• Global Rivalry over Shale Oil/Gas

    Global Rivalry over Shale Oil/Gas

    TEHRAN (Shana) -- Shale oil and gas market has been gathering steam across the globe over the past decade. Many countries, particularly the United States, have developed new technologies to produce and process shale oil and gas.

  • Startups, New Energy Business Sector

    Startups, New Energy Business Sector

    TEHRAN (Shana) -- A new business sector is emerging in Iran’s petroleum industry. Several years after the formation of knowledge-based companies in this vital sector, it is now oil startups’ turn. The startups are expected to develop creative ideas with a view to reducing production costs and boosting productivity in the petroleum industry.

  • Interaction with Iran Benefits Foreign Firms

    Interaction with Iran Benefits Foreign Firms

    TEHRAN (Shana) -- Iran sits atop the world’s largest hydrocarbon reserves and is located on the energy corridor route. However, in the aftermath of the 1979 Islamic Revolution, the United States has been using every tool at its disposal to keep Iran from becoming a key energy player.

  • Iran Gas Transmission Matures

    Iran Gas Transmission Matures

    TEHRAN (Shana) -- Iran's gas treatment capacity is set to exceed 1 bcm/d by the end of the current year. According to plans, gas supply to cities and villages is planned to hit 100% in three years. Every year, over 3,000 villages are connected to the natural gas network, a breakthrough experienced in no other country. Along with the development of its domestic network, Iran has been seriously working on gas export projects like the Iran Gas Trunkline 9 (IGAT9) and IGAT6. The country has a long-term plan to win an 18% share in global gas trading.

  • US Oil Output Hike, Challenge to Mideast

    US Oil Output Hike, Challenge to Mideast

    TEHRAN (Shana) -- US President Donald Trump’s energy policy has had significant impacts on global markets. Under his administration, the United States has managed to increase its oil production to levels exceeding leading producers Russia and Saudi Arabia.

  • Iran Oil Refining Capacity to Reach 2.4 mbd by March

    Iran Oil Refining Capacity to Reach 2.4 mbd by March

    TEHRAN (Shana) -- Plans are under way to bring Iran’s oil refining capacity to 2.4 million barrels per day by the end of the current Iranian calendar year to March 20, 2020.

  • Russia-Korea-Oil Triangle to Defeat US

    Russia-Korea-Oil Triangle to Defeat US

    TEHRAN (Shana) -- North Korean leader Kim Jong-un’s visit to Russia was significant on several fronts. Some had laid emphasis on the political aspects of this visit and its impact on future talks between North Korea and the United States. Some others mainly focused on Russia-North Korea ties and looked into their political and economic aspects.

  • Threat to Iran Would Jeopardize Energy Security

    Threat to Iran Would Jeopardize Energy Security

    TEHRAN (Shana) -- The world oil market is highly dynamic. Over recent months, this dynamism has picked up speed due to ongoing geopolitical events in the oil sector. The Trump administration has imposed sanctions on Iran’s petroleum sector in a bid to zero the country’s oil exports and drive Iran and even the Organization of the Petroleum Exporting Countries (OPEC) out of the oil market. The dependence of nations on oil carries one single message: Threatening Iran, which sits atop the world’s largest oil and gas reserves, will jeopardize the energy security.

  • Investment Potential in Ahvaz Field

    Investment Potential in Ahvaz Field

    TEHRAN (Shana) -- Iran sits atop 10% of oil reserves in the world, thereby becoming the fourth largest holder of crude oil deposits in the world. Due to a variety of reasons, Iran has so far tapped not more than 20% of its reserves with the rest remaining intact.