Shana

Persian Gulf Star Refinery in safe condition

SHANA (Tehran) – The Persian Gulf Star Refinery is operating under safe conditions, and the explosion at Shahid Rajaee Port in Bandar Abbas of the southern province of Hormuzgan has no connection to the refinery’s oil storage tanks or facilities.

Bandar Abbas Oil Refinery operations continue uninterrupted

SHANA (Tehran) - The public relations manager of Bandar Abbas Oil Refining Company stated that operations at the Bandar Abbas Oil Refinery are proceeding without interruption and that the incident at Shahid Rajaee Port has no connection to the refinery.

NPC:

Russia’s lowered import tariffs present new opportunity for petchem industry

SHANA (Moscow) – The CEO of Iran’s National Petrochemical Company announced that Russia has reduced import tariffs on petrochemical products from around 20% to 4%, calling it a significant step in expanding Iran’s exports to Russia.

Focusing on energy, transportation, infrastructure development

Iran-Russia cooperation to enter implementation phase

SHANA (Moscow) – Iran’s oil minister highlighted the outcomes of the 18th meeting of the Iran-Russia Joint Economic Cooperation Commission, stating that the agreements reached outline a framework for long-term collaboration between the two countries. The Oil Ministry will vigorously pursue the practical implementation of these deals.

Iran, Russia agree on first phase of gas imports via Azerbaijan

SHANA (Moscow) – Iran’s oil minister announced that a preliminary agreement has been signed to import 55 billion cubic meters of gas annually (equivalent to roughly 150 million cubic meters per day) from Russia to Iran. He stated that transfer routes were evaluated, and both sides ultimately agreed on a land-based route through Azerbaijan.

Iran, Russia sign agreement for 18th Joint Economic Commission meeting

SHANA (Moscow) – Iran’s oil minister and Russia’s energy minister signed the agreement for the 18th Iran-Russia Joint Economic Cooperation Commission.

Significant growth in Iran-Russia economic ties

SHANA (Moscow) – Russia’s energy minister announced a significant expansion in economic relations between the two countries and highlighted the key role of their joint commission in strengthening cooperation.

Strategic Iran-Russia agreement paves way for deeper energy, economic cooperation

SHANA (Moscow) – Iran’s oil minister said the signing of a comprehensive strategic partnership agreement between the two countries lays the groundwork for expanded cooperation in energy, economic and regional spheres.

Tehran, Moscow enter new, long-term strategic partnership phase

SHANA (Moscow) – The Iranian oil minister emphasized the importance of implementing the Comprehensive Strategic Partnership Agreement, calling for the removal of structural barriers in economic relations and faster execution of bilateral deals.

Successful wrap-up of Iran-Russia expert talks

SHANA (Moscow) – The director-general for Europe, America, and the Commonwealth of Independent States at Iran’s Oil Ministry said discussions on cooperation across 10 specialized working groups were completed, with all challenges and disagreements resolved, leading to a favorable outcome.

Coop with Russia, Eurasia to accelerate Iran’s transformation into regional energy hub

SHANA (Moscow) – The CEO of the National Iranian Gas Company (NIGC) emphasized the need to achieve the objectives of the Seventh Development Plan, announcing the start of negotiations and operational measures to connect to Russian gas supplies.

Oil minister:

Iran-Russia strategic treaty takes effect, marking key step in economic cooperation

SHANA (Moscow) – Iran’s oil minister hailed the approval of a strategic treaty between Iran and Russia as a significant step toward deepening economic ties, stressing that the potential for collaboration between the two nations exceeds what has been realized so far.

Significant progress made on two refinery projects: NIORDC

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced substantial progress on two refinery projects, Sirif and South Adish, stating that the South Adish refinery will be operational by the first half of this year, while the first phase of the Sirif petro-refinery is expected to launch in the first half of next year.

Drilling begins on fifth infill well at South Pars field

SHANA (Tehran) – The supervisor of the 35-well infill drilling project at South Pars Field announced that drilling has begun on the fifth well in the project, located in phases 15 and 16.

Paknejad: Iran-Russia annual trade could surpass $10b

SHANA (Moscow) – Iran’s oil minister said the potential for trade and economic cooperation between Iran and Russia is far greater than $5 billion, adding that the goal is not just to reach $10 billion but to elevate relations to even higher levels through agreed-upon frameworks.

Iranian oil minister arrives at Moscow

SHANA (Moscow) – Iranian Oil Minister Mohsen Paknejad arrived in Moscow on Thursday to attend the 18th meeting of the Iran-Russia Joint Economic Cooperation Commission.

Iran-Russia Energy Transit Project: A mega project to strengthen bilateral ties

SHANA (Moscow) – Iran’s ambassador to Russia, Kazem Jalali, described the Russia-Iran energy transit project as one of the major initiatives aimed at expanding bilateral relations and stressed the need to finalize it.

Iran-Russia Economic Commission symbolizes political will to expand cooperation

SHANA (Moscow) - The deputy for international affairs and commerce at Iran’s Oil Ministry described the Iran-Russia Economic Commission as a symbol of the two countries’ political will to strengthen cooperation and achieve shared successes throughout the year.  

Tehran, Moscow commit to expanding bilateral cooperation, boosting trade 

SHANA (Moscow) - Iran’s ambassador to Russia announced that Iran and Russia are determined to expand bilateral cooperation in various fields, including the International North-South Transit Corridor (INSTC), transit projects and gas transfers. 

Iran, Russia stress strengthening oil, gas cooperation

SHANA (Moscow) – Iran’s deputy minister of international affairs and commerce and Russia’s deputy energy minister emphasized bolstering bilateral cooperation in the oil and gas sector during a meeting.

Domestic goods used in South Pars overhaul 

SHANA (Tehran) - The CEO of South Pars Gas Complex (SPGC) emphasized the importance of high-quality maintenance operations and the use of domestic goods, stating that precise planning and implementation of safety measures during this period are essential.  

Daily production at SP gas field equivalent to 4.5m barrels of crude oil

SHANA (Tehran) – The gas production at South Pars field is equivalent to 4.5 million barrels of crude oil per day, according to the oil and gas engineering director of Pars Oil and Gas Company. He noted that this significant output supplies the majority of Iran’s consumed gas and gas condensates, as well as feedstock for 40% of the country’s gasoline production.

NIOC shifts approach to attracting domestic, int’l investors

SHANA (Tehran) – The head of investment opportunity identification and development at National Iranian Oil Company (NIOC) said the company has changed its approach to offering investment opportunities, emphasizing a new strategy to build mutual trust with investors through incentives.

Oil minister reports on investment conference in oil sector

SHANA (Tehran) – The oil minister presented a report at today’s Cabinet meeting on developments in investment and expansion in Iran’s upstream oil and gas sector.

Iran-Russia economic relations on path to growth

SHANA (Moscow) – The director-general of Russia’s Energy Agency highlighted the growing development of Iran-Russia economic cooperation and stressed the need for increased bilateral talks to strengthen ties, stating that relations between the two countries in various economic sectors are expanding.

Iran’s official oil prices for May announced

SHANA (Tehran) – The National Iranian Oil Company has set the official selling prices (OSP) for its crude oil in May 2025.

Official highlights tracking Iran-Russia oil coop

SHANA (Moscow) – The director-general for Europe, America, and the Commonwealth of Independent States at Iran’s Ministry of Oil said gas trade and petrochemical cooperation will be pursued within the Iran-Russia Economic Cooperation Commission.

Tehran, Moscow agree on key cooperation areas

SHANA (Moscow) – The head of the Russian Energy Ministry’s International Cooperation Department said Tehran and Moscow have reached agreements on a significant portion of their bilateral cooperation areas during economic talks—a development that could open new horizons for deepening Iran-Russia economic relations.

History of Iran-Russia strategic partnership

SHANA (Tehran) – The history of the Iran-Russia Joint Economic Commission reflects the complex relationship between the two nations. From its first session in December 1996 to the 17th meeting in February 2024, these gatherings have not only strengthened economic ties but also demonstrated resilience against Western political pressure and sanctions.

Private sector involvement in oil product distribution

SHANA (Tehran) – The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) announced plans to maximize private sector participation in storage, transportation, and distribution of oil products, stating that government involvement in these areas must be reduced in line with upstream policies and directives.