harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies

The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.

A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil

Shamal Drilling Company, the exploratory drilling contractor in the Caspian Sea, announced an increase of 25% of the initial contract amount in some contract cases with the Caspian Oil Company.

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.

Breaking News

Water shortage warning; critical condition of dam reserves

The spokesperson for the country's water industry reported a 41 percent decrease in rainfall compared to the long-term average and a sharp drop in dam reserves in some areas, and warned of a water crisis in provinces with low rainfall.

852 million cubic meters of natural gas were delivered to the national grid

A spokesman for the National Iranian Gas Company announced the delivery of 852 million cubic meters of natural gas to the national network yesterday.

Billions in savings achieved in South Pars Gas Complex with domestic production

The CEO of the South Pars Gas Complex announced savings of 4 trillion rials as a result of the manufacturing of strategic parts and equipment by domestic companies.

Bloomberg: Iran’s oil sales to China have slowed

Successive rounds of sanctions against companies and tankers allegedly helping Tehran have finally slowed Iranian oil sales to China.

Iraq’s exemption from importing gas from Iran revoked; Baghdad searches for a new alternative

The cancellation of Iraq's exemption from importing gas from Iran and the end of Iraq's electricity sector's dependence on Tehran will provide a good opportunity for the GCC countries to participate in Iraq's energy sector.

Details of the $17 billion South Pars Pressure Boosting Project Contract

Today, the National Iranian Oil Company signed one of the largest contracts in the history of the oil industry with Petropars, Khatam al-Anbia Construction Headquarters, OIC, and MAPNA, worth approximately $17 billion.

Liquid fuel delivery to power plants increased by 6 billion liters

The CEO of the National Iranian Petroleum Products Distribution Company announced the total amount of liquid fuel delivered to the country's power plants since the beginning of the year at 20 billion 800 million liters, saying: "This amount has increased by 6 billion liters compared to the same period last year."

$780 billion in revenue through the implementation of the pressure-raising plan

The executive of the strategic plan for increasing pressure in the South Pars gas field, referring to the details of this huge and strategic project, said: "With the implementation of this plan, the field's recovery rate will increase from 54 percent to 75 percent and will have an economic value of $780 billion for the country."

Strengthening the friendship and rivalry between Tehran and Ankara

In recent years, Iran and Türkiye have been in serious competition to become a regional gas hub, and the Turkmenistan-Iran-Turkey project emphasizes this and increases cooperation between the two countries.

Will the plan to transfer fuel quotas from cards be implemented?

The plan to transfer gasoline quotas from fuel cards to bank accounts is one of the latest changes in fuel distribution policies in Iran, which was proposed to increase transparency, prevent smuggling, and improve fuel consumption management. This idea has been discussed several times in recent years, and finally, a contract for the pilot implementation of this plan was signed yesterday.

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harvesting more than 51% of Iran’s oil reserves; The necessity of acceleration in the development of increased technologies

A 25% increase in the limit of the contract between the Northern Drilling Company and Caspian Oil

30% of the country’s non-oil exports are from the petrochemical industry