The CEO of the National Southern Oilfields Company, while visiting key projects of the Gachsaran Oil and Gas Exploitation Company, emphasized the need to accelerate the implementation of major repairs and the provision of items needed by the oil industry.

According to the National Iranian Oil Company, the price of Iranian light oil in June 2025 for Asian customers will be slightly higher than last month, nearly $2 above the base price (Oman/Dubai crude oil price).

The Deputy Minister of Petroleum, announcing that we are ahead of the plan and capacity set for exploration in the country, stated: "I hope that by utilizing new technologies, we will be able to reach new fields (although smaller) and provide the basis for the presence of the private sector in the form of IPC contracts or other contractual models."

In order to accelerate the development operations of the Paydar Gharb oil field, two important contracts were signed in the field of subsurface drilling with the aim of optimizing and facilitating implementation processes.

The possible lifting of US sanctions on Iranian oil exports could deal a severe blow to Chinese refineries that have thrived on refining discounted Iranian oil.

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."

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.

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.

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.

The Iran Oil Innovation Event (NIOC Innovative Summit 2025) will be held concurrently with the 29th International Oil, Gas, Refining and Petrochemical Exhibition, in Hall 37A (IHIT Hall), the permanent venue of Tehran International Exhibitions.