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."
Sharif University localizes spiral pipes for the oil industry

Sharif University localizes spiral pipes for the oil industry

Researchers at Sharif University of Technology have successfully designed and built an indigenous “spiral tubing” system, a high-tech device that was previously imported from abroad. The system is capable of placing tubing up to 6 kilometers deep into oil wells to perform complex operations such as acidizing and well maintenance.
Oil Minister: Oil and gas sector grows 6.2% despite lack of financial resources

Oil Minister: Oil and gas sector grows 6.2% despite lack of financial resources

The Minister of Oil stated: "According to expert estimates, achieving the goals of the Seventh Plan requires the provision of approximately $190 billion in financial resources. In the first year, the cash flow and provision of these resources was projected to be $27 billion, of which only $5.5 billion, equivalent to 22 percent, was provided."
National Oil Company fully prepared to supply winter gas

National Oil Company fully prepared to supply winter gas

The CEO of the National Iranian Oil Company announced the company's full readiness for a stable supply of gas in the winter season and said: "With the implementation of precise and coherent plans, this year's conditions have improved compared to last year."