industry Archives
NIOC begins development of new Pazan oil and gas field
The National Iranian Oil Company (NIOC) has launched the development of the newly discovered Pazan oil and gas field, which officials say could play a key role in easing the country’s energy imbalance by supplying gas to four provinces
Over 940 km of gas transmission pipelines to be commissioned by Mar. 2026
Iran will bring 948 kilometers of gas transmission pipelines and three new compressor stations into operation in the current Iranian calendar year (ends in late March 2026), alongside expanding its Sarajeh gas storage facility, the head of the Iranian Gas Engineering and Development Company said
New pipeline secures stable gas production at South Pars phase 16
The Iranian Offshore Engineering and Construction Company (IOECC) has completed a new offshore and onshore pipeline for phase 16 of the South Pars gas field, ensuring stable production from the platform, the project manager said
NIGC raises gas supply to power plants by 2 bcm
Iran has increased natural gas deliveries to its power plants by around two billion cubic meters (bcm) since the start of the current calendar year (late March 2025), bringing total supplies to 47.4 bcm by Sept
Iran to boost petrochemical capacity by 35m tons under 5-year plan
Iran plans to raise its nominal petrochemical production capacity by 35 million tons to 131.5 million tons a year by the end of its Seventh National Development Plan (2022- 2027) through 66 expansion projects, a senior official said, targeting an average annual growth of eight percent
Iran boosts south pars gas output with new well commissioning
Iran has increased daily gas production from the giant South Pars field by 1.6 million cubic meters following the launch of a new infield well, a senior official said on Monday
Petrochemical sector stays on track despite conflict, eyes annual targets
Iran’s petrochemical industry remains committed to achieving its development goals for the current year, despite disruptions caused by a 12-day conflict triggered by Israeli airstrikes, a senior official said
Petchem sector invests $5b to curb gas flaring, aims to cut carbon emissions by half
Iran’s petrochemical industry has invested $5.0 billion to reduce gas flaring in upstream oil operations and is drafting a strategic roadmap to further cut emissions, according to the health, safety and environment (HSE) director of the National Petrochemical Company (NPC)
Sponge iron production rises 7% in a month on year
Production of sponge iron in Iran rose seven percent in the first month of the current Iranian calendar year, Farvardin (March 21-April21), as compared to the first month in the previous year, As reported, 4.075 million tons of sponge iron was produced in Farvardin of this year, while the figure was 3.807 million tons in the same month of the past year
China’s high-quality industrial development injects new momentum into the world economy
Recently, in the face of a complicated situation marked by increasing external shocks and multiple domestic difficulties and challenges, China’s economy maintained stable growth despite pressure, sustaining the new and positive development momentum