Within this framework, the southern oil-rich regions, by simultaneously focusing on maintaining production, developing fields, improving operational readiness, and increasing the resilience of facilities, were able to increase the average daily crude oil production by about 100,000 barrels in the operational scope of the Karun, Marun, Aghajari, Masjed Soliman, and Gachsaran oil and gas exploitation companies, while compensating for the natural decline in reservoirs; an increase that was the result of a series of field, technical, and managerial measures and highlights the decisive role of this company in the sustainable supply of energy to the country.
Vitol CEO announced: Despite previous estimates of oversupply, geopolitical pressures have left global oil markets facing a shortage.
The head of the Energy Commission of the Islamic Consultative Assembly emphasized: Even if all American ships are stationed in the Persian Gulf, Iran's oil export route will not be stopped.
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."
