Oil Minister Mohsen Paknejad

2026-02-07 15:38

Iran oil industry posts fresh records in output, exports, capacity building

TEHRAN – Iran’s oil industry has set new records in production, exports and capacity development over the past 18 months, despite continued sanctions and external constraints.

2026-01-31 15:09

Paknejad plays down concerns over U.S. dealings with Iran’s oil customers

TEHRAN – Iran’s oil minister dismissed concerns that potential U.S. dealings with buyers of Iranian crude could undermine Tehran’s oil sales or revenues, saying the country remains in control of its export strategy.

2026/01/18

By Mahnaz Abdi

South Pars daily output hits 725 mcm, fueling Iran's path to energy self-sufficiency

TEHRAN – Iran’s colossal South Pars gas field has achieved a landmark daily production rate of 725 million cubic meters (mcm), announced Oil Minister Mohsen Paknejad. This milestone underscores a major operational triumph for Iran’s energy sector amid significant external constraints.

2026-01-17 15:03

NIOC inks contracts worth over $2.5b with private sector

TEHRAN- National Iranian Oil Company (NIOC) signed contracts worth more than $2.5 billion with the private sector companies on Thursday, January 15.

2026-01-06 13:36

South Pars daily gas extraction reaches 725 mcm

TEHRAN- The oil minister, while appreciating the tireless efforts of operational personnel in the South Pars region, said a new record has been set in the South Pars gas field, and the amount of gas extracted from this field has reached about 725 million cubic meters (mcm) per day.