The National Development Fund's investment in the emergency plan to increase daily crude oil production by 250,000 barrels was approved at a meeting of the Economic Council.
The CEO of Arvandan Oil and Gas Company announced the launch of an oil fluid separation unit in the South Azadegan field with a daily capacity of 5,000 barrels, with the aim of reviving and making low-pressure wells productive.
The head of the Energy Commission of the Khorasan Razavi Chamber of Commerce criticized the government's interventions in the energy sector, saying: "As long as the government competes with the private sector instead of supporting it and there are no sufficient protective laws, investment in the energy sector will face challenges."
The production capacity of supplementary strings for oil and gas wells on land and offshore increased with a focus on developing indigenous and Iranian technologies in the country; a strategic move that, by strengthening domestic capacity, paves the way for self-sufficiency in vital equipment for the energy industry and the export of these products.
For the first time in the western region of the country, part of the oil-associated gas flare was extinguished with the operation of the first phase of the Dehloran NGL 3100 refinery, a measure that is considered to reduce flaring and recover associated gases in border oil-rich areas.
According to the announcement by the National Iranian Oil Company, the price of Iranian light oil will be offered to Asian customers in July 2025 at a price nearly $1.5 higher than the base price (Oman/Dubai crude oil price).
The head of production operations at Pars Oil and Gas Company announced: Major repairs to the gas platforms of phases 5 and 6 of South Pars have been completed with the aim of maintaining sustainable gas production.
Referring to the new US sanctions, the head of the Parliament's Energy Committee said: "Iran knows ways to circumvent the sanctions, and Washington's oil policies to disrupt oil sales have failed."
Stating that aggression against energy-producing countries is a violation of international law and a threat to global stability, the Minister of Oil said: "The energy industry, and especially oil, in today's interconnected world, needs peace and stability to play its role in promoting national, regional, and global prosperity."
The CEO of the National Iranian Drilling Company announced the achievement of drilling and completing 100 wells in 1403 and said: "Localizing strategic equipment, manufacturing domestic rigs, and increasing the share of domestic manufacturing are among the company's strategic priorities, which have been accompanied by foreign exchange savings and reducing dependence."