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.
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.
Announcing Iran’s oil sales price in June

Announcing Iran’s oil sales price in June

According to the National Iranian Oil Company, the price of Iranian light oil in June 2025 for Asian customers will be slightly higher than last month, nearly $2 above the base price (Oman/Dubai crude oil price).
Leading the country’s oil exploration by relying on modern technologies

Leading the country’s oil exploration by relying on modern technologies

The Deputy Minister of Petroleum, announcing that we are ahead of the plan and capacity set for exploration in the country, stated: "I hope that by utilizing new technologies, we will be able to reach new fields (although smaller) and provide the basis for the presence of the private sector in the form of IPC contracts or other contractual models."