Limited time to tap Iran’s oil resources

SHANA (Tehran) – The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.

MP: Mindset shift essential for sustainable oil financing

SHANA (Tehran) – The head of the Iranian Parliament’s Economic Committee stressed the need for institutional and economic reform, saying that without changing financial structures and mindsets, achieving sustainable financing in the oil and gas industry will not be possible.

Universities key to strengthening investment, innovation in Iran’s energy sector

SHANA (Tehran) – The president of Allameh Tabataba’i University said that investing in the oil, gas, and petrochemical sectors is not merely an economic act but a commitment to the nation’s long-term development.

Parliament endorses Oil Ministry's successful winter fuel supply performance

SHANA (Tehran) – A member of parliament's Energy Commission stated that power plant fuel reserves for winter are in a more favorable position compared to last year, emphasizing that the high level of these reserves indicates the Oil Ministry's successful performance.

Gas tariff reform focuses on fairness; about 90% of consumers unaffected

SHANA (Tehran) – The managing director of the National Iranian Gas Company said the gas tariff reform plan does not mean a price increase, noting that more than 88% to 90% of the country’s population will not be affected by the changes.

First well in Yadavaran Production Boost Plan comes online

SHANA (Tehran) – The director of the Yadavaran oil field development project announced that the first well under the 24-well Yadavaran Production Increase Plan has come on stream.

Power plant diesel reserves grow with 7-m-liter boost

SHANA (Tehran) – The head of the National Iranian Oil Products Refining and Distribution Company said simultaneous efforts to boost production and manage consumption have increased diesel output by 7 million liters, leading to higher fuel reserves for power plants.

NIGC prepares investment packages for private sector

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has developed investment packages aimed at encouraging private-sector participation in the gas industry, the company’s managing director said, emphasizing that in the country’s current economic situation, investment is not optional but an unavoidable necessity.

Renewables development seen as solution to energy imbalance

SHANA (Tehran) – Renewable energy development is one of the most effective ways to address the country’s energy imbalance, a member of the Iranian Parliament’s Industries and Mines Committee said.

Iran upgrades fuel card database after 18 years

SHANA (Tehran) – The database of Iran’s national fuel smart card system has been updated for the first time in 18 years, a move officials say has helped detect hundreds of thousands of unauthorized cards and prevent large-scale fuel misuse.

Inside Iran’s record gas transmission push

SHANA (Tehran) – The record-breaking performance and resilience of Iran’s gas transmission network in harsh conditions demonstrate how its pipelines and compressor stations continue operating even amid freezing weather and security threats.

Iran controls 11 mcm of flare gas under 14th administration

SHANA (Tehran) – President Masoud Pezeshkian said Iran has managed to capture more than 11 million cubic meters of flare gas in recent months, calling it evidence that reforms in the country’s energy management are underway. He added that controlling flare gases could generate between $5 billion and $6 billion in annual revenue for the nation.

Iran elected to head GECF Executive Board, pushes for forum upgrade

SHANA (Doha) – Iran’s oil minister announced that the country has been elected chair of the Executive Board of the Gas Exporting Countries Forum (GECF) and that Tehran’s proposal to upgrade the forum into the “Organization of Gas Exporting Countries” was well received by member states.

Highlighting stronger GECF unity,

Paknejad calls for 'transformation into 'Organization of Gas Exporting Countries'

SHANA (Tehran) – Minister of Oil Mohsen Paknejad called on member states of the Gas Exporting Countries Forum (GECF) to stand united against aggression, resist sanctions, and strengthen cooperation to secure the global role of natural gas in the decades ahead.

GECF president:

Fair energy transition requires producers-consumers cooperation

SHANA (Doha) – Khalifa Rajab Abdulsadek, Libya’s minister of oil and gas and president of the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF), said Thursday that expanding cooperation between gas producers and consumers is essential to achieving a fair and sustainable energy transition.

27th GECF Ministerial Meeting opens in Doha

SHANA (Doha) – The 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) opened Thursday in Doha, the capital of Qatar, with the participation of ministers and senior officials from member states.

New phase of Abuzar Oil Field Development to begin soon

SHANA (Tehran) – The managing director of the Iranian Offshore Oil Company announced significant progress in the construction of the Abuzar oil field pipeline project, saying a new phase of the field’s development will begin soon if current progress continues.

Increase in Persian Gulf Holding’s share of the capital market

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) announced a 42% increase in consolidated operating income and a 63% rise in net profit compared with the previous fiscal year, adding that the company’s share of the capital market has reached 14.92%.

Overhaul completed on South Pars phases 2, 3 platforms

SHANA (Tehran) – The major overhaul of the SPD3 and SPD4 gas platforms in South Pars has been completed with a total of 9,346 man-hours of work and 808 maintenance tasks carried out without incident.

Iran’s initiatives to boost GECF’s global influence

SHANA (Doha) – Iranian Oil Minister Mohsen Paknejad described the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) as a crucial event, emphasizing that as the forum’s founder, Iran will present new initiatives designed to safeguard the collective interests of member countries in the long term.

Formation of seventh development plan committee at NPC

SHANA (Tehran) – The National Petrochemical Company (NPC) has established a specialized committee dedicated to the implementation of Iran’s Seventh Development Plan, emphasizing its importance for the petrochemical sector, the company’s CEO announced.

Paknejad:

Energy’s future depends on a new generation of skilled professionals

SHANA (Doha) — Iran’s Oil Minister Mohsen Paknejad said the evolving landscape of the global oil and gas industry calls for training a new generation of skilled professionals familiar with international frameworks and technological developments.

Tehran, Algiers seek synergy in energy ties

SHANA (Doha) – On the eve of the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) in Doha, Iran’s Oil Minister met with Algeria’s Minister of Energy and Mines to discuss expanding cooperation between Tehran and Algiers in the energy sector.

Iran, Libya oil ministers discuss energy cooperation

SHANA (Doha) – Iran’s oil minister met with his Libyan counterpart to discuss expanding bilateral cooperation in various energy sectors and leveraging shared capacities.

Tehran, Abuja strengthen energy cooperation

SHANA (Doha) – On the eve of the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) in Doha, Qatar, Iran’s Oil Minister Mohsen Paknejad met with Nigerian Minister of Gas Resources Ekperikpe Ekpo to discuss expanding energy cooperation between Tehran and Abuja.

South Zagros Oil & Gas Production Company ready for maximum gas production during winter

SHANA (Tehran) – The managing director of Zagros Southern Oil and Gas Production Company announced that, thanks to the tireless efforts of its employees and extensive overhaul operations, the company is ready to boost its daily gas output to 168 million cubic meters to help ensure a warm winter for the nation.

Oil minister leaves Tehran for Doha to attend GECF meeting

SHANA (Tehran) - Iran's Oil Minister Mohsen Paknejad, departed Tehran for Doha on Tuesday evening, heading to Qatar to attend the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF).

Four secretaries-general, Four paths: The evolution of the GECF

SHANA (Tehran) – A review of the tenures of the four secretaries-general of the Gas Exporting Countries Forum (GECF) shows the organization has undergone a significant structural and conceptual evolution over the past decade. These leaders from Russia, Iran and Algeria, each with a distinct approach, have shaped the organization's structure, solidified its international standing and charted a course for the global gas industry.

How operator companies are changing the gas consumption equation

SHANA (Tehran) – The entry of operator companies into gas consumption management marks the beginning of a new chapter in the nation’s energy market—one where conservation becomes an economic opportunity and smart technologies pave the way toward greater efficiency.

SPGC plays vital role in national revenue

Protecting South Pars is a national responsibility, CEO says

SHANA (Bushehr) – The South Pars Gas Complex supplies 73 percent of Iran’s natural gas, provides feedstock for 65 percent of the nation’s petrochemical plants, produces 45 percent of its gasoline and fuels 60 to 65 percent of power plants, the company’s CEO said Tuesday.