Energy
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Improved productivity, reduced imbalance through energy optimization
SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) emphasized that energy optimization is not just an environmental and global necessity but has also become a multidimensional concept in production processes and facilities by increasing economic benefits and reducing imbalances.
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Parliament backs easier investment in oil, energy
SHANA (Tehran) – A member of the Parliament’s Energy Committee emphasized the committee’s support for attracting investment in the oil and gas sector, stating that the legislature is focused on passing laws and regulations to facilitate domestic and foreign investment in the energy sector.
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Energy Ministry proposal under review
SHANA (Tehran) - A member of the Iranian Parliament’s Energy Committee said the proposal to establish an Energy Ministry is under review, with the goal of consolidating the country’s energy sector management. However, further discussions are needed on implementation and organizational structure.
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Venezuela Energy Supply and Exports
SHANA (Tehran) - Venezuela was once a prominent oil market player in the world. For years, it has been experiencing a sharp decline in its energy supply due to political tumults along with economic mismanagement and international sanctions. By late 2024, the oil and gas production outlook in Venezuela indicates an intertwined layer of challenges and gradual improvement, impacting both local affairs and exports.
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Paknejad meeting with Iraqi minister
SHANA (Tehran) – Iranian Oil Minister Mohsen Paknejad held a meeting with Iraqi Electricity Minister Ziad Ali Fadel in Tehran on May 13, 2025.
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President Pezeshkian:
Economic recovery depends on subsidy, consumption reform
SHANA (Tehran) – President Masoud Pezeshkian said reforming consumption patterns, increasing productivity, and fairly distributing subsidies are among the government’s top priorities to overcome the current crisis. He stated that nearly $150 billion in hidden energy subsidies are paid annually, adding that proper management of these resources would eliminate poverty in the country.
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Tehran, Niamey to focus on oil, energy cooperation
SHANA (Tehran) – Iran’s first vice president announced that Iran is ready to cooperate with Niger in agriculture and energy, adding that the two nations can also share expertise in new technologies and artificial intelligence.
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Expert meetings begin for Iran-Russia Joint Economic Commission
SHANA (Moscow) – The expert meetings of the 18th Iran-Russia Joint Economic Cooperation Commission began Wednesday in Moscow at the Russian Energy Agency. Specialized working groups from both countries convened to discuss bilateral cooperation.
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Historic Chance for Iran to Enter European Energy Market
SHANA (Tehran) - Amid US President Donald Trump’s threats to squeeze Iranian oil exports down to zero while increasing tariffs for many countries, seasoned Iranian diplomat Ramin Mehmanparast says Iran is facing a historic opportunity to benefit from the ongoing tariff war between the United States and the European Union (EU). In an interview with” Iran Petroleum”, he stated that Iran can meet the EU’s commodity needs via the North-South corridor.
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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.
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Gov’t Spox:
Energy diversification a top priority for gov’t
SHANA (Tehran) – Government spokesperson Fatemeh Mohajerani said Tuesday that utilizing clean energy and diversifying the energy portfolio are key priorities for the administration, which will help reduce power outages for industries.
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Energy Market Outlook in New Syria
SHANA (Tehran) –Since the early 2000s, the Syrian energy market has experienced significant development with some turning points in 2011 and afterwards. Primarily characterized by relative self-sufficiency and export capabilities, the market is now known for its sharp decline, dependence on foreign countries, and paralyzing sanctions.
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$30b Investment Eyed in Energy Efficiency
SHANA (Tehran) – Given Iran’s growing energy consumption, the Ministry of Petroleum has announced the necessity of investing at least $30 billion in energy efficiency projects.
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Mideast Impact on Energy Market
SHANA (Tehran) – The Middle East’s geopolitical outlook has significantly impacted global energy developments due to the crucial role of the region in oil and gas production.
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Public relations play great role in managing energy imbalance
SHANA (Tehran) – The director-general of public relations at the Ministry of Oil highlighted the role of public relations in managing energy imbalance and emphasized the importance of fostering a culture of optimal energy consumption.
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Vice president:
Government bent on resolving energy imbalance
SHANA (Tehran) – Hossein Afshin, Vice President for Science, Technology, and Knowledge-Based Economy, stated that the 14th government is committed to resolving the energy imbalance within the next three years.
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Special meeting of Parliament’s Energy Committee
SHANA (Tehran) – A meeting of the Parliament’s Energy Committee was held on Sunday, January 5, 2025 attended by Mohammad-Baqer Qalibaf, Speaker of Parliament, Mohsen Paknejad, Oil Minister, and Abbas Aliabadi, Energy Minister.
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President orders formation of Energy Optimization and Strategic Management Organization
SHANA (Tehran) – The president ordered the establishment of an Energy Optimization and Strategic Management Organization during a meeting of the working group on addressing gas sector energy imbalances. The meeting was attended by the heads of the three branches of government.
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Comprehensive efforts by Oil Ministry to address energy imbalance
SHANA (Tehran) – The oil minister highlighted that the country faces a significant energy imbalance and said the ministry is fully committed to ensuring the fuel supply needed to address this issue.
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Pezeshkian urges energy efficiency education in gov’t bodies
SHANA (Tehran) – The president stressed the need for training programs on efficient energy use across all government bodies, as well as promoting public awareness and education on energy conservation.
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Member of Parliament’s Energy Committee:
Aging power plants are a key cause of energy imbalance
SHANA (Tehran) – A member of Parliament’s Energy Committee stated that one of the main reasons for energy imbalance is the aging infrastructure of power plants.
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Meeting on optimal management of energy imbalances
SHANA (Tehran) – President Masoud Pezeshkian attended a meeting at the Ministry of Interior in Tehran on Friday, December 27, 2024 to discuss the state of energy production and supply, as well as the optimal management of energy imbalances in major cities. The session included the ministers of interior, oil, energy, and industry, mine and trade, along with relevant deputies and the governor general of Tehran Province.
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President: Collaborative efforts help overcome challenges in energy supply
SHANA (Tehran) – The president emphasized that despite predictions of heightened energy imbalances in the ninth month of the current Iranian calendar year, the nation has successfully averted the anticipated challenges in energy and electricity supply.
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Third meeting on energy shortage
SHANA (Tehran) – The third meeting on addressing energy shortages was held on December 23, 2024, hosted by Oil Minister Mohsen Paknejad, with members of the Parliament's Energy Committee in attendance.
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Gov’t spokesperson praises public, energy staff for their support
SHANA (Tehran) – The government spokesperson expressed gratitude to citizens for their participation in the “2 Degrees Less” campaign, which aimed to reduce energy consumption during the recent cold spell.
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VP says Iran's energy consumption levels are unprecedented globally
SHANA (Tehran) – Iran’s First Vice President Mohammadreza Aref stated that the country’s energy consumption intensity is unparalleled globally, adding that efforts to address environmental challenges have often been obstructed by populist rhetoric.
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Aref: Energy shortages will be resolved with ongoing measures
SHANA (Tehran) – Iran's First Vice President Mohammadreza Aref said that the imbalance in gas and electricity supply would be addressed through ongoing measures and initiatives.
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President:
Iranians consume over two times more energy than Europeans
SHANA (Tehran) – President Masoud Pezeshkian highlighted the excessive energy consumption in Iran, stating, "We use more than two to three times the electricity and gas consumed by European countries.”
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Veep: State-run bodies should halve energy consumption
SHANA (Tehran) – The first vice president announced the government’s commitment to addressing imbalances, stating that energy consumption by government entities must be reduced by 50%.
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Gov’t spox:
Quick fixes no longer address structural energy shortages
SHANA (Tehran) – The government spokesperson said that the current structural energy shortages are not limited to the three years of late president Ebrahim Raisi’s administration or the eight years under president Hassan Rouhani.