Shana

'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.

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.

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.

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."

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.

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.

Iran’s refining opportunities: 24 golden investment prospects up for grab

SHANA (Tehran) – The investment director of National Iranian Oil Refining and Distribution Company highlighted the company’s focus on increasing refining capacity, developing transfer infrastructure, and improving product quality, announcing 24 investment opportunities in the sector.

Moscow to host 18th Iran-Russia Economic Commission meeting

SHANA (Tehran) – The 18th meeting of the Iran-Russia Joint Economic Cooperation Commission will be held in Moscow from April 22 to 24.

16 specialized sessions to be held at Oil Industry Investment Transformation Event

SHANA (Tehran) – Amir Moqiseh, investment and business development manager at the National Iranian Oil Company (NIOC), said 16 specialized sessions will be held at the Investment and Development Transformation Event in Iran’s upstream oil and gas sector.

Support for investors 'will transform Iranian oil industry'

SHANA (Tehran) – The former CEO of the National Iranian Tanker Company (NITC) emphasized the need to support Iranian investors in the oil and gas sector, stating that ensuring the welfare of the public is only possible through effective backing of investors, particularly domestic investors and Iranians living abroad.

South Pars Gas Complex improves overhaul process

SHANA (Tehran) – The CEO of the South Pars Gas Complex emphasized that this year’s overhaul process has been more organized than in previous periods and announced that refineries are being prepared for stable production ahead of the upcoming winter.

Iran’s Region 8 gas transmission surpasses 32 bcm

SHANA (Tehran) – The director of Iran’s Region 8 gas transmission operations reported that over 32 billion cubic meters (mcm) of natural gas were transferred from the region in the past year (1403 in the Persian calendar), citing public participation as a key factor in maintaining the transmission network’s stability.

MP:

Oil, gas: Path to sustainable development

SHANA (Tehran) – The deputy chairman of the Iranian Parliament’s Energy Committee stated that oil and gas are central to achieving sustainable development, emphasizing that Iran, as one of the world’s largest holders of oil and gas reserves, has unparalleled potential to generate wealth and advance sustainable development.

Lawmaker:

Investment in oil, gas upstream sector key to sustainable energy development

SHANA (Tehran) – The head of the Entrepreneurship and Removing Production and Employment Barriers faction in Parliament said that in a year designated for boosting production as the country’s central goal, focusing on the oil and gas upstream sector has become even more critical.

Iran oil opportunities: Support projects in strategic regions

SHANA (Tehran) – The National Iranian Oil Company (NIOC) will unveil a comprehensive plan to invest in support projects aimed at developing oil industry infrastructure and bolstering related operations. These projects involve activities by the Caspian Oil Company, Iran Offshore Oil Co., Iranian Oil Terminals Company, and the Pars and Lavan special economic zones.

Redefining oil contracts: An endless battle amid sanctions

SHANA (Tehran) – Iran’s oil industry, grappling with sanctions and regional competition, is redefining its contracts to boost appeal and attract investors—a shift that could free the sector from constraints and open new avenues for international cooperation.

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.

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.

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.

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 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.