Shana

Countdown begins for jacket installation at Farzad joint field

SHANA (Tehran) – The director of the Farzad gas field development project said Pars Oil and Gas Company is moving to accelerate development of the joint field and that the WHP1 platform jacket will soon be loaded out and installed at one of the country’s most challenging offshore gas sites.

CNG industry development saves $75b

SHANA (Tehran) – The head of the CNG project at the National Iranian Oil Products Distribution Company said the country has saved $75 billion in gasoline consumption since the start of its CNG industry.

Process safety management seen as key strategy for production stability

SHANA (Tehran) – The Oil Ministry’s director general for health, safety and environment (HSE) said process safety management is the most important strategy the oil industry is pursuing to ensure production stability and reduce losses.

Energy Optimization Organization seen as step toward better energy governance

SHANA (Tehran) – The research and technology director of the National Iranian Gas Company praised the government’s creation of a new “Energy Optimization and Strategic Management Organization,” saying the structure could move the country closer to stronger energy governance.

No surprise measures planned on energy carriers

SHANA (Tehran) – The head of the Organization for Energy Policy and Strategic Management said Wednesday the public should have no concerns about possible changes to energy carriers, emphasizing that the government has no intention of surprising people with sudden decisions.

Roll-up operation completed for Farzad B gas platform jacket

SHANA (Tehran) – The roll-up operation for the four-legged jacket of the Farzad B shared gas field platform was successfully carried out at the Khorramshahr industrial yard.

NIOC appoints acting head of oil and gas production oversight

SHANA (Tehran) – The National Iranian Oil Company appointed Reza Kheilaei as acting director of its Oil and Gas Production Oversight Department.

Oil Ministry, Police ink MoU to combat fuel smuggling

SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company, representing the Oil Ministry, and Iran’s Police signed an agreement aimed at strengthening coordination, creating smart monitoring mechanisms and expanding organized cooperation to protect national resources and curb fuel smuggling.

Police chief says fuel price gap is the main driver of smuggling

SHANA (Tehran) – Iran’s top police commander called for stronger coordination among law enforcement, the Oil Ministry, the Roads and Urban Development Ministry, the Agriculture Ministry, the judiciary and the headquarters for combating currency and goods smuggling to fight fuel smuggling. He said the gap between domestic fuel prices — heavily subsidized by the government — and prices in neighboring countries has encouraged smuggling by offering “less effort and higher income” for some people.

Iran reports $5.2b in annual fuel smuggling

SHANA (Tehran) – The head of Iran’s Economic Security Police said fuel products account for the largest share of outbound smuggling, valued at $5.2 billion annually. He said more than 20 million liters of fuel are smuggled out of the country each day, worth more than 1 trillion tomans.

Data-driven systems seen as key to curbing fuel smuggling;

NIORDC: Power plant diesel stocks double

SHANA (Tehran) – The head of the National Iranian Oil Refining and Distribution Company (NIORDC) said data-driven governance and smart supply-and-consumption systems are the main tools for combating fuel smuggling. He added that the country’s diesel reserves for power plants have doubled compared with the same period last year.

Household gas use tops 400 mcm a day

SHANA (Tehran) – Natural gas consumption in Iran’s household, commercial and small industrial sectors surpassed 400 million cubic meters per day last week as colder weather set in, reaching about 2.726 billion cubic meters for the week. The highest daily use was recorded Wednesday at roughly 401 million cubic meters.

CEO Bovard appoints new executives across key state oil companies

SHANA (Tehran) – Hamid Bovard, managing director of the National Iranian Oil Company, on Sunday appointed Morteza Fouladi as CEO of the National Iranian Drilling Company, replacing Mehran Makvandi.

Stability in water supply at South Pars Refinery 10

SHANA (Tehran) – The fresh water production capacity at South Pars Gas Complex’s Refinery 10 has increased to 200 cubic meters per hour following specialized maintenance and innovative operational measures.

Major oil industry goal: Collecting 43 mcm of flare gas daily

SHANA (Tehran) – The head of the Oil Ministry’s flare gas recovery task force said that, following direct instructions from the president and special measures by the oil minister, projects to recover associated and flare gas are advancing at an unprecedented pace. The goal is to collect more than 40 million cubic meters per day of flare gas by the end of Iranian year 1406.

President warns automakers to improve fuel efficiency

SHANA (Tehran) – President Masoud Pezeshkian warned domestic automakers that they will not receive foreign currency or production permits if they fail to upgrade engines and improve fuel efficiency within one year. He said companies should purchase modern global technologies if necessary, and the government will support them. “Our priority is producing safe and electric vehicles,” he said.

First multiphase pump station launched in ahvaz field

SHANA (Tehran) – The launch of the first mobile TSP-type multiphase pump station at Well 21 in the Ahvaz field has increased the well's production from 800 to 1,200 barrels per day and will prevent the annual flaring of 1 million cubic meters of associated gas, according to the head of the Preservation and Production Enhancement Projects Department of the National Iranian South Oil Company (NISOC).

Reforming financial terms; prerequisite for meeting oil production goals

SHANA (Tehran) – A deputy oil minister warned that without a reform of its financial relationship with the government, the National Iranian Oil Company (NIOC) – the nation's largest economic enterprise – risks bankruptcy in the coming years.

Iran’s gas network remains stable amid rising winter demand

SHANA (Tehran) – The national gas network is operating steadily, according to the National Iranian Gas Company.

ICOFC honors gas production, storage commitments

SHANA (Tehran) – The head of the Iranian Central Oil Fields Company said the company successfully met its gas production and storage commitments in the first half of this year at the Shurijeh and Sarajeh reservoirs.

Tehran Refinery overhaul: A major step toward higher quality, sustained production

SHANA (Tehran) – Tehran Oil Refinery has taken a significant step toward improving production quality and reducing operational risks by completing its general overhaul in just 18 days with the highest standards. This overhaul, carried out with an emphasis on modern technologies and domestically manufactured equipment, not only enhanced the performance of operational units but also reduced environmental emissions.

Acceleration urged for completing Basat Power Plant units

SHANA (Tehran) – The CEO of Pars Oil and Gas Company called for accelerating the completion and startup of units at the Basat combined-cycle power plant.

HSE called backbone of NIOC’s value chain

SHANA (Tehran) – The head of oil and gas production supervision at the National Iranian Oil Company (NIOC) described Health, Safety and Environment (HSE) as the backbone of the company’s value chain, emphasizing the importance of HSE participation from the design phase through operations to minimize potential risks.

President chairs meeting on plans to boost production, address energy imbalance

SHANA (Tehran) – President Masoud Pezeshkian on Wednesday chaired a meeting to review plans aimed at increasing production and addressing imbalances in the country’s energy sector.

OPEC Report: Iran’s Oil Price Drops $5 in October

SHANA (Tehran) – The Organization of the Petroleum Exporting Countries (OPEC) announced in its latest monthly report (November) that the average price of Iran’s heavy crude oil fell by $5.07 per barrel in October compared with September.

Tehran Refinery completes overhaul with round-the-clock efforts by 2,000 workers

SHANA (Tehran) – The Tehran Oil Refining Company has completed a major overhaul of its facilities in just 18 days, thanks to the nonstop efforts of more than 2,000 workers, according to Mohammad Ali-Hashemi, the company’s maintenance and repair manager.

Gov't takes unprecedented steps to curb gas flaring:NIOC

SHANA (Tehran) - The head of the National Iranian Oil Company (NIOC) described the 14th administration’s efforts to collect and curb flared gas as “unprecedented,” saying the company is working to accelerate gas recovery and reduce environmental challenges through new contracts and ongoing cooperation with environmental organizations.

Household sector leads gas consumption with 2.44 bcm in seven days

SHANA (Tehran) – Iran’s natural gas consumption across its three main sectors — power plants, major industries, and the household-commercial-small industries group — totaled about 5.15 billion cubic meters over the past week. The household, commercial, and small industries sector accounted for the largest share, consuming more than 2.44 billion cubic meters.

Parliament Research Center endorses Oil Ministry’s performance under Seventh Development Plan

SHANA (Tehran) – The Iranian Parliament’s Research Center has praised the Oil Ministry’s performance during the first year of the Seventh Development Plan, reporting that the ministry’s output exceeded expectations in key areas such as production growth. However, the report noted that financing remains the main challenge to fully implementing the five-year plan.

45,000 gas-fueled cars to save 161m liters of gasoline annually

SHANA (Tehran) – The director of the CNG project at the National Iranian Oil Products Distribution Company announced the signing of two major agreements with domestic firms active in vehicle gas conversion, saying the contracts—worth a total of $23 million—will help save about 161 million liters of gasoline annually.