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.

Domestic, foreign investors invited to fund $6b Bandar Abbas project

SHANA (Tehran) – The SHASTAN Trading Investment Company deputy on Monday invited domestic and foreign investors to take part in the first phase of a refinery-integrated petrochemical plant project in Bandar Abbas, southern Iran.

Foreign Ministry key in Attracting Capital to Petchem Industry

TEHRAN (Shana) – The Investment Director of the National Petrochemical Company (NPC) said: "To attract new investments in Iran's petrochemical industry, the support and capacities of the Ministry of Foreign Affairs can be benefited from."

China Keen on investing $50 m in Mahshahr Petzone

TEHRAN (Shana) -- A delegation of Chinese investors visited Mahshahr Petrochemical Special Economic Zone with the aim of checking the existing infrastructure and the possibility of investing $50 million to build a carbon-sulfur production plant.

First Vice President:

$200 b Earmarked for Iran Major Projects

TEHRAN (Shana) -- The first vice president said 200 billion dollars have been earmarked for the country's major projects in various sectors, including oil, industry, water, and electricity.

Oil, Most Attractive Area of ​​Investment in Iran: Expert

TEHRAN (Shana) -- An expert in energy economics considered the oil industry to be the most attractive area of ​​investment in Iran, and said: “We hope that the agreement with Russia will reach the stage of signing favorable contracts for the country, but we should look for other interested investors to be present in Iran with active energy diplomacy.”

Annual investment in PSEEZ increases 46%

TEHRAN (Shana) -- Iran’s biggest energy hub, Pars Special Economic Energy Zone (PSEEZ), has managed to attract 70 trillion rials (about $270.1 million) as well as €500 million of investment in the previous Iranian calendar year (ended on March 20) to register a 46 percent growth, year on year.