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Analysis

  • Constructive Interaction of Holders of 460 bb of World Oil Reserves

    Constructive Interaction of Holders of 460 bb of World Oil Reserves

    TEHRAN (Shana) -- The presidents of Iran and Venezuela, as holders of more than 460 billion barrels of crude oil reserves, formally held talks in Tehran on Saturday, June 11, and signed a 20-year cooperation document.

  • Investment decline Biggest Risk to Gas Market

    Investment decline Biggest Risk to Gas Market

    TEHRAN (Shana) – The Secretary General of the Gas Exporting Countries Forum believes that the biggest threat for the gas market is investment decline, saying: "Since 2014, we have seen a series of reasons including low natural gas prices, a misleading narrative about the incompatibility of natural gas with climate change and environmental pressures have reduced investment in the gas industry.”

  • Iran’s Energy Diplomacy in Latin America

    Iran’s Energy Diplomacy in Latin America

    TEHRAN (Shana) -- Growing demand for energy has intensified international rivalry over access to energy resources. Therefore, various nations are trying their best to adopt an effective and efficient energy diplomacy in a bid to guaranteeing safe access to these vitally important resources.

  • Gray Shadow of Energy Security

    Gray Shadow of Energy Security

    TEHRAN (Shana) -- The energy market has seen many fluctuations over recent months. The latest lockdowns in China are causing significant demand destruction and adding downward pressure on oil prices, reduction of gas storage in Europe and finally the tension between Russia and Ukraine complicated part of energy marketpuzzle, such a wonderful life!

  • Can We Halve Greenhouse Emissions by 2030?

    Can We Halve Greenhouse Emissions by 2030?

    TEHRAN (Shana) -- The 14th meeting of Working Group III (WGIII-14) of the Intergovernmental Panel on Climate Change (IPCC) concluded its two-week work (starting March 21) so that delegates and scientists would convene virtually on April 4 to officially adopt the summary for policymakers (SPM) of the 6th assessment report (AR6).

  • Over 80% of Oil Industry Equipment Locally Sourced

    Over 80% of Oil Industry Equipment Locally Sourced

    TEHRAN (Shana) -- The chairman of Board of Directors of Society of Iranian Petroleum Industry Equipment Manufacturers (SIPIEM), Ehsan Saqafi, says more than 80% of equipment needed by the petroleum industry is domestically manufactured. In an interview with” Iran Petroleum”, he said that 14-15% of the remaining 20% was not cost-effective to be produced domestically while for 5-6%, the necessary technology is not available.

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  • NISOC Eyes PDC Technology

    NISOC Eyes PDC Technology

    TEHRAN (Shana) -- Enhanced oil recovery (EOR) requires application of modern technologies. Although Iran's oil industry has faced sanctions in recent years and has been prevented from having access to many of these technologies, Iranian oil companies are seeking technical knowhow through cooperation with international companies or Iranian universities. The head of R&T division of National Iranian South Oil Company (NISOC), Mohammad Golestan-Bagh, tells Iran Petroleum that efforts are under way to develop knowhow for the manufacturing of polycrystalline diamond compact (PDC) bits.

  • Energy Diplomacy from Neighboring Countries to Latin America

    Energy Diplomacy from Neighboring Countries to Latin America

    TEHRAN (Shana) -- Energy diplomacy in the 13th administration is going through novel days. While it is less than a year old, the administration of President Raisi has seen major developments in the energy arena.