Shana

Maximizing capabilities of domestic firms for implementation of metering project

SHANA (Tehran) – The project manager for the real-time monitoring of the petroleum product production-to-distribution chain (metering and monitoring) at the National Iranian Oil Refining and Distribution Company (NIORDC) announced the successful implementation of this project.

Deputy oil minister:

$90m allocated for metering project

SHANA (Tehran) – The deputy minister of oil for hydrocarbon resource supervision announced the allocation of more than 70 trillion rials (approximately $90 million) for the implementation of a metering project.

Oil Ministry committed to addressing energy imbalances: Lawmaker

SHANA (Tehran) – A member of the Iranian Parliament's Presiding Board praised the Oil Ministry's efforts in producing and distributing natural gas and petroleum products, emphasizing its commitment to resolving energy imbalances.

NIGC:

Household gas consumption reaches 610 mcm

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) reported that household, commercial, and small industrial sectors consumed 610 million cubic meters of natural gas out of the country’s total daily consumption of 859 million cubic meters (mcm).

Real-time monitoring of petroleum supply, distribution chain launched

SHANA (Tehran) – The CEO of the National Iranian Oil Engineering and Construction Company announced the launch of the “Real-Time Monitoring of the Petroleum Supply and Distribution Chain” project.

Oil minister:

Deals worth $6b will be signed on pressure boosting in SP

SHANA (Tehran) – Iran’s oil minister announced that contracts worth $6 billion for pressure enhancement at the South Pars gas field will be signed soon, emphasizing that this project is one of the country’s top priorities. He warned that if the pressure enhancement project is not implemented, the field’s reservoir pressure would decline in the next two years.

Crude production hike of 30,000 bpd targeted for Sepehr, Jofeir fields

SHANA (Tehran) – The CEO of Pasargad Exploration and Production Company announced that oil production from the Sepehr and Jofeir fields has surpassed 50,000 barrels per day, with hopes to achieve a further increase of 30,000 barrels daily next year. 

Gas consumption in residential sector up 18%

SHANA (Tehran) – A sum of 613 million cubic meters (mcm) of natural gas were consumed on Monday in the residential, commercial, and industrial sectors, marking an 18% increase compared to the same period last year.

CEO of SPGC:

Gas injection to national pipeline rises by 1.2 bcm

SHANA (Tehran) – The CEO of the South Pars Gas Complex announced a 1.2 billion cubic meter increase in natural gas injection to the main national pipeline during the first eight months of this year compared to the same period last year.

Government spokesperson:

Fuel supply to power plants doubled

SHANA (Tehran) – The government spokesperson announced that the delivery of diesel fuel to power plants has doubled, marking a 100% increase.

Managing director:

Value of experiences in SPOGC not less than production of 700 mcm of gas

SHANA (Tehran) – The CEO of the South Pars Oil and Gas Company (SPOGC) stated that the value of the company's experiences and intellectual assets is equivalent to a daily production of 700 million cubic meters of gas.

Deputy minister:

Iranian E&P companies fully developed in oil projects implementation

SHANA (Tehran) – The deputy minister of oil for research and technology stated that the efforts launched eight years ago to develop Iranian exploration and production (E&P) companies have now come to fruition, as he expressed hope for the active participation of capable Iranian companies in oil projects.

Exploration, production firms urged to renewable energy development

SHANA (Tehran) - The CEO of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of Iranian exploration and production companies’ involvement in the development of renewable energy, stating that the Ministry of Oil is responsible for energy optimization in the country, so, renewable energy should be used for self-sufficiency in electricity.

Iran’s first center of WRFM inaugurated

SHANA (Tehran) – The first simultaneous, real-time center for Wells Reservoir and Facility Management (WRFM) in Iran was launched on Tuesday with an investment of $10 million in its first phase.

VP calls for shift from business intelligence to AI in oil industry

SHANA (Tehran) – The Vice President for Science, Technology, and Knowledge-Based Economy emphasized the need to focus on the integration of artificial intelligence (AI) in the oil industry, stating that in order to reach AI, business intelligence must first be achieved.

Head of Parliament’s Energy Committee:

Energy shortages have accumulated over years

SHANA (Tehran) – The head of the Parliament’s Energy Committee stated that the issue of energy imbalances is not new, adding that challenges in this sector have built up over time and culminated in the current situation as he emphasized the need for short-, medium-, and long-term solutions to address the problem.

Parliament speaker urges managing energy consumption with effective methods

SHANA (Tehran) – The Speaker of Parliament said that when citizens were asked to reduce their energy consumption by two degrees, they cooperated, resulting in daily savings of over 40 million cubic meters of gas, as he emphasized the need to manage energy consumption through proper methods.

Gov’t spox:

Past policy missteps behind current energy imbalances

SHANA (Tehran) – The government spokesperson stated that current imbalances are the outcome of flawed policies from the past, emphasizing that these issues did not arise overnight.

SPGC daily injection of sweet gas into national network stands at 585 mcm

SHANA (Tehran) – The official overseeing centralized reservoirs in Asaluyeh at the South Pars Gas Complex (SPGC) announced that 585 million cubic meters of sweet gas are injected daily from 13 South Pars gas refineries into the country’s national gas pipelines.

MP:

Conservation campaigns contribute to promotion of energy consumption culture

SHANA (Tehran) –A member of the Industries and Mines Committee of the Iranian Parliament emphasized that conservation campaigns play a crucial role in promoting a culture of reduced energy consumption in the country.

Paknejad:

Oil Ministry, Parliament’s Energy Committee join hands to address energy shortages

SHANA (Tehran) – Iranian Oil Minister Mohsen Paknejad said that discussions with members of the Energy Committee of the Parliament resulted in a consensus around enhancing mutual cooperation to address energy shortages, adding that “The goal is to ensure fuel supply with minimal repercussions.”

NIGC:

Nearly 120 mcm of gas delivered to power plants

SHANA (Tehran) – The spokesman for the National Iranian Gas Company announced the delivery of 118 million cubic meters (mcm) of gas to power plants on Sunday.

Aref urges focus on finishing incomplete refinery projects

SHANA (Tehran) – The first vice president stated that the refining industry is considered a strategic industry for the country, emphasizing that priority in expanding refinery capacity should be given to incomplete development projects.

Innovation and Prosperity Fund:

NTBFs could lead petrochemical industry innovation

SHANA (Tehran) – The head of the Innovation and Prosperity Fund emphasized that new technology-based firms (NTBFs) can utilize tax incentives to become a driving force for innovation in major industries like petrochemicals.

Residential sector received 610 mcm of gas on Saturday: NIGC

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company of Iran announced that natural gas consumption in the residential, commercial, and industrial sectors reached 610 million cubic (mcm) meters on Saturday.

NIOPDC dismisses rumors of gasoline price hike

SHANA (Tehran) – National Iranian Oil Products Distribution Company (NIOPDC) on Sunday dismissed recent rumors regarding an increase in gasoline prices.

Oil industry can reliably use domestic technology: Deputy minister

SHANA (Tehran) – The deputy minister of oil for engineering, research, and technology said that for the first time, the number of domestic manufacturers has surpassed that of suppliers on Iran's Ministry of Oil's long list of producers, noting that domestic companies have reached a technological maturity, allowing the oil industry to confidently utilize their products.

NPC:

Survival of petrochemical industry dependent on innovation

SHANA (Tehran) – The managing director of the National Petrochemical Company (NPC) emphasized that the survival of the petrochemical industry relies on innovation, adding that this sector presents a significant market opportunity for domestic manufacturers.

CEO:

POGC plays great role in sustainable gas supply

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) highlighted the company's significant role in ensuring the sustainable supply of gas in the country, stating that the company has consistently played an indispensable part in this effort with 13 refineries and 39 production and support platforms.

IGEDC CEO:

Gas production struggles to keep up with soaring consumption

SHANA (Tehran) –The CEO of Iran’s Gas Engineering and Development Company (IGEDC) emphasized that despite the doubling of gas production under difficult sanctions, consumer demand remains insatiable.