President Masoud Pezeshkian said Iran is determined to operationalize economic cooperation with Russia “with strength, speed and precision,” adding that implementation is advancing at a satisfactory pace across all agreed sectors.
Iran’s oil minister said agreements reached with Russia have entered the implementation phase following the conclusion of the 19th Iran-Russia Joint Economic Commission.
The intensification of Western sanctions and shifting global power dynamics have opened a new phase in economic cooperation between the Islamic Republic of Iran and the Russian Federation, presenting a historic opportunity for both countries to expand their economies.
The CEO of the National Iranian Gas Company said gas tariff reforms are designed to improve consumption patterns rather than increase government revenue, stressing that smart management of consumption data, stronger network maintenance and precise implementation of optimization programs have helped stabilize the country’s gas network.
The year 1404 can be regarded as a period in which the National Iranian South Oilfields Company (NISOC) further consolidated its position as one of the strategic pillars of the country’s oil industry and a principal component of Iran’s energy portfolio. At a time when the stability of energy production plays a direct role in economic stability, national resilience, and the realization of the Seventh Development Plan’s objectives, the company’s performance can be assessed not merely as that of an operational entity, but as a key contributor to the broader energy economy.
Iran and Russia are set to finalize six separate cooperation documents following negotiations by 16 working groups during the first two days of the 19th Iran-Russia Joint Economic Commission, a senior Iranian oil official said Monday.
President Masoud Pezeshkian says Iran is firmly committed to operationalizing major transportation projects and the country’s vital arteries with “power, speed, precision, and high quality.”
The CEO of the National Petrochemical Company said optimizing fuel consumption at power plants can improve petrochemical feedstock availability while boosting efficiency and reducing emissions. He added that petrochemical companies investing in such projects will benefit financially while delivering significant national economic gains.
The CEO of Nouri Petrochemical Company emphasized the strategic and supervisory role of the National Petrochemical Company in the sector, saying investors are seeking stability in policymaking and decision-making in the petrochemical industry. He said pricing of utility services must be managed in a way that preserves the economic viability and attractiveness of production at downstream complexes.
The petrochemical industry has entered a new phase of policy and implementation under Iran's 14th government, moving beyond the mere expansion of nominal capacity to focus on completing the value chain, increasing actual production, and boosting domestic value-added, according to the head of the National Petrochemical Company (NPC).