Oil Minister: Aggression against energy-producing countries is a threat to global stability

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."

Iran becomes OPEC’s second largest refiner

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.

The resilience of Iran’s oil industry in the 12-day war

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.

Breaking News

Signing of a Memorandum of Understanding on Cooperation in Oil-Prone Areas and Exploration

The National Southern Oilfields Company and the Exploration Management of the National Iranian Oil Company signed a memorandum of understanding to cooperate in exploration, development, and production processes.

Transfer of shares in Persian Gulf Petrochemical Industries

The divestiture board made key decisions regarding the divestiture of shares in Persian Gulf Petrochemical Industries at its 430th meeting in the first week of March this year.

Exploitation of the first well of the infill project in South Pars

The CEO of South Pars Oil and Gas Company said: "The first well of the South Pars in-field drilling plan of 35 wells has been put into production with the aim of maintaining gas production from the field."

Domestic gas consumption reaches 65 percent

Gas consumption in the domestic, commercial, and industrial sectors is over 550 million cubic meters, accounting for 65 percent of the total gas delivered to the national network.

The seizure of Iranian tankers is not true

The Foreign Ministry spokesman described the claims made by Reuters news agency about stopping Iranian tankers as a form of production or dissemination of untrue, false, or biased news, and said: "There is no basis for any action against free trade and commercial ships of countries in open waters."

Crisis in offshore facilities; protest rally in front of the oil pension fund

Continuing this situation will destroy the livelihoods of offshore facility workers, accelerate the exodus of specialists, and spell a bleak future for Iran's largest offshore company.

The Oil Legacy of the 13th Government: Null Contracts

The 13th government, with its plethora of oil promises and grandiose contracts, left behind a record full of failures and broken promises. From the $40 billion memorandum of understanding with Russia's Gazprom to the €9 billion Shahid Soleimani refinery project, none of them were completed.