Iran's Oil, Gas & Petrochemical News Headlines

Iran plans two-year rebuild of damaged PSEEZ facilities: MP
19 May, 2026
The reconstruction and modernization of gas refineries and petrochemical infrastructure in Iran’s Pars Special Economic Energy Zone (PSEEZ),....

Iran's NDF allocates new funding for 15 GW renewable energy expansion
19 May, 2026
A member of executive board of Iran’s National Development Fund (NDF) announced the allocation of a new $300 million credit line to the Renewable Energy and Energy Efficiency Organization (SATBA)

U.S. extends waiver for Russian oil amid Hormuz crisis
19 May, 2026
The U.S. Treasury has extended for another 30 days a sanctions waiver allowing energy-vulnerable countries to purchase Russian seaborne oil,

US accepts temporary waiver of Iran oil sanctions during negotiations: Iranian media
19 May, 2026
The US has agreed in its latest proposal to temporarily waive sanctions on Iran’s oil sector during the negotiation period, Iran’s semi-official Tasnim news agency reported on Monday,

Moody’s: India, other Asian countries may negotiate transit corridors with Iran bilaterally
18 May, 2026
India and other oil-importing countries that are dependent on energy supplies through the Strait of Hormuz are likely to negotiate bilaterally

Iran’s PETROL sells Petroparak stake to Arvand Petrochemical
18 May, 2026
Iran’s Persian Gulf Petrochemical Downstream Industries Development and Investment Group (IIPG or PETROL)....

Iran prepares third phase of gasoline reform amid rising fuel deficit
18 May, 2026
Only a few days remain before the launch of the first stage of the third phase of Iran’s structural gasoline consumption management reform,...

Tender issued for Iran’s Shadegan well services
18 May, 2026
Iranian Petro Sina Arya Company, a subsidiary of Khatam al-Anbiya Headquarters, intends to hold a tender for services related to wireline....

Iran's IOOC issues tender to charter 3 offshore rigs
18 May, 2026
Iranian Offshore Oil Co. (IOOC) has issued a tender to charter three 350 feet offshore drilling rigs...

Iraq targets 500,000 bpd oil export via Turkey
18 May, 2026
Iraq continues to export around 200,000 barrels per day (bpd) from Kirkuk through Turkey’s Ceyhan port, with plans to raise flows to as much as 500,000 bpd.

Iran launches “Hormuz Safe” maritime insurance platform
17 May, 2026
The Iranian “Hormuz Safe” platform has started offering insurance coverage for maritime cargo transiting through the Strait of Hormuz

Tender issued for Iran’s Ahvaz 2,3&5 well casing services
16 May, 2026
Iranian Petro Sina Arya Company, a subsidiary of Khatam HQ, has issued a tender for well casing services of 3 wells ...

Tenders issued for Iran’s Shadegan well services
16 May, 2026
Iranian Petro Sina Arya Company, a subsidiary of Khatam al-Anbiya Headquarters, intends to hold two tenders for well services related ....

Iraq appoints industry veteran as new oil minister
16 May, 2026
Iraq has appointed oil industry veteran and a former deputy oil minister Bassim Mohammed Khudair as the country's new Minister of Oil.

Iranian heavy oil price at $103 in April: OPEC data
16 May, 2026
Iranian Heavy crude’s average spot price stood at $103 per barrel in April 2026, down about $21 per barrel from March 2026,

Iran's Oil, Gas & Petrochemical Daily News

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