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Oil production, exports continuing under favorable conditions
SHANA (Tehran) – Iran’s oil minister said Wednesday the country’s crude production and exports are ongoing and stable, though he declined to provide specific figures.
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Petchem industry committed to meeting approved plans
SHANA (Tehran) – The planning and development director of the National Petrochemical Company (NPC) said the petrochemical sector remains firmly committed to its pre-approved goals and is seriously pursuing the implementation of its programs.
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Drilling fleet productivity nears 80%
SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) for drilling operations put the drilling fleet productivity at 78% and announced a 9.1% reduction in standby time during the first quarter of this year. He stated that these achievements were made possible through domestic capabilities, coordinated planning, and centralized management.
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Weekly natural gas consumption tops 4.2 bcm
SHANA (Tehran) – Iran consumed more than 4.2 billion cubic meters (bcm) of natural gas across three major sectors—power plants, large industries, and residential, commercial, and small industries—during the week ending July 11.
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Oil minister’s message after president’s visit:
Oil industry unity is key to overcoming crises
SHANA (Tehran) – The oil minister said the president’s visit to the Oil Ministry boosted the morale of petroleum industry workers. In a message, he thanked employees for their efforts during the days of the Zionist regime’s aggression, calling the solidarity of the oil industry’s workforce the key to overcoming crises.
تیتر دو
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Iran Heavy crude prices rise 9.2%
SHANA (Tehran) – The price of Iran Heavy crude oil increased by $5.88, or 9.2%, in June compared to May, according to the latest monthly OPEC report.
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Plan to boost daily crude oil production approved
SHANA (Tehran) – The National Development Fund’s investment in an emergency plan to increase crude oil production by 250,000 barrels per day was approved during a meeting of the Economic Council.
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Decoding the message behind the Pezeshkian’s Oil Ministry visit
SHANA (Tehran) - Masoud Pezeshkian’s first visit as president to the Ministry of Oil was not merely a ceremonial gesture but carried a clear and strategic message for the vast family of Iran’s oil industry—a message blending gratitude for their resilience during the toughest days and emphasizing the industry’s irreplaceable role in safeguarding national resilience, energy security, and the country’s economic strength.
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NIDC plans annual overhaul of seven rigs
SHANA (Tehran) — The National Iranian Drilling Company (NIDC) has developed a comprehensive annual plan to overhaul and modernize seven drilling rigs as part of a broader strategy to enhance technical and specialized services across the country’s onshore oil and gas fields, a senior official said.
Analysis
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Innovative EOR Potential in Iran
Enhanced Oil Recovery (EOR) techniques have become indispensable in the global oil industry, particularly as conventional oil reserves dwindle and the energy demand continues to rise.
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AI and Its Impact on the Energy Sector
Artificial Intelligence has emerged as an important technology that is transforming the energy sector in a way probably never been experienced before. Innovations in AI are taking place quite rapidly, and new horizons and changes are virtually on a daily basis. AI was earlier thought to have much to do with the renewable sources of energy, but in recent times, it is increasingly penetrating the conventional energy sector as well.
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Iran Shale Oil Recovery Know-how
SHANA (Tehran) –The Directorate of Exploration of the National Iranian Oil Company (NIOC) has embarked on centralized studies over recent years to explore unconventional resources.
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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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Report
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Oil Show Stimulates Optimism for Investment in Iran
SHANA (Tehran) - Amid ongoing diplomatic talks between Iran and the United States that are largely expected to end in sanctions lift, foreign companies are exploring opportunities for investment in Iran’s petroleum industry.
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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.