Iran | Egypt Oil & Gas

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.

Iran Loads Over 46 Million Tons of Crude, Petroleum Products in 7 Months

Iran's Ports and Maritime Organization (PMO) has reported more than 46.075 million metric tons (mt) loadings of crude oil and petroleum products at Iranian ports in the seven months ending October 21.

Iran’s Petrochemicals Records Increase by 12.8% in Five Months

The Head of the Islamic Republic of Iran Customs Administration (IRICA) Mohammad Rezvanifar has announced that petrochemical products increased by 12.8% during the five months of the current Iranian calendar year ...

Iran, Turkmenistan Sign 10 bcm Natural Gas Swap Deal

Iran has signed a major gas swap deal with Tukmenistan under which Iran will supply up to 10 billion cubic meters (bcm) of natural gas to Baghdad, Iraq in return for receiving the same volumes from Ashgabat, Tukme ...

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