Iran economic team reviews unified strategy for China relations

SHANA (Tehran) – Iran’s special representative for China held his first meeting with key economic ministers, including the oil minister, to discuss ways to strengthen coordination and adopt a unified approach toward advancing relations with China.

Saudi Arabia, Iran lead OPEC oil production in April

SHANA (Tehran) – Saudi Arabia and Iran remained the top oil producers in the Organization of the Petroleum Exporting Countries in April 2026, according to OPEC’s latest monthly report.

POGC focused on reconstructing damaged SP refineries

SHANA (Tehran) – The chief executive officer of Pars Oil and Gas Company said during a visit to damaged South Pars refineries after the recent war that, given the necessity of restoring the refineries to help the country manage energy resources more efficiently, the company has put the reconstruction process on the agenda with full capacity.

Spox: Iran, as a member of OPEC, remains committed to its obligations

SHANA (Tehran) – The Foreign Ministry spokesperson said Iran adheres to its commitments as an OPEC member and believes the Organization of the Petroleum Exporting Countries serves the interests of its member states.

Full production targets achieved in southern oilfields

SHANA (Tehran) – The CEO of the National Iranian South Oilfields Company said all production targets for 1404 were fully achieved, including stable output, refinery feedstock supply and export crude from subsidiary operating companies. He also stressed the need for a fundamental overhaul of oil-sector planning and engineering systems.

OPEC: A longstanding institution for oil market stability, global economic growth

SHANA (Tehran) - OPEC, as an organization formed by oil-producing developing countries, has for more than 65 years worked to secure the collective interests of its members through constructive engagement with consumer countries and the global economy, wrote Iran's representative to the Organization of the Petroleum Exporting Countries (OPEC).

Core strengths of Iran’s oil industry proven during third imposed war

SHANA (Tehran) – The deputy head of Parliament’s Energy Committee said the strong performance of Iran’s oil industry during the third imposed war demonstrated the sector’s deep-rooted technical, managerial and human capabilities.

President: Persian Gulf is a vital artery of global energy

SHANA (Tehran) – President Masoud Pezeshkian, in a message marking National Persian Gulf Day, emphasized Iran’s undeniable role in safeguarding international energy security and said efforts by Iran’s adversaries to restrict maritime trade routes are doomed to fail.

Pezeshkian: We are all Iranian and revolutionary

SHANA (Tehran) - The president of the Islamic Republic of Iran said that all of us are “Iranian” and “revolutionary,” emphasizing that with the iron unity of the nation and the government, and full obedience to the supreme leader, “we will make the criminal aggressor regret it.”

Leader hails Iran’s heroic nation as outright winner of third imposed war

SHANA (Tehran) – Leader of the Islamic Revolution Ayatollah Seyyed Mojtaba Khamenei has stressed the importance of continued public participation in the battle against US and Israeli aggression.

'Historic victory' over US, Iran says enemy forced to accept its proposal

SHANA (Tehran) – Iran has declared a "historic and crushing defeat" of the United States and the Israeli regime after 40 days of war, announcing that Washington has been forced to accept a 10-point Iranian proposal that includes a permanent ceasefire, the lifting of all sanctions, and the withdrawal of US combat forces from the region.

FM blames US, Israel for rising oil prices

SHANA (Tehran) — Foreign minister blamed the United States and Israel for rising oil prices, saying their actions in the region are to blame.

Iran’s crude production rises by 34,000 bpd in February

SHANA (Tehran) - Daily oil production by members of the Organization of the Petroleum Exporting Countries increased by 164,000 barrels in February to 28.63 million barrels per day, according to the group’s latest monthly report. 

Ayatollah Seyyed Mojtaba Khamenei becomes third Leader of Iran

SHANA (Tehran) - Ayatollah Seyyed Mojtaba Hosseini Khamenei has been elected the new Leader of Iran's Islamic Revolution.

US-Iran tensions ring alarm bell for world energy security

SHANA (Tehran) – A faculty member at the Institute for International Energy Studies says geopolitical tensions in the Persian Gulf pose a serious risk to global oil prices in the short term and will push consumer countries toward energy independence through the development of unconventional reserves and renewable sources in the long term.

Russia’s minister expresses sympathy with Iranian people

SHANA (Tehran) – Russia’s energy minister said his country stands with the Iranian government and people during difficult and sorrowful moments, adding that the memory of Iran’s Leader and the schoolgirls killed will remain in their hearts.

Leader Ayatollah Khamenei martyred

SHANA (Tehran) - The Leader of the Islamic Revolution, Ayatollah Seyyed Ali Khamenei, has been martyred following an attack by the US and Israeli regime.

Iran-Russia meeting in Tehran seen as key step toward Eurasian energy convergence

SHANA (Tehran) — The 19th Iran-Russia Joint Economic Commission in Tehran marks an important step toward greater energy convergence across Eurasia, a senior Iranian lawmaker said, adding that effective management grounded in national interests could transform sanctions into a geo-energy opportunity and reinforce Iran’s position in regional energy markets.

Tehran, Moscow move to strengthen economic cooperation

SHANA (Tehran) – A member of parliament’s Energy Committee said the Iran-Russia Joint Economic Commission presents a valuable opportunity to expand economic diplomacy and counter sanctions.

Expert: Stable Tehran-Moscow ties require a national interest-based approach

SHANA (Tehran) – An international affairs expert said the development of stable and strategic relations between Tehran and Moscow depends on a balanced, pragmatic approach rooted in the national interests of both sides.

Parliament backs expansion of cooperation with Russia

SHANA (Tehran) – A member of the Parliament’s Industries and Mines Committee voiced support for the Oil Ministry’s plans to expand energy cooperation with regional countries, particularly Russia, saying active energy diplomacy and stronger engagement with neighbors could bring significant economic benefits.

Minister Paknejad:

Iran-Russia ties based on 2025 strategic pact

SHANA (Tehran) – Iran’s oil minister said relations between Iran and Russia are being guided by the 2025 strategic document and have moved from understanding to implementation, particularly in the oil and gas sector.

Iran-Russia economic agreements enter implementation phase, Paknejad says

SHANA (Tehran) — Iran’s oil minister said agreements reached with Russia have entered the implementation phase following the conclusion of the 19th Iran-Russia Joint Economic Commission.

President: Iran-Russia economic cooperation pursued vigorously

SHANA (Tehran) – President Masoud Pezeshkian said Iran is determined to operationalize economic cooperation with Russia “with strength, speed and precision,” adding that implementation is advancing at a satisfactory pace across all agreed sectors.

Iran ready to attract FDI in oil, gas field development

SHANA (Tehran) – Iran is fully prepared to attract foreign investment in the development of its oil and gas fields, a senior Oil Ministry official said Wednesday.

Iran finalizes key terms for gas imports from Russia

SHANA (Tehran) – The CEO of the National Iranian Gas Company said technical, contractual and legal terms for importing gas from Russia have been finalized, adding that the imports will be carried out via a third country.

Paknejad: Daily gas production at South Pars hits record 730 mcm

SHANA (Tehran) – Iran’s oil minister said daily gas production at the South Pars joint field reached a record 730 million cubic meters, the highest level since the field began operations.

Minister:

Shift from agreements to implementation, outcome of 19th Iran-Russia commission

SHANA (Tehran) – Iran’s oil minister announced the signing of the final document of the 19th Iran-Russia Joint Economic Commission between Iran and Russia, emphasizing that the key achievement of the meeting was “a shift from agreements to implementation.”

Iran, Russia sign four cooperation pacts

SHANA (Tehran) – Iran and Russia signed four memorandums of understanding on the sidelines of the 19th Iran-Russia Joint Economic Commission.