Shana

Petchem industry from 1964 to 2025: A clear path of development

SHANA (Tehran) – Coinciding with the eighth of Dey (December 29), National Petrochemical Industry Day, the CEO of the National Petrochemical Company reviewed the 61-year history of the industry and examined its key milestones across three phases—“the beginning,” “the period of maturity,” and “the current stage.” He said that, fortunately, a roadmap for the petrochemical industry has been prepared through the end of the Eighth Development Plan and even for a 25-year horizon beyond that.

Oil market shifts from fear to fundamentals as geopolitical shocks fade

SHANA (Tehran) – A former Iranian representative to OPEC’s Board of Governors says the global oil market has largely moved away from fear-driven pricing and is now valuing crude based on fundamentals such as supply, demand, inventory levels and spare production capacity, as the impact of geopolitical shocks continues to fade.

South Pars daily gas output hits 723 mcm

SHANA (Tehran) – The CEO of Pars Oil and Gas Company said daily production from the South Pars gas field has reached 723 million cubic meters, praising round-the-clock efforts by the company’s headquarters and operational staff.

Petrochemical firms return 98% of forex to economy

SHANA (Tehran) – Iran has recovered more than 98% of foreign currency earnings from petrochemical companies, the deputy oil minister for petrochemical affairs said, noting an improvement from last year.

Petchem projects under Seventh Development Plan about 60% complete

SHANA (Tehran) – The head of the National Petrochemical Company (NPC) said petrochemical projects under Iran’s Seventh Development Plan are about 60% complete and that all targets set for the plan’s first year were fully achieved in 1403.

Pezeshkian: Controlling gas flaring is a priority

SHANA (Tehran) – President Masoud Pezeshkian said that controlling gas flaring is a priority.

Household gas consumption tops 4.5 bcm in one week

SHANA (Tehran) – Gas consumption in the household, commercial and small industrial sectors exceeded 4.552 billion cubic meters from Dec. 20 to Dec. 26, 2025, as cold weather persisted, according to data from the National Iranian Gas Company.

Oil sale proceeds deposits overseen by CBI, minister says

SHANA (Tehran) – Oil minister said the mechanism for depositing proceeds from oil sales is overseen, monitored and controlled by the Central Bank of Iran, stressing that the Oil Ministry has no role in banking operations related to those funds.

Oil market more resilient than before; no sharp price surge expected in 2026

SHANA (Tehran) – An energy analyst says global oil prices are unlikely to rise sharply in 2026, citing greater market resilience and the absence of major geopolitical or economic shocks.

New South Azadegan CTEP boosts crude output

SHANA (Tehran) – The spokesman for Parliament’s Energy Committee said the launch of the second train of the Central Processing and Export Terminal (CTEP) at the South Azadegan joint oil field is a key step toward offsetting production shortfalls, increasing oil output and countering sanctions under current conditions.

Record overhaul maintenance achieved in NISOC

SHANA (Tehran) – The head of Industrial Equipment and Process Machinery Maintenance at the National Iranian South Oilfields Company said proactive planning, localization of strategic parts and round-the-clock efforts by operational teams led to the completion of more than 63% of the company’s annual major overhaul program in 1404, an unprecedented achievement that has strengthened production stability, reduced flaring and supported environmental protection.

Oil sales volume remains strong, minister says

SHANA (Tehran) – Iran’s oil sales volume remains strong and continues at previous levels, Oil Minister Mohsen Paknejad said on Thursday.

President praises Oil Ministry’s efforts

SHANA (Tehran) – President Masoud Pezeshkian on Thursday praised the Oil Ministry and its engineers and specialists for bringing the second train of the Central Processing and Export Terminal (CTEP) at the South Azadegan joint oil field online in record time.

New processing unit speeds oil treatment at South Azadegan Field

SHANA (Tehran) – The head of the National Iranian Oil Company said the start-up of a new processing train at the shared South Azadegan oil field will strengthen infrastructure, speed crude oil processing and support balanced development of shared fields.

Second Azadegan processing train boosts output, stabilizes production in West Karoun

SHANA (Tehran) — Iran’s oil minister said the launch of the second processing train at the South Azadegan central processing facility will play a key role in increasing output, capturing associated gas and stabilizing sustainable production in the West Karoun region.

President orders launch of second processing train at South Azadegan field

SHANA (Tehran) – The second processing train at the central processing unit of the shared South Azadegan oil field was inaugurated Thursday by order of President Masoud Pezeshkian via videoconference, boosting the field’s crude oil processing capacity to 160,000 barrels per day.

Paknejad says oil sale discounts have declined

SHANA (Tehran) – Iran’s oil minister said discounts offered on Iranian crude sales have steadily declined over the past year, while early data from a new gasoline policy show lower fuel consumption, though he cautioned against drawing short-term conclusions.

Gas sales to petrochemicals fund major share of subsidy program

SHANA (Tehran) – A senior oil official said a substantial portion of the country’s targeted subsidy funding is generated from natural gas sales to industry—particularly petrochemical producers—underscoring the sector’s role in financing public welfare programs.

Research spending soars 11-fold as dozens of projects advance in NISOC

SHANA (Tehran) – The head of research and technology at the National Iranian South Oilfields Company (NISOC) said dozens of projects are underway across research, first-of-its-kind production, graduate studies and artificial intelligence, with research funding rising more than elevenfold over the past five years.

PDA rolled out for oil industry

SHANA (Tehran) – Iran’s oil minister issued a standardized Innovative Product Development Agreement, known as the PDA, to support the use of advanced products and expand domestic manufacturing by new technology-based firms (NTBFs) across the oil industry.

Focus on cost cuts and higher output

Research tops NIOC agenda

SHANA (Tehran) – The head of the National Iranian Oil Company said research is a top priority for the company, citing the allocation of 4% of operating expenditures to research activities, a focus on innovative studies and efforts to improve drilling rig efficiency as key pillars for boosting production and creating economic value.

RIPI should lead oil sector’s technology efforts

SHANA (Tehran) – Iran’s deputy oil minister for engineering, research and technology said the Research Institute of Petroleum Industry should become the central hub for technological activities in the oil sector, playing a stronger role in meeting the country’s technology needs through active participation by researchers.

RIPI ready to help meet Oil Ministry goals under Seventh Development Plan

SHANA (Tehran) – The head of the Research Institute of Petroleum Industry said the institute is prepared to play a key role in meeting the Ministry of Petroleum’s commitments under Iran’s Seventh Development Plan by linking research to technology and production.

Half of required petchem investment secured under Seventh Development Plan

SHANA (Tehran) – The head of the National Petrochemical Industries Company said about half of the investment needed for petrochemical projects under Iran’s Seventh Development Plan has been secured, underscoring the strategic importance of the value-creating industry.

Petchem firms invest to manage gas use, secure stable feedstock

SHANA (Tehran) – The head of the National Petrochemical Industries Company said petrochemical companies are focusing on cutting natural gas consumption in three northern provinces, a move expected to reduce usage by about 2 million cubic meters per day during the months-long program and help ensure a stable supply of feedstock.

Petrochemical sector targets 260 mcm cut in gas use

SHANA (Tehran) – The National Petrochemical Industries Company has set a target to cut natural gas consumption in Iran’s petrochemical sector by 260 million cubic meters, its energy optimization director said, stressing the effort is aimed at preventing waste rather than reducing public welfare.

Paknejad urges faster implementation of Article 15

Oil Ministry pledges commitment to Seventh Development Plan

SHANA (Tehran) – Iran’s oil minister said the Ministry of Petroleum will remain committed to meeting its targets through the end of the 14th administration and stressed the need to accelerate implementation of Clause (B) of Article 15 of the Seventh Five-Year Development Plan.

Household gas consumption nears 4.3 bcm in fourth week of Azar

SHANA (Tehran) – Gas consumption in the household, commercial and small industries sectors reached about 4.3 billion cubic meters in the fourth week of Azar, as colder weather and continued use of heating appliances sustained high demand on the country’s gas network during the cold season.

A one-way journey: Captivity of Martyr Tondguyan as told by his deputy

SHANA (Tehran) – Amid the fire and chaos at the outbreak of the imposed war, when Abadan was under heavy bombardment, Iran’s oil minister chose to remain alongside workers and operational forces—a decision that led to years of captivity and, ultimately, his lonely martyrdom. This account is told by the deputy of Martyr Mohammad-Javad Tondguyan at the Ministry of Oil, the man who stood beside him on that very day and at that very moment: Behrouz Boushehri.

Iran inks $262m in first-of-its-kind oil industry production contracts

SHANA (Tehran) – Iran signed $262 million worth of first-of-its-kind production contracts in the oil industry, a deputy oil minister said, adding that full implementation is expected to save the country more than $2 billion in foreign currency.