Iran on the verge of being eliminated from the world energy market; will gas exports to Türkiye stop?

The more than two-decade-old contract to export 10 billion cubic meters of Iranian gas annually to Turkey expires in mid-2026, but unlike in the past, there is no sign of Ankara's willingness to extend it this time. This is an issue that experts see as not only a threat to the country's gas revenue, but also a danger to Iran's geopolitical position in the region.

What is behind the turning on of Iranian tanker trackers after 7 and a half years?

The publication of a strange news item by the international media outlet "TankerTrackers" stating that Iranian tankers' trackers have been turned on after seven and a half years has inflamed the oil scene. A claim that some experts consider a sign of "shadow government" interference and an attempt to create a crisis and new pressure on the new government. But what is the story?

Production of Nar Square Gas with Pressure Station

The CEO of South Zagros Oil and Gas Company, referring to more than three decades of production from the Nar gas field, said that with the implementation of the pressure boost project since year 2, more than 5 % of the gas has been produced and its conversion program is underway.

Breaking News

Araqchi: Attack on Assaluyeh is a blatant aggression and a very dangerous act

The Iranian Foreign Minister said in a meeting with ambassadors and representatives of foreign countries in Tehran: "The attack on Assaluyeh is a clear aggression and a very dangerous act. Dragging the conflict to the Persian Gulf is a strategic mistake and its goal is to drag the war outside of Iranian territory."

Reuters report on Israeli attack on South Pars gas field facilities

Reuters reported in an exclusive report that gas production in Phase 14 of the South Pars Joint Field - the world's largest gas field - has been partially halted following an Israeli airstrike on Iranian energy facilities.

Escalating Iran-Israel conflict turns Persian Gulf energy markets red

As reciprocal attacks between Iran and Israel escalated and vital energy facilities were targeted, a wave of concern swept through the Persian Gulf stock markets; the region's stock markets faced a significant decline.

The number of illegal miners discovered by in the country has increased fivefold

Since the beginning of this year, more than 8,500 unauthorized mining devices have been identified and collected, a five-fold increase compared to the same period last year.

Fire on a ship carrying methanol at the Bushehr dock

Mojtaba Khalidi stated: At 11:05 on Monday, June 11, 2021, a report of a fire on a ship was received at the Kaveh Methanol Company dock, and an ambulance and two semi-heavy assistance vehicles were immediately dispatched to the scene.

Iran’s heavy oil transportation capacity increased

The Deputy Director of Operations in the Production Management of the National Southern Oilfields Company said: "With the operation of the newly constructed 30-inch line for transporting light oil from the West Karun fields, the 36-inch Ahvaz-Omidiyeh export pipeline has once again been dedicated to transporting heavy oil."

Oil Minister: Iran’s oil sales decline is not true

Rejecting the claim of a decrease in Iranian oil exports, the Oil Minister said: "The Ministry of Oil is ready to deploy a rig in the Arash field, but the implementation of this plan is dependent on the outcome of border negotiations and official notification from the Ministry of Foreign Affairs."

Daily gas extraction from South Pars Phase 11 increased

Daily gas extraction from Phase 11 of South Pars has increased by 60 percent in the first 10 months of the 14th government, from 12 million cubic meters to 20 million cubic meters.

Two petrochemical companies receive €60 million in financing from Mubadala Center

The subscription of foreign exchange Murabaha bonds of two petrochemical companies, Soroush Mahestan Asaluyeh and Negin Mahestan Kangan, each worth 30 million euros, was successfully completed at the Iranian Currency and Gold Exchange Center.

The Ministry of Oil’s determination to attract capital and facilitate economic processes in the country

The Deputy Investment Director of the National Iranian Oil Company emphasized that with the Economic Council's resolution on facilitating the conditions for concluding contracts and implementing upstream oil and gas contracts, the time required from the stage of receiving the investor's proposal to concluding the contract will be significantly reduced, saying: "These measures demonstrate the determination of the Ministry of Oil to attract capital and facilitate economic processes in the country."

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