The director of the Khark operational area announced the remarkable success of the Iranian Offshore Oil Company's specialists in increasing oil production in the Durood field, saying: "This achievement, which came to fruition in the last days of Esfand 1403, coinciding with the anniversary of the nationalization of the oil industry, is the result of months of relentless efforts to launch a three-well gas supply project in this field."
According to the National Iranian Oil Company, the price of Iranian oil in April 2025 will be offered to Asian customers about $4 above the base price (Oman/Dubai crude oil price).
Government spokeswoman Fatemeh Mohajerani called the sanctions on the oil minister illegal.
The government spokesman, noting that the Ministry of Oil is one of the most important ministries on the front lines of sanctions, wrote on the X social network: "Iran's oil exports cannot be stopped."
The CEO of the Petroleum Engineering and Development Company announced the round-the-clock efforts of the executive groups to launch the first section of the crude oil processing unit of the South Azadegan Joint Field, saying: "This unit will soon enter production."
The latest calculations conducted by the Research Center of the Islamic Consultative Assembly show that the added value of oil and natural gas has grown by 6.5%.
US Energy Secretary Chris Wright has announced that the Trump administration is prepared to impose sanctions on Iranian oil production. In an interview with Bloomberg on Monday, Wright said that during Trump’s first term, “Iranian oil exports have been reduced to a very limited level.”
The National Southern Oilfields Company and the Exploration Management of the National Iranian Oil Company signed a memorandum of understanding to cooperate in exploration, development, and production processes.
Continuing this situation will destroy the livelihoods of offshore facility workers, accelerate the exodus of specialists, and spell a bleak future for Iran's largest offshore company.
The 13th government, with its plethora of oil promises and grandiose contracts, left behind a record full of failures and broken promises. From the $40 billion memorandum of understanding with Russia's Gazprom to the €9 billion Shahid Soleimani refinery project, none of them were completed.
