Iran's Oil, Gas & Petrochemical Daily News

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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....
Indian state refiners ready for Iranian oil if US extends waivers Indian state refiners ready for Iranian oil if US extends waivers
07 July, 2026
India’s state-run refiners are in talks with traders marketing Iranian crude, and are preparing to buy barrels if the US extends waivers beyond August
Iran’s Soulabdar oilfield project enters final commissioning: OEID Iran’s Soulabdar oilfield project enters final commissioning: OEID
07 July, 2026
Iranian Oil and Energy Industries Development (OEID), a subsidiary of the Oil Industries Engineering and Construction (OIEC) Group, is advancing the development of Iran's Soulabdar oil field.
IGU: Global LNG trade hit record in 2025, Middle East conflict clouds outlook IGU: Global LNG trade hit record in 2025, Middle East conflict clouds outlook
07 July, 2026
Global liquefied natural gas (LNG) trade hit a record last year as strong ​U.S. exports and rising ⁠European imports offset weaker Asian purchases,
Iraq approves preliminary agreements to study strategic oil export pipeline projects Iraq approves preliminary agreements to study strategic oil export pipeline projects
06 July, 2026
Iraq's cabinet approved Basra ​Oil ⁠Company signing "a heads of agreement", ‌or preliminary agreement, and ​a non-disclosure agreement...
OPEC+ approves August output increase OPEC+ approves August output increase
06 July, 2026
OPEC+ has agreed to increase its collective oil production target by 188,000 barrels per day (bpd) from August, continuing the gradual rollback of ....
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