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.

"The contracts for the 'Guaranteed Purchase of Drilling Services' and the 'Purchase of Crude Oil Processing Services from Oil Fields' were signed in the presence of the President and the Oil Minister, totaling over 2.5 billion dollars."

After oil prices hit a one-month high following US statements about Iran, we are now seeing a drop in global oil prices following the US retreat.

The Oil Minister, stating that our dear colleagues in various sectors of the oil industry are with the system, emphasized: The process of oil sales continues as before.

The deputy of roads and buildings of the Engineering and Construction Management of the National Oil and Gas Company of South announced the construction of seven martyrs and sevengol 4 safety stations and fire stations to enhance safety levels, accelerate response to incidents, and reduce operational risks in remote units of the company.

The supervisor of the National Iranian Oil Company's South Oilfields Projects for Increasing Recovery announced the successful implementation of the pilot water injection project in the Ilam reservoir of the Ahvaz field.

The head of the Chemical Laboratories Operations Coordination at the National Iranian South Oilfields Company's Technical Affairs Department, in the Chemical Studies and Quality Control Laboratories section, announced: In the past year, more than 300 billion tomans have been spent on the purchase of laboratory equipment and the development of office spaces in laboratories.

The deputy of oil and gas projects management in the engineering and construction department of the National Iranian South Oilfields Company announced the successful implementation of two significant projects in the operational areas of Gachsaran and Shaddad, aimed at environmental protection, reducing pollution, and creating added economic value.

The Minister of Petroleum stated that in order to supply gas to power plants, we have delivered a cumulative 3.5 billion cubic meters of gas to power plants since the beginning of this year, and added: "Also, liquid fuel has been supplied to power plants in appropriate and stable volumes so that our dear compatriots do not face any problems or shortages in terms of electricity supply and their electricity needs are fully provided."

Ali Moshiri, former chief executive of Latin American operations for the US oil giant Chevron, told the Financial Times in an interview that he is in talks with investors to raise $2 billion to invest in opportunities in Venezuela.