Iran's Oil, Gas & Petrochemical Daily News

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Iran signals return to global oil markets Iran signals return to global oil markets
22 June, 2026
Hamid Bovard, CEO of the National Iranian Oil Company (NIOC) and a member of Iran’s delegation in the four-party peace talks in Switzerland, ...
Brent drops on prospects of more Iranian oil Brent drops on prospects of more Iranian oil
22 June, 2026
Brent crude prices fell on Monday after U.S.-Iran talks in Switzerland ended with Iran announcing it had secured waivers for oil and petrochemical exports, ....
First JMC meeting held for Iran’s Band-e Karkheh oilfield development First JMC meeting held for Iran’s Band-e Karkheh oilfield development
21 June, 2026
The first Joint Management Committee (JMC) meeting for the development of Iran’s Band-e Karkheh oil field, was held with the presence of ....
Iran–U.S. negotiations enter critical phase after ceasefire deal Iran–U.S. negotiations enter critical phase after ceasefire deal
21 June, 2026
Iran and the United States are currently engaged in active but fragile negotiations in Switzerland aimed at stabilizing relations after months of conflict and regional escalation.
Iran’s Ilam Petrochemical seeks benzene recovery partners Iran’s Ilam Petrochemical seeks benzene recovery partners
21 June, 2026
Iran’s Ilam Petrochemical Company intends to identify and evaluate companies and knowledge-based groups with active industrial units and sufficient technical capability for processing pyrolysis gasoline...
Iran’s Lavan Oil Refinery begins recovery after attack Iran’s Lavan Oil Refinery begins recovery after attack
21 June, 2026
Iran’s Lavan Oil Refining Company (LORC) announced that following a recent airstrike on its facilities on Lavan Island.....
Iran's ICOFC plans major onshore gas expansion Iran's ICOFC plans major onshore gas expansion
21 June, 2026
Managing Director of the Iranian Central Oil Fields Company (ICOFC) announced that the company, which supplies 25–30% of the country’s gas, has set a target to increase gas production....
$6bn planned for Iran’s flare gas recovery: NIOC Official $6bn planned for Iran’s flare gas recovery: NIOC Official
21 June, 2026
Director of Supervision of Oil and Gas Production at the National Iranian Oil Company (NIOC), stated that the current administration has made flare gas recovery a key priority ....
Iran’s NISOC issues tender for FEED of Marun Asmari surface facilities Iran’s NISOC issues tender for FEED of Marun Asmari surface facilities
21 June, 2026
National Iranian South Oil Co. (NISOC) has issued a tender for preliminary engineering studies and preparation of FEED documents....
Iran’s NISOC issues engineering studies tender for Ahvaz khami Iran’s NISOC issues engineering studies tender for Ahvaz khami
21 June, 2026
National Iranian South Oil Co. (NISOC) has issued a tender for conducting preliminary engineering studies for the development .....
US and Qatar weigh mechanism to unlock Iran’s frozen cash: WSJ US and Qatar weigh mechanism to unlock Iran’s frozen cash: WSJ
21 June, 2026
The United States was working with Qatar on a mechanism that would give Iran access to billions of dollars in frozen assets ....
Sanctions relief not enough for Iran's oil industry revival Sanctions relief not enough for Iran's oil industry revival
20 June, 2026
The recent US-Iran memorandum has raised hopes for economic improvement in Iran, but a potential agreement is unlikely to quickly revive the country's oil and gas sector.
Iran’s NDF expands investment in new oil field projects Iran’s NDF expands investment in new oil field projects
20 June, 2026
the member of Iran’s National Development Fund (NDF) announced the expansion of the fund’s investments in the upstream oil and gas sector, ....
Emergency plan boosts Iran’s Goureh–Jask oil flows Emergency plan boosts Iran’s Goureh–Jask oil flows
20 June, 2026
Managing Director of Iran's Petroleum Engineering and Development Company (PEDEC), announced the successful implementation of an emergency plan to maximize crude oil transportation ....
Iran PGPIC starts up Hengam urea unit Iran PGPIC starts up Hengam urea unit
20 June, 2026
Iran's Hengam Petrochemical has officially launched its urea unit, which has an annual production capacity of 1 million tons.
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