Shana

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.

South Pars Phase 11 gas production hits 20 mcm

SHANA (Tehran) – The CEO of Pars Oil and Gas Company announced the completion of drilling and the start of operations at the eighth well in South Pars Phase 11, stating that gas extraction from this phase has increased to 20 million cubic meters (mcm) per day.

Petroleum University of Technology moves toward advancement, deserved standing

SHANA (Tehran) – The deputy oil minister for engineering, research, and technology stated that, in line with the government’s transformative policies and with the goal of elevating the academic and professional standing of the Petroleum University of Technology, a comprehensive program centered on domestic capabilities and coordination with relevant institutions has been launched. He said this initiative aims to restore the university to its rightful and influential position in Iran’s oil industry.

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.

Foreign Ministry spokesman responds to Kuwait’s renewed claims

Iran hopes Kuwait will agree to talks on Arash gas field

SHANA (Tehran) – Foreign Ministry spokesperson Esmaeil Baqaei on Monday reiterated that the dispute over the shared Arash gas field must be resolved through negotiations and mutual agreement, taking into account the historical and customary rights of both parties.

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.

Spox: Gov’t offices to be powered by renewable energy

SHANA (Tehran) – Government spokesperson Fatemeh Mohajerani announced Sunday on her X account that the administration has begun implementing measures to address energy shortages, starting with its own operations.

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.