Renewables development seen as solution to energy imbalance

SHANA (Tehran) – Renewable energy development is one of the most effective ways to address the country’s energy imbalance, a member of the Iranian Parliament’s Industries and Mines Committee said.

Energy optimization equal to six phases of South Pars:

A new opportunity for energy operators

SHANA (Tehran) – Iran’s Seventh Development Plan aims to prevent the daily waste of energy equivalent to 1.285 million barrels of oil, or more than 150 million cubic meters of natural gas — a target that creates an attractive market and valuable opportunity for private sector energy operators and technology firms.

Deputy minister:

Iran, Russia to boost cooperation in energy technology

SHANA (Tehran) – Iran’s deputy oil minister said Iranian specialists and companies possess expertise in many fields that can be shared with Russian counterparts, while Iranian firms also stand to benefit from Russian technologies in key areas.

Emphasis on clean energy development in Seventh Development Plan

SHANA (Tehran) – The head of the Parliament’s Energy Committee said one of Iran’s main priorities is moving toward clean energy, announcing that a specific share of the country’s electricity must be generated from renewable sources, including solar and wind power plants, under the Seventh Development Plan.

Energy Operator Companies: A new model for public-private partnership in Iran’s gas sector

SHANA (Tehran) – The director of integrated planning at the National Iranian Gas Company (NIGC) stressed the importance of implementing the “operator company” model to foster private sector participation across the company’s operational chain, saying the main goal of this initiative is to optimize energy consumption and boost efficiency.

President: Ensuring power, gas for producers is a gov’t priority

SHANA (Tehran) – President Masoud Pezeshkian said ensuring a reliable supply of electricity and gas for manufacturers and industrialists is a definitive priority for his administration.

IRENEX aims to optimize gas use, curb fuel smuggling

SHANA (Tehran) – The Iran Energy Exchange (IRENEX) has become an effective tool for optimizing consumption, financing energy projects and combating fuel smuggling by creating a transparent platform for gas and oil products.

Transparency, public awareness key to tackling energy imbalances

SHANA (Tehran) – The social adviser to the president said addressing the country’s energy imbalance requires transparency, open dialogue with the public, and cultural awareness, warning that without social reforms, imports and investments will be ineffective.

Power plants, industries among top energy consumers; efficient use essential

SHANA (Tehran) – Masoumeh Aqapour, an adviser to the president, said Monday that energy efficiency should not be limited to the final stage of consumption but must cover the entire production chain, particularly power plants and major industries, which are the largest energy consumers.

Tehran, Yerevan discuss expanding energy ties

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company met with Armenia's economy minister and deputy minister to discuss expanding energy cooperation and developing the trade of oil products between the two countries.

Technocracy-Based Energy Diplomacy

SHANA (Tehran) - As soon as President Donald Trump took office in the United States, the global economy, in general, and the energy market, in particular, underwent significant changes. Over the past few months, the Trump-led US and China have been engaged in a tough trade war, reciprocating with heavy tariffs on imports from each other. The tariff war has added to concerns over the negative impact of US trade tariffs on demand for fuel, slashing around $2 from crude oil prices. Trump’s tariff policy, designed to plug the US budget deficit, has either directly or indirectly affected other countries. Iran has not been immune.

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.