Shana

Early fulfillment of production targets achieved in three western oil fields

SHANA (Tehran) – The executor of the development plan for the Cheshmeh-Khosh, Dalpari, and Paydar Sharq oil fields announced that these three fields achieved their annual production targets in 2024, even exceeding the planned ceiling—a success that boosted the project’s revenue by over $200 million.

NIOC shifts approach to attracting domestic, int’l investors

SHANA (Tehran) – The head of investment opportunity identification and development at National Iranian Oil Company (NIOC) said the company has changed its approach to offering investment opportunities, emphasizing a new strategy to build mutual trust with investors through incentives.

Strong parliamentary support for oil industry investment

SHANA (Tehran) – A member of the Iranian Parliament's Energy Committee said the legislature is focused on enhancing investment appeal in various economic sectors, particularly the oil industry.

PBO: New Economic council measure accelerates oil investment attraction

SHANA (Tehran) – The head of Iran’s Plan and Budget Organization highlighted the country’s geopolitical, historical, and human resource capacities, noting key government steps to revive investment appeal in the strategic oil industry. These include raising project return rates to 23%, allowing investors to benefit from excess earnings, and speeding up contractual processes.

NIOC:

Oil industry contract terms reduced to six months

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced a recent decision by the Economic Council to reduce the maximum duration of oil industry contracts to six months.

Oil Ministry has plans for any scenario: Paknejad

SHANA (Tehran) - Iran’s oil and gas industry has always been—and remains—an attractive sector for international investors due to its high return on investment, Oil Minister Mohsen Paknejad said Tuesday.  

Iran has no restrictions on cooperation with foreign investors 

SHANA (Tehran) – Iran’s oil minister emphasized that the country has no restrictions on working with foreign investors, stating that achieving the goals of Iran’s oil industry requires investment.

Launch of financing framework for upstream oil, gas contracts

SHANA (Tehran) – The financing framework for upstream oil and gas contracts and the first payment commitment certificate in this sector were unveiled in a ceremony attended by the oil minister.

Targeted 6.5 mbd of oil production capacity is realistic, official says

SHANA (Tehran) – Head of Economic Department of the Leader's Office Ali Aqa-Mohammadi emphasized that Iran’s 6.5 million-barrel oil production capacity is realistic, stating that it is the result of three years of field and technical studies on oil reserves. With the government’s executive determination, this capacity has now been incorporated into an action plan.

Iran ready to attract major oil, gas investors with innovative models

SHANA (Tehran) – First Vice President Mohammadreza Aref announced that the Islamic Republic of Iran is prepared to offer attractive investment packages and innovative partnership models to facilitate the entry of major investors into large-scale oil and gas projects.

'Beta' financing package in Iran’s oil industry unveiled

SHANA (Tehran) – The "Beta" financing package ("Be Tavan-e Iran" or "With Iran's Power") was unveiled Tuesday, April 22, at an event focused on investment and development in Iran's upstream oil and gas sector. The ceremony was attended by First Vice President Mohammadreza Aref and Oil Minister Mohsen Paknejad.

Paknejad:

Oil Ministry ready to discuss contract terms with private sector

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized the need for national synergy to achieve the year’s economic goals, announcing over 200 investment opportunities, new incentive packages, financing solutions, and the launch of an Oil Guarantee Fund to support investors in the strategic oil industry. He stated: "We are ready to negotiate with the private sector on various contract models."

Iran’s oil opportunities: Targeting a 7.7-million-barrel increase in oil storage capacity

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has plans to boost the country’s crude oil storage capacity by 7.7 million barrels by introducing five projects at the "Transformation in Investment and Development in Iran’s Upstream Oil and Gas" event.

Iran’s oil opportunities: Power generation, transmission

SHANA (Tehran) – Iran faces growing energy imbalances, with natural gas shortages in winter and electricity shortages in summer.

Iran’s oil opportunities: Water desalination projects

SHANA (Tehran) – Water desalination in the oil industry serves two main purposes: meeting the sector's water needs and fulfilling social responsibilities. Now, three new desalination projects with a total daily capacity of 13,600 cubic meters will be introduced to investors at Iran’s Upstream Oil and Gas Investment and Development Transformation Event.

Iran’s oil opportunities: Natural gas liquids

SHANA (Tehran) – Natural gas liquids (NGLs) have recently become one of Iran’s top non-oil exports, according to official statistics. However, the country has far greater potential in this sector, and with new investments, it can secure a larger share of the global NGL market.

Abadan Refinery producing fuel for light aircraft

SHANA (Tehran) – The CEO of Abadan Oil Refining Company announced the production of fuel for light aircraft using a new formulation at the refinery. Fardin Rashidi stated that the product is sulfur-free and of significantly higher quality than previous fuels.

Iran’s oil opportunities: LNG development

SHANA (Tehran) – One of the investment opportunities introduced by the National Iranian Oil Company (NIOC) at the Transformation in Investment and Upstream Oil and Gas Development event is liquefied natural gas (LNG) development.

Iran Oil Show 2025 to focus on investment

SHANA (Tehran) – The poster for the 29th International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show 2025) was unveiled with the slogan "Investment in the Oil Industry Ensures Economic Growth and Development."

Iran’s oil opportunities: Gas sweetening

SHANA (Tehran) – One of the most attractive investment opportunities in Iran’s oil and gas industry is gas sweetening, which offers significant benefits, including: - Boosting GDP and foreign currency earnings - Reducing emissions and environmental impact - Helping address gas supply shortages

Developing growth-oriented approach in oil, gas industry

SHANA (Tehran) – The CEO of Pasargad Exploration, Development and Production Company emphasized the importance of fostering a growth-oriented approach in oil and gas field operations, stating that institutionalizing this mindset across government bodies and industry players would optimize resource use, improve critical infrastructure, and boost economic prosperity.

MP:

Investment in oil key to turning potential into national wealth

SHANA (Tehran) – A member of Iran's Parliamentary Industries and Mines Committee said the country’s oil and gas sector holds immense potential, which – if managed properly – could generate significant added value for the nation.

Iran’s oil opportunities: Rapid-deployment skid-mounted units for crude processing

SHANA (Tehran) – Projects using skid-mounted equipment to speed up crude oil processing will be introduced at the "Transformation in Investment and Upstream Oil Industry Development" event, highlighting the efforts of the National Iranian South Oil Company.

Iran’s oil opportunities: Gas pressure boosting stations

SHANA (Tehran) – Five sour gas pressure boosting station projects, aimed at collecting, pressurizing and transferring up to 108 million cubic meters per day of associated gas, will be introduced to investors at the Transformation in Investment and Development in Iran’s Upstream Oil and Gas event.

16 specialized sessions to be held at Oil Industry Investment Transformation Event

SHANA (Tehran) – Amir Moqiseh, investment and business development manager at the National Iranian Oil Company (NIOC), said 16 specialized sessions will be held at the Investment and Development Transformation Event in Iran’s upstream oil and gas sector.

Iran's oil opportunities: Smart pigging as a step toward safety, sustainability 

SHANA (Tehran) - The National Iranian Oil Company (NIOC) has plans to introduce a new project to develop smart pigging technology, creating fresh opportunities for domestic and foreign investors in the oil and gas sector. 

Support for investors 'will transform Iranian oil industry'

SHANA (Tehran) – The former CEO of the National Iranian Tanker Company (NITC) emphasized the need to support Iranian investors in the oil and gas sector, stating that ensuring the welfare of the public is only possible through effective backing of investors, particularly domestic investors and Iranians living abroad.

Iran oil opportunities: Support projects in strategic regions

SHANA (Tehran) – The National Iranian Oil Company (NIOC) will unveil a comprehensive plan to invest in support projects aimed at developing oil industry infrastructure and bolstering related operations. These projects involve activities by the Caspian Oil Company, Iran Offshore Oil Co., Iranian Oil Terminals Company, and the Pars and Lavan special economic zones.

Redefining oil contracts: An endless battle amid sanctions

SHANA (Tehran) – Iran’s oil industry, grappling with sanctions and regional competition, is redefining its contracts to boost appeal and attract investors—a shift that could free the sector from constraints and open new avenues for international cooperation.

Iran’s oil Opportunities: 15 energy optimization projects to be launched

SHANA (Tehran) – The National Iranian Oil Company has introduced 15 major energy optimization projects in the industrial, construction and transportation sectors to attract investment as part of its broader goal to reduce energy consumption. These projects present diverse opportunities for domestic and foreign private sector participation.