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Caretaker oil minister calls for stronger regulatory role for NPC, fuller use of petchem capacity
SHANA (Tehran) – The caretaker oil minister has stressed the need to strengthen the sovereign role of the National Petrochemical Company (NPC), saying the petrochemical industry's capacities should be used to create jobs, raise production, generate revenue and bolster the national economy.
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Petchem industry investment hits $91.6b by end of 1404
SHANA (Tehran) – The managing director of the National Petrochemical Company (NPC) put cumulative investment in the petrochemical industry through the end of 1404 (March 2026) at $91.6 billion.
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Pezeshkian urges energy, transport links at CIS summit
SHANA (Tehran) — Iranian President Masoud Pezeshkian said Friday that the wide energy potential of countries in the region makes cooperation on oil, gas, electricity and clean energy a key way to strengthen economic ties and serve shared interests.
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Pezeshkian, Putin meet in Turkmenistan, pledge closer economic ties
SHANA (Tehran) – Iran's president and Russia's president met on the sidelines of the Commonwealth of Independent States summit and a Caspian Sea environmental meeting in Turkmenistan.
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Oil officials call for fuel decisions based on domestic capacity
SHANA (Tehran) – Caretaker oil minister has called for a comprehensive approach to fuel consumption management and stronger oil-product transportation infrastructure, stressing that the country should make strategic decisions based on its domestic capabilities.
تیتر دو
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MP stresses upkeep, upgrades at Kharg oil terminal
SHANA (Tehran) - The chair of the Parliament Article 90 Committee, touring the eastern jetty and crude storage tanks at the Kharg oil terminal, stressed keeping the loading jetties ready for operation, maintaining old and shared wells, and resolving the terminal's technical and infrastructure problems. The points underline how much oil export infrastructure depends on proper maintenance and upgrading.
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Iran plans winter measures to tackle energy imbalance
SHANA (Tehran) — Energy conservation and consumption management are the fastest ways to address energy imbalances, a lawmaker said, adding that real-time gas network monitoring and fuel storage for power plants are also essential to get through the winter.
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OPEC secretary-general congratulates caretaker oil minister
SHANA (Tehran) – OPEC Secretary-General Haitham Al Ghais congratulated Hamid Bovard on his appointment as caretaker minister of petroleum of the Islamic Republic of Iran, expressing the organization’s readiness to strengthen cooperation with Tehran.
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Lawmaker credits South Pars workers for gas capacity recovery
SHANA (Tehran) – The head of Parliament's Article 90 Committee credited the effort and sense of responsibility of South Pars workers for restoring gas production capacity.
Analysis
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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.
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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.
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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.”
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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.
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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.
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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
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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.
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$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.