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Oil market shifts from fear to fundamentals as geopolitical shocks fade
SHANA (Tehran) – A former Iranian representative to OPEC’s Board of Governors says the global oil market has largely moved away from fear-driven pricing and is now valuing crude based on fundamentals such as supply, demand, inventory levels and spare production capacity, as the impact of geopolitical shocks continues to fade.
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South Pars daily gas output hits 723 mcm
SHANA (Tehran) – The CEO of Pars Oil and Gas Company said daily production from the South Pars gas field has reached 723 million cubic meters, praising round-the-clock efforts by the company’s headquarters and operational staff.
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Petrochemical firms return 98% of forex to economy
SHANA (Tehran) – Iran has recovered more than 98% of foreign currency earnings from petrochemical companies, the deputy oil minister for petrochemical affairs said, noting an improvement from last year.
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Petchem projects under Seventh Development Plan about 60% complete
SHANA (Tehran) – The head of the National Petrochemical Company (NPC) said petrochemical projects under Iran’s Seventh Development Plan are about 60% complete and that all targets set for the plan’s first year were fully achieved in 1403.
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Pezeshkian: Controlling gas flaring is a priority
SHANA (Tehran) – President Masoud Pezeshkian said that controlling gas flaring is a priority.
تیتر دو
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Household gas use hits 643 mcm amid cold weather
SHANA (Tehran) – Gas consumption in the household, commercial and small industrial sectors reached 643 million cubic meters on Saturday as cold weather persisted, according to Iran’s National Iranian Gas Company.
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Second Azadegan CTEP boosts oil output, jobs, supply chain resilience
SHANA (Tehran) — The opening of the second train of the central processing unit at the South Azadegan shared oil field will play a key role in sustainable development in the West Karoun region by expanding stable processing capacity, stabilizing production, strengthening the transfer chain and creating jobs, the deputy head of Parliament’s Energy Committee said.
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Petrochemicals emerge as a key driver of wealth creation
SHANA (Tehran) – A presidential adviser said Iran’s petrochemical industry could become one of the country’s main engines of wealth creation and economic growth by easing investment procedures, cutting red tape, tapping small-scale foreign currency investments and leveraging the capacity of new technology-based firms.
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10% energy savings can ease major challenges, Pezeshkian says
SHANA (Tehran) – President Masoud Pezeshkian emphasized the need to reform energy consumption patterns, saying that saving just 10% of resources — particularly energy — could resolve a significant portion of the country’s challenges, including livelihoods, salary payments, infrastructure development and national security.
Analysis
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Boosting Well Productivity by Innovative Strategies
SHANA (Tehran) - Iran sits atop the world’s largest hydrocarbon reserves, with its massive South Pars gas field alone holding an estimated 280 tcf of recoverable natural gas. Yet despite this abundance, maximizing well productivity remains a critical challenge for Iran’s oil and gas industry.
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Iran Oil Sector: A Paradox of Potential and Opportunity
SHANA (Tehran) - Iran, strategically located in the Middle East and Central Asia, holds a huge amount of oil and gas. We are talking about some of the world’s largest proven crude oil and natural gas reserves. This means the country’s energy sector is incredibly important on the global scene, with immense potential for investment and for really capitalizing on Iran’s substantial wealth.
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War on Iran Ignites Long-Term Global Oil Instability
SHANA (Tehran) – The recent air strikes by the Zionist regime on Iran’s industrial centers, oil and gas facilities, and civilians have sent shockwaves through the global oil markets. The attacks led to a significant but short-lived increase in prices.
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War of Aggression on Iran and Global Energy Security
SHANA (Tehran) – Ever since the Zionist regime launched its invasion of Iran, energy has become a pivotal issue in international fora. Two key issues, energy price and energy security, were focused upon by the media, political elite, and economists due to Iran’s prominent role in energy production and exports and its strategic position in the Strait of Hormuz.
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Analysis of the War on Iran
SHANA (Tehran) –The 12-day war imposed by the Tel Aviv regime against Iran on 13 June 2025, targeting mainly nuclear and military installations in addition to infrastructure, constitutes one of the most complicated geopolitical crises of recent decades. Iran responded forcefully to the strikes. Although the United States initially refused to engage in the war, there was no doubt from the very beginning that it was the main ally of the Zionist regime in this crisis. That is why, when it was convinced that Iran had the upper hand on the battlefield, the US intervened and bombed Iranian nuclear facilities. It is highly significant to review the Zionist regime and the US objectives and scenarios in the war on Iran.
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Attack on the Heart of Energy Security
SHANA (Tehran) – Energy security scholarship has long recognized the interconnected nature of global energy systems (Yergin, 2006; Winzer, 2012). The concept encompasses not merely the availability of energy resources but also the stability of supply chains, market predictability, and the resilience of energy infrastructure. Climate policy literature similarly emphasizes the need for coordinated international action and stable investment environments to achieve decarbonization goals (IPCC, 2022).
Report
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$3.5bn Invested in Tehran Refinery Upgrading
SHANA (Tehran) - Tehran’s oil refinery is among the oldest and leading oil refining facilities in Iran. It is instrumental in producing vital fuels like gasoline, gasoil and jet fuel. With a refining capacity of 250,000 b/d of crude oil and enjoying a strategic location near Tehran, the facility has a major share in national energy supply. Upgrading the quality of petroleum products has been a priority of the Ministry of Petroleum under the 14th administration. That would require upgrading the refinery.
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Iran Oil Industry Unfazed by War
SHANA (Tehran) – Nearly four decades after the end of the imposed war on Iran, the Zionist regime, which has occupied Palestine, launched military strikes on Tehran and some other cities as well as Iran’s oil facilities in a flagrant violation of international law and national sovereignty of the Islamic Republic of Iran.