New Iran-Russia Agreements in the Energy Sector / Resolving Issues with Bilateral Projects and the Exchange of Energy Carriers
Stating that Iran’s energy diplomacy is advancing dynamically and with strong resolve—despite certain challenges stemming from the aggression of adversaries—the Acting Minister of Petroleum spoke of the outcomes of his bilateral, trilateral, and multilateral consultations in Moscow, as well as the prospect of attracting new Russian investment.
Pezeshkian: U.S. military interventions in the Persian Gulf threaten global energy security
Emphasizing the impact of geopolitical developments and unilateral actions on global energy security, the President of the Islamic Republic of Iran called for the expansion of strategic and technical cooperation among member states of the Gas Exporting Countries Forum (GECF). He stated that Iran—with an annual natural gas production capacity of 280 billion cubic meters—is prepared to play a more active role in fostering joint investments, expanding the gas trade, and strengthening global energy security.
An Increase in Capacity of 285,000 Barrels; A Test for the Development of the Forgotten Azadegan Oil Field
The Ministry of Petroleum recently announced that the first well in the downhole pump project has come online at the shared Azadegan oil field. This development coincides with reports from Iran’s oil industry indicating an increase in daily crude oil production capacity by 285,000 barrels over the past two years.
آخرین اخبار
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.
Advisor to the President: Removing bureaucracy is a condition for the development of petrochemical investment
Emphasizing the strategic role of the petrochemical industry in the country's economy, the presidential adviser on economic cooperation announced: by facilitating investment processes, eliminating bureaucracy and using micro-currency capital and the capacity of knowledge-based companies, the petrochemical industry can become one of the most important drivers of wealth creation and economic growth in Iran.
alternative fuels; Iran’s roadmap for energy security in the era of transition
With huge reserves of natural gas, extensive petrochemical infrastructure and several decades of experience in the production of basic products, Iran has the capacity to establish its position in the world's new energy chain through the development of alternative fuels and energy carriers such as ammonia, LPG, LNG and methanol. These products are not only fuel, but also geo-energetic tools and added value creation engines.
Inauguration of the second row of Azadegan Southern Central Processing Unit; The backbone of West Karun development
The vice-chairman of the Energy Commission of the Islamic Council said: "The opening of the second row of the central processing unit of the South Azadegan common field by increasing the sustainable capacity of processing, stabilizing production, strengthening the transmission chain and creating employment, plays a key role in the sustainable development of West Karun and the resilience of the country's oil industry."
Oil market moves away from fear-based pricing; fundamentals confirmed
The former representative of Iran in the OPEC executive board, emphasizing the fading effect of geopolitical shocks on the global oil market, said: In recent years, the oil market has moved away from pricing based on fear and tension and has moved towards valuation based on fundamental factors such as supply, demand, storage level and excess production capacity.
63% of major repairs plan achieved in southern oilfield
The Director of Industrial Equipment and Process Machinery Repairs at the National Southern Oilfields Company, explaining the missions and performance of this management, said: "With proactive planning, localization of strategic parts, and the round-the-clock efforts of operational forces, more than 63 percent of the annual overhaul plan was achieved in 1404; an unprecedented achievement that has played an important role in production sustainability, flaring reduction, and environmental protection."
Launching the South Azadegan Processing Unit is an effective measure to neutralize sanctions
The spokesman for the Parliament's Energy Commission announced: "The launch of the second tier of the central processing unit of the South Azadegan Joint Field is an effective measure to compensate for the backlog, increase oil production, and neutralize sanctions in the current situation in the country."
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.
