The CEO of the company, emphasizing that the acceptance of direct private investment in oil projects is a paradigm shift in the Ministry of Oil, said: "The early oil processing contract for the Golkhari field, worth $226 million, has provided the ground the real presence of the private sector an investor in oil production."
Estimates by the Kepler Institute show that China purchased over 80% of Iran's exported oil in 2025, with daily imports averaging around 1.38 million barrels, equivalent to approximately 13% of China's total seaborne oil imports.
On Friday, each barrel of Brent crude oil was sold at $65.88, an increase of $1.82; this is the highest price in the past 10 days.
The CEO of Petroiran Development Company, announcing that the investment volume in the contract for the supply of four drilling rigs to the National Iranian Oil Company is around 200 million dollars, said: "In the public-private partnership contract model, the company's activities are guaranteed for five years which reduces the risk of private sector."
Mantro stated at the European Parliament meeting with the EU's Foreign Policy Chief, Kajsa Kallas, that Trump is after Iran's oil.
The SPD11A phase 11 South Pars jacket has been successfully installed and is ready to start drilling operations for 15 wells in this border phase. This project showcases Iran's national engineering capabilities and project management.
The Secretary of the Supreme Selection Council of the country, appreciating the achievements of the Central Selection Committee of Oil, announced: Many national innovations in the field of selection, including the online system and the use of artificial intelligence for wise selection, have been designed and implemented for the first time in the selection of the Ministry of Oil, and this set has become a leading model for the entire country.
The spokesperson for the Energy Commission and the representative of Shiraz and Zarqan in the Islamic Council of Experts, referring to the formation of the Energy Optimization and Strategic Management Organization and the establishment of an account in this regard, announced that no deposits have been made to this in the past three years.
A one-day documentary on the Minister of Oil's visit to Asaloueh and Jam will be broadcast on Channel One today.
The investment and business manager of the National Iranian Oil Company said: With the implementation of rapid equipment projects for factory construction (skid-mounted) under the public-private partnership model, 12% of the country's crude oil processing is carried out by the private non-governmental sector.
