Shana

PGPIC reports 7% production growth

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) said the company’s production rose 7 percent last year as a result of research and development investments. He added that technology and innovation generated 590 trillion rials in additional operating revenue and cut operating costs by 180 trillion rials.

‘Nation’s development impossible without women’s participation’

SHANA (Tehran) – The adviser to the oil minister and acting head of the ministerial office said no country has achieved progress and development without the genuine participation of women, expressing hope that in the coming years more women entrepreneurs, skilled managers and experts will help accelerate national advancement.

NIOPDC outlines key measures of new gasoline plan

SHANA (Tehran) –The head of the National Iranian Oil Products Refining and Distribution Company (NIOPDC) outlined actions taken to meet the obligations under Iran’s new gasoline plan, saying the company is fully prepared to implement the government’s latest directive.

Fuel card issuance to continue as before, oil minister says

SHANA (Tehran) – Oil minister said the process for issuing fuel cards, including replacements, will continue unchanged and without creating any difficulties for the public.

Innovation no longer a choice but a condition for industrial survival

SHANA (Tehran) – Iran’s vice president for science, technology and knowledge-based economy said innovation is no longer optional but a prerequisite for the survival of industry, warning that any sector that distances itself from innovation will not endure. “In data-driven industries, the winner is the one who understands faster and more accurately,” Hossein Afshin said.

Start of surface facilities work at Yadavaran oil field

SHANA (Tehran) – The development manager of the Yadavaran oil field said the final results of the tenders for surface-facility work packages have been announced, clearing the way for implementation to begin. Two major operational packages — construction of wellhead facilities and pipeline networks — have been awarded to Bina Design and Construction Company and Khatam al-Anbiya Construction Headquarters.

Self-declaration system for multi-vehicle owners to receive gasoline quota launched

SHANA (Tehran) – The online self-declaration system for owners of multiple vehicles opened Tuesday and will remain available for one month for users to select the vehicle that will receive a gasoline quota under the new fuel-allocation plan.

South Pars sets goal to localize 100% of its equipment

The commercial director of the South Pars Gas Complex said more than 73% of the complex’s gas production now relies on the capabilities of domestic manufacturers and knowledge-based companies, adding that the complex is moving toward full localization of equipment required by its gas refineries.

Household gas use climbs past 3.6 bcm in second week of Azar

SHANA (Tehran) – Gas consumption in the household, commercial and small industrial sectors rose above 3.6 billion cubic meters in the second week of Azar (Nov. 29-Dec. 5), with average daily use exceeding 521 million cubic meters.

Iran a land of ‘Golden Investment Opportunities,’ oil minister says

SHANA (Tehran) - Iran’s oil minister said the country offers “golden opportunities” for investment, especially in the oil and gas sector, and announced that a package of contracts has been prepared for cooperation with friendly nations.

Spox: New gasoline plan to take effect Saturday

SHANA (Tehran) – The government spokesperson said a new gasoline plan will take effect early Saturday, December 13, introducing several changes including the removal of fuel quotas for government-plated vehicles — except ambulances — and for imported cars and free-trade zone license plates. The plan also sets the price of gasoline purchased with station cards at 5,000 tomans per liter.

Focusing on production isn’t enough

Policies must center on energy efficiency

SHANA (Tehran) – The deputy planning director of the Oil Ministry said continuing a “production-centered” approach is not only uneconomical but technically unfeasible. He added that effective cooperation among executive bodies and coordination with Parliament and the private sector is essential for advancing the country’s new energy-efficiency agenda.

Policy changes determine success in energy optimization

SHANA (Tehran) – The head of the Organization for Energy Policy and Strategic Management said the charter for the newly formed Organization for Energy Optimization and Strategic Management has been approved through cooperation among the Oil Ministry, the Energy Ministry and the Plan and Budget Organization. But he emphasized that the creation of a new agency is not a cause for celebration unless it leads to meaningful policy changes and a break from past mistakes.

Managing gasoline through pricing, nonpricing policies

SHANA (Tehran) – A member of the Iranian Parliament’s Energy Committee said gasoline policy must combine pricing and nonpricing measures to be effective, adding that price tools alone will not deliver the desired results.

Failure to reform consumption led to energy crisis

SHANA (Tehran) – Failure to reform consumption patterns has led the country to an energy crisis, said the head of the Iran Chamber of Commerce, Industries, Mines and Agriculture’s Energy Commission.

Parliament approves budget line for NIOC

SHANA (Tehran) – Lawmakers have approved creating a dedicated budget line for investment in approved projects of the National Iranian Oil Company (NIOC) and other exploration and production companies in the annual budget.

Youth engagement, a vital need for today’s oil industry

SHANA (Tehran) – The oil minister honored the memory of student martyrs and emphasized the unparalleled role of university students in Iran’s development and their key contribution to the future of the oil industry.

‘Equating technology, innovation with research is a mistake’

SHANA (Tehran) – Sorena Sattari, innovation and knowledge-based economy advisor to the CEO of Persian Gulf Petrochemical Industries Company, emphasized that equating technology and innovation with research is a mistake, noting that only 30% of technology is research.

Aging petchem plants risk losing global competitiveness without upgrades

SHANA (Tehran) – Mahmoud Aminnejad, deputy for development and business at Persian Gulf Petrochemical Industries Company, said that continuing to operate Iran’s 60-year-old petrochemical units without modernization and technological upgrades will push them out of the global competitive cycle and even make them unprofitable.

Pezeshkian: Current gasoline prices unfair, hurt vulnerable Iranians

SHANA (Tehran) – President Masoud Pezeshkian criticized imbalances in electricity, water, environmental, and financial sectors and called for fairness in gasoline pricing to protect the livelihoods of all Iranians. Speaking at a Student Day ceremony at Shahid Beheshti University on Sunday, Pezeshkian said the current gasoline system is not only unfair but also harms the country’s most vulnerable citizens.

New step toward stabilizing oil production at Aban, Paydar-e Gharb fields

SHANA (Tehran) – The acting director of the Aban and Paydar-e Gharb oil field development and production enhancement project said the company has prioritized bringing the “Sarvak” oil layer online as its main strategy to stabilize and increase output from the two fields.

NPC: Production focus should not hinder tech development in petchem industry

SHANA (Tehran) – The CEO of the National Petrochemical Company said the industry must deepen its focus on research and domestic manufacturing, emphasizing that years of dealing with production issues, feedstock concerns and daily operational challenges have diverted attention from solving the sector’s technological problems.

Paknejad calls for fair competition in oil industry hiring

SHANA (Tehran) – The oil minister stressed the need to create a fair competitive environment for recruiting graduates from all universities into the oil industry, saying the ministry is working to expand hiring capacity in line with industry needs.

Minister: Young specialists build future of oil industry

SHANA (Tehran) – In a meeting with students, the oil minister emphasized the decisive role of the younger generation in shaping the future of Iran’s oil industry and addressing national challenges. He underscored the need to restore the Petroleum University of Technology to its former prominence and to draw on students’ scientific capacity and creativity. “The future of the country is in your hands, and it cannot be built without knowledge and expertise,” he said.

Trust in domestic capacity key to supplying $2b in petchem equipment

SHANA (Tehran) – The head of the National Petrochemical Company (NPC) highlighted the industry’s annual need for roughly $2 billion in foreign-made equipment and said building confidence in domestic manufacturers can turn Iran into a large national production hub.

SCI: Oil accounts for 23.7% of economic growth in H1

SHANA (Tehran) – Iran’s economy grew 0.1% with oil and contracted 0.5% without oil in the first six months of 1404, according to new data from the Statistical Center of Iran. The figures show that oil contributed 23.7% to Iran’s economic growth this summer, meaning roughly one-quarter of the country’s overall growth came from the oil sector.

Gas compression; solution to falling output at South Pars

SHANA (Tehran) – Iran’s oil minister underscored the critical importance of the South Pars gas-compression project, warning that based on technical reviews and forecasts, the field will begin losing part of its annual production in the next one or two years due to natural pressure decline after decades of operation.

Maintaining grid stability through fuel consumption management

SHANA (Tehran) – The oil minister stressed the need to maintain grid stability by managing fuel consumption in households, small industries and power plants, in cooperation with various sectors of the oil industry.

Streamlining NIOC to cut project timelines: Paknejad

SHANA (Tehran) – Oil Minister Mohsen Paknejad said the National Iranian Oil Company must be streamlined to shorten project execution timelines.

Optimization of equipment to sustain South Pars gas production

SHANA (Tehran) – The deputy director of production and operations at Pars Oil and Gas Company said a redesign and replacement of a choke valve cage on one of Phase 19 wells in the South Pars joint field has been completed successfully as part of efforts to sustain gas output.