While a repeat of the 20,000 MW imbalance of the summer of 1403 was predicted for the summer of 1404, the realization of the recent prediction of a 2-degree increase in summer temperatures compared to normal conditions will add 3,600 MW to peak electricity consumption.

The CEO of the National Iranian Gas Company issued separate orders appointing the main, technical, and alternate members of the National Iranian Gas Company's contractual dispute resolution board.

The Assistant Minister of Oil for Energy Optimization said: "Today, we are facing a wrong competition between energy production and consumption in the country, and this trend must be stopped."

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.

In 1403, the National Iranian Oil Company demonstrated a brilliant record in the gas sector by setting a record of producing 1 billion and 114 million cubic meters of gas in one day.

The former director of international affairs at the National Iranian Oil Company said: "The gas imports we are making meet a small part of our needs, and if pressure is increased, we will no longer need to import gas from Turkmenistan."

The first coordination meeting was held to begin the development and integration operations of the Azadegan Joint Oil Field.

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 Executive Deputy CEO of the National Iranian Oil Refining and Distribution Company announced the launch of the Adish South and Mehr Persian Gulf refineries by the end of this year, saying: “With the launch of these refineries, the country’s refining capacity will increase by 180,000 barrels per day.”

Khuzestan, the CEO of the Persian Gulf Bidboland Refinery Company, announced 71 percent progress in the company's projects in the field of collecting flare gases.