Growth in oil production and exports despite economic recession
Central Bank statistics indicate a 1.1% growth in oil production and exports in the first half of 1404; a growth achieved during an economic recession and alongside a 0.6% decrease in the country's gross domestic product.
The Yellow Dragon’s Addiction to Iranian Oil / Billion-Dollar Savings for Chinese Refineries
Estimates by the Kepler Institute show that China purchased over 80% of Iran's exported oil in 2025, with daily imports averaging around 1.38 million barrels, equivalent to approximately 13% of China's total seaborne oil imports.
Member of the European Parliament: Trump is after Iran’s oil
Mantro stated at the European Parliament meeting with the EU's Foreign Policy Chief, Kajsa Kallas, that Trump is after Iran's oil.
Breaking News
National Refining and Distribution Company electrifies Tehran’s engines
The National Iranian Petroleum Refining and Distribution Company, in the role of the grand coordinator, is set to sign a memorandum of understanding to modernize Tehran's motor courier fleet in cooperation with the Ministry of Transportation, banks, municipalities, and online transportation platforms.
A Memorandum of Understanding (MoU) was signed between the Iranian Polymer Research Institute and Jampilen Petrochemical Company
The Iranian Polymer Research Institute and Jampilen Petrochemical Company signed a memorandum of understanding with the aim of developing scientific and technological cooperation.
Tripartite Memorandum of Understanding between the National Southern Oilfields Company, the MAPNA Group Consortium, and Ghadir Electricity and Energy Holding
The purpose of this memorandum is to study and develop new flue gas injection methods to increase recovery from the Paranj oil field in Khuzestan.
Production in oil fields drops by up to 60 percent!
The CEO of the National Southern Oilfields Company announced: "The longer the life of oil fields, the higher the natural decline in production; compared to the early 1990s, this decline has increased by about 60 percent."
Signing of a Memorandum of Understanding between the National Oil Company and Zagros to Control Flare Gases
A memorandum of understanding between the National Iranian Oil Company and Zagros Petrochemical Company for the implementation of the Salman platform flare gas collection project was held and signed on the last day of the International Oil Industry Exhibition.
Increasing gasoline production to 120 million liters per day
The head of the country's Oil Refining Association said: Iran's gasoline production increased from 107 million liters per day to 120 million liters per day in May.
Bandar Imam ranks first in petrochemical industry production
Bandar Imam Petrochemical Company, with a production of more than 4.87 million tons and an 8% growth in production in 1403, succeeded in taking the first place in production among the 72 active petrochemical complexes in Iran.
Attracting investors to the oil industry plays an effective role in advancing development projects and the country’s economic prosperity
The CEO of the Petroleum Engineering and Development Company emphasized the key role of investment in the oil industry, calling it the driving force of sustainable economic development, and announced the company's readiness to attract domestic and foreign capital in development projects.
Can the US prevent Iranian oil exports to China?
Iranian oil reaches China via shadowy tankers that are difficult to track; now that the US has lost some of its influence due to the tariff war, this task has become more difficult than before.
5,000 MW renewable power plant to be built in cooperation with the Chinese
A member of parliament announced that there will be no change in gasoline prices and announced the construction of a 5,000-megawatt renewable power plant in cooperation with the Chinese.
