Growth in the country’s oil and gas added value
The latest calculations conducted by the Research Center of the Islamic Consultative Assembly show that the added value of oil and natural gas has grown by 6.5%.
US announces readiness to implement sanctions against oil production in Iran
US Energy Secretary Chris Wright has announced that the Trump administration is prepared to impose sanctions on Iranian oil production. In an interview with Bloomberg on Monday, Wright said that during Trump’s first term, “Iranian oil exports have been reduced to a very limited level.”
Signing of a Memorandum of Understanding on Cooperation in Oil-Prone Areas and Exploration
The National Southern Oilfields Company and the Exploration Management of the National Iranian Oil Company signed a memorandum of understanding to cooperate in exploration, development, and production processes.
The seizure of Iranian tankers is not true
The Foreign Ministry spokesman described the claims made by Reuters news agency about stopping Iranian tankers as a form of production or dissemination of untrue, false, or biased news, and said: "There is no basis for any action against free trade and commercial ships of countries in open waters."
Crisis in offshore facilities; protest rally in front of the oil pension fund
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 Oil Legacy of the 13th Government: Null Contracts
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.
Bloomberg: Iran’s oil sales to China have slowed
Successive rounds of sanctions against companies and tankers allegedly helping Tehran have finally slowed Iranian oil sales to China.
Immigration has left Iran’s oil industry devoid of skilled workers
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.
Drilling of a gas well in Khanqiran completed
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.
Announcement of the official selling price of Iranian oil in March
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).