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Aghajari flare gas recovery project surpasses 60% completion
SHANA (Tehran) - The flare gas recovery project in the Aghajari oilfield has progressed more than 60%, with plans to virtually eliminate routine flaring in the area by the end of the Iranian year 1407 (March 2029), according to the head of the Aghajari Oil and Gas Production Company.
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Oil Ministry's road map to attract public investment
SHANA (Tehran) - ran’s Oil Ministry under the 14th administration has rolled out a comprehensive plan to channel liquidity into the heart of the energy sector by introducing new financial instruments, establishing a guarantee fund and opening wider participation to the private sector. The initiative signals a shift in oil governance aimed at linking national wealth to public investment.
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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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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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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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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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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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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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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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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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NIDC accelerates drilling fleet expansion under Seventh Development Plan
SHANA (Tehran) – The country's drilling industry has entered a new phase of development under the seventh five-year development plan, focusing on expanding drilling fleet capacity and improving operational efficiency. This phase prioritizes acquiring new rigs, modernizing the existing fleet and enhancing key performance indicators to support increased oil and gas production.
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Leader: Greed for oil, strategic dominance fuels US hostility
SHANA (Tehran) – In a pointed address, Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei asserted that the primary driver of American animosity towards Iran is a desire to seize control of the nation's vast resources and strategic geopolitical standing.
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Ending the era of gas flaring
SHANA (Tehran) – The Ministry of Oil, through the simultaneous implementation of major national projects and innovative contracts with the private sector, is transforming the environmental threat of gas flaring into a significant opportunity for production and investment.
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Oil Ministry turns to private sector in key development move
SHANA (Tehran) – The deputy chairman of the Parliament’s Energy Committee, praising the Oil Ministry’s reliance on the private sector, stressed that this trust is undoubtedly key to attracting investment in the country's oil and gas industries.
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NPC to arbitrate pricing of ancillary petrochemical services
SHANA (Tehran) – The Supreme Council for Economic Coordination of Heads of Branches approved granting the National Petrochemical Company authority to arbitrate the pricing of ancillary services in the petrochemical industry.
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Monthly gas consumption of household sector surges topping 19 bcm
SHANA (Tehran) – Natural gas consumption in the residential, commercial and small industrial sectors surpassed 19 billion cubic meters in Dey 1404 (December 22, 2025-January 20, 2026), with the daily average exceeding 640 million cubic meters.
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Oil minister dismisses concerns over possible US deals with Tehran’s customers
SHANA (Tehran) – Oil minister said there is no need for concern that the United States, after gaining control of Venezuelan oil, could strike deals with Iran’s long-standing oil customers such as China.
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OPEC oil basket price rises nearly $2
SHANA (Tehran) – The price of the OPEC oil basket rose by nearly $2 on Thursday (Jan. 29), according to the organization’s secretariat.
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Over 165 bcm of sweet gas injected from South Pars refineries
SHANA (Tehran) – The managing director of the South Pars Gas Complex said 165.5 billion cubic meters of sweet gas were injected into Iran’s national grid from the start of the current year through Feb. 3, adding that all 13 refineries in the complex are fully prepared to maintain energy stability during peak winter demand.
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Flaring gas recovery a strategic priority for oil industry
SHANA (Tehran) – The CEO of the National Iranian South Oilfields Company (NISOC) said collecting flare gas is among the oil industry’s most important and valuable initiatives to boost efficiency, complete the value chain and protect the environment.
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New energy governance model launches with contracts between NIGC, private sector
SHANA (Tehran) - A new, data-driven energy governance model centered on "Operator Companies" officially began with the signing of 22 strategic contracts between the National Iranian Gas Company and the private sector.
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Gas grid remains stable during peak demand
SHANA (Tehran) - The stability of the country's gas grid during peak consumption periods is due to the efforts of oil and gas industry personnel.
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19th Iran-Russia Joint Economic Commission to be held in Tehran
SHANA (Tehran) — The 19th Iran-Russia Joint Economic Commission will be held in Tehran from Feb. 16 to 18, with both sides expressing optimism about the expanding scope of bilateral cooperation, Iran’s deputy oil minister for international affairs and commerce said.
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Growth of crude production, exports in H1 amid economic stagnation
SHANA (Tehran) – Statistics by the Central Bank of Iran (CBI) show a 1.1-percent growth in crude oil production and exports during first six months of the current Iranian year (started March 21, 2025), an indicative achieved amid economic as a 0.6-percent drop registered in growth domestic production of the country.
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How Iran kept its gas grid running as winter demand hit record levels
SHANA (Tehran) – Iran’s nationwide gas network remained stable during a prolonged winter cold spell and a record surge in consumption, as the Oil Ministry coordinated production increases and supply-demand management to prevent pressure drops across the system.
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Five provinces account for nearly half of Iran’s gas consumption
SHANA (Tehran) — The head of dispatching at the National Iranian Gas Company said five provinces — Tehran, Khorasan Razavi, Isfahan, East Azarbaijan and Mazandaran — together account for nearly 50% of the country’s total natural gas consumption.
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Major transformation in gas industry begins with private-sector participation
SHANA (Tehran) – Iran’s deputy oil minister for planning said the signing of 22 contracts to optimize gas consumption with private-sector partners marks the start of a major transformation in the country’s gas industry and will put the sector on a markedly different path for the future.
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22 gas optimization contracts inked with operator companies
SHANA (Tehran) – Twenty-two contracts aimed at optimizing gas consumption were signed between 11 provincial gas companies and domestic operator firms.