150,000-barrels increase in oil production under 14th administration

SHANA (Tehran) – The head of oil and gas production monitoring at the National Iranian Oil Company announced a 150,000-barrels increase in oil production in 1403 (ended March 20) despite a temporary halt in output from the Abouzar field.

Private sector welcomes investments in oil industry

SHANA (Tehran) – The director of the investment and marketing sector of the National Iranian Oil Company reported on the well reception of the private and public sectors in the oil industry’s investment plans and said although it has been a relatively short time from the investment event, we have received positive feedbacks.

Minister’s assistant’s emphasis on petchem chain value’s completion

SHANA (Tehran) – The oil minister’s assistant pointed to Iran’s petrochemical infrastructure development in the past three decades and emphasized the completion of its chain value.

NIORDC focuses on expanding modern transportation infrastructure

SHANA (Tehran) – A tripartite memorandum of understanding (MoU) was signed to develop electric vehicle (EV) charging infrastructure and establish shared battery swap stations at fuel stations across Iran. The agreement, aimed at expanding modern transportation infrastructure and promoting electric and shared mobility, was signed by the National Iranian Oil Refining and Distribution Company (NIORDC), Mapna Group, and the Oil Industry Research and Technology Fund.

Oil Industry supports NTBFs on path to industrial self-sufficiency

SHANA (Tehran) – The deputy minister of petroleum for engineering, research, and technology announced the ministry’s diverse programs to support knowledge-based companies, identifying first-time production as one of the most important ways to enhance these companies' role in the oil industry’s value chain.

MoU inked to replace 20,000 gasoline-powered motorcycles with electric ones

SHANA (Tehran) – A memorandum of understanding was signed to replace 20,000 gasoline-powered motorcycles with electric ones in Tehran as part of efforts to promote clean transportation, reduce air pollution, and cut fuel consumption. The agreement was signed between the National Iranian Oil Refining and Distribution Company, executive agencies, and companies active in urban logistics.

Smart operators to begin work at Oil Ministry soon

SHANA (Tehran) – The deputy for policy and planning of ICT and digital economy development at the Ministry of Communications and Information Technology announced that necessary licenses have been issued to launch smart operators at the Ministry of Petroleum, with their operations set to begin soon.

Paknejad:

Oil Ministry gears up oil contract approvals

SHANA (Tehran) – Oil Minister Mohsen Paknejad said Friday that since the start of the current administration, a dedicated team at his ministry has worked to address delays in finalizing oil contracts, reducing the approval process from several years to about six months.

Oil Ministry focuses on boosting appeal for non-gov’t investors

SHANA (Tehran) – The deputy of engineering, research, and technology at Iran’s Oil Ministry highlighted the minister’s emphasis on expanding cooperation with the private sector, stating that the ministry’s new phase will focus on creating innovative economic models and enhancing investment opportunities for non-government players in the oil industry.

Caspian Sea drilling operations resume after 3-decade halt on oil minister’s orders

SHANA (Tehran) – Oil Minister Mohsen Paknejad ordered the restart of exploratory drilling operations in the shallow waters of the Caspian Sea, deploying the drilling rig of the Northern Drilling Company in the Rudsar structure in Block 18 at a water depth of 70 meters.

Iran ready to work with investors under any contract model

SHANA (Tehran) – The CEO of the National Iranian Oil Co. (NIOC) emphasized the importance of investment in research and development (R&D), stating, "We are ready to cooperate with thinkers, new technology-based firms, and investors under any contract model."

8% economic growth achievable through surge in oil industry investment

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that directing domestic investments toward the oil industry would stimulate other economic sectors, helping achieve the projected 8% growth target under the Seventh Development Plan.

Iran on track to become region’s largest oil industry operations hub

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) said Iran is on its way to becoming the largest operational hub for the oil industry in the region.

NIGC emphasizes expanding gas cooperation with Russia

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC), in a meeting with the head of the Russian Oil and Gas Industry Association on the sidelines of the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025), highlighted the capabilities of Iranian experts in the oil and gas sector and stressed the importance of increased engagement with Russian partners, calling for expanded bilateral cooperation.

Iran-Turkmenistan gas cooperation: A step toward regional trade

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) announced new measures by the company to facilitate international contracts, attract investment and develop gas relations with neighboring countries. He said gas cooperation between Iran and Turkmenistan will pave the way for regional gas trade.

RIPI, Chinese firm sign coal-to-gas memorandum

SHANA (Tehran) – The Research Institute of Petroleum Industry (RIPI) and China’s Keyon Company signed a cooperation agreement to convert coal into natural gas.

Increased use of Iranian-made equipment in petchem projects

SHANA (Tehran) – The deputy oil minister for petrochemical affairs emphasized support for domestically manufactured equipment and prioritizing its procurement, stating that the use of local equipment in petrochemical development projects will rise from about 75% to approximately 80%.