Unveiling of beta financing package: A new step in upstream oil, gas development

SHANA (Tehran) – Iran’s Oil Industry Research and Technology Fund introduces the "Beta" financing package (Powered by Iran) at an event focused on investment and development in upstream oil and gas.

Iran ready to host investors in oil projects

SHANA (Tehran) – The caretaker of engineering and development at the National Iranian Oil Company (NIOC) announced the company’s readiness to host domestic and international investors in oil industry development projects, stating that diversification in upstream contracts has created favorable and secure conditions for investment.

Economic growth through investment in oil, gas upstream sector

SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee highlighted the "Transformation in Investment and Development" event in Iran’s oil and gas upstream sector as a significant step in the "Year of Investment for Production." He stated that introducing investment opportunities will attract capital to various sectors of the oil, gas and upstream industries.

Investment in oil, gas industry essential: MP

SHANA (Tehran) – The head of the Iranian Parliament’s Oil, Gas, and Petrochemical Industries Monitoring Committee emphasized the need to attract investment in the upstream oil and gas sector to ensure a stable supply of feedstock for downstream industries.

Self-sufficiency under sanctions: a technological leap in Iran’s oil industry

SHANA (Tehran) – The deputy oil minister for engineering, research and technology cited first-time production achievements and innovations in financing tools for new technology-based firms (NTBFs) as two key accomplishments of the Oil Ministry in the Iranian year 1403 (2024-25).

Nowruz, Heritage of Ancient Iranians

SHANA (Tehran) - Nowruz marks the first day of the solar calendar year, falling on March 20 or 21, depending on whether the preceding year was a leap year. It is one of the most ancient festivities of Iranians, who believed that Nowruz determined human destiny during the New Year. For Iranians, Nowruz has been synonymous with hope.

Paknejad says oil industry acts as pillar of Iran’s independence, resilience

SHANA (Tehran) – Mohsen Paknejad, Iran’s Minister of Oil, in a message marking the anniversary of the nationalization of the oil industry, stated that the oil sector stands as a steadfast pillar of the nation’s independence and a clear symbol of the Iranian people’s capabilities.

Oil Nationalization, a Beginning for Modern Iran

SHANA (Tehran) – As public protests against the Iran-Britain Oil Concession gathered steam and Mohammad Mosadeq led a parliamentary campaign relying on popular support, the Iranian petroleum industry was nationalized in March 1951, immediately after which Anglo-Iranian Oil Company (AIOC) was expropriated.

NPC head highlights leveraging strategic successes to advance petchem industry

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of the Petrochemical Industry Excellence Award, stating that the successful presence of petrochemical companies in various fields has driven industry players toward excellence and progress.

Specialized workforce strengthening crucial in exploration sector

SHANA (Tehran) – The director of oil and gas production supervision at the National Iranian Oil Company (NIOC) emphasized the importance of maintaining and strengthening a specialized workforce in the exploration sector, describing it as the first link in the oil industry’s value chain.

Empowering human resources, foundation of oil industry development

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC), while appreciating the efforts of the industry's employees in addressing the country's gas imbalance, emphasized the importance of agility and enhancing the knowledge level of human resources in subsidiary companies.

New round of US sanctions targets Iran’s oil industry

SHANA (Tehran) – The US Departments of the Treasury and State have jointly imposed sanctions on several individuals and companies associated with Iran's oil industry, as part of Washington's ongoing maximum pressure campaign against Tehran.

Oil Research and Technology Fund to help overcome oil industry development barriers

SHANA (Tehran) – The deputy CEO of the Oil Research and Technology Fund emphasized that research funds must adopt a specialized approach and collaborate with other financial institutions to help remove barriers to the development of the oil and energy industry.

Support for NTBFs should adopt non-governmental approach

SHANA (Tehran) – The deputy of development at the Innovation and Prosperity Fund emphasized the importance of a technology-based economy in the country’s development and the fund’s increased capital, stating that support for new technology-based firms (NTBFs) should adopt a non-governmental approach and utilize modern financing tools.

Synergy vital in oil industry technology ecosystem

SHANA (Tehran) – The most significant initiatives of the oil industry technology ecosystem were outlined at the Third Petrotech Conference, with a strong emphasis on the need for increased synergy to achieve tangible results.

Smart tech development: NIOC's key strategy

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that significant strides have been made in enhancing productivity, reducing costs, and improving oil reservoir management by focusing on the development of advanced technologies, artificial intelligence (AI), and digitalization.

Oil industry urged to invest in AI

SHANA (Tehran) – The head of the Iran Technology Management Association stated that the oil industry is the sixth-largest user of artificial intelligence (AI) and emphasized that this vast and complex sector must make significant investments in this field.

Mideast Impact on Energy Market

SHANA (Tehran) – The Middle East’s geopolitical outlook has significantly impacted global energy developments due to the crucial role of the region in oil and gas production.

Global Oil Market in 2024: Uncertainty and Volatility

SHANA (Tehran) – The global oil market is a dynamic and complex arena influenced by various factors such as geopolitical tensions, technological advancements, environmental concerns, and shifting consumer preferences.

NIOC head: Oil industry stands with the people

SHANA (Tehran) – The managing director of the National Iranian Oil Company (NIOC) stated that oil industry leaders are part of the people and must stand by them in all areas.

From the perspective of managers:

Opportunities and challenges during 46 years of Iranian oil industry (Final Part)

SHANA (Tehran) – The development of South Pars and the oilfields of West Karoun, the capabilities of Iranian exploration and production companies, the factual nationalization of the oil industry, the fostering of self-reliance and independence, and more are among the most significant achievements of this industry over the 46 years since the Islamic Revolution in Iran.

From the perspective of managers:

Opportunities and challenges during 46 years of Iranian oil industry (Part Five)

SHANA (Tehran) – The development of South Pars and the oilfields of West Karoun, the capabilities of Iranian exploration and production companies, the factual nationalization of the oil industry, the fostering of self-reliance and independence, and more are among the most significant achievements of this industry over the 46 years since the Islamic Revolution in Iran.

Minister:

Oil industry managed without foreign dependence

SHANA (Tehran) – The minister of oil stated that when foreign entities left the oil industry, it might have been difficult for them to believe that local colleagues and workers could manage this complex industry without their presence as today, we witness self-sufficiency in various sectors of the oil industry.

NIOC head:

Oil industry drives Iran’s economy amid turbulence, sanctions

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) highlighted the role of the oil industry in the country’s economy over recent decades, stating that for the past 46 years, the oil sector has been the driving force behind Iran’s economy and a lifeline for the Islamic Revolution during times of turmoil and sanctions.

From the perspective of managers:

Opportunities and challenges during 46 years of Iranian oil industry (Part One)

SHANA (Tehran) – The development of South Pars and the oilfields of West Karoun, the capabilities of Iranian exploration and production companies, the factual nationalization of the oil industry, the fostering of self-reliance and independence, and more are among the most significant achievements of this industry over the 46 years since the Islamic Revolution in Iran.

Iran's oil industry: A story of resilience and progress

SHANA (Tehran) – The story of Iran's oil industry on the eve of the 46th anniversary of the Islamic Revolution must be told differently—not through official reports, but through the real, hard-fought efforts of men and women who, at the cost of their lives during years of war and sanctions, ensured that not a single day of Iran's oil production and exports was halted, even without the presence of foreign companies.

Deputy minister:

Iranian E&P companies fully developed in oil projects implementation

SHANA (Tehran) – The deputy minister of oil for research and technology stated that the efforts launched eight years ago to develop Iranian exploration and production (E&P) companies have now come to fruition, as he expressed hope for the active participation of capable Iranian companies in oil projects.

Iran’s first center of WRFM inaugurated

SHANA (Tehran) – The first simultaneous, real-time center for Wells Reservoir and Facility Management (WRFM) in Iran was launched on Tuesday with an investment of $10 million in its first phase.