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Analysis

  • Dialogue is central to OPEC’s objectives

    Dialogue is central to OPEC’s objectives

    SHANA (Tehran) – ‘Dialogue’ is an evocative word, one that has engaged some of civilization’s greatest minds. It has also been front and centre of OPEC’s objectives since the Organization was formed back in September 1960.

  • New Normal for Energy Investment in Persian Gulf

    Geopolitical Risk is no Longer an Exception:

    New Normal for Energy Investment in Persian Gulf

    SHANA (Tehran) - The disruption of maritime traffic through the Strait of Hormuz has altered the investment logic of energy projects across the Persian Gulf. Geopolitical risk is no longer treated as a remote event to be mentioned briefly in a force-majeure clause. It is increasingly incorporated into the base-case assumptions used by equity investors, commercial banks, export credit agencies, insurers, contractors and commodity buyers.

  • Why is the IEA questioning the reliability of Persian Gulf producers?

    Why is the IEA questioning the reliability of Persian Gulf producers?

    SHANA (Tehran) – In an interview with the newspaper, The National, on July 8, 2026, when talking about the Strait of Hormuz situation, Dr Fatih Birol, the Executive Director of the International Energy Agency (IEA), said that PersianGulf oil exporters “need to regain their reputation as reliable exporters.”

  • A responsibility-inspiring perspective

    A responsibility-inspiring perspective

    SHANA (Tehran) - Today, the Islamic Republic of Iran bids farewell to a Martyred Leader who devoted his life to the dignity of Islam, the independence of Iran, and the advancement of the Islamic Republic. Through tireless dedication, he charted a path of resistance, honor, and progress for the Iranian nation.

  • Iran’s oil industry in the post-agreement era

    Iran’s oil industry in the post-agreement era

    SHANA (Tehran) – With the signing of the agreement between Iran and the United States, and under the guidance and strategic vision outlined by the Leader of the Islamic Revolution, Iran is entering a new era of work, development and progress while remaining vigilant against the designs of its adversaries. The reality is that Iran’s oil industry learned and practiced self-reliance through the teachings of the late founder of the Islamic Republic, relying on domestic expertise, innovation and the capabilities of Iranian professionals. Today, the Leader of the Revolution has once again emphasized that same belief and approach.

  • OPEC: Obituary or reincarnation?

    OPEC: Obituary or reincarnation?

    SHANA (Tehran) – OPEC started back in 1960. Legend has it that five oil ministers showed up in Baghdad because they were fed up. Saudi Arabia, Iran, Iraq, Kuwait and Venezuela were all watching foreign oil companies set prices that barely covered their costs. The story goes that the oil they were selling was worth less than the tea on the table during the meeting.

Report

  • OPEC at 66: A chance to reconsider its historic role

    OPEC at 66: A chance to reconsider its historic role

    SHANA (Tehran) – As OPEC marks its 66th anniversary, it should use the occasion to review its past and reassess its future. Above all, the organization must become more cohesive internally if it is to preserve and strengthen its position and influence. Temporary political and bilateral differences among member states should not become international disputes within OPEC, allowing the organization to maintain and enhance its collective strength.

  • $3.5bn Invested in Tehran Refinery Upgrading

    $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.