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."
The Director of Research and Technology of the National Iranian Oil Company, announcing that more than 51% of the country's recoverable oil reserves have been harvested, emphasized: the countries of the region have moved with increasing speed towards the use of new technologies for increased harvesting, and Iran is bound to accelerate the development and localization of these technologies in order to protect the remaining reserves and sustainable production.
Shamal Drilling Company, the exploratory drilling contractor in the Caspian Sea, announced an increase of 25% of the initial contract amount in some contract cases with the Caspian Oil Company.
The investment manager of the National Petrochemical Industry Company said: We are obliged to solve as many challenges and problems as possible so that the development of the industry takes place, because the petrochemical industry accounts for about 8% of the gross domestic product and 30% of non-oil exports are made from the petrochemical industry.
The former representative of Iran in the OPEC executive board, emphasizing the fading effect of geopolitical shocks on the global oil market, said: In recent years, the oil market has moved away from pricing based on fear and tension and has moved towards valuation based on fundamental factors such as supply, demand, storage level and excess production capacity.
A faculty member of the Institute for International Energy Studies announced that price levels in 2025 were lower than the previous year, and said: "Given the experience of the oil market in recent years, it is unlikely that we will see a significant increase in prices in 2026 unless a specific development occurs in the global economy or geopolitical equations."
