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Tehran, Kabul pledge closer collaboration on energy projects
SHANA (Tehran) – Iran’s oil minister and Afghanistan’s minister of mines and petroleum stressed the need to expand bilateral cooperation in oil and gas, discussing ways to enhance collaboration.
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Iran, Turkmenistan move to deepen gas cooperation
SHANA (Tehran) – Iran’s oil minister and Turkmenistan’s foreign minister emphasized expanding bilateral cooperation in oil and gas, reviewing avenues for enhanced collaboration.
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Power sector’s gas demand complicates overhaul work in hot season
SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) said energy imbalances have worsened compared to previous years, and gas consumption remains high during hot months due to electricity generation needs.
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Parts of subsidies given to diesel fuel consumers removed
Iran keeps monthly quota diesel price steady for commercial vehicles
SHANA (Tehran) - The CEO of National Iranian Oil Products Distribution Company (NIOPDC) emphasized that the subsidized diesel fuel quota price for urban and intercity transport fleets with verified performance will remain unchanged, stating it will stay at 300 tomans per liter.
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Major oil, petchem projects to launch monthly: Paknejad
SHANA (Tehran) - Oil Minister Mohsen Paknejad announced at a cabinet meeting Sunday that one major oil or petrochemical project will begin operations each month from late May through the end of the year.
تیتر دو
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Overhaul of South Pars Phase 14 gas platforms completed
SHANA (Tehran) – The production and operations manager of Pars Oil and Gas Company (POGC) announced the completion of the overhaul of the South Pars Phase 14 gas platforms and their return to operation.
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Parliament seeks to remove barriers to investment in oil industry
SHANA (Tehran) – The head of the Energy Committee in Parliament emphasized the need to streamline regulations to attract investment in the oil and gas industry, stating that Parliament is seriously focused on investment and will provide both legal and operational support.
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$87b Investment in Petchem Sector
SHANA (Tehran) – Iran’s petrochemical production capacity is close to 100 mt/y, which is expected to increase in line with the objectives of the 7th National Economic Development Plan and under the aegis of arrangements made by the National Petrochemical Company (NPC).
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Tax incentives for AI development in petchem industry
SHANA (Tehran) – The advisor to the CEO of the National Petrochemical Company (NPC) announced efforts to create a data lake to leverage artificial intelligence capabilities in the petrochemical industry, adding that tax incentives have been proposed to accelerate the process.
Analysis
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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.
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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.
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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.
Report
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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.
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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.
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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.
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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.
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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.
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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.