In a meeting with the Iraqi Minister of Electricity, the Minister of Oil emphasized resolving the issues of gas exports and financial demands, saying: "We will soon see a resolution to both issues of the quantity of gas exports to Iraq and the receipt of gas demands."
In the 14th round of oil sanctions since 2018, the United States imposed the most extensive set of sanctions against Iranian oil exports.
The Deputy CEO of the National Iranian Drilling Company for Drilling Projects said: "With the cooperation and synergy between the company's specialists and the Petroleum Engineering and Development Company (METEN), the implementation of the drilling project of 10 wells in the South Azadegan oil field has reached its final stage, and the project was completely handed over to the employer for operation after being put into operation."
While Bu Ali Sina Petrochemical Company managed to produce beyond its nominal capacity in 1403, Mohammad Ahmadzadeh, the company's CEO, announced the company's plans to surpass this record, increase the share of foreign exchange sales, and focus on producing high value-added products. Bu Ali's strategy is a combination of infrastructure development, export portfolio diversification, and agility in feedstock supply.
The director of the Karaj Dam said: "Although the Karaj Dam hydroelectric power plant is currently operating, it is likely that within the next two weeks the water level will reach a level that will no longer allow electricity generation from this power plant."
The construction of a 56-inch gas pipeline from Pol-e-Kale to Tiran to strengthen Iran's central gas transmission corridor has begun.
OPEC figures show that Iran's revenue from oil exports will exceed $46 billion in 2024 by more than $5.6 billion (an increase of 14%).
The legal director of the National Iranian Oil Company announced the launch of a "comprehensive system for domestic contracts" and said: "This system covers the contract process from beginning to end and is a major step towards agility, mechanization, and reducing human errors in the legal field of the oil industry."
The Ministry of Energy's new plan to implement a crisis water tariff by charging the cost of supplying water from consumers above the model was not approved by the Cabinet for approval and notification and has been canceled for now.
The Director General of the Electricity Network Engineering and Management said about the successful implementation of the 100 Nights, 100 Visits project aimed at reducing the effects of electricity waste in the country: "This project has so far resulted in savings of 600 megawatts in electricity consumption."
