The head of oil and gas engineering at Pars Oil and Gas Company said the company has reviewed and restructured production, maintenance and development plans for the South Pars gas field to reflect constraints and conditions following the war.
The revival of more than 700 shut-in and low-producing oil wells, the engagement of 76 technology companies, the receipt of 189 technical proposals and 381.227 billion rials in investment in technology projects are among the key achievements of the Oil Industry Technology and Innovation Park during the first two years of the 14th administration.
Iran began enforcing a revised gasoline pricing plan Tuesday, changing rates charged through emergency station cards while leaving standard fuel quotas unchanged.
Oil minister said reconstruction work on Phase 11 of the South Pars gas field has picked up speed, part of a broader push to boost the country's natural gas production and supply over the past two years.
Iran’s North Pars gas field development entered a new phase during the first two years of the 14th administration, from August 2024 to August 2026, as engineering studies concluded, contract packages were finalized and work began on the first offshore structure.
The CEO of the National Iranian Oil Refining and Distribution Company has stated that the government’s fuel pricing policies are gradual and flexible. He confirmed that the first and second gasoline quotas together meet the needs of 85% of the population, and their rates will remain unchanged.
The National Iranian Oil Company is developing a comprehensive plan to boost production at the National Iranian South Oilfields Company, with a focus on field development and accelerating projects aimed at increasing output, the NIOC chief said.
The National Iranian Oil Terminals Company has secured €500 million in funding for priority projects aimed at restoring out-of-service capacity, strengthening infrastructure and enhancing the operational capabilities of the country’s oil terminals, its CEO said.
Mohammad-Sadeq Azimifar, CEO of the National Iranian Oil Products Refining and Distribution Company, said the country’s diesel reserves for power plants have risen to 3.2 billion liters, providing an important buffer for fuel supplies during the colder months and helping offset reduced access to natural gas during peak demand.
Gas that for years was burned off at oil fields is increasingly being turned into an investment opportunity in Iran’s oil industry. The National Iranian Oil Co. has signed 23 contracts with private and non-governmental investors to collect associated and flare gas, paving the way for the shutdown of 57 flares in Khuzestan province.