Shana

MoU inked to replace 20,000 gasoline-powered motorcycles with electric ones

SHANA (Tehran) – A memorandum of understanding was signed to replace 20,000 gasoline-powered motorcycles with electric ones in Tehran as part of efforts to promote clean transportation, reduce air pollution, and cut fuel consumption. The agreement was signed between the National Iranian Oil Refining and Distribution Company, executive agencies, and companies active in urban logistics.

Smart operators to begin work at Oil Ministry soon

SHANA (Tehran) – The deputy for policy and planning of ICT and digital economy development at the Ministry of Communications and Information Technology announced that necessary licenses have been issued to launch smart operators at the Ministry of Petroleum, with their operations set to begin soon.

Paknejad:

Oil Ministry gears up oil contract approvals

SHANA (Tehran) – Oil Minister Mohsen Paknejad said Friday that since the start of the current administration, a dedicated team at his ministry has worked to address delays in finalizing oil contracts, reducing the approval process from several years to about six months.

Oil Ministry focuses on boosting appeal for non-gov’t investors

SHANA (Tehran) – The deputy of engineering, research, and technology at Iran’s Oil Ministry highlighted the minister’s emphasis on expanding cooperation with the private sector, stating that the ministry’s new phase will focus on creating innovative economic models and enhancing investment opportunities for non-government players in the oil industry.

Caspian Sea drilling operations resume after 3-decade halt on oil minister’s orders

SHANA (Tehran) – Oil Minister Mohsen Paknejad ordered the restart of exploratory drilling operations in the shallow waters of the Caspian Sea, deploying the drilling rig of the Northern Drilling Company in the Rudsar structure in Block 18 at a water depth of 70 meters.

Iran ready to work with investors under any contract model

SHANA (Tehran) – The CEO of the National Iranian Oil Co. (NIOC) emphasized the importance of investment in research and development (R&D), stating, "We are ready to cooperate with thinkers, new technology-based firms, and investors under any contract model."

8% economic growth achievable through surge in oil industry investment

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that directing domestic investments toward the oil industry would stimulate other economic sectors, helping achieve the projected 8% growth target under the Seventh Development Plan.

Iran on track to become region’s largest oil industry operations hub

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) said Iran is on its way to becoming the largest operational hub for the oil industry in the region.

NIGC emphasizes expanding gas cooperation with Russia

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC), in a meeting with the head of the Russian Oil and Gas Industry Association on the sidelines of the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025), highlighted the capabilities of Iranian experts in the oil and gas sector and stressed the importance of increased engagement with Russian partners, calling for expanded bilateral cooperation.

Iran-Turkmenistan gas cooperation: A step toward regional trade

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) announced new measures by the company to facilitate international contracts, attract investment and develop gas relations with neighboring countries. He said gas cooperation between Iran and Turkmenistan will pave the way for regional gas trade.

RIPI, Chinese firm sign coal-to-gas memorandum

SHANA (Tehran) – The Research Institute of Petroleum Industry (RIPI) and China’s Keyon Company signed a cooperation agreement to convert coal into natural gas.

Increased use of Iranian-made equipment in petchem projects

SHANA (Tehran) – The deputy oil minister for petrochemical affairs emphasized support for domestically manufactured equipment and prioritizing its procurement, stating that the use of local equipment in petrochemical development projects will rise from about 75% to approximately 80%.

Energy optimization in Oil Ministry buildings started

SHANA (Tehran) – The memorandum of energy optimization in the buildings of the Oil Ministry is signed by the planning deputy of the ministry and the Oil Industry Research and Technology Fund.

Expanding oil export chain requires investment: IOTC

SHANA (Tehran) – The CEO of Iranian Oil Terminals Company (IOTC) emphasized the company's vital role in the oil export chain and invited domestic and foreign investors to participate in developing strategic infrastructure.

Iran aims to leverage legal, technological capacity in oil industry

SHANA (Tehran) -- The deputy oil minister for engineering, research and technology underscored the need to fully utilize legal and technological capacity to drive the country’s oil sector forward, expressing hope it would yield results in the coming year.

Iran’s oil industry stands firm despite sanctions, pressure

SHANA (Tehran) – The oil minister advisor who heads the ministerial office emphasized that the oil industry is at the forefront of countering sanctions, stating that the key message of Iran Oil Show 2025 under sanctions is the sector’s resilience despite pressures, threats and restrictions.

Outstanding performance made by Oil Ministry in contracts on first-time production

SHANA (Tehran) – The vice president for science, technology and knowledge-based economy said the Oil Ministry has had the most outstanding performance in first-time contracts, adding: "We urge other ministries to also utilize the potential of first-time contracts. Undoubtedly, this is a major development for the country and new technology-based firms (NTBFs)."

Technological cooperation of refinement industry will be further developed

SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) signed a memorandum of understanding with the Presidential Deputy for Science and Technology with the aim of synergy in the present capacities, meeting its major needs and developing knowledge-based economy.

Investment in oil industry will result in increased income: MP

SHANA (Tehran) – A member of the presiding board of Parliament said: fortunately, Minister Paknejad has suitable plans for the oil industrie’s development of the country. While referring to hopeful messaging behind the oil ministers’ sayings related to the oil industry.

Iran’s first digital refinery to open in Qeshm

SHANA (Tehran) – The vice president for science, technology, and knowledge-based economy announced that Iran’s first digital refinery will be launched in Qeshm by 1405, coinciding with Iran Oil Show 2026.