Support for investors 'will transform Iranian oil industry'

SHANA (Tehran) – The former CEO of the National Iranian Tanker Company (NITC) emphasized the need to support Iranian investors in the oil and gas sector, stating that ensuring the welfare of the public is only possible through effective backing of investors, particularly domestic investors and Iranians living abroad.

MP:

Oil, gas: Path to sustainable development

SHANA (Tehran) – The deputy chairman of the Iranian Parliament’s Energy Committee stated that oil and gas are central to achieving sustainable development, emphasizing that Iran, as one of the world’s largest holders of oil and gas reserves, has unparalleled potential to generate wealth and advance sustainable development.

Lawmaker:

Investment in oil, gas upstream sector key to sustainable energy development

SHANA (Tehran) – The head of the Entrepreneurship and Removing Production and Employment Barriers faction in Parliament said that in a year designated for boosting production as the country’s central goal, focusing on the oil and gas upstream sector has become even more critical.

MP:

Building trust for investment key to sustainable development in oil, gas

SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee said that as this year has been designated the "Year of Investment for Production," one of the main challenges in achieving this goal is building public trust in investment processes.

Iran oil opportunities: Support projects in strategic regions

SHANA (Tehran) – The National Iranian Oil Company (NIOC) will unveil a comprehensive plan to invest in support projects aimed at developing oil industry infrastructure and bolstering related operations. These projects involve activities by the Caspian Oil Company, Iran Offshore Oil Co., Iranian Oil Terminals Company, and the Pars and Lavan special economic zones.

Redefining oil contracts: An endless battle amid sanctions

SHANA (Tehran) – Iran’s oil industry, grappling with sanctions and regional competition, is redefining its contracts to boost appeal and attract investors—a shift that could free the sector from constraints and open new avenues for international cooperation.

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.

Senior MP: Building trust key to attracting investment in oil, gas industry

SHANA (Tehran) – The head of the Iranian Parliament’s Energy Committee said removing obstacles and fostering a climate of trust will encourage effective participation by investors in the oil and gas sector.

Private sector investment opportunities in oil highlighted

SHANA (Tehran) – The head of Parliament's Energy Committee said there are opportunities for private sector investment in upstream and downstream petrochemical industries, as well as oil and gas, and that the committee supports such investments.

Iran dismisses reports of halting Iranian oil vessels

SHANA (Tehran) – The spokesperson for Iran's Foreign Ministry dismissed claims made by Reuters regarding the halting of Iranian oil tankers, labeling them as fabricated, false, or biased reporting.

Gas, diesel deliveries exceed targets this winter

SHANA (Tehran) – Gas and diesel deliveries during the winter of the current year surpassed the predetermined quotas, with average daily gas supply to the network exceeding 870 million cubic meters in the month of Bahman (Jan. 19-Feb. 18).

Iranian crude oil OSP for March announced by NIOC

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.

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.

IOTC ready to export any volume of delivered oil, CEO says

SHANA (Tehran) – The CEO of the Iran Oil Terminals Company (IOTC), during a visit to the Kharg oil terminal, emphasized the company’s critical role in the oil value chain, stating that the IOTC, relying on domestic capabilities and strategic infrastructure, is prepared to export any volume of oil delivered to it.

NIOC implementing three digital super-systems across eight oil fields

SHANA (Tehran) – The research and technology director of the National Iranian Oil Company (NIOC) announced that three digital super-systems are being implemented across eight oil fields in the country.

Oil collection unit launched at Cheshmeh Khosh field

SHANA (Tehran) – The project manager for the Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields announced the launch of a crude oil collection unit at the evaporation pond facilities of the Cheshmeh Khosh oil field.

NIOC announces development of two oil fields in Khuzestan

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced the development of the Arvand and Minou oil fields in Khuzestan, stating that drilling rigs will soon be deployed in these fields.

Aghajari Oil and Gas Production Company shines in boosting Iran’s crude production

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) stated that Aghajari Oil and Gas Production Company has excelled in increasing oil production during the 14th administration.

Iran’s heavy crude oil prices surge in January, OPEC reports

SHANA (Tehran) – According to the latest monthly report from OPEC, Iran’s heavy crude oil prices rose significantly in January, increasing by $6.65, or 9.1%, compared to December, 2024.

From the perspective of managers:

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

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 increases oil, gas production despite sanctions: NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that despite international challenges and sanctions, Iran has managed to increase its oil and gas production.

Long strides in oil industry: from exploration to production

SHANA (Tehran) – Following the Islamic Revolution, Iran's vast oil industry has achieved remarkable milestones by relying on domestic capabilities and indigenous expertise. Today, Iran's oil and gas sector stands as a symbol of self-sufficiency, independence, and national progress, with Iranian specialists and engineers making significant strides across various stages of the industry, from exploration to production.

From the perspective of managers:

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

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.

Hemmati highlights economic significance of lifting Iran's oil sanctions

SHANA (Tehran) – The minister of economic affairs and finance posted on social media platform X that lifting Iran's oil sanctions now holds greater economic importance than ever before.

NIOC boosts gas, oil production capacity

SHANA (Tehran) – Following the inauguration of the 14th administration in Iran, the National Iranian Oil Company (NIOC) has taken significant steps to address gas shortages, increase oil production, and develop infrastructure in the oil industry.