Shana

Iran-Russia economic agreements enter implementation phase, Paknejad says

SHANA (Tehran) — Iran’s oil minister said agreements reached with Russia have entered the implementation phase following the conclusion of the 19th Iran-Russia Joint Economic Commission.

President: Iran-Russia economic cooperation pursued vigorously

SHANA (Tehran) – President Masoud Pezeshkian said Iran is determined to operationalize economic cooperation with Russia “with strength, speed and precision,” adding that implementation is advancing at a satisfactory pace across all agreed sectors.

Iran ready to attract FDI in oil, gas field development

SHANA (Tehran) – Iran is fully prepared to attract foreign investment in the development of its oil and gas fields, a senior Oil Ministry official said Wednesday.

Iran finalizes key terms for gas imports from Russia

SHANA (Tehran) – The CEO of the National Iranian Gas Company said technical, contractual and legal terms for importing gas from Russia have been finalized, adding that the imports will be carried out via a third country.

Paknejad: Daily gas production at South Pars hits record 730 mcm

SHANA (Tehran) – Iran’s oil minister said daily gas production at the South Pars joint field reached a record 730 million cubic meters, the highest level since the field began operations.

Minister:

Shift from agreements to implementation, outcome of 19th Iran-Russia commission

SHANA (Tehran) – Iran’s oil minister announced the signing of the final document of the 19th Iran-Russia Joint Economic Commission between Iran and Russia, emphasizing that the key achievement of the meeting was “a shift from agreements to implementation.”

Iran, Russia sign four cooperation pacts

SHANA (Tehran) – Iran and Russia signed four memorandums of understanding on the sidelines of the 19th Iran-Russia Joint Economic Commission.

MoU inked at 19th Iran-Russia Joint Commission

SHANA (Tehran) – A memorandum of understanding was signed at the 19th Iran-Russia Joint Economic Commission between the Islamic Republic of Iran and the Russian Federation, aimed at deepening bilateral cooperation and expanding ties across multiple sectors.

Russian energy minister emphasizes expanding economic cooperation with Iran

SHANA (Tehran) – Russia’s energy minister said a comprehensive agreement signed by the presidents of Iran and Russia, along with the outcomes of recent expert-level meetings, has paved the way for a new cooperation protocol and a fresh phase in ties between Tehran and Moscow.

Oil minister:

Iran-Russia engagement meaningful at critical juncture

SHANA (Tehran) – Oil Minister Mohsen Paknejad said cooperation between Iran and Russia is particularly significant given current international conditions.

Iranian oil minister meets Russian energy minister

SHANA (Tehran) — Iran’s oil minister met with Russia’s energy minister ahead of the 19th Joint Economic Cooperation Commission between the two countries in Tehran.

Economic alliance against sanctions: A historic opportunity for Iran, Russia

SHANA (Tehran) – The intensification of Western sanctions and shifting global power dynamics have opened a new phase in economic cooperation between the Islamic Republic of Iran and the Russian Federation, presenting a historic opportunity for both countries to expand their economies.

Iran, Russia to finalize six cooperation documents at joint commission

SHANA (Tehran) — Iran and Russia are set to finalize six separate cooperation documents following negotiations by 16 working groups during the first two days of the 19th Iran-Russia Joint Economic Commission, a senior Iranian oil official said Monday.

19th Iran-Russia Joint Commission to cement long-term ties

SHANA (Tehran) – Iran views the 19th meeting of the Iran-Russia Joint Economic Commission as an opportunity to turn understandings into executable projects and tangible results, a senior oil ministry official said Monday.

Iran, Russia aim for $20b in annual trade

SHANA (Tehran) — Iran and Russia are aiming to increase their annual bilateral trade to $20 billion, a senior Iranian oil ministry official said Monday, as the two countries opened a joint economic commission in Tehran.

Tehran and Moscow’s economic convergence;

A strategic partnership in emerging global order

SHANA (Tehran) – The Iran–Russia Joint Economic Commission, the most important official mechanism for expanding bilateral cooperation, has played a central role over the past two decades in strengthening economic, energy and trade relations between Tehran and Moscow. Amid geopolitical shifts and intensified Western sanctions, the commission has increasingly become a strategic platform for expanding long-term cooperation between the two countries.

Petchem industry invests to optimize power plant fuel consumption

SHANA (Tehran) – The CEO of the National Petrochemical Company said optimizing fuel consumption at power plants can improve petrochemical feedstock availability while boosting efficiency and reducing emissions. He added that petrochemical companies investing in such projects will benefit financially while delivering significant national economic gains.

Oil Ministry takes major step in APG recovery with private sector partnership

SHANA (Tehran) – The Oil Ministry’s simultaneous pursuit of large national projects and private sector capacity — backed by innovative contracts — has turned the long-standing ambition of flare and associated petroleum gas (APG) recovery into an achievable target.

19th Iran-Russia Joint Commission a milestone for expanding cooperation

SHANA (Tehran) – Oil Minister Mohsen Paknejad described the upcoming 19th meeting of the Iran-Russia Joint Economic Cooperation Commission as a key opportunity to deepen strategic ties between Tehran and Moscow.

NPC: Gov’t shifts petrochemical focus from capacity to value chain

SHANA (Tehran) — The petrochemical industry has entered a new phase of policy and implementation under Iran's 14th government, moving beyond the mere expansion of nominal capacity to focus on completing the value chain, increasing actual production, and boosting domestic value-added, according to the head of the National Petrochemical Company (NPC).

Sustainable fuel supply through higher output, demand management

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the refining industry under the 14th administration has reached stability after overcoming fuel imbalances and severe consumption pressures. He cited higher production, a halt to diesel imports, demand management, pipeline expansion and progress in quality-upgrade projects as the main drivers of the shift.

Over 301 bcm of sweet gas produced at South Pars

SHANA (Tehran) – The CEO of the South Pars Gas Complex said more than 301 billion cubic meters of sweet gas have been injected into the national gas network under the 14th administration.

Leap in Iran’s gas infrastructure since the Islamic Revolution

SHANA (Tehran) – Since the 1979 Islamic Revolution, the National Iranian Gas Company (NIGC) has played a central role in strengthening the country’s energy security through the expansion of gas production, transmission, distribution, storage and exports.

Public turnout at Islamic Revolution anniv. rally sends clear message to adversaries

SHANA (Tehran) – Oil Minister Mohsen Paknejad, marking the 47th anniversary of the Islamic Revolution, said public participation in the 22nd of Bahman (February 11) rally sends a clear message to Iran’s adversaries and stressed that the government is working to improve people’s livelihoods and economic conditions.

Iran’s petchem industry: 79 plants with 100m tons of nominal capacity

SHANA (Tehran) - Iran’s petrochemical industry, operating 79 production complexes, has reached a nominal production capacity of more than 100 million metric tons per year, emerging as one of the main pillars of the country’s non-oil economy. The expansion reflects years of investment in major petrochemical hubs and the gradual development of new industrial zones.

Private sector drives shift in upstream oil investment

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has launched a new approach to upstream oil and gas investment centered on private-sector participation, a senior official said.

Oil industry plays key role in countering external pressure

SHANA (Tehran) – Iran’s oil minister marked the 47th anniversary of the Islamic Revolution by stressing the need to preserve unity within the oil industry, strengthen domestic capabilities and make full use of human capital, saying the sector plays a central role in countering external pressure and boosting the country’s economic resilience.

Managing consumption averts $1b in diesel imports

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company said gas oil (diesel) consumption fell 4% in the year 1404, allowing the country to avoid imports after spending about $1 billion on gas oil imports last year.

Iran boosts gas output in northeast by 5 mcm per day

SHANA (Tehran) – The head of the National Iranian Oil Company announced the start of gas production from the Tous gas field in northeastern Iran, saying the project will add between 3 million and 5 million cubic meters of gas per day and help stabilize supply and pressure across five northern provinces.

Oil experts’ efforts under difficult conditions praised

SHANA (Tehran) – President Masoud Pezeshkian said revenues generated from collecting associated gas and reducing flaring should be spent on the development and prosperity of host regions, praising oil industry specialists for their efforts under difficult conditions.