Shana

Introduction of new exploratory opportunities for investment

SHANA (Tehran) – Officials from the National Iranian Oil Company (NIOC) presented the latest geological achievements and studies at a conference introducing oil exploration projects, highlighting the significant potential of various regions across the country for oil and gas exploration and production.

Examining IPC contract models at the investment transformation event

SHANA (Tehran) – The contractual models of Iran’s Petroleum Contract (IPC) were introduced and reviewed during a specialized session at the Investment and Development Transformation Event in Iran’s upstream oil and gas sector.

New chapter begins in oil field development

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced the start of a new phase in cooperation with domestic and foreign investors, citing recent key approvals in oil field development and financial facilitation. He emphasized the need for greater collaboration among financial experts to design innovative capital financing models.

Key role of PRs in highlighting economic successes

SHANA (Tehran) – The CEO of the National Iranian Gas Company emphasized that the duty of public relations (PR) departments is to effectively showcase the efforts of the country's economic sector workers through various mechanisms and modern tools, such as artificial intelligence and digital platforms.

Persian Gulf Star Refinery increases production capacity by 3m liters

SHANA (Tehran) – The CEO of Persian Gulf Star Oil Company announced a 3 million-liter increase in gasoline production capacity at the world’s largest gas condensate refinery. The expansion follows major overhauls in the Phase 2 gasoline production unit and the installation of a new heat exchanger, set for completion in the Iranian calendar year 1404 (2025-26).

Ten-part incentive package for oil industry investment unveiled

SHANA (Tehran) – A 10-part incentive package for investment and development in Iran’s upstream oil and gas sector was unveiled Tuesday during the Transformation in Investment and Development in Iran’s Upstream Oil and Gas event, attended by Oil Minister Mohsen Paknejad.

8% economic growth requires investment in oil industry

SHANA (Tehran) – Iran’s first vice president said achieving 8% economic growth requires serious and extensive investment, adding that efforts—particularly in the oil and gas sector—have paved the way for further investment.

PR departments need to be equipped with modern tools

SHANA (Tehran) – The director-general of public relations for the Ministry of Petroleum emphasized the critical role of PR departments in managing public opinion and promoting efficient consumption, calling for creative and targeted content production and cultural campaigns.

Strong parliamentary support for oil industry investment

SHANA (Tehran) – A member of the Iranian Parliament's Energy Committee said the legislature is focused on enhancing investment appeal in various economic sectors, particularly the oil industry.

PBO: New Economic council measure accelerates oil investment attraction

SHANA (Tehran) – The head of Iran’s Plan and Budget Organization highlighted the country’s geopolitical, historical, and human resource capacities, noting key government steps to revive investment appeal in the strategic oil industry. These include raising project return rates to 23%, allowing investors to benefit from excess earnings, and speeding up contractual processes.

NIOC:

Oil industry contract terms reduced to six months

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced a recent decision by the Economic Council to reduce the maximum duration of oil industry contracts to six months.

Oil Ministry has plans for any scenario: Paknejad

SHANA (Tehran) - Iran’s oil and gas industry has always been—and remains—an attractive sector for international investors due to its high return on investment, Oil Minister Mohsen Paknejad said Tuesday.  

Iran has no restrictions on cooperation with foreign investors 

SHANA (Tehran) – Iran’s oil minister emphasized that the country has no restrictions on working with foreign investors, stating that achieving the goals of Iran’s oil industry requires investment.

Non-governmental Oil Industry Guarantee Fund unveiled

SHANA (Tehran) – The Non-Governmental Oil Industry Guarantee Fund was unveiled Tuesday with a registered capital of €300 million in the presence of Oil Minister Mohsen Paknejad.

Launch of financing framework for upstream oil, gas contracts

SHANA (Tehran) – The financing framework for upstream oil and gas contracts and the first payment commitment certificate in this sector were unveiled in a ceremony attended by the oil minister.

Targeted 6.5 mbd of oil production capacity is realistic, official says

SHANA (Tehran) – Head of Economic Department of the Leader's Office Ali Aqa-Mohammadi emphasized that Iran’s 6.5 million-barrel oil production capacity is realistic, stating that it is the result of three years of field and technical studies on oil reserves. With the government’s executive determination, this capacity has now been incorporated into an action plan.

Iran ready to attract major oil, gas investors with innovative models

SHANA (Tehran) – First Vice President Mohammadreza Aref announced that the Islamic Republic of Iran is prepared to offer attractive investment packages and innovative partnership models to facilitate the entry of major investors into large-scale oil and gas projects.

'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.