The Ministry of Oil’s determination to attract capital and facilitate economic processes in the country

The Ministry of Oil’s determination to attract capital and facilitate economic processes in the country

The Deputy Investment Director of the National Iranian Oil Company emphasized that with the Economic Council's resolution on facilitating the conditions for concluding contracts and implementing upstream oil and gas contracts, the time required from the stage of receiving the investor's proposal to concluding the contract will be significantly reduced, saying: "These measures demonstrate the determination of the Ministry of Oil to attract capital and facilitate economic processes in the country."
Iran’s heavy oil transportation capacity increased

Iran’s heavy oil transportation capacity increased

The Deputy Director of Operations in the Production Management of the National Southern Oilfields Company said: "With the operation of the newly constructed 30-inch line for transporting light oil from the West Karun fields, the 36-inch Ahvaz-Omidiyeh export pipeline has once again been dedicated to transporting heavy oil."
Power plant gas consumption exceeds 281 million cubic meters

Power plant gas consumption exceeds 281 million cubic meters

A review of gas consumption statistics from June 10 to 16 shows that the average daily gas consumption of power plants exceeded 281 million cubic meters and reached its highest level on June 12 with a consumption record of more than 287 million cubic meters.
Privatization of the petrochemical industry completed

Privatization of the petrochemical industry completed

The head of the Privatization Organization said: "65 petrochemical companies have been transferred to the private sector and the government no longer has a meaningful stake in this industry, and the creation of a regulatory body is essential to organize the market and support competitiveness."