In the past year, the National Iranian Oil Refining and Distribution Company has implemented six important and strategic projects with an investment of approximately 840 million euros in expanding transmission infrastructure and refinery capacity. Another strategic project worth approximately 2 billion euros is currently being implemented and will be completed by the end of the year.
The Foreign Ministry spokesman stated that we have always emphasized bilateral talks with Kuwait to reach a fair and lasting agreement and understanding regarding the Arash gas field, adding: "Based on historical rights and the history of negotiations, we do not accept unilateral claims about this field under any circumstances."
The Ministry of Petroleum in the 14th government has put four main axes on the agenda: price policies, non-price policies, fuel portfolio diversification, and combating off-grid supply and smuggling, and has taken a major step towards curbing the gap between supply and demand, efficiency, justice, and sustainability in the country's energy distribution system.
A call for granting facilities was published in accordance with the instructions of Note 2 of the 1403 (2024) budget law for the entire country with the approach of developing knowledge-based businesses in the oil industry.
The CEO of the National Iranian Oil Refining and Distribution Company announced an increase of 180,000 barrels in the country's refining capacity by the end of this year and said: "Three important projects: oil and gas quality improvement at the Shiraz Refinery, kerosene quality improvement at the Isfahan Refinery, and the gasoline unit at the Tehran Refinery will be put into operation by the end of 1404."
The CEO of the Iranian Gas Transmission Company announced the sustainable transmission of 260 billion cubic meters of gas in the first year of the 14th government.
The loading and installation of the SP11A jacket of the Phase 11 development plan of the South Pars Joint Gas Field began in the presence of the Governor of Bushehr, the CEO of Petropars Group, the CEO of Sadra Company, and executives of Pars Oil and Gas Company and Petropars.
Arvandan Oil and Gas Company and the National Iranian Drilling Company signed a memorandum of understanding to provide drilling rigs and related services.
The CEO of the National Iranian Oil Engineering and Construction Company stated that the capacity of the Sabzab-Shazand sour crude oil pipeline is 750,000 barrels of crude oil and said: "The implementation of this project will play a fundamental role in reducing energy imbalance and strengthening the country's energy security."
The Ministry of Oil of the 14th government, within the framework of the Seventh Development Plan, has implemented various initiatives in the field of capital attraction and financing, paving the way for the development of oil and gas fields and increasing production capacity. By introducing new financial instruments and establishing guarantee funds, it has paved the way for the participation of domestic and foreign investors.
