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Paknejad says oil industry acts as pillar of Iran’s independence, resilience
SHANA (Tehran) – Mohsen Paknejad, Iran’s Minister of Oil, in a message marking the anniversary of the nationalization of the oil industry, stated that the oil sector stands as a steadfast pillar of the nation’s independence and a clear symbol of the Iranian people’s capabilities.
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Paknejad:
Winter fuel supply showcases magnificent collaboration in vast oil industry
SHANA (Tehran) – Oil Minister Mohsen Paknejad thanked all industry colleagues for their relentless, round-the-clock efforts to secure winter fuel supplies, stating: “What transpired was a display of magnificent collaboration, interaction, and tireless work across various managerial, operational, and administrative levels in the vast oil industry to meet the nation’s energy needs.”
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President calls for experts to address national deficits
SHANA (Tehran) - President Masoud Pezeshkian urged individuals with solutions to step forward and help resolve the country's imbalances in water, electricity, gas, and financial sectors.
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Minister:
Iran aims to collect 16 bcm of APG by end of Seventh Development Plan
SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad stated that burning associated petroleum gas (APG) signifies the waste of the country’s natural resources.
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NPC:
Strategic studies essential for petchem industry development
SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify target markets and identify opportunities and challenges for the development of Iran’s petrochemical industry over the next 20 years.
تیتر دو
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Over 136m liters of gasoline distributed across Iran on March 18
SHANA (Tehran) – The daily gasoline consumption in Iran reached over 136 million liters on Tuesday, March 18, 2025, as the country saw an increase in travel at the start of the Nowruz holiday season.
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Sepehr, Jufair fields crude production hits 64,000 barrels per day
SHANA (Tehran) – The CEO of Pasargad Exploration, Development, and Production Company announced that oil production from the Sepehr and Jufair fields increased to 64,000 barrels per day by the end of the Iranian year 1403 (March 2024).
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Jacket platform for Belal gas field installed in Persian Gulf
SHANA (Tehran) - The installation of the jacket platform for the development project of the shared Belal gas field, located in the reservoir block on the border between Iran and Qatar, has been successfully completed.
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Gov’t spox: Oil minister sanctions are illegal
SHANA (Tehran) – The government spokesperson, referring to the US action to sanction Iran's oil minister, stated that the "illegal sanctions" demonstrate that the oil minister has been performing his duties effectively.
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.
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65 oil, gas fields discovered in 45 years
SHANA (Tehran) - Iran sits atop the world’s largest oil and gas reserves combined, amounting to 1,200 billion barrels of oil equivalent (boe).