Iran-US talks raise oil prices

Iran-US talks raise oil prices

Oil prices rose on Tuesday as concerns about supply increased due to media claims that talks between Iran and the United States may not reach a conclusion, while the dollar weakened.
Fuel smuggling wastes $8 billion of the country’s resources annually

Fuel smuggling wastes $8 billion of the country’s resources annually

The advisor to the CEO of the National Iranian Petroleum Refining and Distribution Company reported that $6 to $8 billion of the country's resources are wasted annually due to fuel smuggling, saying: "We must have a national perspective in fuel allocation, while the relevant agencies have a sectoral perspective."
Incentive package announced to facilitate upstream oil and gas contracts

Incentive package announced to facilitate upstream oil and gas contracts

Following the Supreme Leader's (Supreme Leader's) emphasis on facilitating and accelerating the conclusion and implementation of upstream oil and gas contracts, the Economic Council notified the Ministry of Oil of the issue of "facilitating the conditions for concluding and implementing upstream oil and gas contracts" in line with achieving the goals of the Seventh Progress Plan of the Islamic Republic of Iran.
Sharp decline in CNG consumption in the country

Sharp decline in CNG consumption in the country

CNG supply has decreased from 23 million cubic meters per day in 1402 to 19 million cubic meters in 1403 and 16 million cubic meters in 1404, and unfortunately, this decline in demand continues.
The growth of gas production in Iran

The growth of gas production in Iran

Although Iran's daily gas production capacity has doubled in recent decades, structural, financial, and technological barriers threaten the sustainable growth of this key source of electricity for the industry.
Accelerating gas field development plans

Accelerating gas field development plans

In recent years, accelerating gas field development plans has become an unrivaled priority in energy policymaking in Iran; a policy that is being pursued with the aim of compensating for the supply shortage.