Current News & Reports

NIOC Exploration signs contract for offshore drilling rig NIOC Exploration signs contract for offshore drilling rig
14 November, 2026
The Exploration Directorate of National Iranian Oil Company (NIOC) has signed a public-private partnership (PPP) contract to secure a dedicated offshore drilling rig,
Second JMC meeting held for Iran’s Band-e Karkheh oilfield development Second JMC meeting held for Iran’s Band-e Karkheh oilfield development
14 November, 2026
The second Joint Management Committee (JMC) meeting for the development of Iran’s Band-e Karkheh oil field, was held with the presence of directors and experts...
Iran’s PGPIC approves financing package for Hormuz Olefins Iran’s PGPIC approves financing package for Hormuz Olefins
14 November, 2026
Persian Gulf Petrochemical Industries Holding (PGPIC) has approved a financing plan for Hormuz Petrochemical (Hormuz Olefins)....
Iran crude output as reported by OPEC (October update) (Report) Iran crude output as reported by OPEC (October update) (Report)
14 November, 2026
According to secondary sources, total OPEC-12 crude oil production averaged 27,164 mb/d in October 2026....
Global oil market highlights in October 2026 as reported by OPEC (Report) Global oil market highlights in October 2026 as reported by OPEC (Report)
14 November, 2026
In October, the OPEC Reference Basket (ORB) value increased by $1.53/b, m-o-m, to average $112.12/b.
Iranian heavy oil price at over $104 in October: OPEC data Iranian heavy oil price at over $104 in October: OPEC data
14 November, 2026
Iranian Heavy crude’s average spot price stood at $104.87 per barrel in October 2026, down about $1.00 per barrel from September 2026....
Iran’s Persian Gulf Bid Boland Gas Refining upstream project at 77% progress Iran’s Persian Gulf Bid Boland Gas Refining upstream project at 77% progress
11 November, 2026
Iran’s Persian Gulf Bid Boland Gas Refining Company upstream gas gathering project underway across 10 oilfields in southern Iran, with overall progress exceeding 77%.
Iran’s NDC signs $159 Mln drilling contract with NISOC Iran’s NDC signs $159 Mln drilling contract with NISOC
11 November, 2026
Iran’s North Drilling Company (NDC) has signed a contract with the National Iranian South Oilfields Company (NISOC) for the guaranteed purchase of drilling services using four new 2,000-horsepower drilling rigs,

Iran's Oil, Gas & Petrochemical News
Iran's Oil, Gas & Petrochemical Reports

Recently Updated Projects Last Updated: 14 November, 2026

Persian Gulf Hormuz Olefins
Location: Pars Special Economic Zone (Assaluyeh)
Aban and West Paydar
Location: Ilam Province
Fanavaran MTP (Petro Olefins)
Location: Petrochemical Special Economic Zone (PETZONE)
Azadegan Integrated
Location: West Arvand River in Khuzestan Province
Islam Abad Gharb GTPP
Location: Islam Abad Gharb Special Economic Zone, Kermanshah Province
Susangerd
Location: 12 km off Southeast of Sousangerd City of Khuzestan Province

Recently Updated Oil & Gas Fields Last Updated: 13 October, 2026

North Yaran
Field Type: oil
Shadegan
Field Type: oil
Takhteh
Field Type: gas
Sohrab
Field Type: oil
Yadman
Field Type: oil
Soulabdar
Field Type: oil

Recently Updated Companies Last Updated: 14 November, 2026

National Development Fund of Iran (NDF)
Category: Investment Companies
Tadbir Drilling Development Co. (TDDC)
Category: Drilling Companies, Drilling Services
Ghadir Investment Co. (GIC)
Category: Investment Companies
Novin Petrochemical Company
Category: Petrochemical Companies
Mofid Eghtesad Group
Category: Investment Companies
Persian Gulf Sustainable Value-Creating Investment Company
Category: Investment Companies, Petrochemical Downstream Companies

About IranOilGas Network

Established by highly experienced oil & gas professionals in 2000, IranOilGas Network is the leading independent Iranian oil, gas & petrochemical information network providing a variety of consultancy & information services.

Sign-in to IranOilGas Network

Middle East & South Caspian Oil & Gas Map