Iran’s heavy oil price to drop by $10 in 2025

Iran’s heavy oil price to drop by $10 in 2025

According to OPEC, the average price of Iranian heavy oil in 2025 fell by more than $10 compared to last year, reaching $70.7; a trend similar to the OPEC oil basket, which has fallen by 30% over the last three years.
Slow decline in refining industry; Tehran and Bandar Abbas refineries under pressure from production decline

Slow decline in refining industry; Tehran and Bandar Abbas refineries under pressure from production decline

According to an exclusive report by Energy Press, the refining industry entered the second half of the year in October 1404 with a slow setback and without significant jumps. This trend was repeated last month, and two refineries in Tehran and Bandar Abbas had a decrease in production. On the one hand, some refineries were able to maintain the improvement trend in monthly production and sales.
Successful completion of gas refinery repairs; daily injection of 860 million cubic meters into the national network

Successful completion of gas refinery repairs; daily injection of 860 million cubic meters into the national network

The Director of Coordination and Supervision of Production at the National Iranian Gas Company announced that with the successful completion of major repairs to refineries and more gas storage than last year, a daily injection capacity of 850 to 860 million cubic meters of gas has been provided to the national network, and a stable supply of winter fuel for the country has been guaranteed.
Southern Zagros ready to supply 20 percent of the country’s gas in winter

Southern Zagros ready to supply 20 percent of the country’s gas in winter

With the successful completion of major repairs in operational areas and equipment preparation, the Southern Zagros Oil and Gas Exploitation Company announced that it will produce about 162 million cubic meters of gas, 17,000 barrels of oil, and 48,000 barrels of gas condensate daily during the cold season, playing its strategic role in providing the country with sustainable energy.
Oil production in South Azadegan field increases by 8,500 barrels

Oil production in South Azadegan field increases by 8,500 barrels

The CEO of Arvandan Oil and Gas Company said: In the South Azadegan field, a plan was implemented to separate low-pressure wells from high-pressure wells and improve the flow conditions of oil pipelines to optimize and increase production, which led to an increase in production in this field of 8,500,000 barrels.