Shana

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.

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’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. 

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.

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.

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."

Unveiling of beta financing package: A new step in upstream oil, gas development

SHANA (Tehran) – Iran’s Oil Industry Research and Technology Fund introduces the "Beta" financing package (Powered by Iran) at an event focused on investment and development in upstream oil and gas.

Iran ready to host investors in oil projects

SHANA (Tehran) – The caretaker of engineering and development at the National Iranian Oil Company (NIOC) announced the company’s readiness to host domestic and international investors in oil industry development projects, stating that diversification in upstream contracts has created favorable and secure conditions for investment.

Iran, Russia stress development of joint oil fields

SHANA (Tehran) – Iran’s Oil Engineering and Development Company and Russia’s ZNV Vostok reviewed existing challenges and emphasized strengthening technical cooperation and accelerating development projects in shared oil fields.

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. 

MP:

Investment in oil industry's upstream sector boosts production growth

SHANA (Tehran) - A member of the Iranian Parliament's Industries and Mines Committee said the "Transformation in Investment" event would effectively attract capital for production in the oil and gas upstream sector, adding that the event provides an opportunity to boost production growth.  

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."

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.

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.

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.

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.

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.

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.

Fear of tariffs wipes out one-fifth of oil market

SHANA (Tehran) – Crude oil prices have fallen between 14% and 19% since the start of 2025, according to data from OilPrice.com, as escalating trade wars and fears of an economic downturn drive the recent market slump.

NIOC announces investment opportunities list

SHANA (Tehran) – The list of investment opportunities from the National Iranian Oil Company (NIOC), presented at the "Transformation in Investment and Development of Iran’s Upstream Oil and Gas" event, has been announced.

Scholar:

Oil prices drop due to lower demand, political risks

SHANA (Tehran) – A faculty member at the Institute for International Energy Studies said that the recent decline in oil prices is primarily due to seasonal demand reductions in spring and easing geopolitical tensions in the Middle East. He added that if political stability persists and tariff wars do not escalate, the oil market could stabilize.

Coordination meeting held for Azadegan Oil Field development

SHANA (Tehran) – The first coordination meeting to begin operations for the development and integration of the shared Azadegan oil field was held.

PEDEC:

Investment: A prerequisite for achieving Iran’s oil goals

SHANA (Tehran) – The CEO of Petroleum Engineering and Development Company (PEDEC) emphasized investment as the key prerequisite for realizing new oil and gas production capacities and stressed the need for active private sector participation.

Iran invests over $1b in drilling rigs

SHANA (Tehran) – The CEO of the National Iranian Drilling Company (NIDC) announced an $800 million investment from the National Iranian Oil Company to purchase 15 onshore drilling rigs this year, adding that an additional $200 to $300 million from the company’s forex reserves will be allocated for ancillary equipment, such as cementing pumps and nitrogen units.