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A 47-year record: How petrochemical industry became a driver of non-oil economy
SHANA (Tehran) - Over the past 47 years, Iran’s petrochemical industry has gradually moved away from crude oil and gas sales and emerged as one of the country’s main engines of non-oil economic growth. With production capacity expanding more than 33-fold, exports rising sharply and export value increasing nearly 194 times, the sector now plays a central role in generating sustainable foreign currency revenue, completing value chains and strengthening the economy against volatility in global oil markets.
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Pricing arbitration opens path to specialized dispute resolution in petrochemicals
SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Complementary Industries Investment and Development Group (Petrol) said the transfer of arbitration over utility service pricing to the National Petrochemical Company marks a starting point for broader use of specialized arbitration mechanisms in the petrochemical industry.
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Technological self-reliance takes shape in oil industry, strategic steps target enhanced recovery
SHANA (Tehran) – The National Iranian Oil Company (NIOC) has rolled out a broad range of technology-driven programs and achievements aimed at boosting production, improving recovery rates and advancing the digitalization of the country’s oil and gas fields. The initiatives focus on field-based and problem-oriented research, enhanced oil recovery (EOR) technologies, artificial intelligence and the localization of strategic equipment.
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Second Phase of Sulfur Recovery Unit at Persian Gulf Star Refinery comes online
SHANA (Tehran) – The second phase of the sulfur recovery unit at the Persian Gulf Star Refinery was inaugurated during the Ten-Day Dawn celebrations, with the deputy oil minister for refining and distribution in attendance.
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Oil can help achieve SDG 7
SHANA (Tehran) –Globally, over 666 million people do not have access to electricity. If those without electricity were a country, they would be the third most populous on earth.
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Smart, data-driven crackdown on fuel smuggling under 14th Administration
SHANA (Tehran) – The price gap between fuel in Iran and neighboring countries has long made the smuggling of petroleum products a major challenge for the economy and energy security. In response, the 14th administration has adopted an active, data-driven approach focused on expanding smart monitoring systems, real-time oversight of the supply chain and tighter supervision of major consumers. Early results include lower diesel consumption, greater transparency and the identification of organized smuggling networks.
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Household gas use accounts for 64% of total on Wednesday
SHANA (Tehran) – Household, commercial and small industrial users consumed 64% of the natural gas delivered to Iran’s national grid on Feb. 3, according to the National Iranian Gas Company.
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Refinery projects are coming online during Ten Days of Fajr
SHANA (Tehran) – Six major refinery projects are scheduled to come on stream during the Ten Days of Fajr at the Shiraz, Tehran and Isfahan refineries, aimed at improving fuel quality, cutting environmental pollution, diversifying products and optimizing water and energy use.
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Iran’s oil industry: A 47-year chronicle of self-reliance and resilience
SHANA (Tehran) – The story of Iran’s oil industry on the 47th anniversary of the Islamic Revolution cannot be told through dry administrative statistics. It must be sought in the warm breath of the men and women who, during the harsh years of war and suffocating sanctions, kept the flame of oil production and exports alive through sacrifice and perseverance. Without reliance on foreign presence, they safeguarded the country’s economic lifeline by ensuring the uninterrupted flow of oil.
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Iran adds 1,000 kilometers to oil, product pipeline network
SHANA (Tehran) – The head of Iran’s Oil Pipelines and Telecommunications Company said the country has added about 1,000 kilometers of new pipelines, bringing the total length of its crude oil and petroleum product pipeline network to 15,000 kilometers.
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Historic record set in power plant fuel reserves
SHANA (Tehran) – Power plant gasoil reserves reached more than 3.4 billion liters for the first time in the country’s history in Aban this year, equivalent to more than 90% of total storage capacity. The level marks an increase of 86% and 6%, respectively, compared with the highest reserves recorded in the Iranian years 1403 (2024) and1402 (2023).
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South Pars: From record gas output to higher efficiency
SHANA (Tehran) – Pars Oil and Gas Company, the developer of the world’s largest gas field, has experienced a distinct period of operational and development activity under Iran’s 14th administration, marked by stabilized output at the shared South Pars field, record gas production, higher asset efficiency and groundwork for new offshore gas developments in the Persian Gulf.
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Domestic capacity key to gas network stability
SHANA (Tehran) – The head of the National Iranian Gas Company said expanding gas storage and relying on domestic capabilities are essential to ensuring the stability of the country’s gas network, noting that the decision to locally manufacture gas storage equipment has significantly improved reliability.
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Shiraz refinery project prevents release of 20 tons of sulfur
SHANA (Tehran) – The economic deputy of the Armed Forces Social Security Organization said the Shiraz refinery diesel quality upgrade project (DHT), comprising 13 processing units, has been completed and will prevent the daily release of 20 tons of sulfur into the environment.
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Utilities pricing arbitration seen as step toward smarter petrochemical regulation
SHANA (Tehran) – The vice chairman of Parliament’s Energy Committee said arbitration over the pricing of auxiliary services marks a move toward smarter regulation in Iran’s petrochemical industry and could pave the way for an independent regulator aligned with international energy governance standards.
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Phase 2 of Bushehr Petrochemical Plant begins operations
SHANA (Tehran) – The olefin, monoethylene glycol, and offsite utility units of the Bushehr Petrochemical Plant, representing a total investment of $1 billion, were inaugurated by order of the president.
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$183m project at Shiraz Refinery inaugurated, upgrades fuel to Euro 5
SHANA (Tehran) – The Shiraz Oil Refinery's Diesel Quality Improvement Project (DHT) was officially inaugurated Tuesday via videoconference by President Masoud Pezeshkian, accompanied by Oil Minister Mohsen Paknejad.
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Petrochemical production capacity hits 100m tons per year
SHANA (Tehran) – Iran's annual petrochemical production capacity has increased by about 3.7 million tons to 100 million tons under the 14th administration, Oil Minister Mohsen Paknejad said Tuesday.
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Unveiling of gas storage compressor symbolizes domestic capability enhancement
SHANA (Tehran) – The unveiling of a high-pressure gas storage compressor represents more than just the introduction of new technological equipment; it is a symbol of a successful model of targeted collaboration between employer, contractor, and domestic manufacturers on the path to enhancing the country's technical capabilities, said the deputy oil minister for engineering, research and technology.
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Petchem industry reaches 100-million-ton mark, celebrates new projects
SHANA (Tehran) – The CEO of the National Petrochemical Company announced the operational launch of several major production and infrastructure projects in the petrochemical industry, coinciding with the Ten Days of Fajr celebrations. He stated that with these inaugurations, the industry can celebrate reaching an annual production capacity of 100 million tons.
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Public key to 10% energy saving goal
SHANA (Tehran) – The public plays the most significant role in the conscious consumption and reduction of energy waste, said the energy consumption optimization manager of the National Petrochemical Company.
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Iran sets numerous records in gas production
SHANA (Tehran) – Statistics from the Ministry of Petroleum in the 14th government indicate numerous and historic record-breaking achievements in gas production. This achievement, though shadowed by suboptimal consumption which diminishes its delight, has been realized solely through the perseverance of oil industry personnel, integrated management, and precise planning, painting a picture of our beloved Iran's strength.
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Privatizing oil; a driver for energy projects
SHANA (Tehran) – A member of Parliament’s Energy Committee emphasized the constructive role of the private sector, stating that the Oil Ministry's strategy of involving the private sector in oil and gas industry projects, and relying on its capacities, could undoubtedly benefit the national economy and accelerate the development of the oil industry.
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Historic arbitration ends long-running petrochemical pricing dispute
SHANA (Tehran) – A senior Oil Ministry official said a landmark arbitration ruling that assigns oversight of auxiliary services pricing to the National Petrochemical Company has ended one of the industry’s longest-running disputes and set a new framework for state–private sector interaction.
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Strategic oil industry plans approved to boost production
SHANA (Tehran) – Strategic plans in the oil and power sectors aimed at increasing production and strengthening the country’s energy supply were approved on Monday at a meeting of the Economic Council.
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Oil output growth using modern methods on agenda
SHANA (Tehran) – The head of the National Iranian South Oilfields Company said the company’s top priority is producing oil and gas safely and sustainably while fully observing environmental standards, stressing that plans to boost output through modern methods are being pursued in earnest.
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Oil Ministry maintains gas network stability during harsh winter
SHANA (Tehran) – Oil Ministry said preventive measures taken ahead of winter ensured the stability of the national gas network and uninterrupted electricity supply during one of the coldest seasons in recent years.
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Effective use of domestic capabilities to address energy challenges
SHANA (Tehran) – A member of parliament's Energy Committee emphasized the effective use of domestic capabilities and expert human resources to address energy sector challenges and achieve development goals.
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NIGC commissions over 3,140 gas projects during anniversary period
SHANA (Tehran) – The head of the National Iranian Gas Company announced the commissioning of 3,143 gas supply projects valued at approximately 83 trillion rials during the Ten Days of Dawn, a period marking the anniversary of the Islamic Revolution.
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Household gas consumption declines to 586 mcm
SHANA (Tehran) – Gas consumption by households, commercial establishments, and small-scale industries reached 586 million cubic meters on February 1, equivalent to 68% of total gas supplied to the network.