Shana

South Pars: An attractive destination for oil industry investors

SHANA (Tehran) – The economic development and investment director of the Pars Special Economic Energy Zone described investment in oil and gas projects, downstream petrochemical industries, and conversion industries as attractive, stating that completing infrastructure and processing industries will create numerous job opportunities in the region.

Energy imbalance requires comprehensive cooperation, lawmaker says

SHANA (Tehran) – A member of Iran’s Parliament Energy Committee emphasized that addressing the country’s energy imbalance requires broad cooperation, stating that the National Iranian Gas Company’s efforts in gas distribution during the past winter should serve as a model for other organizations.

Iran’s oil Opportunities: 15 energy optimization projects to be launched

SHANA (Tehran) – The National Iranian Oil Company has introduced 15 major energy optimization projects in the industrial, construction and transportation sectors to attract investment as part of its broader goal to reduce energy consumption. These projects present diverse opportunities for domestic and foreign private sector participation.

Iran to unveil new investment methods

Oil industry becoming more attractive to investors

SHANA (Tehran) – The deputy for international affairs and commerce at Iran’s Ministry of Oil said the oil and gas industry must become a secure and stable environment for domestic and international investors.

NIDC reports over 6,000 technical, specialized services in past year

SHANA (Tehran) – The technical deputy of the National Iranian Drilling Company (NIDC) announced that 6,264 technical and specialized services were performed in the past year (1403 in the Iranian calendar), marking a 6% increase compared to the previous year.

Parliament stresses need to facilitate investment in oil industry

SHANA (Tehran) – A senior member of Parliament said attracting investment in the upstream oil and gas sector cannot be achieved through slogans alone and requires moving away from government control toward facilitation.

MP urges

Ensuring investment security in Iran’s upstream oil and gas sector

SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee said that as Iran faces numerous challenges in the energy sector, ensuring investment security in the upstream oil and gas industry is a top priority.

Abadan petrochemical production resumes

SHANA (Tehran) – The utility and PVC units of the Abadan Petrochemical Complex have resumed production after resolving operational challenges.

Iran’s oil opportunities: NIOC to introduces 23 oil, gas exploration blocks

SHANA (Tehran) – The National Iranian Oil Company (NIOC) is set to introduce 23 onshore and offshore exploration blocks to accelerate hydrocarbon resource exploration and attract investment. The estimated in-place reserves of these blocks total more than 193.8 billion barrels of oil and 783 trillion cubic feet of gas.

Red carpet for oil industry investors; Full investment security guaranteed

SHANA (Tehran) –The CEO of the National Iranian Oil Company (NIOC) announced the company’s comprehensive support for investors and economic stakeholders, stating: "NIOC is prepared to provide all necessary guarantees to ensure investment security in upstream oil projects."

Iran’s oil opportunities: Flare gas recovery

SHANA (Tehran) – A golden opportunity to capture 1 billion cubic feet per day of associated petroleum gas will be unveiled at the major national investment event. The initiative includes four opportunities for sweet gas recovery and 41 for sour gas recovery.

Iran unveils first domestic gas odorant monitor, boosting safety

SHANA (Tehran) - Hormuzgan Gas Company specialists have developed Iran’s first domestically produced odorant monitoring device for urban natural gas networks—a major step toward improving safety and advancing the country’s gas industry, said Saeid Tavakoli, deputy oil minister and CEO of the National Iranian Gas Company (NIGC). 

Oil Ministry launches development of electric vehicle infrastructure

SHANA (Tehran) - The development of electric vehicle (EV) infrastructure has begun under the Oil Ministry, following a recent approval by the Economic Council.  

Iran’s oil opportunities: Onshore, offshore oil, gas fields development

SHANA (Tehran) - Iran’s oil industry is set to witness a major event on April 22, coinciding with progress in indirect talks between Iran and the US. 

Cooperation, awareness: Key to enhancing gas industry operations

SHANA (Tehran) - The deputy oil minister for gas affairs emphasized that mutual cooperation and awareness are two key factors in improving operational quality and advancing the gas industry.

Diversifying financing methods essential in refining industry: NIORDC

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) emphasized the need to diversify financing methods to achieve investment in the refining industry, stating that proper governance in the sector ensures sustainable profits for shareholders.

Fuel transfer during Nowruz 1404 up 33%

SHANA (Tehran) – The CEO of Iran Oil Pipelines and Telecommunications Company reported a significant increase in fuel transfer during this year’s Nowruz holidays, stating that 3.278 billion liters of petroleum products were delivered to oil depots over a 22-day period from March 19 to April 9, 2025.

Expanding Iran-China petchem cooperation under review

SHANA (Tehran) – The CEO of Iran’s National Petrochemical Company discussed opportunities to expand cooperation with Chinese firms during Iran Day at the CHINAPLAS 2025 exhibition.

Making Iran's oil industry more attractive to investors

SHANA (Tehran) – Former managing director of the National Iranian Gas Company, Hamidreza Araqi, said attracting domestic and foreign investment in upstream oil and gas development requires reducing bureaucratic hurdles in contracts and improving contractual terms.

Vital role for public relations in advancing oil industry

SHANA (Tehran) – The director-general of public relations for the Ministry of Petroleum said the ministry’s significant efforts in energy supply—such as ensuring stable gas delivery during cold seasons and gasoline supply during the Nowruz holidays—must be effectively communicated to the public.

Iranian representatives selected as vice chairs for World Petroleum Congress forums

SHANA (Tehran) – Iran’s nominated candidates have been elected as vice chairs for forums at the 25th World Petroleum Congress (WPC) in Saudi Arabia, an event that brings together global energy industry leaders.

Carbon management in harmony with the environment

SHANA (Tehran) – The push for carbon management in the oil industry began about a decade ago, led by petrochemical companies. These firms have committed to meeting international carbon emission reduction standards to remain competitive in the global market.

Announcement of participation terms for Oil Investment Transformation Event

SHANA (Tehran) – The Investment and Business Management Department of the National Iranian Oil Company (NIOC) has announced the conditions for participation in the "Transformation in Investment and Development in Iran's Upstream Oil and Gas Event."

Arvandan Oil & Gas Company prepared to attract investment by clarifying opportunities

SHANA (Tehran) – The CEO of Arvandan Oil and Gas Company said the firm is enabling informed investor decision-making by clarifying investment opportunities and providing accurate data.

Parliament Energy Committee plans oil investment

SHANA (Tehran) – The head of the Iranian Parliament’s Energy Committee said the Committee has prepared a plan focused on investment in upstream oil, gas, petrochemical and power industries, as well as downstream sectors.

President urges addressing energy imbalance challenge with diverse solutions

SHANA (Tehran) – The president outlined the government’s general framework for reducing energy consumption intensity, stating that past experiences have clearly shown the current state structure in this field is inadequate. "We must move toward a networked structure involving elites, community-based institutions, and reference groups," he said.

RIPI stresses providing technical expertise to oil, gas investors

SHANA (Tehran) – The head of the Research Institute of Petroleum Industry (RIPI) said that offering technological services and technical expertise to oil and gas investors encourages investment in the sector.

Investor confidence, key to upstream oil development: MP

SHANA (Tehran) – The deputy chairman of the Iranian Parliament’s Energy Commission said creating an environment where the private sector can invest confidently in oil and gas projects is essential for attracting investment and developing upstream oil and gas sectors. He emphasized that ensuring successful operations and profitability is the main incentive for investors.

Energy investment, diplomacy key to oil industry growth: Expert

SHANA (Tehran) – An energy expert said the upcoming "Transformation in Upstream Oil and Gas Investment and Development" event will boost investment and economic growth, adding that the National Iranian Oil Company (NIOC) must redefine international frameworks to secure a stronger global position.

Oil industry requires cutting-edge technologies

SHANA (Tehran) – The former CEO of Iran’s National Petrochemical Company (NPC) emphasized that the oil industry requires investment and access to global advanced technologies, stating: "Developing and investing in the oil industry is not a choice but a critical necessity."