Iran's Oil, Gas & Petrochemical Daily News

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Iran’s crude oil OSPs for November 2026 Iran’s crude oil OSPs for November 2026
02 November, 2026
According to the International Affairs of National Iranian Oil Co. (NIOC) the official crude oil selling prices (OSPs) of Iranian crude oil for November 2026 are as follows:
Latest status of phase II of Iran’s Azar oilfield development project Latest status of phase II of Iran’s Azar oilfield development project
02 November, 2026
The third joint management committee (JMC) meeting for phase II of Iran’s Azar oil field development project was held to review project progress, contractor performance, ....
Iran’s Razi petrochemical signs MoU with NIOC to develop two gas fields Iran’s Razi petrochemical signs MoU with NIOC to develop two gas fields
02 November, 2026
Iran’s Razi Petrochemical Company has signed a memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to study and develop....
OPEC+ keeps December oil output targets steady OPEC+ keeps December oil output targets steady
02 November, 2026
OPEC+ oil-producing countries kept December production targets ‌steady on Sunday, confirming expectations that more policy adjustments will not occur until next year....
Iran’s NIDC tenders directional drilling motor services Iran’s NIDC tenders directional drilling motor services
02 November, 2026
National Iranian Drilling Company (NIDC) has issued a tender for provision of directional drilling downhole motor services on a call-out basis,
New MD appointed for Iran’s POGC New MD appointed for Iran’s POGC
01 November, 2026
Farrokh Alikhani, caretaker of the National Iranian Oil Company (NIOC), has appointed Hamidreza Masoudi as Managing Director of Pars Oil and Gas Company (POGC),
Iran’s Tabriz Oil Refining Co. sells 8.2% stake in Tabriz Petrochemical Iran’s Tabriz Oil Refining Co. sells 8.2% stake in Tabriz Petrochemical
01 November, 2026
Tabriz Oil Refining Company has announced the sale of a total of 407,389,001 shares in Tabriz Petrochemical Company, equivalent to 8.2% of the company's equity, at Rial 65,000 per share.
IRENEX international market deals in 7th month of current Iranian year IRENEX international market deals in 7th month of current Iranian year
01 November, 2026
During the 7th month of current Iranian (22 Sep. to 22 Oct.), approximately 862,432 tons of different type of products were traded at the international market of Iran Energy Exchange (IRENEX),
Iran’s Petropars begins drilling 13th well at South Pars phase 11 Iran’s Petropars begins drilling 13th well at South Pars phase 11
31 October, 2026
Hamidreza Saghafi, managing director of Iran’s Petropars Group has announced the continuation of drilling operations on the 13th well at Position B of Phase 11 of the South Pars gas field,
Iran’s Badr-e-Shargh Petrochemical raises Rial 4 trillion via Sukuk Iran’s Badr-e-Shargh Petrochemical raises Rial 4 trillion via Sukuk
30 October, 2026
Iran's Damavand Investment Bank (Tamaddon) has undertaken the underwriting and market-making of Rial 4 trillion in lease sukuk issued by Badr-e-Shargh Methanol ...
Iran’s PGPIC targets completion of Sonqor petrochemical project within a year Iran’s PGPIC targets completion of Sonqor petrochemical project within a year
28 October, 2026
Iran’s Persian Gulf Petrochemical Industries Holding (PGPIC) has pledged to complete and commission the  Sonqor Methyl Amine Project....
Iran, Gazprom discuss energy cooperation in Moscow Iran, Gazprom discuss energy cooperation in Moscow
28 October, 2026
Iranian caretaker Oil Minister Hamid Bovard met Gazprom CEO Alexey Miller in Moscow on Tuesday, October 27, to discuss energy cooperation....
Iran’s PEDEC reissues tender for MC of Omidiyeh concrete oil storage tanks Iran’s PEDEC reissues tender for MC of Omidiyeh concrete oil storage tanks
27 October, 2026
Iran’s Petroleum Engineering and Development Company (PEDEC) has reissued a tender for management contracting (MC) services, including ...
Oil production at three Iranian fields exceeds Russian contractor’s output target: PEDEC MD Oil production at three Iranian fields exceeds Russian contractor’s output target: PEDEC MD
26 October, 2026
Managing Director of Iran’s Petroleum Engineering and Development Company (PEDEC) announced that daily oil production from the East Paydar, Cheshmeh Khosh and Dalpari fields had reached ....
Iran-Russia gas deal nears finalization: Caretaker Oil Minister Iran-Russia gas deal nears finalization: Caretaker Oil Minister
26 October, 2026
Iran and Russia have nearly finalized a broad gas exchange agreement, with technical work underway to implement the deal, caretaker Oil Minister Hamid Bovard said in Moscow on Sunday.
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