Current News & Reports

Iran’s Qezel Tappeh-3 HPHT exploration well completed Iran’s Qezel Tappeh-3 HPHT exploration well completed
13 June, 2026
The National Iranian Oil Company's Exploration Directorate has announced the successful completion of drilling operations at the Qezel Tappeh-3 ....
Iran’s NISOC issues engineering studies tender for standby pumps Iran’s NISOC issues engineering studies tender for standby pumps
13 June, 2026
National Iranian South Oil Co. (NISOC) has issued a tender for conducting engineering studies for the project to equip the oil separation and pressure-boosting .....
Iran’s Petropars doubles offshore drilling fleet Iran’s Petropars doubles offshore drilling fleet
13 June, 2026
Iran’s Petropars has announced a significant expansion of its offshore drilling fleet in the Persian Gulf, doubling the number of active offshore rigs....
Iran’s Cabinet blocks privatization of Fajr Jam and Parsian gas refineries Iran’s Cabinet blocks privatization of Fajr Jam and Parsian gas refineries
13 June, 2026
Iran's Cabinet has rejected plans to privatize the Fajr Jam and Parsian gas refineries, two strategic subsidiaries of the National Iranian Gas Company (NIGC).
Iranian Ab Teymour oilfield still awaits development (Report) Iranian Ab Teymour oilfield still awaits development (Report)
13 June, 2026
Iran’s Ab Teymour oil field, once sought after for development by major international companies such as Maersk and Lukoil, is now facing uncertainty regarding its future development.
Iranian heavy oil price at over $115 in May: OPEC data Iranian heavy oil price at over $115 in May: OPEC data
13 June, 2026
Iranian Heavy crude’s average spot price stood at $115.39 per barrel in May 2026, up about $12.49 per barrel from April 2026,
Global oil market highlights in May 2026 as reported by OPEC (Report) Global oil market highlights in May 2026 as reported by OPEC (Report)
13 June, 2026
In May, the OPEC Reference Basket (ORB) value rose by $5.49/b, m-o-m, to average $114.55/b.
Iran crude output as reported by OPEC (May update) (Report) Iran crude output as reported by OPEC (May update) (Report)
13 June, 2026
According to secondary sources, total OPEC-12 crude oil production averaged 18,829 mb/d in May 2026, which is 177 kb/d lower m-o-m.

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

Recently Updated Projects Last Updated: 23 February, 2026

Negin Mahestan - Kangan LLDPE/HDPE
Location: Tombak - 70km from Assaluyeh
Forouzan Development
Location: Kharg region
Pars Oil Products Pipeline
Location: From Mehraran pump station on Bandar Abbas–Rafsanjan pipeline to the city of Shiraz
Bandar Abbas Heavy Residual Upgrading
Location: Bandar Abbas
Karanj Khami
Location: 115 km southeast of Ahvaz
Arman Sepahan IPA
Location: Shahreza - Isfahan Province

Recently Updated Oil & Gas Fields Last Updated: 01 February, 2026

Soulabdar
Field Type: oil
Susangerd
Field Type: oil
West Paydar
Field Type: oil
Aban
Field Type: oil
Changuleh
Field Type: oil
Sepehr
Field Type: oil

Recently Updated Companies Last Updated: 13 June, 2026

Oil Industry Technology and Innovation Park (Petropark)
Category: NIOC and Affiliated Companies , Knowledge Based
Gas Company of East Azarbaijan Province
Category: NIGC and Affiliated Companies
Kermanshah Petrochemical Industries Co. (KPIC)
Category: Petrochemical Companies
Alay Mahestan Petrochemical Company (AMPC)
Category: Petrochemical Companies
Gohar Ofogh Industrial Park Petrochemical Co. (GOPC)
Category: Petrochemical Companies
Boniz Sazeh Co.
Category: Construction Companies, EPC Companies

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