Oil Minister announced that Tehran and Baku are reviewing existing capacities to expand energy cooperation and will follow up on agreed areas through joint working groups.

The head of Pars Oil and Gas Company said the first stage of South Pars Phase 11 development has been completed, with output from the border section of the shared field reaching 1 billion cubic feet per day, or about 28 million cubic meters.

Iran and Russia have proposed bilateral solutions to remove obstacles and speed up the implementation of agreements reached by their joint economic commission, Iran's oil minister said Tuesday.

The managing director of the Iranian Oil Terminals Company said that despite extensive attacks on the Kharg oil terminal during the third imposed war, average oil exports from the terminal rose about 10% compared with before the war, and exports continued without interruption.

The managing director of the National Petrochemical Company said 60% of the industry's capacity lost in the third imposed war has returned to production.

President Masoud Pezeshkian said Monday that Iran and Pakistan can meet many of their needs by relying on domestic and regional capabilities, stressing the importance of deeper economic and energy cooperation between the two countries.

Oil minister said Tuesday that plans to secure winter fuel supplies include storing liquid fuel at power plants and increasing gas oil reserves for industries, aiming to prevent service disruptions during peak gas consumption periods.

Pars Oil and Gas Company has set up a specialized valve-repair workshop at sea, cutting the time South Pars gas platforms spend offline for overhauls and returning them to production faster, a company executive said.

Since the start of the 14th administration, the National Iranian Oil Company has pursued a strategy of tying research directly to production problems, signing contracts aimed at fixing specific challenges in the field, raising recovery rates, digitizing operations and developing domestic technology.