Ayatollah Raisi in the virtual summit of BRICS+ leaders:

We consider the transformation of global justice into an all-encompassing global discourse an undeniable necessity

TEHRAN (Shana) – “Iran, as a country with a rich history of active participation in international initiatives, is ready to share all its capabilities to achieve the BRICS goals and become a reliable partner to connect BRICS to the main routes of energy and major global markets," said the President.

Iran, Iraq forming Joint Technical Groups to Develop Energy Ties

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company (NIOC) said Iran and Iraq were to form a joint working group to cooperate in joint fields, transfer technology and equipment from Iran based on the ability of private companies and send technical and specialized groups from the two countries to identify cooperation capacities.

Iran Ready to Export Technical, Engineering Services to Iraq

TEHRAN (Shana) -- The CEO of the National Iranian Oil Company announced Iran's readiness to export technical and engineering services to Iraq, saying: "Iran wants to benefit from Iraq's participation in the development of the oil and gas industry."

Preparing Roadmap for Iran-Iraq Future, Necessary

TEHRAN (Shana) -- The Iraqi Deputy Minister of Oil for Exploration underlined the desire of the Iraqi Minister of Oil to develop relations and take broader steps through the formation of a joint working group with Iran, stressing that a roadmap should be prepared for the future steps and goals of the two countries.

Iran, Iraq to Bolster Energy Ties

TEHRAN (Shana) – The adviser to the Iranian Minister of Petroleum on Iraq stressed the need to strengthen cooperation between Iran and Iraq in the field of energy.

40% Growth in Receipt of Oil Revenues: Min.

TEHRAN (Shana) – The Iranian Minister of Petroleum said the country’s receipt of oil revenue has increased by 40% in the first quarter of the current calendar year, which began on March 21 compared to the same period last year.

60% Rise in Performance Efficiency of Dena Petrochemical Plant

TEHRAN (Shana) -- The progress of Dena Petrochemical project is over 75%, which shows a 60% increase in the company's total productivity in 10 months compared to the same period last year.

Stunning Oil Revenue Rise under Raisi

TEHRAN (Shana) – Iran’s crude oil exports and revenues under President Raisi administration have increased dramatically given its active energy diplomacy.

Iran Firms Develops Palladium Catalyst

TEHRAN (Shana) -- The CEO of Shahid Tondgouyan Petrochemical Company announced a 57% increase in the company's net profit in the calendar year of 1400 which ended on March 20, compared to the previous year and the localization of palladium catalysts.

Widely-Used Items in South Pars Platforms to be Localized

TEHRAN (Shana) -- The deputy of the domestic manufacturing committee in Pars Oil and Gas Company announced localization of 19 widely-used parts of South Pars rigs by October.

Iran, Kazakhstan Sign Energy Cooperation MoU

TEHRAN (Shana) – A Memorandum of Understanding on oil and gas cooperation was signed by the CEO of the National Iranian Oil Company in the presence of the Presidents of Iran and Kazakhstan.

90% Rise in Receipt of Gas Sales: Min.

TEHRAN (Shana) – The Iranian Minister of Petroleum said: "During the last quarter, compared to the same period last year, Iran's gas exports to neighboring countries have faced a 43% growth in volume, while during the same period in receiving receivables from these exports, we have seen more than 90% growth compared to the same period last year."

Iran receives Gas Dues from Iraq

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji announced in his latest Twitter post the receipt of gas export arrears from Iraq that amounted to $1.6 billion.

Long-Standing Dream of Offshore Refinery Coming True: MP

TEHRAN (Shana) -- "Energy diplomacy is one of the most important priorities of the administration and parliament," said the head of the parliament's energy committee, noting that Iran’s energy diplomacy is moving forward and so far favorable agreements and contracts have been signed in this regard.

Petropars, a Full-Fledged Oil Company: Venezuelan Official

TEHRAN (Shana) -- The CEO of the Venezuelan National Oil Company (Pedosa) described Iran’s Petropars as a full-fledged and capable company in the field of oil and gas development, and said: "This company can run various projects in the Venezuelan oil industry."

Turkmenistan Seeking more Gas Swap to Azerbaijan, Neighboring Countries

TEHRAN (Shana) – The Iranian Minister of Petroleum said: "In a meeting with the Deputy Chairman of the Cabinet for Oil and Gas Affairs of Turkmenistan, the other side asked us to increase gas swaps to Azerbaijan and other neighboring countries, to which we announced our readiness."

Iran-Venezuela, Oil Coalition against US Sanctions

TEHRAN (Shana) – The head of the Institute for International Energy Studies (IIES) said: "Venezuela knows that easing US sanctions on its oil industry is temporary and commensurate with US needs, so it is looking for 20 years of cooperation with Iran.”

Iran Policy in Sale of Oil, Condensate Active Marketing: Spokesman

TEHRAN (Shana) -- The government spokesman said: "Iran's policy in the field of selling oil and gas condensate is active marketing, and today a significant amount of oil is sold and the resulting hard currency is returned to the country."

Iran, Venezuela Sign Comprehensive 20-Year Cooperation Document

TEHRAN (Shana) -- The Presidents of Iran and Venezuela signed a document of comprehensive 20-year strategic cooperation between the two countries in the cultural-historical complex of Saadabad.

Maduro Notes Petropars Capacity in Venezuela Oil Projects

TEHRAN (Shana) -- The President of Venezuela stressed the need to use the capacity of the Iranian company, Petropars, to develop Venezuela’s oil and gas projects.

2nd Iran-made Tanker Delivered to Venezuela

TEHRAN (Shana) -- The handover ceremony of the second Aframax tanker built by SADRA (Iran Marine Industrial Company) was held in the presence of the Presidents of Iran and Venezuela.

Online Environmental Monitoring System of Tehran Refinery Operational

TEHRAN (Shana) -- The project of establishing an online monitoring system for the environmental parameters of the flue gas in the furnaces of the southern region of the Tehran refinery was put into operation.

Refinery Saves 210 mcm gas by Preventing Flaring

TEHRAN (Shana) -- The CEO of Martyr Hasheminejad Gas Refining Company announced that the plant has saved about 210 million cubic meters of gas from the recovery of flare gases over the last five years.

Tehran, Caracas seeking to develop Energy Ties

TEHRAN (Shana) – Iranian President Ebrahim Raisi said: "There is good cooperation between Tehran and Caracas in the field of energy, thermal power plants, repair of refineries, export of technical and engineering services, economic, defense and military relations."

Top Iran Oil News of the Week

TEHRAN (Shana) – The top news of the week included Iranian Minister of Petroleum Javad Owji’s visit to Azerbaijan, the presence of the Minister of Petroleum in the National Day of Russia, the appointment of new members of the Board of Directors of the National Iranian Oil Company, and more.

Investment decline Biggest Risk to Gas Market

TEHRAN (Shana) – The Secretary General of the Gas Exporting Countries Forum believes that the biggest threat for the gas market is investment decline, saying: "Since 2014, we have seen a series of reasons including low natural gas prices, a misleading narrative about the incompatibility of natural gas with climate change and environmental pressures have reduced investment in the gas industry.”