wastes $8 billion of the country’s resources annually

The advisor to the CEO of the National Iranian Petroleum Refining and Distribution Company reported that $6 to $8 billion of the country's resources are wasted annually due to fuel smuggling, saying: "We must have a national perspective in fuel allocation, while the relevant agencies have a sectoral perspective."
Incentive package announced to facilitate upstream oil and gas contracts

Incentive package announced to facilitate upstream oil and gas contracts

Following the Supreme Leader's (Supreme Leader's) emphasis on facilitating and accelerating the conclusion and implementation of upstream oil and gas contracts, the Economic Council notified the Ministry of Oil of the issue of "facilitating the conditions for concluding and implementing upstream oil and gas contracts" in line with achieving the goals of the Seventh Progress Plan of the Islamic Republic of Iran.