Shana

Finding Nemo, IEA discovers its ‘missing barrels’

SHANA (Tehran) - The International Energy Agency (IEA) has again found its ‘missing barrels’. Although the term should be viewed as a misnomer. Barrels are never actually missing; it is just that global demand for oil is being materially under-counted. 

Digital transformation to enhance safety in petchem industry

SHANA (Tehran) – The head of safety and firefighting at National Petrochemical Company announced that digital transformation and artificial intelligence strategies will be added to future safety and firefighting programs in the petrochemical industry.

70% of Isfahan Refinery’s products meet Euro 5 standards

SHANA (Tehran) –The CEO of Isfahan Refinery emphasized that more than 70% of the refinery’s products have been upgraded to meet Euro standards, stating that the facility produces about 15 million liters of Euro 5 gasoline and 25 million liters of diesel daily.

Overhaul of South Pars Gas Refinery 7 relies on domestic expertise

SHANA (Tehran) – The manager of the seventh refinery at South Pars Gas Complex announced the start of the 2025 major overhaul operations, aimed at maintaining gas production stability and improving product quality, beginning May 22.

Gas infrastructure expansion to double storage capacity

SHANA (Tehran) – The caretaker of Iranian Gas Engineering and Development Company announced progress on strategic projects in gas storage, transmission, measurement, and optimization, stating that the country’s gas storage capacity will more than double with the launch of expansion projects in Sarajeh and Shourijeh.

Deputy minister:

Gov’t, investors work to resolve financial challenges in projects

SHANA (Tehran) – The deputy planning minister of petroleum emphasized the importance of collaboration between the government and investors to address financial challenges in projects, stating: "One-sided concessions are not feasible under current conditions, and full cooperation from both sides is essential to overcome obstacles."

NPC calls for balanced petchem development, warning against short-term fixes

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to revise the development model of the petrochemical industry, stating that a more comprehensive approach is required to fully integrate the value chain and prevent resource wastage—one that ensures balance across the chain and avoids decisions influenced by short-term considerations.

Improved productivity, reduced imbalance through energy optimization

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) emphasized that energy optimization is not just an environmental and global necessity but has also become a multidimensional concept in production processes and facilities by increasing economic benefits and reducing imbalances.

Parliament backs easier investment in oil, energy

SHANA (Tehran) – A member of the Parliament’s Energy Committee emphasized the committee’s support for attracting investment in the oil and gas sector, stating that the legislature is focused on passing laws and regulations to facilitate domestic and foreign investment in the energy sector.

​​​​​​​Iran Shale Oil Recovery Know-how

SHANA (Tehran) –The Directorate of Exploration of the National Iranian Oil Company (NIOC) has embarked on centralized studies over recent years to explore unconventional resources.

Iran Ready for Gas Cooperation with Turkmenistan, Region

SHANA (Tehran) – President Masoud Pezeshkian said Tuesday that Iran is not only interested in importing gas from Turkmenistan but also has the capacity and capability to export and swap gas to regional countries.

NIGC prepares for winter: Early overhauls, supply fixes

SHANA (Tehran) – The director of production coordination and supervision at the National Iranian Gas Company (NIGC) outlined key measures to ensure stable gas supply in the second half of the year and a safe winter season. These include early major overhauls, reduced downtime, equipment supply chain improvements and the revival of preventive maintenance systems.

Full fuel distribution monitoring with real-time tracking: 50,000 violating fleets identified 

SHANA (Tehran) - The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) reported the detection of over 400 million liters of fuel diversion and 50,000 violating fleets in the past year, stating that real-time monitoring ensures complete oversight of petroleum products from production to end-use.  

Tehran, Kabul pledge closer collaboration on energy projects

SHANA (Tehran) – Iran’s oil minister and Afghanistan’s minister of mines and petroleum stressed the need to expand bilateral cooperation in oil and gas, discussing ways to enhance collaboration.

Overhaul of South Pars Phase 14 gas platforms completed

SHANA (Tehran) – The production and operations manager of Pars Oil and Gas Company (POGC) announced the completion of the overhaul of the South Pars Phase 14 gas platforms and their return to operation.

Iran, Turkmenistan move to deepen gas cooperation

SHANA (Tehran) – Iran’s oil minister and Turkmenistan’s foreign minister emphasized expanding bilateral cooperation in oil and gas, reviewing avenues for enhanced collaboration.

Parliament seeks to remove barriers to investment in oil industry

SHANA (Tehran) – The head of the Energy Committee in Parliament emphasized the need to streamline regulations to attract investment in the oil and gas industry, stating that Parliament is seriously focused on investment and will provide both legal and operational support.

$87b Investment in Petchem Sector

SHANA (Tehran) – Iran’s petrochemical production capacity is close to 100 mt/y, which is expected to increase in line with the objectives of the 7th National Economic Development Plan and under the aegis of arrangements made by the National Petrochemical Company (NPC).

Tax incentives for AI development in petchem industry

SHANA (Tehran) – The advisor to the CEO of the National Petrochemical Company (NPC) announced efforts to create a data lake to leverage artificial intelligence capabilities in the petrochemical industry, adding that tax incentives have been proposed to accelerate the process.

Power sector’s gas demand complicates overhaul work in hot season

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) said energy imbalances have worsened compared to previous years, and gas consumption remains high during hot months due to electricity generation needs.

Parts of subsidies given to diesel fuel consumers removed

Iran keeps monthly quota diesel price steady for commercial vehicles

SHANA (Tehran) - The CEO of National Iranian Oil Products Distribution Company (NIOPDC) emphasized that the subsidized diesel fuel quota price for urban and intercity transport fleets with verified performance will remain unchanged, stating it will stay at 300 tomans per liter.  

Energy Ministry proposal under review

SHANA (Tehran) - A member of the Iranian Parliament’s Energy Committee said the proposal to establish an Energy Ministry is under review, with the goal of consolidating the country’s energy sector management. However, further discussions are needed on implementation and organizational structure.  

Major oil, petchem projects to launch monthly: Paknejad

SHANA (Tehran) - Oil Minister Mohsen Paknejad announced at a cabinet meeting Sunday that one major oil or petrochemical project will begin operations each month from late May through the end of the year.  

PGPIC ready to cooperate with Uzbekistan

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) announced readiness to develop a roadmap for Iran-Uzbekistan cooperation in the petrochemical sector, stressing the need to expand bilateral collaboration, joint investments, and the exchange of petrochemical products and feedstocks.

Digital Public Relations: A prerequisite for professional public opinion management

SHANA (Tehran) – The deputy oil minister for gas affairs emphasized the strategic role of public relations in accurately representing the realities of the gas industry, stressing the need for digital tools, precise information, and a professional approach in organizational communications.

Nationwide fuel tracking system to disrupt smuggling operations

SHANA (Tehran) –The director of the Real-Time Monitoring Plan for the Supply and Distribution Chain of Petroleum Products at Iran's National Oil Engineering and Construction Company announced that the plan will be operational by the end of the Iranian year 1404 (March 2026).

NIORDC drives urban fleet modernization in Tehran

SHANA (Tehran) –The National Iranian Oil Refining and Distribution Company (NIORDC) has signed a memorandum of understanding to replace 20,000 gasoline-powered motorcycles with electric ones in Tehran, marking the first step toward modernizing the city’s fleet to promote clean transportation and reduce fuel consumption.

PGPIC secures license for largest capital market financing via securities

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Corporation (PGPIC) announced that the holding company has over $12 billion in unfinished projects, stating that a license for the largest capital market financing through securities has been obtained to realize the goal of "investment for production."