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."

The possibility of the Kurdistan Region resuming oil exports through the Kirkuk-Ceyhan pipeline has fueled speculation about the Trump administration's pressure on Baghdad to compensate for the decline in Iranian oil exports, which seems unlikely given the OPEC+ quota.

The CEO of the National Iranian Oil Company said: "By the end of next year, 14 to 15 million cubic meters of gas along with oil will be collected from new projects."

The American news outlet reported that the flow of oil from Iran to China increased this month after traders overcame logistical obstacles caused by US sanctions.

The President assessed the bilateral cooperation between Iran and Russia in the energy, industry, transportation, and trade sectors as very good and positive, and said: "The signing of the Comprehensive Strategic Cooperation Agreement between Iran and Russia is one of the most important manifestations of cooperation between the two countries."

The Minister of Economy and Finance met and discussed with the head of the OPEC Fund on the sidelines of the annual conference on challenges and opportunities facing emerging economies in Saudi Arabia.

The head of planning at Karun Oil and Gas Exploitation Company announced the approval of nine capital projects in the company, estimated at around one trillion tomans in 1403.

The CEO of Karun Oil and Gas Exploitation Company announced the company's successful implementation of hot tapping and branching operations on the wall of the gravity-fed reservoir for the first time in the southern oil-rich areas, preventing a daily reduction of 80,000 barrels of oil production.