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ICOFC: From gas field development to key project launches
SHANA (Tehran) – The CEO of the Iranian Central Oil Fields Company (ICOFC) outlined the company’s major achievements in 1403 and announced plans for technical and contractual negotiations to develop 16 gas fields and launch key projects in 1404.
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POGC:
Work never stops in Iran’s energy hub—even during Nowruz
SHANA (Tehran) – The CEO of Pars Oil and Gas Company (OGC) announced that 70% of Iran’s natural gas, 50% of petrochemical feedstock, and 40% of the feedstock needed for gasoline production come from the South Pars joint field.
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Self-sufficiency under sanctions: a technological leap in Iran’s oil industry
SHANA (Tehran) – The deputy oil minister for engineering, research and technology cited first-time production achievements and innovations in financing tools for new technology-based firms (NTBFs) as two key accomplishments of the Oil Ministry in the Iranian year 1403 (2024-25).
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Refinery projects prioritized
SHANA (Tehran) - The oil minister emphasized prioritizing refinery projects based on available capital, stating that attracting public investment for small-scale refinery projects is a key focus, in line with the Leader’s designation of the Iranian year 1404 (2025-26) as the "Year of Investment for Production."
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Gasoline consumption rises 8% during Nowruz holidays
SHANA (Tehran) - Oil Minister Mohsen Paknejad announced an 8% increase in average daily gasoline consumption during the Nowruz holidays compared to the same period last year, stating that fuel reserves are currently at a strong level.
تیتر دو
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Daily gasoline consumption exceeds 140m liters
SHANA (Tehran) - Gasoline consumption on Monday reached over 140 million liters, marking a 7.5% increase compared to the same period last year.
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Role of Isfahan Refinery’s RHU Project in reducing fuel imports
SHANA (Tehran) - The CEO of Iran’s National Oil Refining and Distribution Company stated that the faster implementation of the RHU project at the Isfahan refinery will not only reduce air pollution but also increase profitability and prevent unnecessary costs associated with fuel imports.
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High fuel consumption persists during Nowruz; 20% increase
SHANA (Tehran) – Gasoline consumption on Sunday reached over 141 million liters, marking a 20% increase compared to the same period last year.
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PIDMCO ready to participate in overseas petchem projects
SHANA (Tehran) – The CEO of PIDMCO, the Petrochemical Industries Development Management Company, outlined the company’s goals and plans for engaging with new technology-based firms (NTBFs) in the new year, expressing hope to participate in at least one international project in 1404, involving technical and engineering services, execution, and commodity supply.
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.
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Mideast Impact on Energy Market
SHANA (Tehran) – The Middle East’s geopolitical outlook has significantly impacted global energy developments due to the crucial role of the region in oil and gas production.
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US Bigger Role in Europe Energy Supply
SHANA (Tehran) – The Nord Stream 2 pipeline was designed to transmit natural gas directly from Russia to Germany, cutting through the Baltics.
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Global Oil Market in 2024: Uncertainty and Volatility
SHANA (Tehran) – The global oil market is a dynamic and complex arena influenced by various factors such as geopolitical tensions, technological advancements, environmental concerns, and shifting consumer preferences.
Report
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Jacket Loaded for Belal Field Platform
SHANA (Tehran) – The jacket for the platform of the development of the Belal gas field was recently loaded on Jetty No. 3 of Iran Marine Industrial Company (SADRA) in Bushehr to be finally installed on the reservoir block of this project at the Iran-Qatar border in the Persian Gulf.
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WRFM to Help Prevent Oil Output Fall-Off
SHANA (Tehran) – Artificial Intelligence (AI) is being widely used in the petroleum industry mainly due to the complicated nature and high costs of the industry, particularly in the processes of exploration, production, and operation.
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$17b Investment in SP Compression Projects
SHANA (Tehran) – The South Pars gas field, jointly owned by Iran and Qatar, holds 8% of global gas reserves and about half of Iran’s gas deposits.