As Iran’s 25-year gas export contract with Turkey nears its end in 2026, the prospects for this strategic partnership are facing serious uncertainties. With competitors such as Russia, Azerbaijan, and Turkmenistan poised to seize the market, Tehran’s decision to extend or redesign the contract could transform Iran’s geo-energetic position in the region.
Following a significant increase in gasoline production capacity in less than a year, the 14th government has succeeded in bringing about one of the largest infrastructure developments in Iran's fuel industry. This growth has been achieved by reforming processes, improving refinery productivity, and implementing emergency projects.
The fire incident in Unit 70 of the Abadan Oil Refinery was completely contained with the efforts of operational and rescue teams.
Despite having the world’s second-largest gas reserves, Iran continues to grapple with an energy imbalance. The country’s numerous gas fields are either underdeveloped or lagging behind in the competition for extraction from shared fields. While gas exports could become a regional lever of power, Iran has a tiny share of the global market. If this trajectory is not corrected, even meeting domestic demand will be challenged in the coming winters.
Stating that aggression against energy-producing countries is a violation of international law and a threat to global stability, the Minister of Oil said: "The energy industry, and especially oil, in today's interconnected world, needs peace and stability to play its role in promoting national, regional, and global prosperity."
With a refining capacity of 2 million 237 thousand barrels per day and a 16% share in OPEC, Iran ranks second among the countries of this organization, and it also accounts for 2.1% of the world's refining capacity.
During the 12 days when Iran's skies were facing the Zionist regime's invasion and the imposed war, the oil industry worked in a chain reaction and did not tremble, but stood firm. It stood firm and did not let a single light go out or a shortage arise in the country's fuel supply.
Despite the conflict between Iran and Israel, contrary to the claims of the Zionist regime's media, Iran's oil exports not only did not decrease, but also remained at a level of about 2.2 million barrels per day, according to Kpler data.
The Strait of Hormuz, a vital artery for global energy exports, remains an irreplaceable bottleneck. Any disruption to the flow of oil through this route would alter the geopolitical equations of energy; despite efforts by countries to design alternative routes, none are able to cover the crisis.
Following the recent attacks by the Zionist regime and the emergence of emergency conditions in the region, Pardis Petrochemical Company suspended the production of three operational phases of ammonia and urea in order to protect the safety of personnel and reduce possible losses. This suspension was officially announced in a company announcement, and its financial effects are being reviewed.
