Shana

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."

Over 735 mcm of gas delivered to power plants in three days

SHANA (Tehran) – From April 12 to 14, 2025, approximately 736 million cubic meters (mcm) of natural gas were delivered to power plants across the country. This figure reflects the continued stable fuel supply for power plants and the readiness of the gas network at the start of the new year.

NIGC official:

Not a single cubic meter of gas was lost in winter

SHANA (Tehran) – The director of coordination and production supervision at National Iranian Gas Company (NIGC), referring to last year’s severe cold weather and high gas consumption, said the gas industry maintained the stability of the gas network across the country through the dedication and hard work of its employees—ensuring not a single cubic meter of gas was lost.

Pezeshkian stresses smart management of imbalances

SHANA (Tehran) – The president emphasized the need for intelligent and precise management of imbalances, stating that accurate data on individual and household consumption will be collected to develop an actionable plan.

Iran sets unprecedented gas transmission record in winter

SHANA (Tehran) – The CEO of Iran Gas Transmission Company highlighted multiple gas transmission records set in winter 1403, stating that the latest record—a daily transmission of 880 million cubic meters of gas—was unprecedented in the history of Iran's gas industry.

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.

Fuel sales at Parvizkhan border to be organized

SHANA (Tehran) – The CEO of National Iranian Oil Products Distribution Company emphasized the need to properly organize fuel sales at the Parvizkhan border, stating that achieving this goal requires cooperation from the Kermanshah Provincial authorities and other local agencies.

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 to unveil 200 oil Industry investment opportunities

SHANA (Tehran) - The investment and business director of the National Iranian Oil Company (NIOC) described the oil industry as an international sector, stating, “Iran is a paradise of opportunities for investors.”

Energy conservation is essential, says Leader

SHANA (Tehran) - Leader of the Islamic Republic Ayatollah Ali Khamenei stated that pressing issues such as excessive gasoline consumption, insufficient progress in educational equity and the struggles of disadvantaged groups can be resolved through persistent follow-up efforts.

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.

Representatives from 30 countries to attend Iran’s Upstream Oil Investment Transformation Event

SHANA (Tehran) – Representatives from 30 countries across Europe, South America, Asia and Africa have expressed readiness to attend Iran’s Upstream Oil and Gas Investment Transformation event.

Convergence of oil and politics: From Muscat to Tehran

SHANA (Tehran) – As Iran’s foreign policy team negotiates to lift sanctions, the Ministry of Oil, tasked with energy diplomacy, has been actively preparing to attract both domestic and international investors.

Economic growth through investment in oil, gas upstream sector

SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee highlighted the "Transformation in Investment and Development" event in Iran’s oil and gas upstream sector as a significant step in the "Year of Investment for Production." He stated that introducing investment opportunities will attract capital to various sectors of the oil, gas and upstream industries.

5.5% rise in Nowruz travel with historic fuel consumption record

SHANA (Tehran) – The head of Iran’s Traffic Police announced that during the Nowruz 2024 operations, a historic fuel consumption record was broken, reaching 164 million liters on March 19, while travel increased by 5.5% compared to last year.

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.