Iran to Maintain Momentum on Oil Production, Development

Iran to Maintain Momentum on Oil Production, Development
(Tuesday, October 6, 2026) 19:25

TEHRAN, Oct. 5 (NIPNA) — Iran will continue pursuing its oil production and development programs with determination and in a spirit of cooperation, Acting Oil Minister Hamid Bovard said on Monday.

Speaking at a meeting of the Petroleum Ministry’s council of deputies, Bovard praised the efforts of former Petroleum Minister Mohsen Paknejad and said ongoing production and development programs would continue under the government’s policy of consensus and cooperation.

He said the ministry was pursuing a comprehensive program to rebuild facilities damaged during the recent war and advance oil sales, with the aim of successfully navigating the challenges ahead.

National Approach Needed

Bovard called on oil industry officials and employees to work together to overcome the country’s current difficulties and adopt a national approach in their efforts.

He credited both current and former managers with the achievements of the Petroleum Ministry, saying significant measures had been implemented under the previous minister.

“If we are in a position today to say that the current team has succeeded, an important part of that is due to the performance of the former petroleum minister,” Bovard said, adding that the ministry would continue along the same path with determination.

He acknowledged that differences could exist in management approaches or implementation methods, but said such differences should not disrupt the industry’s main course.

Winter Fuel Supply a Priority

Bovard said ensuring stable winter fuel supplies should receive particular attention given damage inflicted on gas industry infrastructure during the recent conflict.

He called for cooperation and coordination among all parts of the oil industry to maintain stable production and secure winter fuel supplies.

Based on reports from the National Iranian Oil Products Refining and Distribution Company, liquid-fuel storage levels were currently adequate, Bovard said, while stressing the need for effective fuel distribution management.

He also called on the National Iranian Gas Company to take appropriate measures to curb excessive consumption and promote responsible gas use.

“If we can achieve a 10% reduction in consumption, it will be a very significant achievement,” he said.

Bovard also urged the public to cooperate with the government in ensuring stable winter fuel supplies, particularly by managing their use of gas and other energy carriers.

Petrochemical Exports Support Foreign-Currency Revenues

Bovard highlighted the petrochemical industry’s role in supplying the country with foreign currency, saying continued production and exports of petrochemical products would contribute to foreign-exchange revenues and support the broader economy.

He said the government would therefore pursue measures to sustain production, remove obstacles to exports and make maximum use of the industry’s available capacity.

Bovard also called for the identification of the oil industry’s main challenges and priorities, urging officials to continue working together to ensure that operations and development programs remain on track.

“What matters is that the work does not stop,” he said.

 

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