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Coop with Russia, Eurasia to accelerate Iran’s transformation into regional energy hub
SHANA (Moscow) – The CEO of the National Iranian Gas Company (NIGC) emphasized the need to achieve the objectives of the Seventh Development Plan, announcing the start of negotiations and operational measures to connect to Russian gas supplies.
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Oil minister:
Iran-Russia strategic treaty takes effect, marking key step in economic cooperation
SHANA (Moscow) – Iran’s oil minister hailed the approval of a strategic treaty between Iran and Russia as a significant step toward deepening economic ties, stressing that the potential for collaboration between the two nations exceeds what has been realized so far.
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Paknejad: Iran-Russia annual trade could surpass $10b
SHANA (Moscow) – Iran’s oil minister said the potential for trade and economic cooperation between Iran and Russia is far greater than $5 billion, adding that the goal is not just to reach $10 billion but to elevate relations to even higher levels through agreed-upon frameworks.
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Iranian oil minister arrives at Moscow
SHANA (Moscow) – Iranian Oil Minister Mohsen Paknejad arrived in Moscow on Thursday to attend the 18th meeting of the Iran-Russia Joint Economic Cooperation Commission.
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Iran-Russia Economic Commission symbolizes political will to expand cooperation
SHANA (Moscow) - The deputy for international affairs and commerce at Iran’s Oil Ministry described the Iran-Russia Economic Commission as a symbol of the two countries’ political will to strengthen cooperation and achieve shared successes throughout the year.
تیتر دو
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NPC: Petchem exports to Russia see significant growth
SHANA (Moscow) – The CEO of the National Petrochemical Company (NPC) announced a rise in petrochemical exports to Russia and the development of infrastructure to expand bilateral cooperation.
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South Pars Fourth Refinery produces 30m barrels of gas condensate
SHANA (Tehran) – The director of South Pars' fourth refinery said innovative technology and the exclusive use of domestic goods enabled the facility to produce nearly 30 million barrels of gas condensate in the Iranian calendar year 1403.
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Significant progress made on two refinery projects: NIORDC
SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced substantial progress on two refinery projects, Sirif and South Adish, stating that the South Adish refinery will be operational by the first half of this year, while the first phase of the Sirif petro-refinery is expected to launch in the first half of next year.
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Drilling begins on fifth infill well at South Pars field
SHANA (Tehran) – The supervisor of the 35-well infill drilling project at South Pars Field announced that drilling has begun on the fifth well in the project, located in phases 15 and 16.
Analysis
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Oil Nationalization, a Beginning for Modern Iran
SHANA (Tehran) – As public protests against the Iran-Britain Oil Concession gathered steam and Mohammad Mosadeq led a parliamentary campaign relying on popular support, the Iranian petroleum industry was nationalized in March 1951, immediately after which Anglo-Iranian Oil Company (AIOC) was expropriated.
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Energy Market Outlook in New Syria
SHANA (Tehran) –Since the early 2000s, the Syrian energy market has experienced significant development with some turning points in 2011 and afterwards. Primarily characterized by relative self-sufficiency and export capabilities, the market is now known for its sharp decline, dependence on foreign countries, and paralyzing sanctions.
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An Eight-Year Success Story
OPEC+ Market Stabilization Efforts
SHANA (Tehran) –The dawning of the year 2025 marked a significant anniversary in the history of the global oil industry, for it was eight years ago, in January 2017, that the ‘Declaration of Cooperation’ (DoC), signed between OPEC and 10 non-OPEC oil-producing countries became operational.
Report
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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.
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China to Let US Down over Iran Oil Ban
SHANA (Tehran) - US President Donald Trump has reiterated his determination to squeeze Iranian oil production to zero. But Iranian Minister of Petroleum Mohsen Paknejad has said the Americans would never see their dream come true.
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Nowruz, Heritage of Ancient Iranians
SHANA (Tehran) - Nowruz marks the first day of the solar calendar year, falling on March 20 or 21, depending on whether the preceding year was a leap year. It is one of the most ancient festivities of Iranians, who believed that Nowruz determined human destiny during the New Year. For Iranians, Nowruz has been synonymous with hope.
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46 Years of Sanctions
Iran Oil Industry Review; 1979-Present
SHANA (Tehran) - The Iranian calendar year is coming to an end, while the Iranian petroleum industry has just marked its 46th year following the Islamic Revolution.