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Cease-fire brings calm to oil market amid complex outlook

SHANA (Tehran) - A spokesperson for Iran’s Union of Exporters of Oil, Gas, and Petrochemical Products stated that the oil market is simultaneously influenced by fundamental factors, countries’ economic conditions, and political developments.
No disruptions to Iran’s oil exports, Paknejad says

SHANA (Tehran) – Oil Minister Mohsen Paknejad said Wednesday that Iran’s oil exports are continuing unchanged in volume and terms, adding, “At present, we have no concerns in this regard.”
Resilience during the 12-day war:

From daily distribution of 200m liters of gasoline to sustained production

SHANA (Tehran) – For 12 days, as Iran faced attacks from the Zionist regime and an imposed war, the oil industry operated seamlessly—unshaken and unwavering. It stood firm, ensuring no home was left without power and no fuel shortages disrupted the nation.
Fuel supply network stability achieved through efforts of 160,000-person chain

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) highlighted the smart strategies and round-the-clock efforts of 160,000 operational personnel in the fuel supply and distribution chain to maintain the stability of the country’s fuel network during the imposed war with the Zionist regime.
Oil Ministry shows remarkable resilience amid 50% surge in gasoline demand

SHANA (Tehran) – The spokesperson for Fuel Stations Union of Iran reported a more than 50% increase in average gasoline consumption during the 12-day war with Israel, calling fuel distribution resilience a "significant challenge."

تیتر دو

Milestone 60th Edition of OPEC's Annual Statistical Bulletin (ASB- 2025) launched

SHANA (Tehran) - The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical Bulletin (ASB) on Wednesday, July 2 2025, at the OPEC Secretariat in Vienna, Austria.
Iran’s economic sector effectively handled wartime pressures

SHANA (Tehran) – Iran’s first vice president said that on the first day of the 12-day war, gasoline consumption exceeded production by 80 million liters, but the situation was managed effectively due to collective efforts on the economic front, with the oil industry performing notably well during the crisis.
Convergence, collaboration key to sustainable production in petchem industry

SHANA (Tehran) – The CEO of National Petrochemical Company (NPC) emphasized that cooperation among petrochemical holdings and companies, along with the implementation of NPC’s approved programs during the 12-day imposed war, helped achieve planned objectives in emergency management.
Oil industry’s performance during war exemplified crisis management

SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee described the oil industry’s performance during the 12-day war with the Zionist regime as a prime example of infrastructure resilience, centralized command and organizational cohesion.

Analysis

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.
2025-06-07 15:20
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.
2025-06-07 15:01
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.
2025-05-21 09:21
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.
2025-05-14 13:36
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.
2025-05-14 13:32
Energy Economics and Energy Security

2025-04-21 11:30

Report

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.
2025-06-01 11:36
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.
2025-05-05 14:32
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.
2025-05-05 14:30
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.
2025-04-19 16:23
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.
2025-04-19 16:21
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.
2025-04-16 12:50