The CEO of the Central Iranian Oil Company said: The company has prepared 11 investment packages worth about $9 billion for the development of gas fields, which, once operational, will increase the country's daily gas production capacity by about 100 to 140 million cubic meters.
China's oil imports from Iran increased in March 2025.
The CEO of Pars Oil and Gas Company stated that identifying opportunities, introducing investment risks, and attractiveness in investment contract models are the most important factors in attracting investment in the oil industry.
The first coordination meeting was held to begin the development and integration operations of the Azadegan Joint Oil Field.
The list of investment opportunities for the National Iranian Oil Company, which will be presented at the event "Transformation in Investment and Upstream Development of Iran's Oil and Gas", was announced.
Two new oil fields have been discovered above and below the South Pars gas field in the Persian Gulf, and preparations for their development are underway.
The CEO of the National Iranian Drilling Company announced an investment of $800 million from the National Iranian Oil Company's resources to purchase 15 onshore drilling rigs this year, and said: "About $200 to $300 million from the company's domestic foreign exchange resources will be allocated to supply ancillary equipment such as cementing pumps and nitrogen."
The director of the Khark operational area announced the remarkable success of the Iranian Offshore Oil Company's specialists in increasing oil production in the Durood field, saying: "This achievement, which came to fruition in the last days of Esfand 1403, coinciding with the anniversary of the nationalization of the oil industry, is the result of months of relentless efforts to launch a three-well gas supply project in this field."
According to the National Iranian Oil Company, the price of Iranian oil in April 2025 will be offered to Asian customers about $4 above the base price (Oman/Dubai crude oil price).
Government spokeswoman Fatemeh Mohajerani called the sanctions on the oil minister illegal.
