Oil industry requires massive investment

SHANA (Tehran) - A faculty member at Allameh Tabataba'i University stated that the oil industry requires substantial investment, emphasizing that existing perspectives on concession agreements need revision.

Upstream energy investment transformation event to be held in Tehran

SHANA (Tehran) – The Strategic Transformation in Iran’s Upstream Oil and Gas Sector event, aimed at unlocking investment and financing in National Iranian Oil Company (NIOC) projects, will take place on April 15, in Tehran.

Investment in Band Karkheh oil field development approved by Economic Council

SHANA (Tehran) – The Economic Council, during its meeting on Monday, reviewed and approved a request from the Ministry of Oil to amend a previous resolution regarding a gas supply project for power plants on Kish Island and to invest in the development and operation of the Band Karkheh oil field.

Bandar Imam Petrochemical Company invests $150m in Hoveyzeh Persian Gulf Refinery

SHANA (Tehran) – The CEO of Bandar Imam Petrochemical Company announced the construction of two pipelines and the completion of the second phase of the Hoveyzeh Persian Gulf Gas Refinery, funded by a $150 million investment from the company.

Paknejad:

Iran’s oil sector offers great investment opportunities for Russians

SHANA (Tehran) – Iran’s oil industry is a treasure trove of investment opportunities, Oil Minister Mohsen Paknejad said Friday, adding that favorable conditions exist for Russian companies to invest in the sector.

Paknejad announces $120b investment to boost oil, gas production

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized that a total of $120 billion is needed to achieve the quantitative goals of the 7th Development Plan, aimed at increasing oil and gas production capacity.

Paknejad:

Oil Ministry prioritizes safe, transparent environment for investors

SHANA (Tehran) –Minister of Oil Mohsen Paknejad announced his ministry’s readiness to collaborate with the private sector and chambers of commerce to achieve the nation’s overarching economic goals.

Foreign Investment Quadrupled in Oil Industry

SHANA (Tehran) - The head of the parliament’s energy committee has said that foreign investment in Iran’s oil industry quadrupled during the 3 years of the 13th administration in office.

Iran Invests $6.5b in Oil Industry Upstream Sector

SHANA (Tehran) -- Some 6.5 billion dollars were invested in oil industry’s upstream sector on average per year under the incumbent administration, managing Director of National Iranian Oil Company (NIOC) said here on Friday.

Crude Extraction of Iran Up by 70% in 2.5 Years: NIOC

SHANA (Tehran) - Iran’s crude oil production has increased by 70 percent in about 2.5 years in the 13th Administration which took office in August 2021, announced Mohsen Khojastehmehr, the CEO of the National Iranian Oil Company (NIOC) on Thursday.

Oil Industry Driving Force Of Economic Growth, MP

SHANA (Tehran) – a member of Parliament’s committee of energy, Hosain Hosainzadeh, says the Petroleum Ministry approach on boosting energy cooperation with other countries, which is called as energy diplomacy, has been successful in view of economic growth and oil industry development.

Directing Liquidity Toward Oil Industry Is A Win-Win Game

SHANA (Tehran)- Directing liquidity towards oil industry’s downstream activities not only leads to self-sufficiency but creates jobs along with profitability to the benefit of people.

Oil Sector Attracts 41 Percent Of Total Foreign Investment

SHANA (Tehran): Since taking office in August 2021, the 13th administration has been able to attract 11.6 billion dollars of foreign investment of which 4.8 billion dollars have been allocated to the oil and gas mega projects.

MP: Investments in oil industry promising

SHANA (Tehran) – A member of Iran’s Parliament said increasing investments, development of oil fields, and infrastructure measures in the oil industry are among promising economic moves.

Investment in oil, gas industry among most important links in Iran’s independence chain: First VP

SHANA (Tehran) – Investment in the oil and gas industry is one of the most important links in Iran’s independence chain, said First Vice President Mohammad Mokhber.

ZN Vostok CEO says Russian company has invested over $500m in Iran oil projects

SHANA (Ahvaz) – Russia’s ZN Vostok (ZNV) has invested more than $500 million in Iran’s oil projects, said the company’s managing director.

Iran’s petchem industry welcomes but does not wait for foreign investment: Deputy oil minister

SHANA (Mahshahr) – Iran’s National Petrochemical Company (NPC) managing director said on Tuesday the country’s industry welcomes foreign investment but does not wait for foreign companies’ participation in its development projects.

Owji: $20b investment in SP gas pressure boosting projects needed; 753 contracts signed with knowledge-based firms

SHANA (Tehran) – Iran’s Oil Minister Javad Owji on Thursday stressed the need for investing $20 billion in gas pressure boosting projects in the South Pars (SP) field.

Government uses oil revenues for investment: Spokesman

SHANA (Tehran) – Iran’s 13th administration has given top priority to using oil revenues for making investment in different sectors instead of meeting executive expenses, said the government spokesman.

Oil and gas investment could halve by 2030 to meet climate goal: IEA

The current $800 billion invested annually in the global oil and gas sector could be halved by 2030 if a goal to limit global warming to 1.5 degrees Celsius is to be reached, the International Energy Agency (IEA) said in a report.

Iran offers $250bn oil investment opportunity at China expo

SHANA (Tehran) – The National Iranian Oil Company (NIOC) managing director opened up an opportunity for $250 billion investment in the upstream and downstream sectors within the next eight years.

$50b projects to drive Iran’s oil, gas output growth underway: NIOC official

SHANA (Tehran) – A number of oil and gas projects worth some $50 billion are in progress, said a National Iranian Oil Company (NIOC) official on Wednesday.

BP urges more oil, gas investment while speeding energy transition

Global oil major BP said the world must invest in the production of oil and gas to avoid to sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.

Owji says incumbent Oil Ministry has increased output, completed projects

SHANA (Tehran) – Iran’s oil minister said increasing investment, completing semifinished projects, and boosting oil, gas, refining and petrochemical output have been the most important measures the Oil Ministry has carried out since two years ago.

Norway oil companies to boost investments, survey shows

Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought, driven mainly by rising activity as well as cost inflation from a weaker crown currency, a national statistics office (SSB) survey showed.

Oil minister: 64 projects to be inaugurated, 15 more to start this year

SHANA (Tehran) – Iran’s oil minister on Saturday said 64 semifinished and new projects worth $14.5 billion will become operational and the executive operations of 15 projects valued at $14.3 billion will begin this year.

Raeisi: Iran-Oman ties promoted from trade to investment

SHANA (Tehran) – Iran’s President Seyyed Ebrahim Raeisi here on Sunday said Iran-Oman relations have been promoted from commercial stage to investment phase.

NPC chief rolls out Iran petrochemical packages in foreign investment push

SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) managing director said the country’s packages are ready for foreign investment.

Iran’s NPC invites investors to fund $9bn petrochemical projects

SHANA (Tehran) – Iran’s National Petrochemical Company (NPC) investment manager on Thursday invited domestic and foreign investors to fund 19 projects worth $9 billion.