oil
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Using petrochemical capacities to strengthen national economy required
TEHRAN- The acting minister of oil, emphasizing the need to strengthen the governance role of the National Petrochemical Company, said: The capacities of the petrochemical industry must be used to create employment, increase production, generate income, and strengthen the country’s economy.
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Iran targets 23,000 bpd output at oil field shared with Iraq
The target is to boost daily crude oil production from the Yaran oil field, a joint field shared with Iraq (where it is known as Majnoon), to 23,000 barrels during the second half of the current Iranian year (from September 23, 2026, through March 20, 2027).
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Hormozgan non-oil trade stands at $8b in H1
TEHRAN- The supervisor of customs in Hormozgan Province, citing a 97% increase in the province’s customs revenues, said that in the first half of the current year, more than 14,370,000 tons of goods worth over $8 billion were exported and imported through the province’s customs.
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Program prepared for 117 technological projects in oil, gas
TEHRAN- The proposed package of 117 technological projects for the oil and gas industry, prepared with the direct cooperation of 42 entities, was reviewed at a meeting of the Special Headquarters for Technology Development chaired by Mohammad Reza Aref, First Vice President.
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Iran Economy Contracts 10% in Spring
Iran’s economy shrank by more than 10% year-on-year in the first quarter of the current Iranian year (March–June 2026), according to economic growth data reviewed by Donya-e-Eqtesad newspaper, as disruptions to oil exports weighed heavily on the economy.
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Iran, Kyrgyzstan review proposal for joint oil refinery construction
TEHRAN – In a significant move toward deepening energy and economic ties, Iran and Kyrgyzstan have agreed to jointly review a proposal for the construction of an oil refinery in Kyrgyzstan. The announcement came on the sidelines of the Shanghai Cooperation Organization (SCO) and Shanghai-Plus summit held in Kyrgyzstan on Monday.