Iran | Egypt Oil & Gas

 NIDC Drills 8 Oil and Gas Wells in One Month

The Deputy CEO of the National Iranian Drilling Company (NIDC) for Drilling Operations Hamidreza Shafiei-Makvand announced that it drilled and completed eight oil and natural gas wells its rigs during Farvardin (M ...

Iran Shows Readiness to Export Petrochemicals to Africa

Iran’s First Vice President, Mohammadreza Aref, announced the country’s readiness to export petrochemicals to Africa in support of the continent’s industrial growth.

Iran to Develop 50 Gas Fields to Increase Production by 500 MMCM/D

The Acting Head of Engineering and Development at the National Iranian Oil Company Reza Aqebati announced that they will allocate $41 billion of investment packages to develop 50 natural gas fields, among them 35 ...

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).

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