Seventh Development Plan; Iran’s ambitious oil and gas roadmap

Seventh Development Plan; Iran’s ambitious oil and gas roadmap

More than a year has passed since the announcement of the Seventh Development Plan; a five-year plan that, by considering major goals such as "increasing production capacity to 4.8 million barrels per day," "increasing petrochemical production to more than 131 million tons per year," and "increasing annual gas exports to more than 40 billion cubic meters," has set a challenging path in the oil and gas sector.
Oil Minister: Oil and gas sector grows 6.2% despite lack of financial resources

Oil Minister: Oil and gas sector grows 6.2% despite lack of financial resources

The Minister of Oil stated: "According to expert estimates, achieving the goals of the Seventh Plan requires the provision of approximately $190 billion in financial resources. In the first year, the cash flow and provision of these resources was projected to be $27 billion, of which only $5.5 billion, equivalent to 22 percent, was provided."
National Oil Company fully prepared to supply winter gas

National Oil Company fully prepared to supply winter gas

The CEO of the National Iranian Oil Company announced the company's full readiness for a stable supply of gas in the winter season and said: "With the implementation of precise and coherent plans, this year's conditions have improved compared to last year."