Shana

Capital barriers eased to accelerate development of joint oil fields

SHANA (Tehran) – Oil Minister Mohsen Paknejad said plans are underway to speed up the development of Iran’s joint oil fields, noting that progress will accelerate once financing bottlenecks are resolved.

168% growth in vehicle conversion to natural gas systems

SHANA (Tehran) – The head of the National Iranian Oil Refining and Distribution Company (NIORDC) said the project to convert gasoline vehicles to dual-fuel systems has gained momentum after a two-year pause, reporting a 168% increase in conversions during the first seven months of this year compared with the same period last year.

Household gas consumption surpasses power plants as temperatures drop

SHANA (Tehran) – Data from the first week of Aban (October 25–31) show a shift in Iran’s gas consumption pattern as colder weather sets in, with household and commercial use surpassing that of power plants.

South Pars gas output rises by 25 mcm

SHANA (Tehran) – The CEO of Pars Oil and Gas Company announced that daily gas production from the South Pars joint field has reached 718 million cubic meters, marking a 25 million cubic meter increase over the past year. He added that output is expected to rise to 30 million cubic meters per day by the end of the year.

Digital transformation vital for gas industry

38% of gas allocated to power plants

SHANA (Tehran) – The managing director of the National Iranian Gas Company (NIGC) stressed the importance of digital transformation, saying 39% of the nation’s gas supply went to industries last year, 38% to power plants, and less than 20% to the residential sector.

Deputy minister: Digital transformation a long-term journey for NIGC

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has begun its digital transformation journey, a long-term process described as a global “megatrend,” according to the deputy oil minister for engineering, research and technology.

99.8% reliability of Fajr Jam Refinery in supplying Iran’s gas

SHANA (Tehran) - The CEO of Fajr Jam Gas Refining Company, outlining the refinery’s strategic approach to overcoming the upcoming winter, said: “Fajr Jam’s main focus is not on increasing production, but on strengthening resilience, production stability, and maintaining reliability.” This key indicator—recorded at 99.8% performance—has made the refinery one of the most influential centers for sustaining the country’s energy flow.

Motorcycles consume over 11.1 trillion rials in gasoline in six months

SHANA (Tehran) – Motorcycles in Iran consumed an estimated 660.5 million liters of gasoline, worth about 1.113 trillion tomans, during the first half of the current Iranian year, according to data from the National Iranian Oil Products Distribution Company (NIOPDC).

MPs praise Oil Ministry’s success in gas flare collection

SHANA (Tehran) – Several members of Iran’s Parliament have praised the Oil Ministry’s efforts to curb gas flaring, saying the 14th administration has taken effective steps to reduce the waste of this national asset.

Acceleration in gas flare recovery with 12 new contracts signed

SHANA (Tehran) – Oil Minister Mohsen Paknejad announced that gas flare recovery projects have accelerated following the president’s efforts, saying the signing of 12 new contracts will generate about $600 million in annual value for the country.

Iran to cut gas flaring by 295 mcf a day by March 2027

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad said the country will gradually reduce gas flaring by about 295 million cubic feet per day (mcf/d) by the end of the Iranian calendar year 1405 (March 2027), following the signing of 12 new contracts on Saturday.

Iran to capture 90% of gas flares by mid-March 2028

SHANA (Tehran) – The National Iranian Oil Company (NIOC) aims to collect more than 90% of the country’s gas flares by mid-March 2028 through major investment and private-sector participation, the company’s chief executive said Saturday.

President praises Oil Ministry for speeding up gas flare recovery

SHANA (Tehran) – President Masoud Pezeshkian praised the Oil Ministry on Saturday for accelerating the collection of flare gas and said the government is ready to remove any obstacles that may hinder the process.

Flare gas collection contracts signed under president’s order

SHANA (Tehran) – Contracts for collecting flare gas from 12 oil fields in southern Iran were signed Saturday via video conference under the directive of President Masoud Pezeshkian.

Minister Paknejad:

Human resolve, commitment are the strongest shields against threats

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized the critical role of human resolve and commitment in safeguarding Iran’s oil, gas, and petrochemical industries, saying that hardware alone does not ensure resilience against threats.

Shazand Refinery undergoes unprecedented overhaul after 10 years, boosts output by 30%

SHANA (Tehran) – The Imam Khomeini Oil Refinery in Shazand has completed its most extensive overhaul in a decade, a $60 million project involving 5,000 specialized workers that increased production capacity by at least 30% and significantly improved operational reliability. The work ensures high-quality production for at least the next four years without interruption, refinery officials said.

Rise in household gas use narrows gap with power plants

SHANA (Tehran) – Average gas consumption in the household, commercial and small industrial sectors increased significantly in the week ending October 24 as temperatures dropped, bringing their total consumption nearly equal to that of power plants. In the final three days of the week, household consumption surpassed that of power plants.

Iran boosts gas supply by 6.7 mcm daily, diesel stocks up 130% for winter

SHANA (Tehran) — Oil Minister Mohsen Paknejad said gas delivery to the network has increased by about 6.7 million cubic meters per day and diesel reserves at power plants have risen 130%, putting Iran in a strong position heading into winter.

Oil industry lauded for resilience during 12-day war

Passive defense urged to be institutionalized

SHANA (Tehran) — The deputy oil minister for engineering, research and technology praised Iran’s oil industry for its flawless performance during the recent 12-day war, saying that unified command, proactive drills and production resilience were key to the sector’s success in passing what he called “a major national test.”

NIGC:

Gas network stability a top priority amid sensitive conditions

SHANA (Tehran) – The managing director of the National Iranian Gas Company emphasized the importance of protecting and maintaining the stability of the country’s gas network, saying that infrastructure resilience and social stability are two key elements of passive defense.

Minister: Oil industry leads Iran’s economic resilience

SHANA (Tehran) – Oil Minister Mohsen Paknejad said the oil industry is the main pillar of Iran’s economic resilience and plays a leading role in overcoming the country’s challenges.

Power plant fuel tanks full; gasoline consumption up 6.5% in October

SHANA (Tehran) – The managing director of the National Iranian Oil Products Distribution Company said power plant fuel tanks across the country are full, leaving little capacity for additional storage.

Limited time to tap Iran’s oil resources

SHANA (Tehran) – The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.

Parliament speaker:

Economic reform impossible without energy reform

SHANA (Tehran) — Iran’s Parliament Speaker Mohammad-Baqer Qalibaf said Monday that economic reforms cannot succeed without first implementing energy reforms, stressing that while prices must reflect real costs, raising them without a comprehensive plan would be misguided.

NIGC calls for removal of legal barriers to gas investment

SHANA (Tehran) – The managing director of the National Iranian Gas Company (NIGC) called for the removal of legal barriers to investment in the gas industry, saying the company’s investment portfolio includes a set of development and improvement projects that, if implemented in a coordinated manner, can help achieve national goals in energy efficiency and sustainable development.

Only 15% of Iran’s petchem investments come from genuine private sector players

SHANA (Tehran) – The National Petrochemical Company’s managing director said the industry is focusing on attracting investment from genuine private sector players, noting that only about 15% of the $92 billion invested in Iran’s petrochemical sector so far has come from real private investors.

Gas tariff reform focuses on fairness; about 90% of consumers unaffected

SHANA (Tehran) – The managing director of the National Iranian Gas Company said the gas tariff reform plan does not mean a price increase, noting that more than 88% to 90% of the country’s population will not be affected by the changes.

Power plant diesel reserves grow with 7-m-liter boost

SHANA (Tehran) – The head of the National Iranian Oil Products Refining and Distribution Company said simultaneous efforts to boost production and manage consumption have increased diesel output by 7 million liters, leading to higher fuel reserves for power plants.

Gas industry needs $42b in investment

SHANA (Tehran) – Iran’s gas industry will require about $42 billion in investment by the end of the Seventh Development Plan, a senior official said, emphasizing that the sector seeks not only financial input but also innovation, management expertise, and stronger international connections.

NIGC prepares investment packages for private sector

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has developed investment packages aimed at encouraging private-sector participation in the gas industry, the company’s managing director said, emphasizing that in the country’s current economic situation, investment is not optional but an unavoidable necessity.