Oil industry key to Iran’s economic growth, says lawmaker

SHANA (Tehran) – A member of Parliament’s presiding board emphasized that the International Oil Exhibition showcases the achievements and successes of the industry, stating: "The oil industry, as the driving force of the national economy, plays a decisive role in the country’s development and progress."

Investment in upstream oil sector key to economic growth

SHANA (Tehran) – The vice chairman of the Iranian Parliament’s Energy Committee said investment in the upstream oil sector is a strategic move that drives economic growth, improves livelihoods and enhances public services.

$200m investment to capture flare gas  

SHANA (Tehran) - The CEO of Hoveyzeh Persian Gulf Gas Refining Company announced development plans in the upstream sector aimed at ensuring stable feedstock for petrochemical plants. The company has prioritized capturing associated gas from the Darkhovein and West Karun gas fields.  

Iran Oil Show symbolizes self-reliance, inspires hope

SHANA (Tehran) – The director-general of public relations at the Ministry of Oil said one of the key goals of the oil exhibition is to strengthen self-confidence and inspire hope among the country’s technical experts. He noted that around $200 million in contracts for first-time domestic production were signed with knowledge-based companies during the event.

BIPC invests to complete value chain

SHANA (Tehran) – The CEO of Bandar Imam Petrochemical Complex (BIPC) said the company’s investment in the Marun Petrochemical Diamond Project is a key step toward completing the value chain for its products.

Oil minister reports on Iran Oil Show 2025 at cabinet meeting

SHANA (Tehran) – Oil Minister Moussen Paknejad provided a detailed report on the 29th International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show 2025) during a cabinet meeting on Sunday afternoon, May 11.

$100m in first-time production contracts signed at Iran Oil Show 2025

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) said the total value of four first-time production contracts signed at the oil exhibition was about $100 million.

$1b gas field development contract inked

SHANA (Tehran) – A contract to develop the Gouran and Pazan gas fields was signed between the National Iranian Oil Company (NIOC) and three domestic companies on the final day of the 29th Iran International Oil, Gas, Refining, and Petrochemical Exhibition.

Head of Mostazafan Foundation visits Iran Oil Show 2025

SHANA(Tehran) - Major General Hossein Dehqan, Sunday, May 11, on the final day of the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025), visited the exhibition booths accompanied by Hamid Bovard, Managing Director of the National Iranian Oil Company.

MoU signed Khayam gas field development

SHANA (Tehran) - A memorandum of understanding was signed between National Iranian Oil Company and Farzanegan Energy Pars for the development of the Khayyam gas field, with a $450-million investment on the last day of the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025).

Caspian Sea deepwater drilling project to resume

SHANA (Tehran) – The CEO of Khazar Exploration and Production Company (KEPCO) announced the resumption of exploratory activities in the shallow waters of the Caspian Sea after 28 years, adding that a return to deepwater drilling is also on the agenda. A semi-submersible platform, which had been completely idle since 2014, will return to operation after necessary repairs.

PBO: Oil industry is driving force of Iran's economy

SHANA (Tehran) – The head of Iran’s Plan and Budget Organization described the oil, gas, refining and petrochemical industries as the driving force of the country’s economy, stating, "Our top priority in the ‘Year of Investment for Production’ is special attention to the energy sector."

NPC: 15 petchem projects worth $6b to come online in 1404

SHANA (Tehran) –The CEO of the National Petrochemical Company announced the launch of 15 petrochemical projects worth $6 billion in 1404 (2025-26), adding three new products to Iran’s petrochemical portfolio.

Paving way needed for private sector in oil industry

SHANA (Tehran) – The head of Iran’s Supreme Audit Court said government and quasi-government entities must create space for private sector activity in the oil industry.

Gov’t spox praises oil industry staff’s efforts

SHANA (Tehran) – The government spokesperson acknowledged the efforts of the Ministry of Petroleum last year to ensure optimal winter fuel supply, stating: "As a fellow citizen, I appreciate the hardworking individuals in the oil industry."

ICOFC reports 10 mcm increase in gas production

SHANA (Tehran) – The CEO of Iranian Central Oil Fields Company (ICOFC) highlighted the company’s major role in supplying the country’s onshore gas while simultaneously managing production and development operations.

Iran plans to extract 722 mcm of gas from South Pars

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) announced that the strategic management plan for the South Pars gas compression project was formally handed over to the company last week.

Sina Energy Holding signs deals with Russian, Iranian companies

SHANA (Tehran) – Three contracts and one memorandum of understanding were signed between a subsidiary of Sina Energy Holding and the Russian companies ZN Vostok and Soyuzkhim Export, and the Iranian company Petro Iranian Karkheh.

Iran to launch 60,000-barrel Siraf Refinery by March 2026

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced that a 60,000-barrel refinery in the Siraf region will become operational by the end of the current Iranian year (March 2026).

NISOC plays vital role in Iran’s economy, energy production: CEO

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) emphasized the critical role of the company in securing the country’s energy supply, reporting a significant increase in oil and gas production last year.

PEDCO prioritizes tech in oil, gas projects

SHANA (Tehran) – The CEO of Petroiran Development Company (PEDCO) announced the implementation of offshore and onshore projects, stating that expanding the drilling fleet, leveraging technology-based capabilities, and integrating expert graduates into the organizational structure are key priorities for the company.

MoU signed to replace 1m low-consumption heaters

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) reported on the beginning gas heaters optimization plan with high efficiency.

Gov’t spox:

Young engineers key to unlocking oil industry challenges

SHANA (Tehran) – Government spokesperson Fatemeh Mohajerani said Saturday that young engineers in the oil industry have successfully addressed key challenges in the sector, emphasizing the government’s duty to support them and help resolve obstacles.

IOPTC inks two MoUs with NTBFs

SHANA (Tehran) – Iran Oil Pipelines and Telecommunications Company (IOPTC) signed two memorandums of understanding (MoUs) in the field of pipeline physical monitoring with new technology-based firms (NTBFs).

Oil minister’s visit to Iran Oil Show 2025 on Second Day

SHANA (Tehran) – On the second day of the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025), at its busiest hour—when the sun hammered down on the metal roofs of the exhibition booths—Oil Minister Mohsen Paknejad began touring the industry’s largest festival.

10 MoUs signed for Gachsaran oil, gas development projects

SHANA (Tehran) – On the second day of the 29th Iran International Oil, Gas, Refining, and Petrochemical Exhibition, Gachsaran Oil and Gas Company took a major step toward developing specialized equipment and supporting new technology-based firms by signing 10 contracts and memorandums of understanding with domestic firms.

Major transformation in IOTC' maritime fleet

SHANA (Tehran) – At the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025), the Iranian Oil Terminals Company (IOTC) unveiled a comprehensive plan to rebuild and modernize its maritime operational fleet. The initiative aims to enhance safety, boost productivity, reduce reliance on leased vessels, and increase operational capacity.

Oil exhibition provides opportunity for public-private sector collaboration

SHANA (Tehran) – The CEO of Lavan Special Economic Energy Zone emphasized the need to realize the goal of "investment for production" in the oil industry, stating that the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025) presents a valuable opportunity for cooperation between the public and private sectors.

Technology essential to move from research to operations

SHANA (Tehran) – At a specialized meeting, the deputy supervisor of production for shared oil and gas fields at the National Iranian Oil Company (NIOC) said Iran’s innovation and technology ecosystem has diverged from practical realities and must shift from a research-oriented approach to serving operational forces.

40% increase in liquid fuel delivery to power plants in 1403

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced a 40% increase in liquid fuel delivery to power plants in the Iranian year 1403 (ended March 20) compared to 1402, stating that 21.8 billion liters of liquid fuel were supplied to power plants last year.