Shana

Deputy oil minister stresses need to institutionalize AI in petrochemical industry

Hassan Abbaszadeh made the remarks on Saturday during a ceremony to sign a cooperation agreement for the development of an AI assistant for the petrochemical industry.

Petrochemical sector enjoys high potential in leveraging AI: VP

SHANA (Tehran) – The Vice President for Science, Technology, and Knowledge-Based Economy stated that the petrochemical industry, given its activities and favorable capacities, can achieve significant milestones in the use of artificial intelligence (AI).

Tripartite agreement signed to develop AI in petchem industry

SHANA (Tehran) – A cooperation agreement to develop an artificial intelligence assistant for the petrochemical industry was signed on Saturday among Hossein Afshin, vice president for science, technology, and knowledge-based economy; Hassan Abbaszadeh, CEO of the National Petrochemical Company; and Abbas Mousavi, President of Sharif University of Technology.

Oil production to increase by 10,000 bpd with development of three oilfields

SHANA (Tehran) – The development plan for three oilfields namely Soumar, Saman, and Delavaran in western Iran officially began on Saturday in the attendance of the CEO of the National Iranian Oil Company (NIOC).

Wastewater treatment project begins at Persian Gulf Bidboland Gas Refining Company

SHANA (Tehran) – The wastewater recovery package project at the Persian Gulf Bidboland Gas Refining Company, with a capacity of 1 million liters per day, has been commissioned.

Oil minister:

Crude production projected to reach 4.6 mbd by 2028

SHANA (Tehran) – The oil minister stated that, according to the Seventh Development Plan (2024-28), Iran’s crude oil production is expected to reach approximately 4.6 million barrels per day (mbd) by 2028, with the southern oil-rich regions bearing the primary responsibility for this increase.

Paknejad details two-day visit to Khuzestan Province:

Oil minister bent on addressing challenges faced by Khuzestan

SHANA (Tehran) –Oil Minister Mohsen Paknejad outlined the specifics of his two-day trip to Khuzestan Province, emphasizing his commitment to addressing the challenges faced by the local population.

Domestically-built drilling rig commissioned with oil minister in attendance

SHANA (Tehran) – The third drilling rig constructed by Academic Center for Education, Culture and Research, named Fat'h 73, was officially commissioned in a ceremony attended by the oil minister.

NIOC head calls work in Khuzestan’s heat a national endeavor

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the importance of serving the people of Khuzestan and the company’s commitment to job creation and fulfilling social responsibilities in the region, stating, “Working in the hot regions of Khuzestan is a great endeavor.”

NPC announces $30b petrochemical investment in Mahshahr Region

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced an $80 billion investment in the petrochemical industry, stating that $30 billion of it has been allocated to the Mahshahr region.

Deputy oil minister praises Kharg Oil Terminal staff as guardians of oil exports

SHANA (Tehran) – The deputy oil minister for international affairs and commerce praised the efforts of Kharg Oil Terminal employees, stating, “You are the guardians of the country’s oil exports in the heart of the Persian Gulf, playing a vital role in achieving national and economic goals.”

President:

Inherited energy imbalances will be resolved

SHANA (Tehran) – President Masoud Pezeshkian stated that his administration did not create the imbalances in gas and electricity but inherited them, vowing to address the issues through collective efforts.

Paknejad:

Domestic manufacturers account for 85% of oil industry’s largest desalination facility

SHANA (Tehran) – Oil Minister Mohsen Paknejad announced that domestic manufacturers contributed 85% of the equipment for the oil industry’s largest desalination facility.

Phase 2 of Ahvaz crude desalination plant inaugurated

SHANA (Tehran) – Phase 2 of the Ahvaz Central Desalination Unit was officially inaugurated on Wednesday under the directive of President Masoud Pezeshkian and in the presence of Oil Minister Mohsen Paknejad during the president’s visit to Khuzestan Province.

Jacket for Belal Gas Field development project loaded out

SHANA (Tehran) – The jacket for the Belal Gas Field development project, constructed with a $16 million investment, was loaded out Wednesday from the Sadra Yard in Bushehr.

President:

Iran, Azerbaijan to become strategic partners through continued cooperation

SHANA (Tehran) – President Masoud Pezeshkian emphasized that the continuation and strengthening of cooperation between Iran and Azerbaijan will transform the two nations into strategic partners.

Leader adores private sector as vital for Iran’s progress

SHANA (Tehran) – Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei highlighted that the only way to advance the country is by leveraging the capabilities of the private sector.

Tehran, Baku to continue oil, gas cooperation

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad emphasized the continuation of energy cooperation between Iran and Azerbaijan during a meeting with the Azerbaijani Prime Minister’s deputy on Tuesday.

Paknejad to travels to beating heart of Iran’s oil industry

SHANA (Tehran) – The oil minister will accompany the president on a two-day trip to Khuzestan Province, where he will attend development and managerial meetings related to the oil and gas industry.

Nearly 80 Oil, gas wells completed in Iran over 10 months: NIDC

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) for drilling operations announced that 79 oil and gas wells have been drilled and completed across onshore and offshore areas of the country over the past 10 months, thanks to the efforts of the company’s drilling teams.

President: Addressing imbalances requires adjusting consumption patterns

SHANA (Tehran) – President Masoud Pezeshkian stated that imbalances in water, electricity, fuel, finances, and the environment cannot be resolved without reforming consumption patterns.

NIGC says new plans ready to boost gas production

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) announced new initiatives in the energy sector aimed at increasing gas production, stating that unprecedented daily gas transmission records were achieved this year due to a series of measures implemented to boost output.

President: Mini refineries key to combating fuel smuggling, sanctions

SHANA (Tehran) – President Masoud Pezeshkian said Sunday that one way to boost economic development in southern ports is to issue licenses for small-scale refineries, adding that he has ordered streamlined processes to facilitate their establishment.

POGC:

Gas production increases at South Pars Phase 13

SHANA (Tehran) – The deputy of development projects at Pars Oil and Gas Company (POGC) announced that gas production capacity at South Pars Phase 13 has increased by 1.7 million cubic meters (mcm) per day following the completion of one of its gas wells.

Exploration activities resume in offshore sector after five-year hiatus

SHANA (Tehran) – The head of exploration at the National Iranian Oil Company (NIOC) announced that exploration drilling in offshore areas will resume after a five-year pause, marking the first such activity under the 14th administration.

VP: Hidden energy subsidies fuel smuggling of energy resources

SHANA (Tehran) – The parliamentary deputy to the president stated that hidden energy subsidies in the country amount to a significant sum and are one of the reasons behind the smuggling of energy resources.

Abadan Refinery to increase gasoline production

SHANA (Tehran) –The CEO of Abadan Refinery announced that the facility’s daily gasoline production will increase by 8 to 10 million liters as operational conditions stabilize.

Paknejad:

Iran’s oil sector offers great investment opportunities for Russians

SHANA (Tehran) – Iran’s oil industry is a treasure trove of investment opportunities, Oil Minister Mohsen Paknejad said Friday, adding that favorable conditions exist for Russian companies to invest in the sector.

Oil minister to accompany president on Russia visit 

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad will join the president on a trip to Moscow for strategic talks with senior Russian officials, aimed at expanding bilateral cooperation in various fields, including energy.

IOTC:

Iran’s crude exports unstoppable

SHANA (Tehran) – The CEO of Iranian Oil Terminals Company (IOTC) stated that oil exports, as the cornerstone of economic development, continue uninterrupted thanks to the dedicated efforts of employees across all operational regions.