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West Karun oil fields eyed for 1 mbd production

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the need to strengthen the Arvandan Oil and Gas Company to achieve the goal of producing 1 million barrels of oil per day from the West Karun fields.
39th OPEC and non-OPEC Ministerial Meeting

OPEC+ extends production agreement until 2026, plans new capacity assessment

SHANA (Tehran) - In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, the Participating Countries decided to:
Iran sets June 2025 oil prices for global markets

SHANA (Tehran) – The National Iranian Oil Company (NIOC) announced official selling prices for various crude oil grades in June 2025.
Power plant diesel reserves surge 85%

SHANA (Tehran) – Diesel storage levels at power plants reached nearly 1.5 billion liters in the first two months of the Iranian calendar year 1404 (March 21–May 21), marking an 85% increase compared to the same period last year. This significant rise highlights the Oil Ministry's readiness to ensure stable energy supply across the country.
Iran’s oil industry must tap reserves to turn potential into power

SHANA (Tehran) – A senior oil expert stated that "power in the oil market originates at the wellhead," emphasizing that vast hydrocarbon reserves hold no operational economic value until they are extracted and utilized.

تیتر دو

SPGC launches comprehensive projects to reduce emissions

SHANA (Tehran) – The engineering manager of South Pars Gas Complex (SPGC) announced the start of comprehensive projects aimed at increasing production, reducing emissions, and improving infrastructure to ensure sustainable operations and enhance refinery and equipment performance.
Comprehensive production roadmap drafted at NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the continuation of increasing oil production through the end of the year, stating that due to measures taken, subsidiaries have had access to a comprehensive annual production roadmap since the beginning of the year.
SP’s Refinery 12 plans for sustainable production

SHANA (Tehran) – The manager of the 12th refinery at South Pars Gas Complex announced targeted plans to increase production capacity, improve product quality, reduce pollutants, and enhance equipment reliability.
Government-Parliament cooperation key to resolving energy imbalance

SHANA (Tehran) – The head of the Institute for International Energy Studies emphasized the need for cooperation between the government and Parliament to achieve the strategic goals of the Seventh Development Plan in addressing the country’s energy imbalance.

Analysis

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.
2025-05-21 09:21
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.
2025-05-14 13:36
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.
2025-05-14 13:32
Energy Economics and Energy Security

2025-04-21 11:30
Trump Policy Impact on the Energy Market

2025-04-21 11:30
Trump Tariffs Impact on Canada Energy

2025-04-21 11:27

Report

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.
2025-05-05 14:32
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.
2025-05-05 14:30
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.
2025-04-19 16:23
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.
2025-04-19 16:21
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.
2025-04-16 12:50
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.
2025-04-16 12:59