Iran with 37 gas fields; still dreaming of getting rid of imbalance
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.
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.
Breaking News
A meeting and consultation between the Minister of Economy and the President of the OPEC Fund was held
Gasoline imports handed over to the private sector
9 capital projects approved in Karun oil and gas
Bilateral cooperation agreement between the National Iranian Gas Company and the Ministry of Communications to solve the problem of energy imbalance
Increasing consumption of refined products despite the upward trend in production over the past ten years
Preventing a decline in oil production in the oil-rich areas of the south
73% of the country’s natural gas was consumed in the domestic sector
Increasing gas supply to power plants during cold days this year
The collapse of industry, the rise of oil; how did Iran’s economy get caught in a vicious cycle?
