The development of the West Karun oil fields is being pursued as one of the main priorities of the 14th government, focusing on accelerating strategic plans; in the meantime, the Azadegan joint field, as the largest oil field in the country, has played a key role in increasing oil production and boosting exports by completing its development phases.

By creating new financial instruments, establishing a guarantee fund, and opening the doors of participation to the private sector, the Ministry of Oil of the 14th government has drawn up a comprehensive plan to direct liquidity to the heart of the energy industry; a narrative of the transformation of oil governance that links national wealth to national capital.

The first registration notice for the "Tehran Oil Residential Complex" project of the Ministry of Oil Employees Housing Cooperative has been published.

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.

With the implementation of a series of technical and operational measures in the South Azaden project, oil production in the South Azaden field has increased by more than 63,000 barrels per day over the past 17 months.

The Deputy for Management and Human Capital Development at the Ministry of Oil, emphasizing the need for a needs assessment of the housing sector for both active and retired employees covered by the Ministry of Oil's housing plan, stated: The process of forming the Ministry of Oil's cooperative has been completed.

The CEO of the company, emphasizing that the acceptance of direct private investment in oil projects is a paradigm shift in the Ministry of Oil, said: "The early oil processing contract for the Golkhari field, worth $226 million, has provided the ground the real presence of the private sector an investor in oil production."

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.

On Friday, each barrel of Brent crude oil was sold at $65.88, an increase of $1.82; this is the highest price in the past 10 days.

The CEO of Petroiran Development Company, announcing that the investment volume in the contract for the supply of four drilling rigs to the National Iranian Oil Company is around 200 million dollars, said: "In the public-private partnership contract model, the company's activities are guaranteed for five years which reduces the risk of private sector."