Shana

Key role of PRs in highlighting economic successes

SHANA (Tehran) – The CEO of the National Iranian Gas Company emphasized that the duty of public relations (PR) departments is to effectively showcase the efforts of the country's economic sector workers through various mechanisms and modern tools, such as artificial intelligence and digital platforms.

Persian Gulf Star Refinery increases production capacity by 3m liters

SHANA (Tehran) – The CEO of Persian Gulf Star Oil Company announced a 3 million-liter increase in gasoline production capacity at the world’s largest gas condensate refinery. The expansion follows major overhauls in the Phase 2 gasoline production unit and the installation of a new heat exchanger, set for completion in the Iranian calendar year 1404 (2025-26).

Ten-part incentive package for oil industry investment unveiled

SHANA (Tehran) – A 10-part incentive package for investment and development in Iran’s upstream oil and gas sector was unveiled Tuesday during the Transformation in Investment and Development in Iran’s Upstream Oil and Gas event, attended by Oil Minister Mohsen Paknejad.

8% economic growth requires investment in oil industry

SHANA (Tehran) – Iran’s first vice president said achieving 8% economic growth requires serious and extensive investment, adding that efforts—particularly in the oil and gas sector—have paved the way for further investment.

PR departments need to be equipped with modern tools

SHANA (Tehran) – The director-general of public relations for the Ministry of Petroleum emphasized the critical role of PR departments in managing public opinion and promoting efficient consumption, calling for creative and targeted content production and cultural campaigns.

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.

Non-governmental Oil Industry Guarantee Fund unveiled

SHANA (Tehran) – The Non-Governmental Oil Industry Guarantee Fund was unveiled Tuesday with a registered capital of €300 million in the presence of Oil Minister Mohsen Paknejad.

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.

Persian Gulf Petrochemical Industries plans 5,000 MW solar power production

SHANA (Tehran) – The CEO of Persian Gulf Renewable Energy Development Company announced plans to build 5,000 megawatts of solar power plants within the Iranian public holding company, Persian Gulf Petrochemical Industries.

PBO: Addressing energy deficit on gov’t agenda

SHANA (Tehran) – The head of the Plan and Budget Organization (PBO) said forming an Energy Consumption Management Optimization Organization, a housing development plan, addressing energy imbalances, and financing the Seventh Development Plan are among the issues on the government’s agenda.

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."

Performance of approved joint field development plans reviewed

SHANA (Tehran) – The first meeting of the Economic Council in 1404 reviewed the implementation of approved measures and solutions to operational challenges in developing joint oil and gas fields in southern and western Iran.

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.

Petchem industry development focused on southern coasts: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) said the petrochemical industry is expanding along the coasts of the Persian Gulf and the Sea of Oman due to favorable infrastructure and access to open waters, with new investors being concentrated in the Makoran region.

Historic gas transmission records achieved during challenging winter of 1403

SHANA (Tehran) – The winter of 1403 brought unprecedented challenges to Iran’s gas industry, including early and prolonged cold spells, high-level management changes, and increased household gas demand.

17 mcm of gas sent from SP Refinery 8 to national network

SHANA (Tehran) – The director of the eighth South Pars refinery announced the transfer of over 17 million cubic meters (mcm) of sweetened gas to the national pipeline and the production of 19 million barrels of gas condensates in the year 1403.

Movement toward sustainable development in oil industry relies on investors’ role

SHANA (Tehran) – A member of Iranian Parliament called the "Transformation in Investment and Upstream Oil & Gas Development" event a significant step toward economic growth and sustainable development in Iran.

Iran’s oil opportunities: Gas refinery development

SHANA (Tehran) – Iranian Central Oil Fields Company (ICOFC) has plans to introduce an investment opportunity in gas refinery development with a daily refining capacity of 20 million cubic meters at the "Transformation in Investment and Development in Iran’s Oil and Gas Upstream" event.