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Accelerating gas industry development: Focus on key projects and domestic capabilities
SHANA (Tehran) – The caretaker of Iran Gas Engineering and Development Company reported progress on key projects and plans to expedite their operation, stating that sanctions have led domestic manufacturers to focus more on their capabilities but emphasized the need to improve product quality.
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Gov’t advances major oil industry project with $17b gas pressure boost deal
SHANA (Tehran) – In the final days of the Iranian year 1403 (March 2025), the Oil Ministry signed nearly $17 billion in contracts with four domestic companies to build, install, and operate gas pressure booster platforms in the South Pars gas field—the world’s largest. This marks the first step in sustaining production and preventing a future gas crisis.
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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).
تیتر دو
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Significant price fluctuations in Iran’s oil over 1403
SHANA (Tehran) – An analysis of Iran’s crude oil prices in 1403 shows that while geopolitical and political events cause short-term price volatility, market factors—particularly supply and demand—remain the primary drivers of price changes.
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Average daily gasoline consumption exceeds 130m liters
SHANA (Tehran) – The average daily gasoline consumption in Iran reached 131.1 million liters between March 21 and April 2, according to the National Iranian Oil Products Distribution Company (NIOPDC).
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Iranian gas industry over the past year
SHANA (Tehran) – The gas industry experienced many ups and downs in the year 1403 (2024-2025), navigating challenges from supply to development.
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Iran’s Oil Ministry commits to strengthening global energy standing
SHANA (Tehran) – The 14th administration’s Oil Ministry has made significant progress in international energy organizations and forums, reinforcing energy diplomacy and advancing Iran’s position in global oil, gas, and energy markets. Its performance underscores its commitment to safeguarding national interests while enhancing international cooperation.
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.