Shana

Dialogue is central to OPEC’s objectives

SHANA (Tehran) – ‘Dialogue’ is an evocative word, one that has engaged some of civilization’s greatest minds. It has also been front and centre of OPEC’s objectives since the Organization was formed back in September 1960.

OPEC: From quotas to managing the future oil market

SHANA (Tehran) – As the Organization of the Petroleum Exporting Countries (OPEC) marks the beginning of its 66th anniversary, one fact is clearer than ever: Without stable, predictable and responsible management of the global oil market, economic growth and social welfare are exposed to serious instability. A lack of predictability and stability would have far-reaching consequences for global oil and energy markets and, ultimately, the international economy.

Geopolitical Risk is no Longer an Exception:

New Normal for Energy Investment in Persian Gulf

SHANA (Tehran) - The disruption of maritime traffic through the Strait of Hormuz has altered the investment logic of energy projects across the Persian Gulf. Geopolitical risk is no longer treated as a remote event to be mentioned briefly in a force-majeure clause. It is increasingly incorporated into the base-case assumptions used by equity investors, commercial banks, export credit agencies, insurers, contractors and commodity buyers.

A ray of hope: major gas discovery in Fars

SHANA (Tehran) – The discovery of a major natural gas reservoir in southern Fars province has been confirmed in recent days, marking a significant new addition to Iran’s hydrocarbon reserves.

Paknejad: Oil workforce shows resilience

SHANA (Tehran) – Oil Minister Mohsen Paknejad, in a message marking Government Week and Employee Day, praised the around-the-clock efforts of the country’s oil industry workers, saying their dedication and sense of responsibility ensured that oil production, transmission and energy and fuel supplies continued without interruption despite unprecedented pressures.

OPEC+, Oil Central Bank?

SHANA (Tehran) - Having a glance at the modern landscape of global oil markets, one may notice that the OPEC itself has managed to be a real game-changer, but accumulating the potentials of OPEC and non-OPEC countries and the formation of OPEC+ in late 2016 has been a turning point in the history of the global oil markets.

Why is the IEA questioning the reliability of Persian Gulf producers?

SHANA (Tehran) – In an interview with the newspaper, The National, on July 8, 2026, when talking about the Strait of Hormuz situation, Dr Fatih Birol, the Executive Director of the International Energy Agency (IEA), said that PersianGulf oil exporters “need to regain their reputation as reliable exporters.”

A responsibility-inspiring perspective

SHANA (Tehran) - Today, the Islamic Republic of Iran bids farewell to a Martyred Leader who devoted his life to the dignity of Islam, the independence of Iran, and the advancement of the Islamic Republic. Through tireless dedication, he charted a path of resistance, honor, and progress for the Iranian nation.

OPEC: Obituary or reincarnation?

SHANA (Tehran) – OPEC started back in 1960. Legend has it that five oil ministers showed up in Baghdad because they were fed up. Saudi Arabia, Iran, Iraq, Kuwait and Venezuela were all watching foreign oil companies set prices that barely covered their costs. The story goes that the oil they were selling was worth less than the tea on the table during the meeting.

SNSC Chief Larijani martyred in attack

SHANA (Tehran) - The Secretary of Iran's Supreme National Security Council, Ali Larijani, was martyred in an attack attributed to the Zionist-American regime. The announcement came from the Supreme National Security Council's secretariat, which stated that Larijani was martyred during the holy month of Ramadan.

Oil minister commends round-the-clock efforts of operational teams at Rey Oil Storage Facility

SHANA (Tehran) - Oil Minister Mohsen Paknejad expressed appreciation for the continuous efforts of operational teams working at the Rey oil storage facility during his visit on Tuesday.

Parliament praises Oil Ministry’s winter performance

SHANA (Tehran) – A member of the Parliament’s presiding board said the Oil Ministry performed successfully during the winter, stating that despite sanctions and record-high gas consumption, the country’s gas network remained stable and secure by relying on domestic capabilities and increased production at the South Pars joint field.

Major overhauls support production stability at refineries

SHANA (Tehran) – The head of maintenance at Tehran Oil Refining Co. said maintenance and repairs are fundamental to sustaining refinery output, emphasizing that major overhauls play a strategic role in supporting production and creating long-term value.

South Pars hits record 730 mcm of daily gas production

SHANA (Tehran) – The South Pars joint field set a historic record in the winter of 1404, reaching daily production of 730 million cubic meters of rich gas — the highest level in more than two decades of operation. The achievement followed major overhauls, development of border phases, drilling of new wells and equipment optimization.

OPEC at 65: building on a proud past for a successful future

SHANA (Tehran) - Sixty-five years ago, visionary leaders from five developing nations, namely Abdullah al-Tariki of Saudi Arabia, Juan Pablo Perez Alfonzo of Venezuela, Fuad Rouhani of Iran, Tala’at al-Shaibani of Iraq, and Ahmed Sayed Omar of Kuwait, founded OPEC at the historic Baghdad Conference from 10 to 14 September 1960.

War on Iran Ignites Long-Term Global Oil Instability

SHANA (Tehran) – The recent air strikes by the Zionist regime on Iran’s industrial centers, oil and gas facilities, and civilians have sent shockwaves through the global oil markets. The attacks led to a significant but short-lived increase in prices.

War of Aggression on Iran and Global Energy Security

SHANA (Tehran) – Ever since the Zionist regime launched its invasion of Iran, energy has become a pivotal issue in international fora. Two key issues, energy price and energy security, were focused upon by the media, political elite, and economists due to Iran’s prominent role in energy production and exports and its strategic position in the Strait of Hormuz.

Analysis of the War on Iran

SHANA (Tehran) –The 12-day war imposed by the Tel Aviv regime against Iran on 13 June 2025, targeting mainly nuclear and military installations in addition to infrastructure, constitutes one of the most complicated geopolitical crises of recent decades. Iran responded forcefully to the strikes. Although the United States initially refused to engage in the war, there was no doubt from the very beginning that it was the main ally of the Zionist regime in this crisis. That is why, when it was convinced that Iran had the upper hand on the battlefield, the US intervened and bombed Iranian nuclear facilities. It is highly significant to review the Zionist regime and the US objectives and scenarios in the war on Iran.

Attack on the Heart of Energy Security

SHANA (Tehran) – Energy security scholarship has long recognized the interconnected nature of global energy systems (Yergin, 2006; Winzer, 2012). The concept encompasses not merely the availability of energy resources but also the stability of supply chains, market predictability, and the resilience of energy infrastructure. Climate policy literature similarly emphasizes the need for coordinated international action and stable investment environments to achieve decarbonization goals (IPCC, 2022).