Shana

NPC: Special contracts defined for downstream industry development

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the development of the value chain as a key priority for the petrochemical industry in the Seventh Development Plan and the 14th administration’s agenda. He noted that special contracts have been established to expand downstream industries.

SPGC launches comprehensive projects to reduce emissions

SHANA (Tehran) – The engineering manager of South Pars Gas Complex (SPGC) announced the start of comprehensive projects aimed at increasing production, reducing emissions, and improving infrastructure to ensure sustainable operations and enhance refinery and equipment performance.

Comprehensive production roadmap drafted at NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the continuation of increasing oil production through the end of the year, stating that due to measures taken, subsidiaries have had access to a comprehensive annual production roadmap since the beginning of the year.

SP’s Refinery 12 plans for sustainable production

SHANA (Tehran) – The manager of the 12th refinery at South Pars Gas Complex announced targeted plans to increase production capacity, improve product quality, reduce pollutants, and enhance equipment reliability.

Government-Parliament cooperation key to resolving energy imbalance

SHANA (Tehran) – The head of the Institute for International Energy Studies emphasized the need for cooperation between the government and Parliament to achieve the strategic goals of the Seventh Development Plan in addressing the country’s energy imbalance.

Flare gas recovery projects on track for completion

SHANA (Tehran) – The director of oil and gas production supervision at the National Iranian Oil Company (NIOC) reported significant progress in flare gas recovery projects, stating that the company is legally required to collect and inject a major portion of associated petroleum gases into the national grid or downstream industries by the end of the Seventh Development Plan.

NISOC emphasizes efficiency in oil field repairs, logistics

SHANA (Tehran) – The CEO of the National Iranian South Oil Co. (NISOC) emphasized the need to speed up overhauls and secure necessary supplies for the oil industry during a visit to key projects at the Gachsaran Oil and Gas Operating Co.

University centers play key role in petchem industry development

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of strong, ongoing collaboration between industry and academia, stating that this partnership facilitates the petrochemical industry’s development by leveraging global knowledge and technology.

Iran’s oil industry must tap reserves to turn potential into power

SHANA (Tehran) – A senior oil expert stated that "power in the oil market originates at the wellhead," emphasizing that vast hydrocarbon reserves hold no operational economic value until they are extracted and utilized.

Revive exploration council to secure Iran’s oil future, says former NIOC director

SHANA (Tehran) – Saleh Hendi, former exploration director of the National Iranian Oil Company (NIOC), emphasized the strategic role of exploration in the future of the oil industry and called for the revival of the Supreme Exploration Council and greater attention to this sector by senior managers. He stated, "Exploration workers are the unsung pioneers of the oil industry."

Changouleh Oil Field Development Plan approved by Economic Council

SHANA (Tehran) – The development and operation plan for the Changouleh oil field in Ilam Province was reviewed and approved during a meeting of the Economic Council.

Advancing oil exploration with cutting-edge tech, private sector partnerships

SHANA (Tehran) – The deputy oil minister announced that Iran is ahead of its planned exploration targets, expressing hope that new technologies will help discover additional oil fields—even smaller ones—while facilitating private sector involvement through IPC contracts or other models.

Iranian AI for global oil industry

SHANA (Tehran) – Pasargad Energy Development Company (PEDC) has leveraged artificial intelligence to launch a localized platform for integrated well, reservoir, and surface facility management, as well as the oil industry’s first upstream AI assistant (UIA) based on large language models (LLMs). These innovations have significantly reduced search times and streamlined experts’ access to technical knowledge.

Iran’s oil industry: From Masjed Soleyman to new exploration frontiers

SHANA (Tehran) – The former exploration director of the National Iranian Oil Company (NIOC) described the 1908 oil discovery in Masjed Soleyman as a turning point in Iran’s modern history.

NIDC drills, completes 20 onshore oil, gas wells

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) announced the drilling and completion of 20 onshore oil and gas wells in the first two months of this year (March 21-May 21) using the company’s rigs.

South Pars gas compression project: Ensuring Iran’s energy security

SHANA (Tehran) – The executive of the South Pars gas compression project emphasized the need for general contractors to set clear operational milestones, calling the project vital for sustaining production and safeguarding the country’s economic interests and strategic energy security in the coming years.

Iran’s high potential for discovering new oil, gas reserves

SHANA (Tehran) – The former exploration director of the National Iranian Oil Company (NIOC) said the process of discovering oil and gas is becoming increasingly difficult, as large, low-risk reserves have already been identified, leaving current exploration operations with higher risks. However, Iran still holds significant potential for discovering new oil and gas resources.

Agreement signed to produce biofuel-based gasoline

SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) and the Industrial Development and Renovation Organization of Iran (IDRO) signed an agreement to produce and supply biofuel-based gasoline (bioethanol).

NIOC emphasis on accelerating offshore oil projects

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stressed the need to expedite the implementation of projects by the Iranian Offshore Oil Company (IOOC) in the Persian Gulf.

Synergy between oil, industry ministries to address energy imbalance

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced that a memorandum of understanding on adding bioethanol to the fuel portfolio was signed last February, with the executive agreement officially taking effect today at Abadan Refinery.

Finding Nemo, IEA discovers its ‘missing barrels’

SHANA (Tehran) - The International Energy Agency (IEA) has again found its ‘missing barrels’. Although the term should be viewed as a misnomer. Barrels are never actually missing; it is just that global demand for oil is being materially under-counted. 

Digital transformation to enhance safety in petchem industry

SHANA (Tehran) – The head of safety and firefighting at National Petrochemical Company announced that digital transformation and artificial intelligence strategies will be added to future safety and firefighting programs in the petrochemical industry.

70% of Isfahan Refinery’s products meet Euro 5 standards

SHANA (Tehran) –The CEO of Isfahan Refinery emphasized that more than 70% of the refinery’s products have been upgraded to meet Euro standards, stating that the facility produces about 15 million liters of Euro 5 gasoline and 25 million liters of diesel daily.

Overhaul of South Pars Gas Refinery 7 relies on domestic expertise

SHANA (Tehran) – The manager of the seventh refinery at South Pars Gas Complex announced the start of the 2025 major overhaul operations, aimed at maintaining gas production stability and improving product quality, beginning May 22.

Gas infrastructure expansion to double storage capacity

SHANA (Tehran) – The caretaker of Iranian Gas Engineering and Development Company announced progress on strategic projects in gas storage, transmission, measurement, and optimization, stating that the country’s gas storage capacity will more than double with the launch of expansion projects in Sarajeh and Shourijeh.

Deputy minister:

Gov’t, investors work to resolve financial challenges in projects

SHANA (Tehran) – The deputy planning minister of petroleum emphasized the importance of collaboration between the government and investors to address financial challenges in projects, stating: "One-sided concessions are not feasible under current conditions, and full cooperation from both sides is essential to overcome obstacles."

NPC calls for balanced petchem development, warning against short-term fixes

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need to revise the development model of the petrochemical industry, stating that a more comprehensive approach is required to fully integrate the value chain and prevent resource wastage—one that ensures balance across the chain and avoids decisions influenced by short-term considerations.

Improved productivity, reduced imbalance through energy optimization

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) emphasized that energy optimization is not just an environmental and global necessity but has also become a multidimensional concept in production processes and facilities by increasing economic benefits and reducing imbalances.

Parliament backs easier investment in oil, energy

SHANA (Tehran) – A member of the Parliament’s Energy Committee emphasized the committee’s support for attracting investment in the oil and gas sector, stating that the legislature is focused on passing laws and regulations to facilitate domestic and foreign investment in the energy sector.

Iran Ready for Gas Cooperation with Turkmenistan, Region

SHANA (Tehran) – President Masoud Pezeshkian said Tuesday that Iran is not only interested in importing gas from Turkmenistan but also has the capacity and capability to export and swap gas to regional countries.