SHANA (Tehran) – The technical adviser to the CEO of the National Iranian Oil Company (NIOC) emphasized the need to upgrade hydraulic fracturing know-how, saying higher oil and gas production cannot be achieved solely by expanding drilling fleets. Localizing key technologies, he said, is the fastest and most cost-effective path to boosting national output.
SHANA (Tehran) – A look at oil prices in 2025 shows a volatile year in which the strategic commodity fell from about $74 a barrel at the start of the year to near $60 by year’s end, a decline of nearly 20%. Brent crude briefly topped $82 at times but spent much of the year under pressure, at one point flirting with the $50 range before stabilizing around $60. A mix of economic, geopolitical and supply-side factors drove the swings. Here are the main forces that shaped oil prices in 2025.
SHANA (Tehran) – A presidential adviser said Iran’s petrochemical industry could become one of the country’s main engines of wealth creation and economic growth by easing investment procedures, cutting red tape, tapping small-scale foreign currency investments and leveraging the capacity of new technology-based firms.
SHANA (Tehran) – Coinciding with the eighth of Dey (December 29), National Petrochemical Industry Day, the CEO of the National Petrochemical Company reviewed the 61-year history of the industry and examined its key milestones across three phases—“the beginning,” “the period of maturity,” and “the current stage.” He said that, fortunately, a roadmap for the petrochemical industry has been prepared through the end of the Eighth Development Plan and even for a 25-year horizon beyond that.
Tehran, IRNA – The foreign ministers of Iran and Qatar have held talks to review regional developments, with a particular focus on recent events in Yemen and the need to preserve the country’s territorial integrity.
SHANA (Tehran) – The CEO of Pars Oil and Gas Company said daily production from the South Pars gas field has reached 723 million cubic meters, praising round-the-clock efforts by the company’s headquarters and operational staff.
SHANA (Tehran) – The head of Industrial Equipment and Process Machinery Maintenance at the National Iranian South Oilfields Company said proactive planning, localization of strategic parts and round-the-clock efforts by operational teams led to the completion of more than 63% of the company’s annual major overhaul program in 1404, an unprecedented achievement that has strengthened production stability, reduced flaring and supported environmental protection.
SHANA (Tehran) – An energy analyst says global oil prices are unlikely to rise sharply in 2026, citing greater market resilience and the absence of major geopolitical or economic shocks.
Head of Iran’s State Welfare Organization Javad Hosseini (L) meets with Mohiuddin Khairullahzadeh, Tajikistan’s deputy minister of health in Dushanbe on December 23, 2025.
SHANA (Tehran) — Iran’s oil minister said a new gasoline policy has reduced fuel consumption by about 9 million liters in its first week of implementation but cautioned that its full impact can only be assessed over the long term.