Shana

Second Day of 19th Iran-Russia Joint Commission outlined

SHANA (Tehran) – The Iranian Oil Ministry’s director general for Europe, America and the Commonwealth of Independent States outlined developments on the second day of the 19th Iran-Russia Joint Commission on Economic Cooperation.

Diesel imbalance contained, says association head

SHANA (Tehran) – The secretary-general of the Oil Refining Industry Employers Association said the country’s diesel imbalance was contained in the Iranian year 1404 and expressed hope that consumption management measures would enable Iran to become an exporter of key products in the coming years.

Iranian oil minister meets Russian energy minister

SHANA (Tehran) — Iran’s oil minister met with Russia’s energy minister ahead of the 19th Joint Economic Cooperation Commission between the two countries in Tehran.

Gas tariff reform aims to optimize consumption

SHANA (Tehran) – The CEO of the National Iranian Gas Company said gas tariff reforms are designed to improve consumption patterns rather than increase government revenue, stressing that smart management of consumption data, stronger network maintenance and precise implementation of optimization programs have helped stabilize the country’s gas network.

Economic alliance against sanctions: A historic opportunity for Iran, Russia

SHANA (Tehran) – The intensification of Western sanctions and shifting global power dynamics have opened a new phase in economic cooperation between the Islamic Republic of Iran and the Russian Federation, presenting a historic opportunity for both countries to expand their economies.

Iran, Russia review progress on previous agreements

SHANA (Tehran) — Iran and Russia held consultations on the implementation of previous agreements during the opening day of the 19th Joint Economic Commission, a senior Iranian oil official said Monday.

Seventh Development Plan prioritizes completion of methanol chain

SHANA (Tehran) — The CEO of Fanavaran Petrochemical Company said Iran’s Seventh Development Plan places strong emphasis on completing the methanol value chain, stressing that selecting the right projects is critical to the petrochemical industry’s future.

Simultaneous development of three greenfield reservoirs resumes after 15-year pause

SHANA (Tehran) – The Engineering and Construction Director of the National Iranian Central Oil Company (NICO) announced the simultaneous development and production of three greenfield reservoirs—Dey, Khartang, and Tous—after a 15-year hiatus in the expansion of new fields under the company’s oversight.

Farzad field jacket heads for Iran-Saudi offshore border

SHANA (Tehran) – The project manager for development of the joint Farzad field said the first jacket for the Farzad B gas field has been successfully loaded and will soon be transported for installation in the Persian Gulf.

NISOC: A driver of energy stability and the national economy

SHANA (Tehran) – The year 1404 can be regarded as a period in which the National Iranian South Oilfields Company (NISOC) further consolidated its position as one of the strategic pillars of the country’s oil industry and a principal component of Iran’s energy portfolio. At a time when the stability of energy production plays a direct role in economic stability, national resilience, and the realization of the Seventh Development Plan’s objectives, the company’s performance can be assessed not merely as that of an operational entity, but as a key contributor to the broader energy economy.

Iran, Russia to finalize six cooperation documents at joint commission

SHANA (Tehran) — Iran and Russia are set to finalize six separate cooperation documents following negotiations by 16 working groups during the first two days of the 19th Iran-Russia Joint Economic Commission, a senior Iranian oil official said Monday.

More than 2,000 goods eligible for trade between Iran, Russia

SHANA (Tehran) — The Russian secretary of the Iran-Russia Joint Economic Commission said more than 2,000 categories of goods and services can be exchanged between the two countries, adding that bilateral trade has reached $4.7 billion, according to the latest figures.

19th Iran-Russia Joint Commission to cement long-term ties

SHANA (Tehran) – Iran views the 19th meeting of the Iran-Russia Joint Economic Commission as an opportunity to turn understandings into executable projects and tangible results, a senior oil ministry official said Monday.

19th Iran-Russia Joint Commission meeting kicks off in Tehran

SHANA (Tehran) — The 19th session of the Iran-Russia Joint Commission on Economic Cooperation began in Tehran on Monday.

Iran, Russia aim for $20b in annual trade

SHANA (Tehran) — Iran and Russia are aiming to increase their annual bilateral trade to $20 billion, a senior Iranian oil ministry official said Monday, as the two countries opened a joint economic commission in Tehran.

Tehran and Moscow’s economic convergence;

A strategic partnership in emerging global order

SHANA (Tehran) – The Iran–Russia Joint Economic Commission, the most important official mechanism for expanding bilateral cooperation, has played a central role over the past two decades in strengthening economic, energy and trade relations between Tehran and Moscow. Amid geopolitical shifts and intensified Western sanctions, the commission has increasingly become a strategic platform for expanding long-term cooperation between the two countries.

Productivity at NIDC rises to 77%

SHANA (Tehran) – The CEO of the National Iranian Drilling Company praised employees for their efforts in achieving operational and technical service targets, announcing that productivity increased from 72% to 77% this year, while waiting time declined from 15% to 10%.

MoU inked to optimize energy consumption

SHANA (Tehran) – A memorandum of understanding aimed at reducing fuel intensity and increasing efficiency in power plants, backed by investment from the petrochemical industry, was signed between the National Petrochemical Company and the Thermal Power Plants Holding Company in the presence of the deputy oil minister.

Oil Ministry takes major step in APG recovery with private sector partnership

SHANA (Tehran) – The Oil Ministry’s simultaneous pursuit of large national projects and private sector capacity — backed by innovative contracts — has turned the long-standing ambition of flare and associated petroleum gas (APG) recovery into an achievable target.

19th Iran-Russia Joint Commission a milestone for expanding cooperation

SHANA (Tehran) – Oil Minister Mohsen Paknejad described the upcoming 19th meeting of the Iran-Russia Joint Economic Cooperation Commission as a key opportunity to deepen strategic ties between Tehran and Moscow.

Sustainable fuel supply through higher output, demand management

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the refining industry under the 14th administration has reached stability after overcoming fuel imbalances and severe consumption pressures. He cited higher production, a halt to diesel imports, demand management, pipeline expansion and progress in quality-upgrade projects as the main drivers of the shift.

Energy imbalance eases under current gov’t

SHANA (Tehran) – The performance of the National Iranian Oil Refining and Distribution Company (NIORDC) under the 14th government shows that a combination of higher production, improved fuel quality, demand management, infrastructure expansion and balanced reserves helped reduce the country’s energy imbalance and strengthen the stability of fuel and power networks.

Public turnout at Islamic Revolution anniv. rally sends clear message to adversaries

SHANA (Tehran) – Oil Minister Mohsen Paknejad, marking the 47th anniversary of the Islamic Revolution, said public participation in the 22nd of Bahman (February 11) rally sends a clear message to Iran’s adversaries and stressed that the government is working to improve people’s livelihoods and economic conditions.

New list of Iranian E&P companies released

SHANA (Tehran) –The deputy oil minister for engineering, research and technology announced the release of an updated list of Iranian exploration and production (E&P) companies, saying a new round of evaluations is scheduled for the coming weeks.

Aligning corporate interests with petrochemical utility pricing arbitration

SHANA (Tehran) – The CEO of Arya Sasol Polymer Company said transferring authority for utility pricing arbitration to the National Petrochemical Company (NPC) reflects recognition of the petrochemical industry’s role in the national economy and, if properly implemented, could strengthen a development-oriented approach at companies and align government and corporate interests.

Oil industry plays key role in countering external pressure

SHANA (Tehran) – Iran’s oil minister marked the 47th anniversary of the Islamic Revolution by stressing the need to preserve unity within the oil industry, strengthen domestic capabilities and make full use of human capital, saying the sector plays a central role in countering external pressure and boosting the country’s economic resilience.

Digital oil field: A step toward smarter decision-making

SHANA (Tehran) - The CEO of the National Iranian South Oilfields Company emphasized the need for the oil industry to move toward data-driven management and intelligent decision-making, saying that in today’s global oil industry, competitive advantage lies not only in production but in data analysis and preventive decision-making. As a result, digitalizing oil fields has become an unavoidable necessity.

Gas microturbine a successful example of knowledge-based technology

SHANA (Tehran) — A national gas microturbine project is a clear example of a successful knowledge-based product and is expected to play a key role in Iran’s future energy mix, a senior official with the National Iranian Oil Company said. Mahdia Motahari, director of research and technology at NIOC, said the project improves energy efficiency, aligns with energy security strategies and can be developed at multiple scales, making it strategically important for the country.

Gas microturbine with combined power and heat production comes online

SHANA (Tehran) - The CEO of the Fuel Consumption Optimization Company announced the official commissioning of a first-of-its-kind gas microturbine, saying the unit can simultaneously generate 60 kilowatts of electricity and 120 kilowatts of heat—an important achievement in energy efficiency.

Success of first-of-a-kind production hinges on entry into oil supply chain

SHANA (Tehran) — Iran’s deputy oil minister for engineering, research and technology said first-of-a-kind production efforts achieve true success only when their products are fully integrated into the oil industry’s supply chain, citing the national gas microturbine project as a successful example of domestic development of advanced technologies.