Iran's Oil, Gas & Petrochemical Daily News

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Iran, Russia nearing finalization of Russian gas supply contract: Paknejad Iran, Russia nearing finalization of Russian gas supply contract: Paknejad
14 July, 2026
Iran and Russia are in the final stages of agreeing on the details of a contract for Russian gas supplies to Iran, Iranian Oil Minister Mohsen Paknejad announced .....
Iranian heavy oil price at over $90 in June: OPEC data Iranian heavy oil price at over $90 in June: OPEC data
14 July, 2026
Iranian Heavy crude’s average spot price stood at $90.77 per barrel in June 2026, down about $24.62 per barrel from May 2026.
Iran’s TAPPICO pursues PGSCR IPO, debt offset plan: Company MD Iran’s TAPPICO pursues PGSCR IPO, debt offset plan: Company MD
13 July, 2026
Iran’s Tamin Petroleum & Petrochemical Investment Co. (TAPPICO) plans to list the Persian Gulf Star Condensate Refinery (PGSCR) on the Tehran Stock Exchange....
Iran’s NDF recovers record $12bn in outstanding loans: Official Iran’s NDF recovers record $12bn in outstanding loans: Official
13 July, 2026
Director of Supervision and Claims Recovery at Iran's National Development Fund (NDF), announced that the fund recovered a record $12 billion in loans extended ....
Iran's oil sales slow as Chinese refiners turn to cheaper Middle East crude: Reuters Iran's oil sales slow as Chinese refiners turn to cheaper Middle East crude: Reuters
13 July, 2026
According to the Reuters, Iranian Light crude is currently trading at a narrower discount of $2–3 per barrel below ICE Brent, compared with $5–8 per barrel discounts for competing...
Iran expected to remain a key global bitumen supplier in 2026 Iran expected to remain a key global bitumen supplier in 2026
12 July, 2026
Iran remains a major global supplier of bitumen, serving markets across Asia, Africa, and other regions, despite increasing uncertainty in export conditions.
Iran’s Petropars completes third deck installation at Balal Gas Field offshore platform Iran’s Petropars completes third deck installation at Balal Gas Field offshore platform
11 July, 2026
Iran’s Petropars Group has completed the lift and installation of the third deck level of the offshore platform at the Balal Gas Field,
Latest status of Iran’s Dehdasht Petchem Latest status of Iran’s Dehdasht Petchem
11 July, 2026
At the annual general meeting of Iran;s Dehdasht Petrochemical Company, shareholders were informed that the project had reached ...
IEA warns U.S.-Iran tensions could derail 2027 oil surplus forecast IEA warns U.S.-Iran tensions could derail 2027 oil surplus forecast
11 July, 2026
An escalation ‌of hostilities between the U.S. and Iran could upend the International Energy Agency’s (IEA) forecast of a significant oil market surplus next year, it said on Friday,
IMF raises 2026 oil price forecast, predicts steeper decline in 2027 IMF raises 2026 oil price forecast, predicts steeper decline in 2027
11 July, 2026
The estimate of the average oil price in 2026 also continues to rise. The IMF report, prepared before the latest round of escalation around Iran...
Turkey, Iraq to sign one-year pipeline agreement Turkey, Iraq to sign one-year pipeline agreement
11 July, 2026
Turkey and Iraq are expected to sign a one-year agreement in the coming days to keep the Iraq–turkey Crude Oil Pipeline operational ....
Iran retains upper middle-income status in World Bank FY2027 classification Iran retains upper middle-income status in World Bank FY2027 classification
11 July, 2026
The World Bank has maintained Iran's classification as an Upper Middle-Income Economy in its FY2027 Country Income Classifications, which took effect on July 1, 2026.
Latest status of phase II of Iran’s Kermanshah Urea/Ammonia project Latest status of phase II of Iran’s Kermanshah Urea/Ammonia project
10 July, 2026
The latest status of phase 2 of Iran’s Kermanshah Urea/Ammonia project was one of the key topics discussed at the general assembly of the company and according....
NIOC names acting head of NICO NIOC names acting head of NICO
08 July, 2026
Managing Director of the National Iranian Oil Company (NIOC), has appointed Ali Akbar Pour Ebrahim as the acting managing director of Naftiran Intertrade Company (NICO)...
U.S. ends Iran oil sanctions waiver U.S. ends Iran oil sanctions waiver
08 July, 2026
The United States has reimposed sanctions on Iranian oil, ending a temporary sanctions waiver ahead of its original August 21 expiration and setting a new deadline of July 17....
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