harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies
The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.
A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil
Shamal Drilling Company, the exploratory drilling contractor in the Caspian Sea, announced an increase of 25% of the initial contract amount in some contract cases with the Caspian Oil Company.
30% of the country’s non-oil exports are from the petrochemical industry
The investment manager of the National Petrochemical Industry Company said: We are obliged to solve as many challenges and problems as possible so that the development of the industry takes place, because the petrochemical industry accounts for about 8% of the gross domestic product and 30% of non-oil exports are made from the petrochemical industry.
-
harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies
-
A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil
-
Inauguration of the second row of Azadegan Southern Central Processing Unit; The backbone of West Karun development
Breaking News
Morteza Behrouzifar: It is unlikely that we will see a jump in oil prices in 2026
A faculty member of the Institute for International Energy Studies announced that price levels in 2025 were lower than the previous year, and said: "Given the experience of the oil market in recent years, it is unlikely that we will see a significant increase in prices in 2026 unless a specific development occurs in the global economy or geopolitical equations."
Oil Minister: Return of foreign currency from oil sales will be carried out under the supervision of the Central Bank
The Minister of Oil, announcing that our colleagues, as oil companies, do not have access to the banking sector with money from oil sales, said: "The mechanism for depositing resources from oil sales is carried out under the supervision, monitoring, and control of the Central Bank."
The Oil Industry Pension Fund is operated without relying on government funding
The chairman of the board of directors of the oil industry pension funds considered the independence and non-governmental nature of the fund to be the foundations of the fund's sustainability, and called rumors of the fund's merger false.
Unprecedented record of sweet gas production at South Pars Refinery 3
The manager of the third refinery of the South Pars Gas Complex announced an unprecedented record in sweet gas production in the first nine months of this year, saying: "This success is the result of relying on domestic capacity, the technical knowledge of specialists, and the effective use of the capacity of the country's knowledge-based companies."
Gas consumption in the domestic sector reached 659 million cubic meters
Gas consumption in the domestic, commercial, and small industrial sectors reached 659.26 million cubic meters on January 2, along with the stability of the cold weather.
Abbaszadeh: HSE’s preventive measures played a key role in crisis management
The CEO of the National Petrochemical Industries Company considered HSE an organizational value and said: "Decisions related to this area must be made in an integrated manner and in line with national interests."
Ministry of Petroleum Research Week: Focus on digital transformation and new technologies
This year's Research and Technology Week at the Ministry of Oil focused on developing new technologies, deepening the industry's relationship with universities and knowledge-based companies, and moving purposefully toward digital transformation. It was a week that was accompanied by the signing of research and technological contracts, the unveiling of knowledge documents and products, and the presentation of reports on the achievements of the oil industry in the field of innovation. The set of actions taken this week reflects the strategic approach of the Ministry of Oil to respond to the technological needs of the industry and enhance the productivity, sustainability, and competitiveness of this strategic industry.
Oil Minister: Transferring gasoline quota to bank cards will be implemented in the coming months
The Minister of Oil announced that in the first week of implementing the new gasoline plan, consumption had decreased by 9 million liters, and said: "Of course, we must wait for its long-term effects to draw conclusions in this regard."
Ilam Refinery’s torch burning decreased by 50%
The CEO of Ilam Gas Refining Company announced the implementation of extensive programs to reduce flaring and protect the environment and said: With the measures taken, flaring in this complex has decreased by 50% and is moving towards complete elimination.
Domestic and commercial gas consumption exceeded 655 million cubic meters
Gas consumption in the domestic, commercial and industrial sectors reached more than 655 million cubic meters due to the continuation of cold weather on January 1, 1404.
