Tehran, Baghdad stress resolving gas export, payment issues

SHANA (Tehran) – Iran's oil minister emphasized resolving gas export and payment issues during a meeting with Iraq’s electricity minister, expressing optimism that both matters will soon be settled.

Deputy minister urges greater private sector involvement

SHANA (Tehran) - The deputy for legal and parliamentary affairs at the Ministry of Oil emphasized the private sector’s key role in advancing the oil industry’s objectives, stating that the country’s economy remains reliant on oil and that active participation from private sector associations is essential for the industry’s development.  

Energy Exchange CEO:

Market reforms needed to fix Iran’s energy imbalances

SHANA (Tehran) - The CEO of Iran’s Energy Exchange highlighted the country’s significant capacities in oil, gas and other energy carriers, stressing that the only viable solution to address imbalances in the energy market is leveraging transparent and competitive mechanisms through the Energy Exchange.  

Oil and Gas Investment Fund to help rebuild infrastructure

SHANA (Tehran) — The head of the Iranian Parliament's Energy Committee overseeing the implementation of the Seventh Development Plan said the newly established Oil and Gas Investment Fund has played a critical role in rapidly restoring infrastructure damaged during the recent 12-day conflict.

Paknejad calls for peaceful pathways in global energy

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized that aggression against energy-producing countries violates international law and threatens global stability, stating that the energy industry—particularly oil—requires peace and stability to fulfill its role in enhancing prosperity at national, regional, and global levels.

Iran’s Role in Europe’s Energy Security Equation

SHANA (Tehran) - Iran-US nuclear talks are underway. These talks aim to lift sanctions on Iran to allow the Islamic Republic to sell oil and facilitate banking transactions. Iran’s former ambassador to France, Abol Qasem Delfi, tells “Iran Petroleum” that Iran would return to Europe’s energy market should talks with the United States pay off. He said the Europeans do know that Iran can be a reliable supplier of Europe’s energy needs due to its rich oil and gas deposits.

AI and Its Impact on the Energy Sector 

Artificial Intelligence has emerged as an important technology that is transforming the energy sector in a way probably never been experienced before. Innovations in AI are taking place quite rapidly, and new horizons and changes are virtually on a daily basis. AI was earlier thought to have much to do with the renewable sources of energy, but in recent times, it is increasingly penetrating the conventional energy sector as well.

Highlighted role of consumption optimization in addressing energy imbalance

SHANA (Tehran) – Senior officials at the Ministry of Oil stressed the vital role of the Fuel Consumption Optimization Company in reducing energy imbalances and achieving smart governance. They highlighted the necessity of leveraging young, expert, and strategic managers to overcome challenges in the energy sector.

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.