Iran | Egypt Oil & Gas

Iran’s Gas Flow to Industry Climbs 6.89% in 18 Days

The National Iranian Gas Company (NIGC) announced that it delivered a total of 6.49 billion cubic meters (bcm) of natural gas to the industrial sector, including power plants, petrochemical units, steel producers, ...

South Pars Gas Refinery Shows Strong Performance in 2024/25

The first South Pars Gas Refinery achieved strong operational performance during the Iranian year 1403 (March 2024 – March 2025), producing over 10 billion cubic meters (bcm) of sweetened gas, according to directo ...

NIDC to Invest around $1 billion in Drilling Equipment

The CEO of the National Iranian Drilling Company (NIDC), Mehran Makvandi, announced that the National Iranian Oil Company will invest $800 million to purchase 15 onshore drilling rigs this year. An additional $200 ...

Fuel Optimization Company Targets To Save 1.28 mmboe by the end of 2028

The CEO of the Fuel Consumption Optimization Company Hossein Hosseinzadeh announced plans to reduce energy consumption in three sectors: industry, transportation, and construction., aiming to save 1.285 million b ...

Iran Completes Drilling Operations at Bibi Hakimeh Field

A statement issued by Shana News Agency announced completing the drilling operations of an oil well in the Bibi Hakimeh field at the beginning of the year 1404 (March 21).

Iran Successfully Installs Jacket Platform for Belal Gas Field Project

Iran stated that it successfully completed the installation of the jacket platform for the development project of the shared Belal gas field, located in the reservoir block on the border between Iran and Qatar.

Iran Targets to Collect 16 bcm of APG Annually

Iran’s Oil Minister Mohsen Paknejad stated that his country is targeting to collect 16 billion cubic meters (bcm) per year of associated petroleum gas (APG) in the Seventh Development Plan (2024-28).

PEDEC to Launch First Phase of South Azadegan Processing Unit

The CEO of the Petroleum Engineering and Development Company (PEDEC) Nasrollah Zarei announced that the launch of the first phase of the crude oil processing unit at the South Azadegan joint field will be soon to ...

Iran to Sign $17B Contracts For South Pars Gas Field Pressure Boost Project

National Iranian Oil Company is set to sign seven contracts for the South Pars (SP) pressure boost project valued at $17 billion, said the company’s Engineering and Development Manager, Reza Dehqa. This follows th ...

Iran Launches First Oil Dock Established by Private Sector

The Iranian Oil sector announced the operational launch of the first oil dock built by the private sector.

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