"The contracts for the 'Guaranteed Purchase of Drilling Services' and the 'Purchase of Crude Oil Processing Services from Oil Fields' were signed in the presence of the President and the Oil Minister, totaling over 2.5 billion dollars."

After oil prices hit a one-month high following US statements about Iran, we are now seeing a drop in global oil prices following the US retreat.

The Oil Minister, stating that our dear colleagues in various sectors of the oil industry are with the system, emphasized: The process of oil sales continues as before.

The deputy of roads and buildings of the Engineering and Construction Management of the National Oil and Gas Company of South announced the construction of seven martyrs and sevengol 4 safety stations and fire stations to enhance safety levels, accelerate response to incidents, and reduce operational risks in remote units of the company.

The head of the Chemical Laboratories Operations Coordination at the National Iranian South Oilfields Company's Technical Affairs Department, in the Chemical Studies and Quality Control Laboratories section, announced: In the past year, more than 300 billion tomans have been spent on the purchase of laboratory equipment and the development of office spaces in laboratories.

The Minister of Petroleum stated that in order to supply gas to power plants, we have delivered a cumulative 3.5 billion cubic meters of gas to power plants since the beginning of this year, and added: "Also, liquid fuel has been supplied to power plants in appropriate and stable volumes so that our dear compatriots do not face any problems or shortages in terms of electricity supply and their electricity needs are fully provided."

Ali Moshiri, former chief executive of Latin American operations for the US oil giant Chevron, told the Financial Times in an interview that he is in talks with investors to raise $2 billion to invest in opportunities in Venezuela.

The CEO of the National Iranian Drilling Company announced the completion of 101 oil and gas wells this year and said: "The drilling area since the beginning of this year has reached 103,456 meters."

The Deputy Minister of Oil for Engineering, Research and Technology stated that more than 80 percent of the country's first-time production projects have been implemented with the support of the Ministry of Oil, and said: "The approach of supporting domestic production has always been among the main policies of the Ministry of Oil."

The financial director of the National Oil Company said: "Global oil prices have decreased by about 21 percent in recent months compared to previous periods, which is a significant figure, but the Ministry of Oil has partially compensated for the decline in prices by increasing export volumes and reducing discounts."