Shana

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

NIGC projects 25%–35% cut in consumption through energy service firms

SHANA (Tehran) – The CEO of the National Iranian Gas Company said the Oil Ministry is aggressively pursuing gas-efficiency measures in cooperation with energy service firms, projecting a 25% to 35% reduction in consumption at the end of the demand chain once the program is fully implemented.

Gas network holds steady at peak demand, NIGC says

SHANA (Tehran) – Iran’s national gas network remained stable despite record-high consumption in the household and commercial sectors, the head of the National Iranian Gas Company said, crediting employees’ efforts and efficient use by consumers.

ICOFC producing 240 mcm of gas daily

SHANA (Tehran) – Iranian Central Oil Fields Company is producing 240 million cubic meters of natural gas per day, with more than 2 million cubic meters coming from recovered flare gas, a company official said.

New record set for residential, commercial gas consumption

SHANA (Tehran) – Natural gas consumption in the residential, commercial and small industrial sectors hit an unprecedented record over the past 24 hours, reaching 737 million cubic meters per day.

Daily gas extraction from South Pars reaches 727 mcm

SHANA (Tehran) – The daily gas extraction from the shared South Pars gas field reached a record 727 million cubic meters, the CEO of the National Iranian Oil Company announced Wednesday.

Household use claims lion’s share of monthly gas output

SHANA (Tehran) – Natural gas consumption in the household, commercial and small industrial sectors totaled more than 16 billion cubic meters in Azar 1404 (November 22-December 21, 2025), accounting for a significant share of the country’s total gas production. Average daily consumption during the month stood at 545.8 million cubic meters.

Daily delivery of 58m liters of diesel

Power plant fuel reserves rise by 1b liters

SHANA (Tehran) – The country's usable liquid fuel reserves for power plants reached 3.4 billion liters on Jan. 19, marking an increase of more than 1 billion liters compared to the same date last year.

IGTC outlines winter preparedness plans

SHANA (Tehran) – The managing director of the Iranian Gas Transmission Company (IGTC) detailed the company’s winter preparations to ensure a safe and stable supply during peak consumption days in the winter of 2025-2026. He reported that approximately 207 billion cubic meters of gas were transferred to consumption centers in the first nine months of the current Iranian calendar year.

Private sector to process 12% of Iran’s crude

SHANA (Tehran) – With the implementation of skid-mounted equipment projects under a public-private partnership model, 12% of oil refining operations within National Iranian Oil Company will be done by the private and non-governmental sectors, said the investment and business development director of the National Iranian Oil Company (NIOC).