According to the National Iranian Oil Company, the price of Iranian light oil in March 2025 for Asian customers has increased for the second consecutive month and will be offered about $4.5 above the base price (Oman/Dubai crude oil price).
The latest results of the Statistical Center of Iran's quarterly national accounts, gross domestic product (GDP) at constant prices for 1400, show a 3.1 percent growth in gross domestic product with oil (at basic prices) and a 2.2 percent growth in gross domestic product without oil (at basic prices) in the first nine months of 1403.
Mohsen Paknejad plans to increase oil production by drilling new wells, but the wear and tear of worn-out rigs, sanctions, and the role of the drilling mafia have turned the Oil Minister's miracle into a nightmare.
The American news outlet reported that the flow of oil from Iran to China increased this month after traders overcame logistical obstacles caused by US sanctions.
The first national digital oil refinery conference and the second national idea show event were held by the Innovation and Entrepreneurship Center of the Abadan Petroleum Faculty in cooperation with the Abadan Oil Refining Company with the aim of introducing and improving the quality level of using artificial intelligence in the industry.
The head of planning at Karun Oil and Gas Exploitation Company announced the approval of nine capital projects in the company, estimated at around one trillion tomans in 1403.
The CEO of Karun Oil and Gas Exploitation Company announced the company's successful implementation of hot tapping and branching operations on the wall of the gravity-fed reservoir for the first time in the southern oil-rich areas, preventing a daily reduction of 80,000 barrels of oil production.
Nili warns that if no solutions are found, large industrial enterprises will also shrink within the next 10 years.
The Iranian Oil Minister and the Turkmen Foreign Minister emphasized the deepening of cooperation between the two countries in the fields of oil and gas and discussed areas for expanding cooperation.
Pezeshkian's response to Trump's threat to reduce Iran's oil exports to zero was: "They thought everything we do depends on oil."
