Shana

Do’s and don’ts of attracting investment in oil industry

SHANA (Tehran) – Former CEO of Petroleum Engineering and Development Company (PEDEC) believes to attract investors in the oil industry, we must diversify long-term contracts, increase their operational flexibility, and remove obstacles.

Iran's oil production up by 12,000 bpd in March, OPEC reports

SHANA (Tehran) - According to OPEC's latest monthly report, Iran's crude oil production increased by 12,000 barrels per day (bpd) in March, reaching 3.335 million bpd. 

Paknejad:

Iraqi fields to supply feed for Iran’s NGL units

SHANA (Tehran) – Iran’s oil minister announced the signing of a memorandum of understanding to transfer feed for domestic natural gas liquids (NGL) units from fields near the Iran-Iraq border into the country.

Constructive reforms, investment opportunities pave way for oil industry growth

SHANA (Tehran) – The former head of international affairs at the National Iranian Oil Company (NIOC) stated that introducing investment opportunities alongside constructive reforms can enhance success in attracting capital, adding that this approach fosters sustainable growth in the oil industry.

Iran, Iraq ink MoUs to enhance joint cooperation

SHANA (Tehran) – Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad, received Iranian Oil Minister Mohsen Paknejad on Monday. During the meeting, prospects for joint cooperation between the two countries were discussed.

Oil: A low-risk, high-return sector for investors

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) described investment in the oil industry as a prime opportunity for economic stakeholders, saying, "Lower risk and higher returns have made oil sector investments a lucrative prospect."

NIOPDC enjoys 16,000 road tankers in service; fleet stretches 176 kilometers

SHANA (Tehran) – The National Iranian Oil Products Distribution Company (NIOPDC) operates approximately 16,000 road tankers and 2,635 rail tankers. The company's road fleet, if lined up, would stretch about 176 kilometers—equivalent to the distance between Tehran and Amol or Chalus.

Head of judiciary highlights forex savings through sustainable production

SHANA (Tehran) – During a visit to Hegmataneh Petrochemical in Hamedan on Monday, Judiciary Chief Gholamhossein Mohseni-Ejei emphasized the importance of reviving production units across the country, particularly this year, which has been designated as the "Year of Investment in Production."

Ninth well drilled in Kish Gas Field development project

SHANA (Tehran) – The operator of the Kish Gas Field development project announced the completion of drilling the ninth well, stating that the upstream section of the project has now achieved the capacity to produce 18 million cubic meters of gas per day.

Iran’s oil minister arrives in Baghdad

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad arrived in Baghdad on a two-day visit to discuss expanding energy cooperation between Iran and Iraq.

First VP honors female fuel delivery drivers

SHANA (Tehran) - Two female tanker drivers from Semnan and Fars provinces were recognized as top fuel distributors by National Iranian Oil Products Distribution Company in a ceremony attended by the first vice president.  

NIOC invites ambassadors to participate in Iran Oil Show

SHANA (Tehran) — The head of public relations for the National Iranian Oil Company invited foreign ambassadors to take part in the 29th Iran International Oil, Gas, Refining, and Petrochemical Exhibition, urging them to encourage businesses and industrialists from their countries to attend.

Oil industry seeks reinvention through investment, technology 

SHANA (Tehran) - The deputy investment manager of the National Iranian Oil Company outlined strategic measures to strengthen Iran’s global position in the oil and gas sector, stating: "We aim to reinvent upstream operations through advanced technology, sustainable approaches and foreign direct investment.”

Iran Oil Show: A golden opportunity for int’l cooperation

SHANA (Tehran) – The deputy minister of international affairs and commerce for Iran’s oil minister emphasized the importance of energy diplomacy, stating that the upcoming Tehran International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show) offers unparalleled opportunities to expand global cooperation in the industry.

Lawmaker calls for solving energy imbalance through investment in oil industry

SHANA (Tehran) – A member of Iran’s Parliamentary Committee for Industries and Mines said attracting investment in the upstream oil and gas sector is an effective solution to address the country’s energy imbalance crisis.

Investment in oil, gas industry essential: MP

SHANA (Tehran) – The head of the Iranian Parliament’s Oil, Gas, and Petrochemical Industries Monitoring Committee emphasized the need to attract investment in the upstream oil and gas sector to ensure a stable supply of feedstock for downstream industries.

Triple proposal to attract oil giants: Reform, revision, diplomacy

SHANA (Tehran) – A former deputy international affairs minister at Iran’s Oil Ministry stated that domestic resources alone cannot meet the developmental needs of the oil industry, proposing three key measures: reforming decision-making structures, revising contractual models, and a strategic return to diplomatic engagement to facilitate the entry of major global oil companies into Iran’s energy sector.

ICOFC says investment opportunities worth $9b up for grab

SHANA (Tehran) – The CEO of the Iranian Central Oil Fields Company (ICOFC) said the company has prepared 11 investment packages worth approximately $9 billion to develop gas fields. Once operational, these projects will increase the country's daily gas production capacity by 100 to 140 million cubic meters.

West Karoun Power Plant injects 200 MW into national grid

SHANA (Tehran) - The director of the West Karoun Power Plant construction project and its ancillary facilities said the plant’s units are injecting more than 200 megawatts of electricity into the national grid.  

Tax incentives key to attracting investors, lawmaker says

SHANA (Tehran) — Tax and export incentives for investors are a vital step in transforming the oil industry and attracting foreign and domestic investment, said Reza Sepahvand, a member of Parliament's Energy Committee.  

Dehshir Gas Booster Station begins operations

SHANA (Tehran) - The caretaker of Iran Gas Engineering and Development Company announced the launch of the Shahid Qorbani-Motlaq (Dehshir) gas booster station in Yazd Province after the completion of a 72-hour test of its two main units.  

Iranian oil minister to visit Iraq

SHANA (Tehran) - Iran’s Oil Minister Mohsen Paknejad announced he will travel to Iraq in the coming days, highlighting strong bilateral relations and cooperation in various fields, particularly in the oil industry and joint energy projects.  

POGC head calls attractive contract models, key to oil investment

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) said identifying opportunities, outlining investment risks, and enhancing the appeal of contract models are the most important factors in attracting investment to the oil industry.

Overhauling begins at South Pars Gas Refinery 9

SHANA (Tehran) – The manager of Refinery 9 at the South Pars Gas Complex announced the start of its major maintenance operation, aimed at ensuring sustained gas production and improving product quality. The 13-day operation began on April 7.

Oil Ministry official calls for urgent reforms to optimize energy use

Incorrect competition in energy production, consumption must stop

SHANA (Tehran) – The assistant to Iran’s oil minister for energy optimization said the country is facing a "wrong competition" in energy production and consumption that must be stopped.

NIORDC on track of reform: From imbalances to unfinished projects

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) outlined the company’s key initiatives for the Iranian year 1403 and upcoming plans for 1404, including completing unfinished projects, reducing fuel smuggling, and increasing production of petroleum products.

Arvandan Oil & Gas Company explores tech coop with Russian firm

SHANA (Tehran) – A joint meeting between executives from Arvandan Oil and Gas Company and a leading Russian firm was held to discuss technological needs and exchange expertise in advanced energy solutions.

MPs visit fuel supply controls at Rey Oil Depot

SHANA (Tehran) – The head and members of the Energy Committee, along with several Parliament members, visited the Rey oil storage facilities on Thursday, to inspect fuel distribution operations.

Oil Ministry boosts gas supply to industries, delivers 6.5 bcm in 18 days

SHANA (Tehran) - Gas delivery to Iran’s industrial sectors increased in Farvardin 1404 (March 21–April 7, 2025) after successfully overcoming winter shortages and supply constraints. This marks a strong start for the production sector in the "Year of Investment for Production," as declared by the country’s leadership.