Continuing this situation will destroy the livelihoods of offshore facility workers, accelerate the exodus of specialists, and spell a bleak future for Iran's largest offshore company.
The 13th government, with its plethora of oil promises and grandiose contracts, left behind a record full of failures and broken promises. From the $40 billion memorandum of understanding with Russia's Gazprom to the €9 billion Shahid Soleimani refinery project, none of them were completed.
Successive rounds of sanctions against companies and tankers allegedly helping Tehran have finally slowed Iranian oil sales to China.
Experts, technicians, and oil workers have turned to immigration due to inadequate working conditions, salaries in the Persian Gulf countries being ten times higher than in Iran, and ineffective parliamentary policies.
The drilling of the 79th Khanqiran development well in Khorasan Razavi Province was successfully completed with the efforts of the Technical Affairs Management of the Central Iranian Oil Company.
According to the National Iranian Oil Company, the price of Iranian light oil in March 2025 for Asian customers has increased for the second consecutive month and will be offered about $4.5 above the base price (Oman/Dubai crude oil price).
The latest results of the Statistical Center of Iran's quarterly national accounts, gross domestic product (GDP) at constant prices for 1400, show a 3.1 percent growth in gross domestic product with oil (at basic prices) and a 2.2 percent growth in gross domestic product without oil (at basic prices) in the first nine months of 1403.
Mohsen Paknejad plans to increase oil production by drilling new wells, but the wear and tear of worn-out rigs, sanctions, and the role of the drilling mafia have turned the Oil Minister's miracle into a nightmare.
The US Treasury and State Departments, continuing Washington's maximum pressure campaign against Tehran, jointly placed the names of several individuals and companies related to Iran's oil industry on the sanctions list.
The spokesman for the Energy Commission of the Islamic Consultative Assembly announced that the establishment of a headquarters to resolve energy imbalances was discussed in the commission's meeting, saying: "The members of the headquarters to resolve the country's energy imbalances should consist of deputies and senior officials from relevant agencies and ministries, and experts will be placed alongside them as advisors."
