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.

VP calls for shift from business intelligence to AI in oil industry

SHANA (Tehran) – The Vice President for Science, Technology, and Knowledge-Based Economy emphasized the need to focus on the integration of artificial intelligence (AI) in the oil industry, stating that in order to reach AI, business intelligence must first be achieved.

Oil Production up by 60,000 b/d

SHANA (Tehran)—The CEO of the National Iranian Oil Company (NIOC) says that since the 14th administration took office in August, Iran's daily oil production has increased by 60,000 barrels, predicting that by the end of the Iranian year of 1403 on 20 March 2025, production to reach about 200,000 to 250,000 barrels per day.

NIOC Head Underlines the Importance of Passive Defense

SHANA (Tehran) -The CEO of the National Iranian Oil Company (NIOC), Hamid Bovard, stated that the oil industry is the driving engine of the country’s economy, underscoring its importance in passive defense.

Ministr of Petroleum:

Standardization Crucial to Balanced Development

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad emphasized the importance of standardization and its role in the development and sustainability of the oil industry.

Petroleum Ministry Ranks First in Free Access to Information

SHANA (Tehran) - The Ministry of Petroleum ranks first in responsiveness and free access to information among executive bodies.

Reuters Survey finds:

OPEC Oil Output the Lowest, Iran's the Highest

SHANA (Tehran) - Reuters announced Iran as the only member of Opec which its oil production rose in September 2024.

Public Relations Director Appointed

SHANA (Tehran) – Iranian Minister of Petroleum Mohsen Paknejad has appointed Majid Boujarzadeh as the director of the Public Relations Department of the Petroleum Ministry.

Human Resources, the Main Asset of Oil Industry

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad says that what keeps the oil industry stable is not oil and gas reserves, but its expert human resources.

Iran Holds World’s 3rd Largest Oil Reserves

SHANA (Tehran) – Iran ranked as the world’s third-largest holder of proven oil reserves after Venezuela and Saudi Arabia.

Raising Oil Production NIOC’s Top Priority

SHANA (Tehran) - The National Iranian Oil Company’s (NIOC) managing director Mohsen Khojastehmehr says that an increase of 400 thousand barrels of oil production per day is the most important mission the petroleum minister has assigned to the NIOC.

Oil Production Increasing by 0.4 mbd, Paknejad

SHANA (Tehran) - Proposed petroleum minister Mohsen Paknejad has said that Iran’s oil production is planned to increase by 400 thousand barrels a day up to the end of the next Iranian calendar year on 19 March 2026.

Paknejad, a Consensus-Building Manager

SHANA (Tehran) - Former CEO of the Iranian Central Oil Fields Company (ICOFC), Ramin Hatami, has said that considering the present situation of the oil industry, the era of trial and error is over, and an oil industry expert from within the industry at the helm of the Petroleum Ministry is a requirement.

Paknejad, a Very Well-Informed Oilman

SHANA (Tehran) - The nominee for the Petroleum Ministry Mohsen Paknejad is a qualified person in the Iranian oil industry so the members of parliament should know that he has grown in the oil industry, and is a motivated person with enough knowledge of the oil industry.

Paknejad the Right Nominee for Petroleum Ministry Post

SHANA (Tehran) - Full knowledge of the oil industry structure and being young are the two advantages of Mohsen Paknejad as the person nominated for leading the Petroleum Ministry.

Paknejad Proposed as Petroleum Minister Nominee

SHANA (Tehran) - Iranian President Masoud Pezeshkian submitted the list of his proposed ministers to the parliament for approval where Mohsen Paknejad has been nominated as the Minister of Petroleum.

Iran Oil Output the Highest Since 2018, Reuters

SHANA (Tehran) - A Reuters survey on OPEC members' July oil output shows that Iran’s oil output has reached 3.22 million barrels per day, the highest since 2018.

Oil Sector Turned Achilles Heel of Sanctions into Value-Added

SHANA (Tehran) - The 13th administration successfully neutralized the sanctions imposed on the export of gas condensate and converted the Achilles’ heel of the sanctions into value-added, Minister of Petroleum Javad Owji said.