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Oil industry’s performance during war exemplified crisis management
SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee described the oil industry’s performance during the 12-day war with the Zionist regime as a prime example of infrastructure resilience, centralized command and organizational cohesion.
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Thanks to Oil Ministry’s planning;
Fuel supply maintained during 12-day war
SHANA (Tehran) – The head of the Iranian Parliament’s Oil, Gas, and Petrochemical Industries Oversight Committee stated that one of the Israeli regime’s objectives in the 12-day imposed war was to target the country’s energy infrastructure. Despite the challenges and critical conditions, the Oil Ministry ensured a stable supply of fuel, including gasoline and gas.
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MP praises Oil Ministry’s efforts during 12-day war
SHANA (Tehran) – A member of Parliament’s Energy Committee praised the Oil Ministry’s efforts during the 12-day war imposed by the Zionist regime, saying the ministry—from the minister to managers, deputies, and hardworking employees—acted selflessly.
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Easing tensions calm oil prices
SHANA (Tehran) – The decline in oil prices following the announcement of a ceasefire reflects the global market's realism, according to an energy expert.
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South Pars gas field maintains sustainable production during 12-day war
SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) announced the return of the damaged South Pars Phase 14 refinery unit to production, praising the efforts and dedication of employees.
تیتر دو
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Salman field water injection system back in service
SHANA (Tehran) – The CEO of Iran’s Offshore Oil Company announced the return of the Salman field’s water injection system to service, stating that with the startup of the gas injection compressor turbine by the end of the first half of this year, oil production from the shared Salman field will increase, and flared gas will also be reduced.
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Oil prices drop 10% last week
SHANA (Tehran) – Oil prices, which had recently surged to a five-month high amid escalating tensions between the Israeli regime and Iran, fell by about 10% last week as hostilities subsided.
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NIOC: Oil industry did not halt amid threats
SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) described Operation "True Promise 3" as a symbol of the Islamic Republic of Iran's defensive strength and the nation’s decisive response to enemy aggression.
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Paknejad attends funeral for martyrs of national sovereignty
SHANA (Tehran) – Oil Minister Mohsen Paknejad joined a large crowd of passionate, revolutionary citizens in Tehran on Saturday to pay tribute to the heroic martyrs and soldiers of the homeland.
Analysis
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Innovative EOR Potential in Iran
Enhanced Oil Recovery (EOR) techniques have become indispensable in the global oil industry, particularly as conventional oil reserves dwindle and the energy demand continues to rise.
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AI and Its Impact on the Energy Sector
Artificial Intelligence has emerged as an important technology that is transforming the energy sector in a way probably never been experienced before. Innovations in AI are taking place quite rapidly, and new horizons and changes are virtually on a daily basis. AI was earlier thought to have much to do with the renewable sources of energy, but in recent times, it is increasingly penetrating the conventional energy sector as well.
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Iran Shale Oil Recovery Know-how
SHANA (Tehran) –The Directorate of Exploration of the National Iranian Oil Company (NIOC) has embarked on centralized studies over recent years to explore unconventional resources.
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Sino-US Tariff War Impact on Oil/Gas
SHANA (Tehran) - A trade war between the United States and China, the world’s top economies, has intensified over recent years. The latest indication is mutual sharp import tariff hikes. China has vowed to fight to the end in the face of US bullying, taking countermeasures against President Donald Trump’s administration.
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Venezuela Energy Supply and Exports
SHANA (Tehran) - Venezuela was once a prominent oil market player in the world. For years, it has been experiencing a sharp decline in its energy supply due to political tumults along with economic mismanagement and international sanctions. By late 2024, the oil and gas production outlook in Venezuela indicates an intertwined layer of challenges and gradual improvement, impacting both local affairs and exports.
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Report
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Oil Show Stimulates Optimism for Investment in Iran
SHANA (Tehran) - Amid ongoing diplomatic talks between Iran and the United States that are largely expected to end in sanctions lift, foreign companies are exploring opportunities for investment in Iran’s petroleum industry.
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ICOFC Offers $13.5bn Investment Opportunities
SHANA (Tehran) – The director of investment and development at Iranian Central Oil Fields Company (ICOFC), Shirin Mohajer, has announced 25 investment packages worth $13.5 billion in oil and gas projects.
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IPC Deals Rate of Return at 20%
SHANA (Tehran) – The National Iranian Oil Company (NIOC), in conjunction with implementing new economic policies to facilitate the awarding and execution of upstream oil and gas agreements, has recently unveiled 200 investment opportunities.
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Iran Joint Oil & Gas Fields Decided
SHANA (Tehran) - Iran shares at least 28 oil and gas fields with neighboring countries. They include 18 oil fields, 4 gas fields, and 6 oil/gas fields. Rarely is there a country in the world with so many joint reservoirs. Iran shares 12 fields with Iraq, 7 with the United Arab Emirates, 2 with Qatar, 2 with Oman, 1 with Kuwait, and 1 with Turkmenistan.
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Renewables Growing Share of World Energy Mix
SHANA (Tehran) - Renewable energies have seen their share of the global energy mix growing due to the exhaustible nature of fossil fuels and GHG emissions on the one hand, and their positive impact on climate changes, energy independence, economic opportunities, environmental advantages, and access to energy and equality on the other.
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Historic Chance for Iran to Enter European Energy Market
SHANA (Tehran) - Amid US President Donald Trump’s threats to squeeze Iranian oil exports down to zero while increasing tariffs for many countries, seasoned Iranian diplomat Ramin Mehmanparast says Iran is facing a historic opportunity to benefit from the ongoing tariff war between the United States and the European Union (EU). In an interview with” Iran Petroleum”, he stated that Iran can meet the EU’s commodity needs via the North-South corridor.