Iran's Oil, Gas & Petrochemical Daily News

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International private investors back $300B Iran development fund International private investors back $300B Iran development fund
18 June, 2026
A proposed agreement between Iran and the United States includes the creation of a $300 billion private investment fund aimed at rebuilding and developing Iran’s infrastructure.
Iran’s ‘Foreign Currency Investment Funds’ launched Iran’s ‘Foreign Currency Investment Funds’ launched
18 June, 2026
Director of Foreign Currency Financing at the Iran Center for Exchange of Currency and Gold explained the mechanism of foreign currency investment funds,...
Iran boosts gas supply and infrastructure Iran boosts gas supply and infrastructure
18 June, 2026
In recent years, the National Iranian Gas Company (NIGC) has significantly expanded gas infrastructure, increasing natural gas's share to about 60–70% of household energy consumption.
New Iranian flare gas desulfurization tech unveiled New Iranian flare gas desulfurization tech unveiled
18 June, 2026
An Iranian knowledge-based company, Sharif Engineering Processing Development Company (SEPDCO), has developed a technology called a “flare gas desulfurization package” ...
Frozen Iranian assets across the world Frozen Iranian assets across the world
18 June, 2026
The Wall Street Journal reports that billions of dollars in Iranian assets remain frozen in several countries, primarily due to U.S. sanctions ...
IEA sees significant 2027 oil surplus IEA sees significant 2027 oil surplus
18 June, 2026
The International Energy Agency (IEA) believes that once Middle Eastern oil production and exports normalize after the Hormuz disruption...
UAE's post OPEC expansion push to lift oil output above 5mln bpd next year: IEA UAE's post OPEC expansion push to lift oil output above 5mln bpd next year: IEA
18 June, 2026
The United Arab Emirates' oil output could exceed 5 million bpd next ‌year as it moves to expand production after its exit from OPEC,...
Iran’s Marun Petchem targets expansion with 334.8% capital hike Iran’s Marun Petchem targets expansion with 334.8% capital hike
17 June, 2026
The Board of Directors of Marun Petrochemical Company has approved a 334.8% capital increase through retained earnings, raising the company's capital ....
Review of active and awarded projects within Iran’s PGPIC Review of active and awarded projects within Iran’s PGPIC
17 June, 2026
A review of ongoing and awarded projects within Persian Gulf Petrochemical Industries Company (PGPIC) shows that
Iran’s Hirsa Polymer Sahand Project reaches 60% completion: Tehran Jonoub MD Iran’s Hirsa Polymer Sahand Project reaches 60% completion: Tehran Jonoub MD
17 June, 2026
Iran’s Hirsa Polymer Sahand Petrochemical Project, located in the Mahshahr Petrochemical Special Economic Zone, is designed to produce 200,000 tons of polypropylene annually.
Will a US-Iran deal unlock $300bn in investment fund for Iran? Will a US-Iran deal unlock $300bn in investment fund for Iran?
17 June, 2026
The United States and Iran are expected to formally sign a memorandum of understanding in Switzerland on Friday, following an electronic signing earlier this week.
Petropars nears completion of Iran’s South Pars refinery cleanup Petropars nears completion of Iran’s South Pars refinery cleanup
16 June, 2026
Debris removal, cleanup, and safety restoration work at the damaged units of South Pars Refinery III (Phases 4 and 5) has exceeded ....
NISOC expands processing capacity, advances flare gas projects and drilling plans: Company MD NISOC expands processing capacity, advances flare gas projects and drilling plans: Company MD
16 June, 2026
Managing Director of the National Iranian South Oil Company (NISOC), Ramin Hatami, announced that despite wartime conditions, the company continued ....
Complementary works at Iran’s South Pars Phases 22–24 underway: POGC Official Complementary works at Iran’s South Pars Phases 22–24 underway: POGC Official
15 June, 2026
the manager of the South Pars Phases 22–24 development project at Iran’s Pars Oil and Gas Company (POGC), announced that drilling operations for new wells ....
Iran's crude oil price in May 2026 Iran's crude oil price in May 2026
15 June, 2026
According to the Dept. of International Affairs at National Iranian Oil Co. (NIOC), Iran sold its different types of crude oil to various...
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