ICOFC as a project-oriented organization has started its leap to produce as much oil and gas as four phases of South Pars, and with the implementation of contingency plans, it has a key role in ensuring energy security of the country.

Iranian Central Oilfields Company has signed an agreement with the National Iranian Drilling Company to drill gas well in order to increase its gas production.

Iran and the four countries bordering the Caspian Sea, as the largest holders of gas resources in the world, gathered last week at the second Caspian Economic Conference in Moscow, while the hard winter of Europe is coming and the crisis of the war in Ukraine has exacerbated the troubles for gas consuming countries.

The Deputy Minister of Petroleum for International Affairs and Trade said that during the trip of the Minister of Petroleum to Moscow implementation of the comprehensive memorandum with Gazprom was followed up.

The Iranian Minister of Petroleum said: “Iran's crude oil exports are being carried out without any problems to the target markets.”

The Iranian Deputy Petroleum Minister of International Affairs and Trade determined the framework of cooperation between the two countries in the energy sector in a meeting with the Acting Minister of Energy of Uzbekistan.

Managing director of Iranian Central Oil Fields Company (ICOFC) has said the company is tasked to implement a force major development project on central fields in order to add 10 million cubic meters (mcm) per day to the country’s natural gas production capacity.

The managing director of Iranian Central Oil Fields Company (ICOFC) said his company will benefit from the capacities of the scientific institutions and knowledge-based enterprise of the western Kermanshah province properly to fill the gap created by the sanctions.

Iranian Central Oil Fields Company (ICOFC) is implementing a major zero-flare project, based on which the company will recover 1.5 million cubic feet (mcf) of flare gases per day based on a four-year plan by the end of the Iranian calendar year 1404 (March 2026), the managing director of the company announced.

Recently, Minister of Petroleum Javad Owji oversaw the signing of eight contracts for gas gathering east of the Karoun River. The minister said then that flare gas gathering projects would be completed before the 13th administration bows out.