Sanctions Will Only Harm Western Countries

As our mastery of oil industry technology increases, influence of buying countries reduces and we have allocated special investment to energy sector in the Fifth Economic Development Plan.

Supreme Leader's Visit to
the South Pars

Development of the oil, gas and petrochemical sector must not damage the environment, environmental laws must be respected, and that continuous effort must be made to strengthen manufacturing, production of value-added goods, and strengthening the value added economy.

Solid Steps in Privatization

One of the policies of the industry is to expand the chain of value through intermediate and supplementary industries.

NIGC, Top 10 Active Company

NIGC is producing over 600 million cubic meters of gas per day which would be doubled in coming years, that is to say about 1200 billion cubic meters daily.

OPEC Did Not Give Market Control Over to US

A major reason for runaway increase in oil prices in recent years has been circulation of weak dollars. Therefore, the United States is a cause of the situation which it seeks to change.

OPEC Marks 50th Anniversary in Tehran

"We are trying to work closely with the EU and other countries in order to assure stable oil supply to those countries."

$48 bn to Be Invested in Oil Refineries

Proposals have been given by the foreign partner for participation in construction of seven new oil and gas condensate refineries in the country.

Iran Invests $150 bn in Oil Industry

At present, studies on reservoirs, drilling and construction of undersea pipeline have been carried out by domestic contractors.