Investment

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.
2023-12-03 16:52
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.
2023-11-26 19:32
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.
2023-11-06 14:53
$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.
2023-09-20 23:47
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.
2023-08-27 19:57
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.
2023-08-22 17:41
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.
2023-08-19 14:15
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.
2023-06-10 12:49
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.
2023-05-29 11:14
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.
2023-05-26 13:33
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.
2023-05-18 17:20
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.
2023-05-01 15:33
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."
2023-02-26 14:52
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.
2023-02-19 11:39
Foreign Firms Keen to Invest in Downstream Petchem

TEHRAN (Shana) -- The CEO of Persian Gulf Petrochemical Development and Investment Group (PGPDIG) says the holding has currently more than $650 million worth of projects under way. He told “Iran Petroleum” some of Iran’s neighbors had called for joint venture with PGPDIC, expressing hope for the finalization of an agreement in the current calendar year.
2023-01-22 12:05
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.
2023-01-02 11:13
PSEEZ More Welcoming to Foreign Firms than Ever

TEHRAN (Shana) -- Since 1998, Iran’s Petroleum Ministry has invested $81 billion in the upstream sector and $30 billion in the downstream sector of Pars Energy Special Economic Zone (PSEEZ). Now the CEO of the organization says that thanks to the bylaw recently signed off on by Minister of Petroleum Javad Owji, the conditions have dramatically improved for the presence of foreign companies through just registering their company in the Islamic Republic of Iran. This is while the Petroleum Ministry sticks to its policy of supporting domestic and foreign investors. The exclusive interview of “Iran Petroleum” with Sakhavat Asadi, the PSEEZ CEO, is as follows:
2022-12-28 12:42
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.”
2022-07-26 13:47
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.
2022-05-29 20:22
No Limits in Talking with Foreign Investors: NIOC Official

TEHRAN (Shana) -- The director of investment and business of the National Iranian Oil Company (NIOC) said: "Negotiations with domestic and foreign investors in the oil industry are being pursued and there are no restrictions for this sector."
2022-05-23 11:27
Iran Petchem Industry Ready to Attract Foreign Investors

TEHRAN (Shana) – The CEO of Iran’s National Petrochemical Company (NPC) announced on Monday that packages are ready to attract foreign investment in Iran’s petrochemical industry.
2022-05-16 14:03
NIOC Chief: $7.5bn Contract with Iranian Consortium in the Offing

TEHRAN (Shana) – The CEO of the National Iranian Oil ‎Company (NIOC) here on Saturday announced that a 7.5-‎billion-dollar contract on the development of joint fields ‎will be soon signed with a domestic consortium.‎
2022-05-14 20:07
GECF Sec. Gen. Urges Investment in Gas Industry

TEHRAN (Shana) – The Secretary General of the Gas Exporting Countries Forum (GECF) said on Saturday that the global gas industry outlook 2050 highlights a need to invest over 8 trillion dollars, urging investment in this area.
2022-05-14 14:39
NIOC Head: $160bn on Offer in Iran Oil Show for Investment

TEHRAN (Shana) – Iran has offered a chance to participants in the 26th International Oil, Gas, Refining and Petrochemical Exhibition to channel $160 billion in investments in the upstream sector of the country’s oil industry, said a high-ranking official in Tehran on Friday.
2022-05-13 19:12
Energy Transition: Fact from Fiction

TEHRAN (Shana) -- Modern history is totally acquainted with energy shocks, shortages, price hikes and panics on the buyers’ side and on the sellers’ side as well. But the current worldwide rising energy prices and large scale volatility for all key fuels and sources, is something entirely new and never experienced before. It is in fact puzzling in a way that no game theorists and econometricians could cope with and accommodate it. From Colorado minus $40 a barrel to plus $ 95 per barrel early February 2022 is something never seen before. This is a challenge to the consumers, suppliers, governments, bankers and societies everywhere.
2022-04-24 15:23
Owji Tweets on Oil Industry Investment

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced in a post on his Twitter account that more than 45 contracts and memorandums worth $15.6 billion have been signed in the first six months of the Raisi administration.
2022-03-08 14:39
Continued Investment in Oil Industry, Strategic: MP

TEHRAN (Shana) -- A member of the Energy Committee of the Islamic Consultative Assembly said that the continuation of investment in the oil industry is an important and strategic issue, adding: “Investing in two areas of human resources and development of oil and gas fields should not be seen as a current cost.”
2021-12-04 15:25
Iran Needs $160b to Develop Oil Industry

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji said Iran would need $160 billion to invest in its oil and gas industry.
2021-11-02 15:07
Doroud, Arvand Oil Fields Up for Investment

TEHRAN (Shana) -- Doroud oil field, which is located in Kharg Island and northwest of the Persian Gulf, is among developed oil fields which the Iranian Offshore Oil Company (IOOC) presented to foreign investors within the framework of the new model of oil contracts known as Iran Petroleum Contract (IPC).
2021-10-31 19:05
Investment Opportunities in Bangestan

TEHRAN (Shana) -- More than 60% of Iran’s oil production comes from 10 giant fields, all of which having reached maturity. Lack of investment for many years in order to enhance the rate of recovery has enhanced production risk. However, there is great potential for enhanced production from these fields. A case in point pertains to the Ab Teimour and Ahvaz Bangestan oil fields. They were discovered more than 50 years ago and they are still supplying oil.
2021-07-26 13:47