Shana

Gas deliveries to power plants up 3.1 bcm

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has supplied more than 3.1 billion cubic meters of additional gas to power plants since the beginning of the current Iranian year (March 21), compared with the same period last year, signaling stable production and effective use of existing capacity, the company’s managing director said.

Monthly gasoline consumption up 8m liters

SHANA (Tehran) – Iran’s average daily gasoline consumption in the Iranian calendar month Mehr (September 23-October 22) rose by about 8 million liters compared with the same month last year, reaching nearly 134 million liters per day.

Limited time to tap Iran’s oil resources

SHANA (Tehran) – The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.

Parliament speaker:

Economic reform impossible without energy reform

SHANA (Tehran) — Iran’s Parliament Speaker Mohammad-Baqer Qalibaf said Monday that economic reforms cannot succeed without first implementing energy reforms, stressing that while prices must reflect real costs, raising them without a comprehensive plan would be misguided.

MP: Mindset shift essential for sustainable oil financing

SHANA (Tehran) – The head of the Iranian Parliament’s Economic Committee stressed the need for institutional and economic reform, saying that without changing financial structures and mindsets, achieving sustainable financing in the oil and gas industry will not be possible.

Universities key to strengthening investment, innovation in Iran’s energy sector

SHANA (Tehran) – The president of Allameh Tabataba’i University said that investing in the oil, gas, and petrochemical sectors is not merely an economic act but a commitment to the nation’s long-term development.

NIGC calls for removal of legal barriers to gas investment

SHANA (Tehran) – The managing director of the National Iranian Gas Company (NIGC) called for the removal of legal barriers to investment in the gas industry, saying the company’s investment portfolio includes a set of development and improvement projects that, if implemented in a coordinated manner, can help achieve national goals in energy efficiency and sustainable development.

Only 15% of Iran’s petchem investments come from genuine private sector players

SHANA (Tehran) – The National Petrochemical Company’s managing director said the industry is focusing on attracting investment from genuine private sector players, noting that only about 15% of the $92 billion invested in Iran’s petrochemical sector so far has come from real private investors.

Parliament endorses Oil Ministry's successful winter fuel supply performance

SHANA (Tehran) – A member of parliament's Energy Commission stated that power plant fuel reserves for winter are in a more favorable position compared to last year, emphasizing that the high level of these reserves indicates the Oil Ministry's successful performance.

Gas tariff reform focuses on fairness; about 90% of consumers unaffected

SHANA (Tehran) – The managing director of the National Iranian Gas Company said the gas tariff reform plan does not mean a price increase, noting that more than 88% to 90% of the country’s population will not be affected by the changes.

First well in Yadavaran Production Boost Plan comes online

SHANA (Tehran) – The director of the Yadavaran oil field development project announced that the first well under the 24-well Yadavaran Production Increase Plan has come on stream.

Fajr Jam Gas Refinery cuts gas flaring by 71%

SHANA (Tehran) – The acting head of Fajr Jam Gas Refining Company said the volume of gas sent to flares has dropped by more than 71% since the Iranian year 1398 (2019), helping to reduce greenhouse gas emissions.

Hasheminejad Gas Refinery processes 6 bcm in six months

SHANA (Tehran) – The managing director of Hasheminejad Gas Refinery announced that the facility processed more than 6 billion cubic meters of natural gas during the first six months of this year.

Power plant diesel reserves grow with 7-m-liter boost

SHANA (Tehran) – The head of the National Iranian Oil Products Refining and Distribution Company said simultaneous efforts to boost production and manage consumption have increased diesel output by 7 million liters, leading to higher fuel reserves for power plants.

Gas industry needs $42b in investment

SHANA (Tehran) – Iran’s gas industry will require about $42 billion in investment by the end of the Seventh Development Plan, a senior official said, emphasizing that the sector seeks not only financial input but also innovation, management expertise, and stronger international connections.

NIGC prepares investment packages for private sector

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has developed investment packages aimed at encouraging private-sector participation in the gas industry, the company’s managing director said, emphasizing that in the country’s current economic situation, investment is not optional but an unavoidable necessity.

South Pars Platforms at full swing of production after overhaul

SHANA (Tehran) – The deputy director of operations and support at Pars Oil and Gas Company announced the successful completion of major overhauls on offshore platforms in the shared South Pars field, saying all platforms have now returned to production.

Renewables development seen as solution to energy imbalance

SHANA (Tehran) – Renewable energy development is one of the most effective ways to address the country’s energy imbalance, a member of the Iranian Parliament’s Industries and Mines Committee said.

Iran upgrades fuel card database after 18 years

SHANA (Tehran) – The database of Iran’s national fuel smart card system has been updated for the first time in 18 years, a move officials say has helped detect hundreds of thousands of unauthorized cards and prevent large-scale fuel misuse.

Inside Iran’s record gas transmission push

SHANA (Tehran) – The record-breaking performance and resilience of Iran’s gas transmission network in harsh conditions demonstrate how its pipelines and compressor stations continue operating even amid freezing weather and security threats.

Iran controls 11 mcm of flare gas under 14th administration

SHANA (Tehran) – President Masoud Pezeshkian said Iran has managed to capture more than 11 million cubic meters of flare gas in recent months, calling it evidence that reforms in the country’s energy management are underway. He added that controlling flare gases could generate between $5 billion and $6 billion in annual revenue for the nation.

Statement of the 27th GECF Ministerial Meeting

SHANA (Doha) – In the spirit of solidarity and cooperation, the Ministers of the Member Countries of the Gas Exporting Countries Forum (GECF), convened on October 23, 2025 in Doha, State of Qatar, for the 27th GECF Ministerial Meeting, at the gracious invitation of His Excellency Eng. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs of the State of Qatar, and under the Presidency of His Excellency Dr Khalifa Rajab Abdulsadek, Minister of Oil and Gas of the State of Libya, President of the 27th GECF Ministerial Meeting for the year 2025.

Nigeria’s Philip Mshelbila elected as new secretary general of GECF

SHANA (Doha) – On October 23, 2025, during the 27th Ministerial Meeting held in Doha, Qatar, members of the Gas Exporting Countries Forum (GECF) elected Philip Mshelbila as their fifth Secretary General.

Iran elected to head GECF Executive Board, pushes for forum upgrade

SHANA (Doha) – Iran’s oil minister announced that the country has been elected chair of the Executive Board of the Gas Exporting Countries Forum (GECF) and that Tehran’s proposal to upgrade the forum into the “Organization of Gas Exporting Countries” was well received by member states.

Highlighting stronger GECF unity,

Paknejad calls for 'transformation into 'Organization of Gas Exporting Countries'

SHANA (Tehran) – Minister of Oil Mohsen Paknejad called on member states of the Gas Exporting Countries Forum (GECF) to stand united against aggression, resist sanctions, and strengthen cooperation to secure the global role of natural gas in the decades ahead.

Qatar says natural gas driving the global energy transition

SHANA (Doha) – Qatar’s Minister of Energy said natural gas has emerged as one of the main energy options in the global transition, as countries around the world seek cleaner energy sources. He emphasized that the role of gas in meeting energy demand and reducing emissions has become increasingly significant.

GECF president:

Fair energy transition requires producers-consumers cooperation

SHANA (Doha) – Khalifa Rajab Abdulsadek, Libya’s minister of oil and gas and president of the 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF), said Thursday that expanding cooperation between gas producers and consumers is essential to achieving a fair and sustainable energy transition.

GECF secretary-general: Golden age of natural gas is ahead

SHANA (Doha) – The Secretary-General of the Gas Exporting Countries Forum (GECF) said global gas consumption reached a record high in 2024 and is expected to grow by about 6% this year, marking the beginning of the “golden age of natural gas.”

27th GECF Ministerial Meeting opens in Doha

SHANA (Doha) – The 27th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) opened Thursday in Doha, the capital of Qatar, with the participation of ministers and senior officials from member states.

New phase of Abuzar Oil Field Development to begin soon

SHANA (Tehran) – The managing director of the Iranian Offshore Oil Company announced significant progress in the construction of the Abuzar oil field pipeline project, saying a new phase of the field’s development will begin soon if current progress continues.