The memorandum of understanding to establish a joint venture to supply a 300-megawatt power plant between Iran's methanol giant and the country's largest utility company was signed at the Zagros Petrochemical Complex with the support of Dr. Shariatmadari, CEO of Persian Gulf Holding, and in the presence of Dr. Abbaszadeh, Deputy Minister of Oil and CEO of the National Petrochemical Company.
According to data from Kepler cited by Bloomberg, a drop in China's oil imports from Iran has caused the volume of Iranian oil stored in tankers at sea to reach its highest level in two and a half years.
Indonesia auctions seized Iranian supertankerBloomberg reported on the auction of a seized Iranian supertanker in Indonesia. The ship was apparently carrying Iranian oil before it was seized.
The Oil Minister emphasized: "There are currently no concerns or problems regarding oil sales."
The Director General of Organization, Methods and Organizational Excellence at the Ministry of Oil emphasized that the presence of young forces in the field of safety is a valuable opportunity to empower and develop the human capital of the oil industry.
According to OPEC, the average price of Iranian heavy oil in 2025 fell by more than $10 compared to last year, reaching $70.7; a trend similar to the OPEC oil basket, which has fallen by 30% over the last three years.
Referring to Article 15 of the Seventh Plan Law, Sajjad Khalili emphasized that without changing the financial rules and increasing the actual share of the National Oil Company, it is not possible to maintain production levels and achieve development goals.
Hamid Board emphasized at the ceremony honoring structural engineering and information technology managers that proper organization and decision-making based on current knowledge are the main solutions for solving employee issues and improving the quality of work.
The CEO of Arvandan Oil and Gas Company said: In the South Azadegan field, a plan was implemented to separate low-pressure wells from high-pressure wells and improve the flow conditions of oil pipelines to optimize and increase production, which led to an increase in production in this field of 8,500,000 barrels.
The Deputy Managing Director of the National Iranian Drilling Company for Drilling Projects said: "The National Iranian Drilling Company, by allocating and deploying eight heavy onshore drilling rigs in five provinces of the country, within the framework of cooperation with the Central Iranian Oil Company, is actively participating in the drilling and completion of oil and gas wells and increasing the volume of gas production in the country."
