Shana

Oil minister denies report of 40m barrels of Iranian oil stranded at sea

SHANA (Tehran) — Iran’s oil minister has rejected claims by foreign media that more than 40 million barrels of Iranian oil are stranded at sea, calling the reports baseless.

NIOPDC ready to implement fuel quota transfer pending cabinet approval

SHANA (Tehran) —The National Iranian Oil Products Distribution Company (NIOPDC) is prepared to implement fuel quota transfers to bank cards once the executive bylaw is approved by the Cabinet, the company’s managing director said.

Private sector to begin importing premium gasoline

SHANA (Tehran) — Iran has started the process of granting licenses for the import of premium gasoline by private companies, according to the National Iranian Oil Products Distribution Company (NIOPDC).

1.5 bcm of gas storage capacity added at Sarajeh field

SHANA (Tehran) — The gas storage capacity at the Sarajeh field will increase to 1.5 billion cubic meters (bcm) per year, with daily extraction rising to 15 million cubic meters, upon completion of its second development phase. This expansion will strengthen Iran’s gas network resilience during peak winter demand.

Nearly 20 new petchem facilities to boost Iran’s output

SHANA (Tehran) – The director of projects at Iran’s National Petrochemical Company outlined 19 petrochemical projects expected to become operational by the end of the current Iranian year (March 2026). These include 15 production projects and four feedstock supply projects.

OPEC+ monitoring committee holds meeting with oil minister in attendance

SHANA (Tehran) - The 61st meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) was held via video conference with the oil minister as the 2025 OPEC Conference president in attendance.  

Third well ring of infill drilling project begins operation in SP

SHANA (Tehran) – The CEO of Pars Oil and Gas Company announced the commissioning of the third well ring in the infill drilling project at the South Pars gas field, stating that daily gas extraction capacity has increased by 1.6 million cubic meters.

Iran vows to maintain oil exports, plans for sanctions snapback

SHANA (Tehran) – Iran’s oil minister emphasized the continuation of the country’s oil exports, stating that the Ministry of Petroleum has necessary plans in place to address sanctions and the potential activation of the "snapback" mechanism.

Sanctions fail to stop Iran’s oil exports from setting new records

SHANA (Tehran) – Iran’s crude oil exports have set new records, a fact now undeniable even to foreign media outlets competing to cover the story. This achievement comes amid challenging times, made possible by the smart strategies and dedication of Iran’s oil industry workers.

Non-pricing measures introduced to manage fuel consumption

SHANA (Tehran) - Deputy oil minister announced the implementation of non-pricing measures to manage fuel consumption, stating that the use of an energy efficiency certificate mechanism has enabled financing for fleet modernization and improved fuel efficiency.

Over 600 CNG stations provided free gas during 12-day war

SHANA (Tehran) – The 12-day war and an unprecedented surge in fuel consumption tested the resilience of Iran’s energy infrastructure and industry cohesion.

High-efficiency heaters to replace 4m old models

SHANA (Tehran) – Iran has officially launched a nationwide project to replace millions of outdated gas heaters with high-efficiency models, aiming to optimize natural gas consumption and redirect saved resources toward industrial use, officials said.

Supplying 700,000 cubic meters monthly

Sea water transfer to Isfahan refinery begins trial operation

SHANA (Tehran) — The managing director of the Isfahan Oil Refining Company announced the launch of trial operations for the first phase of a major seawater transfer project to Isfahan Province, aimed at supplying industrial water needs in the drought-stricken region.

Daily diesel consumption drops by 5m liters through consumption management, anti-smuggling efforts

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced a daily average reduction of 5 million liters in diesel consumption in the current Iranian year (1404) compared to last year.

Leader grants permission for NDF to invest in energy sector

SHANA (Tehran) – The head of the National Development Fund’s executive board announced that the Leader has granted unprecedented permission for the fund to invest in oil, gas, and electricity sectors.

Preventing fuel smuggling through strict oversight, interagency coordination

SHANA (Tehran) – The deputy CEO of the National Iranian Oil Products Distribution Company (NIOPDC) emphasized the necessity of interagency cooperation to prevent off-network fuel distribution and the importance of using personal fuel cards.

Gas supports power plants; sustained fuel supply ensures stable electricity

SHANA (Tehran) – Power plants remained the top natural gas consumers last week, receiving over 2.024 billion cubic meters of gas.

Petchem industry crisis production continuity directive issued

SHANA (Tehran) – The CEO of the National Petrochemical Company announced the issuance of a directive to ensure production continuity in the petrochemical industry during critical and emergency conditions, aiming for stable output and meeting the needs of downstream industries.

Paknejad:

Fuel station inspections show no signs of water mixed with gasoline

SHANA (Tehran) – Iran’s oil minister emphasized that periodic and regular inspections of fuel stations by the National Iranian Oil Refining and Distribution Company (NIORDC) have found no evidence of water mixed in gasoline. He added that no consumer complaints have been received regarding the issue.

Oil production, exports continuing under favorable conditions

SHANA (Tehran) – Iran’s oil minister said Wednesday the country’s crude production and exports are ongoing and stable, though he declined to provide specific figures.

Petchem industry committed to meeting approved plans

SHANA (Tehran) – The planning and development director of the National Petrochemical Company (NPC) said the petrochemical sector remains firmly committed to its pre-approved goals and is seriously pursuing the implementation of its programs.

Drilling fleet productivity nears 80%

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) for drilling operations put the drilling fleet productivity at 78% and announced a 9.1% reduction in standby time during the first quarter of this year. He stated that these achievements were made possible through domestic capabilities, coordinated planning, and centralized management.

Weekly natural gas consumption tops 4.2 bcm

SHANA (Tehran) – Iran consumed more than 4.2 billion cubic meters (bcm) of natural gas across three major sectors—power plants, large industries, and residential, commercial, and small industries—during the week ending July 11.

Oil minister’s message after president’s visit:

Oil industry unity is key to overcoming crises

SHANA (Tehran) – The oil minister said the president’s visit to the Oil Ministry boosted the morale of petroleum industry workers. In a message, he thanked employees for their efforts during the days of the Zionist regime’s aggression, calling the solidarity of the oil industry’s workforce the key to overcoming crises.

President praises oil industry staff, calls them 'Frontline warriors'

SHANA (Tehran) – In a message acknowledging the resilience and tireless efforts of oil industry workers during the days of the Zionist aggression, the president said the employees of this sector were frontline warriors who, under the most challenging conditions, courageously and dutifully fulfilled their mission of securing the country’s energy supply.

Fuel supply held steady in war: Minister

SHANA (Tehran) – Oil Minister Mohsen Paknejad welcomed and thanked the president for his unannounced visit to the Oil Ministry on Sunday, calling it a morale booster for petroleum industry employees. He stated that during the 12-day war, the oil industry remained resilient and ensured uninterrupted fuel supply across the country.

Oil Ministry praised for key role in 12-day war effort

SHANA (Tehran) – President Masoud Pezeshkian made an unannounced visit to the Oil Ministry on Sunday, praising the round-the-clock efforts of oil industry workers during the 12-day war.

Pezeshkian lauds Oil Ministry’s crisis management during 12-day war

SHANA (Tehran) – President Masoud Pezeshkian made an unannounced visit to the Oil Ministry on Sunday where he met with Oil Minister Mohsen Paknejad and senior officials.

SP overhauling operations kept going during 12-day war

SHANA (Tehran) – The CEO of the South Pars Gas Complex described the overhaul process of the facility’s refineries, aimed at maintaining production stability, stating that the operations continued without interruption even during the challenging 12-day imposed war.

NIDC ready to expand regional role

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) announced a comprehensive plan to modernize its drilling fleet, localize equipment production, develop a national drilling engine, and repair and complete 150 oil wells by year’s end (March 20, 2026).