• Iran, Japan hold Seminar on Net Zero Emissions by 2050

    Iran, Japan hold Seminar on Net Zero Emissions by 2050

    TEHRAN (Shana) – An educational seminar entitled "Introduction of Japan's policies in using hydrogen and ammonia to achieve zero carbon emissions by 2050" was held in Tehran.

  • Framework of Iran-Uzbekistan Energy Cooperation Sketched

    Framework of Iran-Uzbekistan Energy Cooperation Sketched

    TEHRAN (Shana) -- The Iranian Deputy Petroleum Minister of International Affairs and Trade determined the framework of cooperation between the two countries in the energy sector in a meeting with the Acting Minister of Energy of Uzbekistan.

  • $600m Petchem Value Chain Completion Projects underway under way in Petrol

    $600m Petchem Value Chain Completion Projects underway under way in Petrol

    TEHRAN (Shana) -- The CEO of Petrol said $600 million projects are being implemented by the company in order to complete the value chain of the petrochemical industry.

  • Min. Voices Iran Readiness to Help Global Energy Security

    Min. Voices Iran Readiness to Help Global Energy Security

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the global energy market needs an increase in the supply of oil from Iran, adding: “As a major producer of oil and petroleum products, we are always ready to play our role in providing oil and gas away from politics. and help improve energy security in the world.”

  • OPEC+ Cuts Output by 100k for October 2022

    OPEC+ Cuts Output by 100k for October 2022

    TEHRAN (Shana) -- The 23 member countries of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) in their 32nd meeting agreed to cut their oil output for the month of October.

  • 32nd OPEC+ Meeting Kicks off Online

    32nd OPEC+ Meeting Kicks off Online

    TEHRAN (Shana) -- The 32nd meeting of the Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) started a few minutes ago via videoconference.

  • Reviving Iran’s Energy Diplomacy: Step by Step

    Reviving Iran’s Energy Diplomacy: Step by Step

    TEHRAN (Shana) -- Holding 17.3% of the world's proven natural gas reserves, Iran is only second to Russia. Meanwhile, Turkmenistan ranks sixth with 3.8%. In 2021, Turkmenistan produced 83.7729 billion cubic meters (bcm) of natural gas and exported about 34 bcm to China, the largest importer of Turkmen gas, and that is why China has a high bargaining chip against Turkmenistan, encouraging the latter to seek to diversify its export destinations not to depend on a single buyer. According to BP and Azerbaijan's Ministry of Energy, the volume of Republic of Azerbaijan's natural gas reserves in 2021 was estimated at 2,500 bcm.

  • ACECR Supplying Technical Equipment

    ACECR Supplying Technical Equipment

    TEHRAN (Shana) -- Iran’s Academic Center for Education, Culture and Research (ACECR) has been serving the petroleum industry for more than 3 decades now. Thanks to the technical knowhow of university professors and students, ACECR has largely managed to meet oil, gas and petrochemical needs. Last March, Iran’sPetroleum Ministry and ACECR signed four memoranda of understanding and agreements for further engagement of ACECR in the petroleum industry.

  • High-ranking MOP delegation to visit Uzbekistan

    High-ranking MOP delegation to visit Uzbekistan

    TEHRAN (Shana) – A high-profile delegation of the Iranian Ministry of Petroleum, headed by the Deputy Minister of Petroleum for International Affairs and Trade, is going to Uzbekistan to prepare the first oil memorandum of understanding with Uzbekistan for signing at the upcoming Shanghai summit.

  • 500k Barrels Increase in Persian Gulf Crude Oil Storage Capacity

    500k Barrels Increase in Persian Gulf Crude Oil Storage Capacity

    TEHRAN (Shana) -- The capacity of crude oil storage in the Persian Gulf increased by 500,000 barrels with the operation of the reconstruction and overhaul project of Tank No. 4 of the Behrgan region of Iranian Offshore Oil Company (IOOC).

  • OGTIP Signs MoU with Uzbek Firm

    OGTIP Signs MoU with Uzbek Firm

    TEHRAN (Shana) -- Oil and Gas Technology and Innovation Park (OGTIP) and Mr-Fish Fergana Oil and Gas Holding of Uzbekistan signed a memorandum of understanding in the field of energy.

  • Drilling Structure, Infrastructure Fully Iranian

    Drilling Structure, Infrastructure Fully Iranian

    TEHRAN (Shana) -- Among oil and gas-rich nations in the world, Iran remains one of the leading extractors of oil and gas.More than a century has passed since the William Knox D’Arcy team, led by Marriot, drilled the first oil well in Iran. The first oil well in Iran was drilled in the Chia Sorkh, or ChahSorkh (literally red well) northwest of Qasr-e Shirin. The well struck oil in summer 1903 at the depth of 507 meters.

  • What Iran Has in Common with Uruguay and Nicaragua

    What Iran Has in Common with Uruguay and Nicaragua

    TEHRAN (Shana) -- Latin America comprises 20 developing countries with a population of about 650 million people, maintaining good relations with Iran and seeking better ties. The region's economic size is significant, with Latin America's gross domestic product (GDP) estimated at $5 trillion by 2020. In terms of energy, about 20% of the world's oil reserves are located in this region which is considered a large market for international energy transactions. Some Latin American countries, including Venezuela, have significant oil reserves and are important oil producers. They also have large international oil companies such as PDVSA and Pemex, which operate in the global oil market and facilitate exchanges and joint ventures in the oil and gas industry. In general, the economic and energy indicators of this region indicate that there is great potential for development and the desire of the countries in this region to expand relations with non-US and European countries has provided good opportunities for development of ties with Iran.

  • Energy Security Redefined

    Energy Security Redefined

    TEHRAN (Shana) -- European Union unanimously decided to impose sanctions on seaborne crude oil deliveries from Russia. Europe’s energy future is now woven by hasty opportunistic policies using Russian- Ukraine conflict as a new crowbar to open the door to dismantled US Northern Atlantic alignment and flawed energy transition policies.

  • Ten Fields of Iran, Cuba Energy Cooperation

    Ten Fields of Iran, Cuba Energy Cooperation

    TEHRAN (Shana) -- Iran’s Minister of Petroleum Javad Owji during his trip to Latin America in May, met with Cuban President Miguel Díaz-Canel and signed two memoranda of understanding on energy and agriculture. Mehdi Safari, Iran's deputy foreign minister for economic diplomacy, considers bartering with Cuba very instrumental in the relations between the two countries.

  • Iran Eyes 0.2mbd Crude Oil Output Capacity Rise by March 2023

    Iran Eyes 0.2mbd Crude Oil Output Capacity Rise by March 2023

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) said an increase of 200,000 barrels per day in Iran's oil production capacity is expected by the end of the current calendar year, which began on March 21.

  • Petropars Key in Iran Oil Industry 

    Petropars Key in Iran Oil Industry 

    TEHRAN (Shana) -- Petropars has a major share in developing Iran’s joint oil and gas fields. The company’s CEO has been outspoken in explaining the company’s status in developing phase 11 of South Pars gas field, Bilal, Farzad B, Forouzan, and South Azadegan fields and cooperation with Latin American firms. So far, the Iranian major has implemented around $27 billion worth of projects.

  • Min. Stresses Need to Boost Refining Capacity

    Min. Stresses Need to Boost Refining Capacity

    TEHRAN (Shana) -- Emphasizing the investment in the construction of refineries and petro-refineries in the country, the Iranian Minister of Petroleum said: “The refining capacity in the country should be enhanced.”

  • Development of Sohrab Joint Oilfield to Start Soon

    Development of Sohrab Joint Oilfield to Start Soon

    KHUZESTAN (SHANA) – The CEO of the National Iranian Oil Company (NIOC) said important oil projects are underway in Iran including start of the operation of the Sohrab joint field in the near future.

  • NISOC Production Capacity to hit Pre-Sanctions Levels: CEO

    NISOC Production Capacity to hit Pre-Sanctions Levels: CEO

    KHUZESTAN (SHANA)-- The CEO of the National Iranian South Oil Company (NISOC) said that one of the serious plans of the company has been to restore the oil production capacity to the pre-sanctions era, adding: "We are proud to announce that the oil production capacity has returned to the pre-sanctions level."

  • Iran Unveils Strategic Wellhead Item

    Iran Unveils Strategic Wellhead Item

    TEHRAN (Shana) – An Iranian knowledge-based company has unveiled a Christmas Tree with a working pressure of 15,000 psi (pound per square inch).

  • Iran Builders Break Monopoly of Strategic Oil Equipment

    Iran Builders Break Monopoly of Strategic Oil Equipment

    TEHRAN (Shana) – Iranian manufacturers have acquired the savvy to construct items in oil industry whose supply was monopolized by certain few in the past, said the CEO of the National Iranian Oil Company (NIOC).

  • Iran Earmarks $5.5b to Develop Khami Group Fields

    Iran Earmarks $5.5b to Develop Khami Group Fields

    TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said the development of the fields of Khami Group were to be developed with an investment of 5.5 billion dollars for the first time.

  • Min. calls on Domestic Suppliers to Mind Export Markets

    Min. calls on Domestic Suppliers to Mind Export Markets

    TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said the domestic manufacturers of items shall be focused on exports besides supplying the domestic markets.

  • Iran Eyes 4mbd Crude Oil Production Capacity by Early 2023

    Iran Eyes 4mbd Crude Oil Production Capacity by Early 2023

    TEHRAN (Shana) – The CEO of the National Iranian Oil Company (NIOC) voiced Iran’s readiness for maximum gas condensate swap, adding the country is preparing to bring its crude oil production capacity to over 4 million barrels per day by the end of the current calendar year, which began on March 21.

  • IOOC Planning to Develop Oilfield Joined with Saudi Arabia

    IOOC Planning to Develop Oilfield Joined with Saudi Arabia

    TEHRAN (Shana) -- The CEO of the Iranian Offshore Oil Company (IOOC) said the first stage of development of the Esfandiar joint oilfield, which is shared with Saudi Arabia, has been placed on the company's agenda, and according to the plans, its implementation is expected to be completed within 36 months.

  • OIPC Following Up Pending Contracts In Europe

    OIPC Following Up Pending Contracts In Europe

    TEHRAN (Shana) -- The Chairman of the Presiding Board of Oil Industry Pension Fund (OIPC) said: “The Economic Group of Oil Industry Pension Fund is following up pending contracts in European countries.”

  • Capacity of Frequency Bands Radio Systems Up 25 Times in South Zagros Fields

    Capacity of Frequency Bands Radio Systems Up 25 Times in South Zagros Fields

    TEHRAN (Shana) -- The capacity of the radio links of the Iranian Central Oil Fields Company (ICOFC) increased by 25 times with the efforts of the company's telecommunication department in South Zagros fields in Fars, Bandar Abbas and Bushehr provinces.

  • Cuban Ambassador thanks MoP for Helping Contain Cuba Oil Fire

    Cuban Ambassador thanks MoP for Helping Contain Cuba Oil Fire

    TEHRAN (Shana) -- The Cuban ambassador in Tehran announced Iran's help in controlling the fire in the Cuba’s oil tanks and appreciated the cooperation of the Iranian Ministry of Petroleum in the operation.

  • Iran Sends Technical Team to Help in Cuba Oil Tank Fire

    Iran Sends Technical Team to Help in Cuba Oil Tank Fire

    TEHRAN (Shana) -- In line with the goals of activating energy diplomacy by the Iranian Ministry of Petroleum, after a massive fire occurred in oil facilities in Cuba by lightning, a group of Iranian experts were sent to help the country.