Shana

Fueling an 8% growth target: Petchem industry's 131m-ton goal

SHANA (Tehran) – The petrochemical industry, aligning with the annual slogan and the objectives of the 7th Development Plan (2024-28), has set its sights on reaching a nameplate capacity of 131 million tons.

Oil Minister outlines key achievements, priorities of gov’t

SHANA (Tehran) — Oil Minister Mohsen Paknejad detailed the main actions of the Oil Ministry over the past year, emphasizing that the ministry aims to accelerate projects and pursue both short-term initiatives led by the private sector and long-term infrastructure plans.

2.455bn Oil Barrels Awaiting Investment

SHANA (Tehran) - Mehr, Zagheh, Shour, and Genaveh oil fields are untapped offshore reservoirs that were recently introduced as opportunities for investment in Iran’s upstream oil and gas sector. The four oil fields collectively hold 2.455 billion barrels of oil in place, with an estimated investment of $265 million required for their development. Mehr and Zagheh lie in Khuzestan Province, and the other two are in Bushehr. What has made the fields attractive to investors is their geographical position.

Iran’s petrochemical industry invests $10b in Chabahar

SHANA (Tehran) – The head of Iran’s National Petrochemical Co. (NPC) said the company is ready to welcome investors in the southeastern port city of Chabahar, where about $10 billion has already been invested, creating capacity for more than 10 million tons of petrochemical production.

Harsh winter, stable gas: From record output to crisis management

SHANA (Tehran) – Iran faced one of its coldest winters last year, marked by unprecedented low temperatures and soaring natural gas demand. Yet, through careful planning and coordinated action by the Oil Ministry and the National Iranian Gas Co., the country not only avoided widespread outages but also set historic records in gas production and transmission, underscoring the resilience of its energy sector.

West Karun Oil Fields: Balancing rising production with sustainable development

SHANA (Tehran) – The CEO of Petroleum Engineering and Development Company (PEDEC) outlined the company’s strategic plans for developing the West Karun joint oil fields, highlighting key achievements over recent months. These include completing processing infrastructure, adopting advanced drilling technologies, capturing associated gas, and adhering to environmental regulations.

Petchem industry key to overcoming downstream sector challenges

SHANA (Tehran) – The petrochemical industry is crucial for navigating the challenges faced by downstream industries, a National Petrochemical Co. official said Monday.

NPC should steer value chain development

SHANA (Tehran) – The CEO of Kimia Group said a comprehensive roadmap, capable managers and precise execution are three prerequisites for the sustainable development of the petrochemical industry, adding that the National Petrochemical Co. must be the architect and leader of the value chain's development.

Technocracy-Based Energy Diplomacy

SHANA (Tehran) - As soon as President Donald Trump took office in the United States, the global economy, in general, and the energy market, in particular, underwent significant changes. Over the past few months, the Trump-led US and China have been engaged in a tough trade war, reciprocating with heavy tariffs on imports from each other. The tariff war has added to concerns over the negative impact of US trade tariffs on demand for fuel, slashing around $2 from crude oil prices. Trump’s tariff policy, designed to plug the US budget deficit, has either directly or indirectly affected other countries. Iran has not been immune.

Refining industry transformation:

Energy sustainability through increased gasoline, diesel production

SHANA (Tehran) – Iran’s Ministry of Oil has prioritized increasing domestic refining capacity and ensuring a stable supply of strategic products, particularly gasoline, since the start of the current administration. This focus comes after years of challenges in the production-consumption balance due to rising domestic demand, infrastructure limitations, and sanctions impacting equipment supply, which risked increasing import dependence and straining foreign currency reserves.

Iran undertakes major overhauls at 10 refineries to ensure stable fuel supply

SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) is conducting extensive maintenance at 10 refineries across the country to ensure a stable and secure supply of fuel, a senior company official announced.

Iran's petchem industry aims to bolster position by leveraging capacities

SHANA (Tehran) – To solidify its position in the global petrochemical industry, Iran must strategically leverage its potential advantages and capacities to move away from raw material sales and focus on developing its value chain, said the planning and development director of the National Petrochemical Co.

Iran sets new record for oil production

SHANA (Tehran) – The CEO of the National Iranian Oil Company announced the country has set a new record for oil production.

NPC head outlines key challenges in completing value chain

SHANA (Tehran) – The head of Iran’s National Petrochemical Company said the lack of technical knowledge, feedstock, capital, implementation experience and a supportive business environment are the main obstacles to completing the country’s petrochemical value chain.

Oil industry, universities, research centers can drive petchem value chain growth

SHANA (Tehran) – Strengthening ties among the oil industry, universities and research centers can pave the way for developing Iran’s petrochemical value chain, the head of the Research Institute of Petroleum Industry said Monday.

Iran’s gasoline distribution rises nearly 7%

SHANA (Tehran) — Iran’s daily gasoline distribution grew nearly 7% this year (started March 21), reaching a record of more than 200 million liters in a single day, according to the head of the National Iranian Oil Products Distribution Co.

Oil minister honors employees, hails workforce as engine of progress

SHANA (Tehran) — Iran’s oil minister marked Employee Day with a message praising oil industry employees for their dedication, describing them as being on the front line of public service and a pillar of the country’s energy security.

Iran Oil Sector: A Paradox of Potential and Opportunity

SHANA (Tehran) - Iran, strategically located in the Middle East and Central Asia, holds a huge amount of oil and gas. We are talking about some of the world’s largest proven crude oil and natural gas reserves. This means the country’s energy sector is incredibly important on the global scene, with immense potential for investment and for really capitalizing on Iran’s substantial wealth.

KOGPC sets daily record of 1m barrels

SHANA (Tehran) — The managing director of Karoun Oil and Gas Production Co. announced a historic milestone in March 2025, with daily crude oil output reaching 1 million barrels for the first time.

South Pars uses 90% local goods in overhauls

SHANA (Tehran) – The South Pars Gas Complex announced that more than 90% of the materials used in its major overhauls are domestically produced, a move officials say ensures sustainable production and strengthens Iran’s tech-based economy.

Expert: Oil Ministry’s key win was boosting production amid crises

SHANA (Tehran) – An energy expert said the Oil Ministry’s most significant accomplishment in the first year of Iran’s 14th administration was boosting oil and gas production capacity while effectively managing major crises.

Iranian nation stand firm against illegitimate expectation that wants Iran obedient to US

SHANA (Tehran) – Ayatollah Khamenei, the Leader of the Islamic Revolution, met with thousands of people from various walks of life today, August 24, 2025, in a mourning ceremony commemorating the martyrdom anniversary of Imam Reza (pbuh), in the Imam Khomeini Hussainiyah.

Iran sets new oil, gas production records despite sanctions, war

SHANA (Tehran) — Iran’s oil industry has posted record production levels of crude oil and natural gas despite facing sanctions, energy shortfalls and the impacts of war, according to government data.

Iran touts oil sector gains: Exports up, idle capacity restored

SHANA (Tehran) – The deputy head of the Iranian Parliament's Energy Committee cited the most significant achievements of the Oil Ministry under the 14th administration as growth in oil exports, an improved national gas balance, the activation of private sector capacity, and the revival of idled and suspended capacities in the upstream and midstream oil and gas industry.

Paknejad’s first year: Leading Iran’s oil industry through war, sanctions

SHANA (Tehran) – A year has passed since Mohsen Paknejad took office as oil minister in Iran’s 14th administration—a year marked by major events and challenges. His tenure reflects a clear blend of commitment and expertise that shaped the ministry’s performance during turbulent times.

Iran launches free program to convert gasoline cars to dual-fuel

SHANA (Tehran) — Iran has begun registering privately owned gasoline vehicles, model year 2018 and newer, for free conversion to dual-fuel systems, the head of the National Iranian Oil Products Distribution Co. announced.

Energy sector’s future hinges on major decisions, digital transformation

SHANA (Tehran) – The future of the energy industry depends on major policy decisions, digitalization and stronger organizational integration, the head of the Research Institute of Petroleum Industry (RIPI) said Wednesday.

Technology, innovation ecosystem seen as key to oil industry growth

SHANA (Tehran) — Closer cooperation among Iran’s Oil Industry University, the Research Institute of Petroleum Industry (RIPI) and the Oil Industry Innovation and Technology Park will play a critical role in advancing the country’s oil sector, a senior official said Wednesday.