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Paknejad calls for peaceful pathways in global energy
SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized that aggression against energy-producing countries violates international law and threatens global stability, stating that the energy industry—particularly oil—requires peace and stability to fulfill its role in enhancing prosperity at national, regional, and global levels.
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Gas consumption surges at power plants, hits 305 mcm in a single day
SHANA (Tehran) — Power plants in Iran consumed more than 2 billion cubic meters of natural gas last week, accounting for the largest share of the country’s total gas usage across three main sectors: power generation, major industries, and residential-commercial-minor industries.
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Iran ranks as OPEC's second-largest oil refiner
SHANA (Tehran) – With a refining capacity of 2.237 million barrels per day, Iran holds a 16% share of OPEC’s total refining capacity, making it the second-largest refiner among the organization’s member countries. Iran also accounts for 2.1% of global refining capacity.
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NIDC boosts local tech in oil drilling push
SHANA (Tehran) – The CEO of the National Iranian Drilling Company (NIDC) said one of the company’s strategic priorities in recent years has been the localization of key equipment and increasing the share of domestically manufactured components in drilling projects. A notable example is the construction of the third domestically built drilling rig, which resulted in savings of $7 million.
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Overhaul of 11 South Pars platforms completed
SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) stated that during the 12-day war, South Pars platforms continued operations uninterrupted. Alongside maintaining stable gas extraction, major overhauls proceeded as planned, with 11 platforms successfully completed so far.
تیتر دو
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Bulk of gas consumption in summer goes to power plants
SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) said that between 95% and 98% of Iran’s population has access to natural gas, adding that a significant portion of the country’s gas is used to fuel power plants during the summer.
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MP says US oil sanctions policy against Iran has failed
SHANA (Tehran) – The head of the Iranian Parliament’s Energy Committee said the US believes that by intensifying sanctions and imposing restrictions on individuals, entities and international companies, it can disrupt Iran’s oil sales and revenue. However, he stated, this policy has failed.
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Lawmaker praises fuel distribution during 12-day war
SHANA (Tehran) – The deputy head of parliament’s Special Committee for Production Boost described the performance of fuel distribution officials during the 12-day war imposed by the Zionist regime as satisfactory.
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Oil industry staff at the forefront of Iran’s economic resilience
SHANA (Tehran) – A member of the Iranian Parliament's Energy Committee praised oil industry workers for their unwavering efforts to protect vital energy infrastructure and maintain uninterrupted production during the 12-day war, calling it a testament to their deep commitment to the country and the Islamic Republic.
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.