Iran, Russia aim for $20b in annual trade

SHANA (Tehran) — Iran and Russia are aiming to increase their annual bilateral trade to $20 billion, a senior Iranian oil ministry official said Monday, as the two countries opened a joint economic commission in Tehran.

Tehran and Moscow’s economic convergence;

A strategic partnership in emerging global order

SHANA (Tehran) – The Iran–Russia Joint Economic Commission, the most important official mechanism for expanding bilateral cooperation, has played a central role over the past two decades in strengthening economic, energy and trade relations between Tehran and Moscow. Amid geopolitical shifts and intensified Western sanctions, the commission has increasingly become a strategic platform for expanding long-term cooperation between the two countries.

19th Iran-Russia Joint Commission a milestone for expanding cooperation

SHANA (Tehran) – Oil Minister Mohsen Paknejad described the upcoming 19th meeting of the Iran-Russia Joint Economic Cooperation Commission as a key opportunity to deepen strategic ties between Tehran and Moscow.

Leap in Iran’s gas infrastructure since the Islamic Revolution

SHANA (Tehran) – Since the 1979 Islamic Revolution, the National Iranian Gas Company (NIGC) has played a central role in strengthening the country’s energy security through the expansion of gas production, transmission, distribution, storage and exports.

APG in western Iran to enter consumption cycle

SHANA (Tehran) – The head of integrated planning at the National Iranian Oil Company said all recoverable associated gas in western Iran will be fully returned to the consumption cycle by before next summer with the startup of the Dehloran gas compression station.

Production of sweet gas hits 886 mcm on Friday

SHANA (Tehran) - Sweet gas production and transmission reached 886 million cubic meters on Friday, setting a new record, according to data released by the National Iranian Gas Company.

Smart, data-driven crackdown on fuel smuggling under 14th Administration

SHANA (Tehran) – The price gap between fuel in Iran and neighboring countries has long made the smuggling of petroleum products a major challenge for the economy and energy security. In response, the 14th administration has adopted an active, data-driven approach focused on expanding smart monitoring systems, real-time oversight of the supply chain and tighter supervision of major consumers. Early results include lower diesel consumption, greater transparency and the identification of organized smuggling networks.

Household gas use accounts for 64% of total on Wednesday

SHANA (Tehran) – Household, commercial and small industrial users consumed 64% of the natural gas delivered to Iran’s national grid on Feb. 3, according to the National Iranian Gas Company.

Iran adds 1,000 kilometers to oil, product pipeline network

SHANA (Tehran) – The head of Iran’s Oil Pipelines and Telecommunications Company said the country has added about 1,000 kilometers of new pipelines, bringing the total length of its crude oil and petroleum product pipeline network to 15,000 kilometers.

Public key to 10% energy saving goal

SHANA (Tehran) – The public plays the most significant role in the conscious consumption and reduction of energy waste, said the energy consumption optimization manager of the National Petrochemical Company.

Privatizing oil; a driver for energy projects

SHANA (Tehran) – A member of Parliament’s Energy Committee emphasized the constructive role of the private sector, stating that the Oil Ministry's strategy of involving the private sector in oil and gas industry projects, and relying on its capacities, could undoubtedly benefit the national economy and accelerate the development of the oil industry.

19th Iran-Russia Joint Economic Commission to be held in Tehran

SHANA (Tehran) — The 19th Iran-Russia Joint Economic Commission will be held in Tehran from Feb. 16 to 18, with both sides expressing optimism about the expanding scope of bilateral cooperation, Iran’s deputy oil minister for international affairs and commerce said.

Cold weather to persist across most of Iran through week’s end

SHANA (Tehran) – The head of the National Center for Climate and Drought Crisis Management at Iran’s Meteorological Organization said a sharp drop in temperatures and the persistence of cold weather will continue across most parts of the country through the end of the week.

Crude production to increase by 135,000 barrels per day

SHANA (Tehran) – Iran’s oil production will increase by 135,000 barrels per day through the installation of 11 rapid-installation processing units, according to the CEO of the National Iranian Oil Company.

Tehran, Moscow seek deeper strategic energy cooperation

SHANA (Tehran) – The Iran-Russia Joint Energy Working Group met under the leadership of Iran’s deputy oil minister for international affairs and commerce and Russia’s deputy energy minister, stressing the need to operationalize strategic memorandums of understanding between the two countries.

Oil project launches signal oil industry’s unstoppable momentum

SHANA (Tehran) – A member of Iran’s parliamentary Energy Committee said the launch of major oil projects, including the country’s largest oil and gas processing facility, demonstrates that the oil industry remains unstoppable despite existing constraints.

Household gas consumption nears 4.3 bcm in fourth week of Azar

SHANA (Tehran) – Gas consumption in the household, commercial and small industries sectors reached about 4.3 billion cubic meters in the fourth week of Azar, as colder weather and continued use of heating appliances sustained high demand on the country’s gas network during the cold season.

Sustained, uninterrupted gas production at South Pars refineries

SHANA (Tehran) – The CEO of the South Pars Gas Complex said all 13 refineries at South Pars are on full alert and gas production is continuing steadily and without interruption, driven by the round-the-clock efforts of the complex’s skilled and committed workforce.

Household, commercial sectors use 75% of gas supplied to network

SHANA (Tehran) – Household, commercial and small industrial gas consumption reached about 645 million cubic meters on Dec. 18, accounting for roughly 75% of the total gas delivered to the national network, according to the National Iranian Gas Company.

Iran, Belarus review cooperation opportunities

SHANA (Tehran) – Iran and Belarus reviewed opportunities and capacities for cooperation in the oil sector as part of efforts to implement a bilateral memorandum of understanding.

Below-normal temperatures to grip Iran

SHANA (Tehran) – Iran will experience colder-than-normal weather this week and next, with temperatures across much of the country expected to fall below seasonal averages, the head of the National Climate and Drought Crisis Management Center said.

Oil industry research shines at Testa exhibition

SHANA (Tehran) – The director general for research and technology affairs at Oil Ministry said two major ministry projects were selected as national winners at the Testa exhibition, noting that the projects were carried out in cooperation with Sharif University of Technology and Iran University of Science and Technology to boost oil recovery rates and improve the efficiency of domestically produced turbines.

Private sector key to advancing self-sufficiency in oil industry

SHANA (Tehran) – The commander of Khatam al-Anbiya Construction Headquarters emphasized the role of the private sector in delivering the country’s energy projects, saying Iran has achieved an acceptable level of self-sufficiency across the oil and gas value chain, from upstream to downstream, with many of the bottlenecks that once hindered self-reliance now resolved.

Oil Ministry forms committee to strengthen organizational culture, professional ethics

SHANA (Tehran) – The Oil Ministry has formed a committee to develop organizational culture and promote professional ethics across Iran’s oil industry, aiming to draw on global best practices and reinforce professional values, a deputy minister said.

Oil Industry inks over 310 research deals with universities, research centers

SHANA (Tehran) – The Deputy Minister of Oil for Engineering, Research, and Technology announced that 312 research contracts have been signed between his office and universities and research centers, valued at over 1,700 billion Iranian rials.

Senior MP: Diversifying Iran’s fuel mix is essential

SHANA (Tehran) – The head of Iran’s parliamentary Energy Committee said diversifying the country’s fuel mix is essential and has been clearly outlined in the Seventh Five-Year Development Plan.

New gasoline pricing plan begins

SHANA (Tehran) – Iran began selling gasoline at a free-market price of 5,000 tomans (50,000 rials) per liter under a new rationing plan that took effect early Saturday eliminating fuel quotas for government vehicles, imported cars and vehicles in free trade zones.

Iran, Russia to implement Strategic Cooperation Agreement

SHANA (Tehran) - President Masoud Pezeshkian reaffirmed Tehran’s commitment to implementing a comprehensive strategic cooperation agreement with Russia, saying Iran is determined to put the signed accord into effect and expects Moscow to expedite and finalize its part of the process.

OPEC oil output in November stands at 28.48 mbd

SHANA (Tehran) – OPEC’s crude oil production fell by 1,000 barrels per day in November, reaching 28.48 million barrels per day, according to the organization’s latest monthly report issued in December 2025.

Nine years of OPEC/non-OPEC cooperation strengthen global energy stability

SHANA (Tehran) – Today marks the ninth anniversary of the Declaration of Cooperation (DoC) between OPEC and non-OPEC oil-producing countries, known as OPEC+. The declaration was signed during the first ministerial meeting between OPEC and non-OPEC nations on December 10, 2016, in Vienna, Austria. The agreement not only transformed the structure of the global energy market, but also opened a new chapter of cooperation, alignment and joint management of the oil market — a chapter whose effects remain evident in daily decisions across global energy markets.