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.
The First Vice President said at the first meeting of the "Regional Energy Trade Steering Committee": "The Islamic Republic of Iran must become the regional energy trade center, and achieving this goal is of great importance to the 14th government and is part of our strategies that we are pursuing seriously."
The government spokesman, noting that the Ministry of Oil is one of the most important ministries on the front lines of sanctions, wrote on the X social network: "Iran's oil exports cannot be stopped."
The CEO of the Petroleum Engineering and Development Company announced the round-the-clock efforts of the executive groups to launch the first section of the crude oil processing unit of the South Azadegan Joint Field, saying: "This unit will soon enter production."
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 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.”
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.
