Shana

Diversify petrochemical feedstock, urges NPC chief

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to diversify the feedstock basket for petrochemical plants to ensure sustainable production as new projects come online.

SPGC leads in supporting domestic production: VP

SHANA (Tehran) – the vice president for science, technology, and knowledge-based economy announced that the South Pars Gas Complex (SPGC) has provided the most support for first-time production and new technology-based firms (NTBFs) within the Ministry of Oil in recent years.

Iran's gas industry development path: Since the victory of Islamic Revolution

SHANA (Tehran) – Since the victory of the Islamic Revolution, Iran has emerged as a global leader in natural gas production and distribution, with the gas industry playing a pivotal role in the country's energy supply, economic growth, and public welfare.

NPC head:

Petchem industry embodies oil sector's value chain

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) highlighted the leap in the petrochemical industry’s growth, aligned with the reduction of crude oil sales, as the most significant achievement in the oil industry’s value chain, stating that “The petrochemical industry embodies the oil industry’s value chain.”

OPEC: 58th Meeting of Joint Ministerial Monitoring Committee concluded

SHANA (Tehran) – The 58th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, February 3, 2025.

Long strides in oil industry: from exploration to production

SHANA (Tehran) – Following the Islamic Revolution, Iran's vast oil industry has achieved remarkable milestones by relying on domestic capabilities and indigenous expertise. Today, Iran's oil and gas sector stands as a symbol of self-sufficiency, independence, and national progress, with Iranian specialists and engineers making significant strides across various stages of the industry, from exploration to production.

From the perspective of managers:

Opportunities and challenges during 46 years of Iranian oil industry (Part Two)

SHANA (Tehran) – The development of South Pars and the oilfields of West Karoun, the capabilities of Iranian exploration and production companies, the factual nationalization of the oil industry, the fostering of self-reliance and independence, and more are among the most significant achievements of this industry over the 46 years since the Islamic Revolution in Iran.

President to producers:

Gov’t after facilitating production activities

SHANA (Tehran) – President Masoud Pezeshkian emphasized that producers and exporters should believe the government is a facilitator of their activities, not an obstacle.

Speaker of Parliament:

Solving energy issues does not mean making it more expensive

SHANA (Tehran) – Mohammad-Baqer Qalibaf, the Speaker of Iran’s Parliament, emphasized that solving the country’s energy issues does not mean making energy more expensive.

NIGC head stresses need for comprehensive energy plan

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) highlighted the importance of implementing a comprehensive energy plan, describing the development of South Pars and gas distribution as the most significant achievements of the oil industry over the past 46 years.

Iran’s gasoline reserves rise by 300m liters: NIORDC

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced the annual distribution of 100 billion liters of petroleum products, valued at over $55 billion, across the country.

NIORDC bent on reducing smuggling statistics

SHANA (Tehran) – Head of the National Iranian Oil Refining and Distribution Company (NIORDC) Mohammad-Sadeq Azimifar, stated that the company is focused on reducing smuggling statistics and improving fuel production and consumption management.

SP pressure boost project contracts worth $17b to be inked soon

SHANA (Tehran) – Reza Dehqan, the engineering and development manager of the National Iranian Oil Company (NIOC), announced that seven executive contracts for the South Pars pressure boost project, valued at $17 billion, are ready to be signed soon.

NIOC head:

Oil industry drives Iran’s economy amid turbulence, sanctions

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) highlighted the role of the oil industry in the country’s economy over recent decades, stating that for the past 46 years, the oil sector has been the driving force behind Iran’s economy and a lifeline for the Islamic Revolution during times of turmoil and sanctions.

NIGC commissioning nearly 4,000 gas projects

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) announced the commissioning of 3,984 gas supply and development projects in celebration of the Ten Days of Fajr and ahead of the anniversary of the Islamic Revolution.

Gas supply from South Pars refinery to national pipeline increases

SHANA (Tehran) – The manager of the first refinery of South Pars announced that gas delivery to the national pipeline from this facility has increased to 40 million cubic meters per day, thanks to innovative efforts by the refinery's specialists and staff.

From the perspective of managers:

Opportunities and challenges during 46 years of Iranian oil industry (Part One)

SHANA (Tehran) – The development of South Pars and the oilfields of West Karoun, the capabilities of Iranian exploration and production companies, the factual nationalization of the oil industry, the fostering of self-reliance and independence, and more are among the most significant achievements of this industry over the 46 years since the Islamic Revolution in Iran.

South Pars Refinery 7 on track to maximize production

SHANA (Tehran) – The manager of South Pars Refinery 7 announced that the facility has taken significant steps toward maximizing production, with output expected to increase substantially by the end of the current Iranian year (March 20).

Iran's oil industry: A story of resilience and progress

SHANA (Tehran) – The story of Iran's oil industry on the eve of the 46th anniversary of the Islamic Revolution must be told differently—not through official reports, but through the real, hard-fought efforts of men and women who, at the cost of their lives during years of war and sanctions, ensured that not a single day of Iran's oil production and exports was halted, even without the presence of foreign companies.

Record set for gas delivery to power plants in winter season

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) announced that on Wednesday, more than 130 million cubic meters (mcm) of gas were delivered to the power plant sector, marking an unprecedented volume for the winter season given the current temperatures.

NIDC reports 13% surge in specialized drilling services

SHANA (Tehran) – The technical deputy of the National Iranian Drilling Company (NIDC) announced that 1,238 specialized drilling operations were carried out from the beginning of the current Iranian year (started March 20, 2024) through the end of the 10th month (January 19), marking a 13% increase compared to the same period last year.

Over 180 bcm of gas transferred from Region 10 in nine months 

SHANA (Tehran) – More than 180 billion cubic meters (bcm) of gas were transferred from Region 10 of Gas Transmission Operations Zones through the national pipeline network in the first nine months of the current Iranian year (March 20-December 20, 2024). 

NIOC announces Iranian crude oil OSP for February

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in February. According to the company, Iran’s light crude oil will be priced approximately $2 above the benchmark price (Oman/Dubai crude) for Asian customers, reflecting a nearly 1% increase compared to the previous month.

NIDC conducts over 18 km of horizontal directional drilling in 10 months

SHANA (Tehran) – The head of the Special Operations Department of the National Iranian Drilling Company (NIDC) announced the completion of 18,483 meters of horizontal directional drilling (HDD) in both onshore and offshore areas of the country over the past 10 months (March 20, 2024-January 19, 2025).

More than 11,500 equipment items indigenized for South Pars refineries

SHANA (Tehran) – The commercial manager of the South Pars Gas Complex announced that, in collaboration with 120 domestic and new technology-based firms (NTBFs), over 11,500 essential equipment items and goods have been localized for the South Pars refineries.

SPGC:

165 bcm of gas injected from SP into national grid over 10 months

SHANA (Tehran) - The CEO of the South Pars Gas Complex (SPGC) announced that 165 billion cubic meters (bcm) of gas were injected into the national grid during the first 10 months of this year (March 20, 2024-January 19, 2025), marking a 2% increase compared to the same period last year.

Tehran Oil Refinery increases gasoline production

SHANA (Tehran) – The CEO of Tehran Oil Refining Company announced that, while adhering to quality standards, the company has added more than 1 million liters per day to its motor gasoline production output.

IGTC announces 2 bcm rise in gas transfer

SHANA (Tehran) – The CEO of Iranian Gas Transmission Company (IGTC) announced a 2 billion cubic meter (bcm) increase in gas transmission from the beginning of this Iranian year (March 20, 2024) compared to the same period last year.

Urmia Petrochemical Company to launch PAC plant

SHANA (Tehran) – The CEO of the Persian Gulf Petrochemical Complementary Industries Development and Investment Group (PGPDIG) announced that the Urmia Petrochemical Company's polyaluminum chloride (PAC) production project, set to become the largest such facility in the country, is nearing operational status.

Parliament speaker:

Optimizing consumption could save over $100b

SHANA (Tehran) - Parliament Speaker Mohammad-Baqer Qalibaf emphasized that raising energy prices is not the only solution to address energy imbalances,stating that the public must be involved in reducing energy consumption, and their benefits should be considered, allowing them to share in the resources.