Iran has awarded some $17 billion worth of contracts to domestic companies for a major pressure-boosting project in South Pars, the world’s largest gas field that straddles the maritime border between Iran and Qatar.
President Masoud Pezeshkian acknowledged on Saturday that Iran faced a difficult winter but praised the efforts of the oil, energy, and interior ministries for helping the nation navigate the challenges.
Iran's Oil Minister Mohsen Paknejad and Iraq’s Minister of Electricity Ziad Ali Fadel met on Wednesday to discuss improving cooperation in energy sectors including oil, gas, petrochemicals, and electricity.
The petrochemical exports of Iran under the administration of President Pezeshkian have considerably increased in spite of the tough sanctions imposed by the United States against the country.
Turkey has begun receiving Turkmenistan's gas via Iranian territory under a barter scheme, Turkish Energy and Natural Resources Minister Alparslan Bayraktar said on Tuesday.
The Organization of the Petroleum Exporting Countries and its allies, a grouping known as OPEC+, has decided to go ahead with plans to increase its production in April after three years of imposing cuts.
National Iranian Oil Company (NIOC) has set official selling prices (OSP) for Iranian crude oil in March, so that Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.
The CEO of the National Petrochemical Company (NPC) has announced that several new projects will soon be introduced across the country to develop downstream petrochemical industries.
The State Department this week terminated a US Agency for International Development initiative that has invested hundreds of millions of dollars to help restore Ukraine's energy grid.
China's imports of Iranian oil is set to rebound in March as non-sanctioned tankers, drawn by lucrative payoffs, joined the trade replacing vessels under US embargo, trade sources and analysts said.