Shana

Pezeshkian stresses smart management of imbalances based on consumption data

SHANA (Tehran) – The president emphasized the need for intelligent and precise management of imbalances, stating that accurate data on individual and household consumption will be collected to develop an actionable plan.

Unveiling of beta financing package: A new step in upstream oil, gas development

SHANA (Tehran) – Iran’s Oil Industry Research and Technology Fund introduces the "Beta" financing package (Powered by Iran) at an event focused on investment and development in upstream oil and gas.

Fuel sales at Parvizkhan border to be organized

SHANA (Tehran) – The CEO of National Iranian Oil Products Distribution Company emphasized the need to properly organize fuel sales at the Parvizkhan border, stating that achieving this goal requires cooperation from the Kermanshah Provincial authorities and other local agencies.

Iran to unveil 200 oil Industry investment opportunities

SHANA (Tehran) - The investment and business director of the National Iranian Oil Company (NIOC) described the oil industry as an international sector, stating, “Iran is a paradise of opportunities for investors.”

Energy conservation is essential, says Leader

SHANA (Tehran) - Leader of the Islamic Republic Ayatollah Ali Khamenei stated that pressing issues such as excessive gasoline consumption, insufficient progress in educational equity and the struggles of disadvantaged groups can be resolved through persistent follow-up efforts.

Iran, Russia stress development of joint oil fields

SHANA (Tehran) – Iran’s Oil Engineering and Development Company and Russia’s ZNV Vostok reviewed existing challenges and emphasized strengthening technical cooperation and accelerating development projects in shared oil fields.

Representatives from 30 countries to attend Iran’s Upstream Oil Investment Transformation Event

SHANA (Tehran) – Representatives from 30 countries across Europe, South America, Asia and Africa have expressed readiness to attend Iran’s Upstream Oil and Gas Investment Transformation event.

Convergence of oil and politics: From Muscat to Tehran

SHANA (Tehran) – As Iran’s foreign policy team negotiates to lift sanctions, the Ministry of Oil, tasked with energy diplomacy, has been actively preparing to attract both domestic and international investors.

5.5% rise in Nowruz travel with historic fuel consumption record

SHANA (Tehran) – The head of Iran’s Traffic Police announced that during the Nowruz 2024 operations, a historic fuel consumption record was broken, reaching 164 million liters on March 19, while travel increased by 5.5% compared to last year.

Do’s and don’ts of attracting investment in oil industry

SHANA (Tehran) – Former CEO of Petroleum Engineering and Development Company (PEDEC) believes to attract investors in the oil industry, we must diversify long-term contracts, increase their operational flexibility, and remove obstacles.

Paknejad:

Iraqi fields to supply feed for Iran’s NGL units

SHANA (Tehran) – Iran’s oil minister announced the signing of a memorandum of understanding to transfer feed for domestic natural gas liquids (NGL) units from fields near the Iran-Iraq border into the country.

Constructive reforms, investment opportunities pave way for oil industry growth

SHANA (Tehran) – The former head of international affairs at the National Iranian Oil Company (NIOC) stated that introducing investment opportunities alongside constructive reforms can enhance success in attracting capital, adding that this approach fosters sustainable growth in the oil industry.

Iran, Iraq ink MoUs to enhance joint cooperation

SHANA (Tehran) – Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad, received Iranian Oil Minister Mohsen Paknejad on Monday. During the meeting, prospects for joint cooperation between the two countries were discussed.

Oil: A low-risk, high-return sector for investors

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) described investment in the oil industry as a prime opportunity for economic stakeholders, saying, "Lower risk and higher returns have made oil sector investments a lucrative prospect."

NIOPDC enjoys 16,000 road tankers in service; fleet stretches 176 kilometers

SHANA (Tehran) – The National Iranian Oil Products Distribution Company (NIOPDC) operates approximately 16,000 road tankers and 2,635 rail tankers. The company's road fleet, if lined up, would stretch about 176 kilometers—equivalent to the distance between Tehran and Amol or Chalus.

Iran’s oil minister arrives in Baghdad

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad arrived in Baghdad on a two-day visit to discuss expanding energy cooperation between Iran and Iraq.

First VP honors female fuel delivery drivers

SHANA (Tehran) - Two female tanker drivers from Semnan and Fars provinces were recognized as top fuel distributors by National Iranian Oil Products Distribution Company in a ceremony attended by the first vice president.  

NIOC invites ambassadors to participate in Iran Oil Show

SHANA (Tehran) — The head of public relations for the National Iranian Oil Company invited foreign ambassadors to take part in the 29th Iran International Oil, Gas, Refining, and Petrochemical Exhibition, urging them to encourage businesses and industrialists from their countries to attend.

Oil industry seeks reinvention through investment, technology 

SHANA (Tehran) - The deputy investment manager of the National Iranian Oil Company outlined strategic measures to strengthen Iran’s global position in the oil and gas sector, stating: "We aim to reinvent upstream operations through advanced technology, sustainable approaches and foreign direct investment.”

Iran Oil Show: A golden opportunity for int’l cooperation

SHANA (Tehran) – The deputy minister of international affairs and commerce for Iran’s oil minister emphasized the importance of energy diplomacy, stating that the upcoming Tehran International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show) offers unparalleled opportunities to expand global cooperation in the industry.

Triple proposal to attract oil giants: Reform, revision, diplomacy

SHANA (Tehran) – A former deputy international affairs minister at Iran’s Oil Ministry stated that domestic resources alone cannot meet the developmental needs of the oil industry, proposing three key measures: reforming decision-making structures, revising contractual models, and a strategic return to diplomatic engagement to facilitate the entry of major global oil companies into Iran’s energy sector.

ICOFC says investment opportunities worth $9b up for grab

SHANA (Tehran) – The CEO of the Iranian Central Oil Fields Company (ICOFC) said the company has prepared 11 investment packages worth approximately $9 billion to develop gas fields. Once operational, these projects will increase the country's daily gas production capacity by 100 to 140 million cubic meters.

West Karoun Power Plant injects 200 MW into national grid

SHANA (Tehran) - The director of the West Karoun Power Plant construction project and its ancillary facilities said the plant’s units are injecting more than 200 megawatts of electricity into the national grid.  

Iranian oil minister to visit Iraq

SHANA (Tehran) - Iran’s Oil Minister Mohsen Paknejad announced he will travel to Iraq in the coming days, highlighting strong bilateral relations and cooperation in various fields, particularly in the oil industry and joint energy projects.  

POGC head calls attractive contract models, key to oil investment

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) said identifying opportunities, outlining investment risks, and enhancing the appeal of contract models are the most important factors in attracting investment to the oil industry.

Oil Ministry official calls for urgent reforms to optimize energy use

Incorrect competition in energy production, consumption must stop

SHANA (Tehran) – The assistant to Iran’s oil minister for energy optimization said the country is facing a "wrong competition" in energy production and consumption that must be stopped.

NIORDC on track of reform: From imbalances to unfinished projects

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) outlined the company’s key initiatives for the Iranian year 1403 and upcoming plans for 1404, including completing unfinished projects, reducing fuel smuggling, and increasing production of petroleum products.

Arvandan Oil & Gas Company explores tech coop with Russian firm

SHANA (Tehran) – A joint meeting between executives from Arvandan Oil and Gas Company and a leading Russian firm was held to discuss technological needs and exchange expertise in advanced energy solutions.

Oil industry PR network should be strengthened

SHANA (Tehran) – The director-general of public relations for the Ministry of Oil emphasized that establishing positive and sustainable communication channels between the organization and its PR teams is essential for better crisis management and achieving organizational goals.

High gasoline consumption poses serious threat to national resources

SHANA (Tehran) – The average daily gasoline consumption during the Nowruz holidays in 2024 reached 134.5 million liters—nearly double the average consumption in Germany.