The International Energy Agency reported an increase of about 200,000 barrels of Iranian crude oil in July.
The Chairman of the Board of Directors of the Association of Oil, Gas and Petrochemical Contractors (APEC), stating that EPC contracts are the main contract governing the country's construction industry, said: "To achieve development, it is necessary to facilitate oil contracts and synergize the government and the private sector."
In today's press conference, the Deputy Minister of Oil announced the stable supply of gas to petrochemicals last year without complete interruption and announced that despite an imbalance of 300 million cubic meters of gas, the Ministry of Oil's careful planning has increased power plant reserves by 60 percent this year.
The Minister of Energy said: "We have left the electricity peak behind us, but we still need the support of subscribers until the end of the summer to end the blackouts."
The Director of Production and Operations of Pars Oil and Gas Company announced the replacement of the main 32-inch gas flow disconnection valves (ESDV) of South Pars gas platform No. 10 with the aim of increasing production safety and sustainability.
Iran is a country with a significant portion of its territory built on sedimentary basins, areas that could be the main source of hydrocarbon reserves. But the key question is which of these basins have the greatest discovery potential and why have some of them, such as Makran, received less attention?
Explaining the company's plans, the CEO of the National Southern Oilfields Company emphasized: "Given the global conditions of fossil fuels and environmental challenges, there is not much opportunity left to maximize the extraction of oil fields, so we must implement development and production increase plans with greater diligence and speed."
The financing of $545 million of the credits required to implement the associated gas collection project in the southern Ilam region in the Dehloran region came from the National Development Fund.
The manager of the first refinery of the South Pars Gas Complex announced the start of major repairs to the refinery with the technical and support teams fully prepared.
Energy expert Hedayatollah Khademi warned about the situation of the joint Arash oil field, saying that relying solely on diplomacy cannot protect Iran's interests, and that practical and technical measures in this field need to be initiated simultaneously with negotiations.