Indonesia auctions seized Iranian oil tanker

Indonesia auctions seized Iranian oil tanker

Indonesia auctions seized Iranian supertankerBloomberg reported on the auction of a seized Iranian supertanker in Indonesia. The ship was apparently carrying Iranian oil before it was seized.
Iran’s heavy oil price to drop by $10 in 2025

Iran’s heavy oil price to drop by $10 in 2025

According to OPEC, the average price of Iranian heavy oil in 2025 fell by more than $10 compared to last year, reaching $70.7; a trend similar to the OPEC oil basket, which has fallen by 30% over the last three years.
Oil production in South Azadegan field increases by 8,500 barrels

Oil production in South Azadegan field increases by 8,500 barrels

The CEO of Arvandan Oil and Gas Company said: In the South Azadegan field, a plan was implemented to separate low-pressure wells from high-pressure wells and improve the flow conditions of oil pipelines to optimize and increase production, which led to an increase in production in this field of 8,500,000 barrels.
National drilling and oil cooperation in the central regions with 8 active rigs

National drilling and oil cooperation in the central regions with 8 active rigs

The Deputy Managing Director of the National Iranian Drilling Company for Drilling Projects said: "The National Iranian Drilling Company, by allocating and deploying eight heavy onshore drilling rigs in five provinces of the country, within the framework of cooperation with the Central Iranian Oil Company, is actively participating in the drilling and completion of oil and gas wells and increasing the volume of gas production in the country."