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.

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.

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.  

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.”

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%. 

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.