Shana

Average household gas consumption rises by over 40 mcm

SHANA (Tehran) – The head of dispatching at the National Iranian Gas Company said average household gas consumption during the first 10 days of the Iranian month of Dey reached 645 million cubic meters, up 41 million cubic meters from the same period last year, as colder weather drove demand higher.

Petchem firms fetch $6.7b in forex to Iran

SHANA (Tehran) – The secretary-general of the Petrochemical Industry Employers Association said petrochemical companies supplied $6.7 billion in foreign currency to Iran’s Gold and Currency Exchange Center in the first nine months of the current year.

Completion of drilling at 10th well of South Pars Phase 11

SHANA (Tehran) – The CEO of the Petropars Group announced the successful completion of drilling at the 10th well on Platform B of South Pars Phase 11, saying the well’s connection to the network will add about 2.5 million cubic meters per day to Iran’s gas production capacity.

PetroPark bridges ideas to market

SHANA (Tehran) – The head of research and technology at the National Iranian Oil Company underscored the key role of the Petroleum Industry Innotech Park (PetroPark) in completing the chain from idea to market, saying closer interaction between the research and technology management and the park can help address real challenges in the oil industry.

Gas consumption management requires a national approach

SHANA (Tehran) – The head of the National Iranian Gas Company said effective energy consumption management requires a national approach, warning that the country’s gas network cannot withstand fragmented or ad hoc decisions. Building trust in gas consumption management, he said, can only be achieved over the long term through transparency, honesty and avoiding sector-based approaches.

Localization of technology key to boosting gas output at SP

SHANA (Tehran) – The head of the South Pars Phase 10 refinery said reliance on domestic technical know-how has strengthened production stability, reduced foreign dependence and expanded byproducts, driven by Iranian specialists.

Law on removing production barriers seen as key tool for infrastructure development

SHANA (Tehran) – Oil Minister Mohsen Paknejad said Article 12 of the Law on Removing Barriers to Competitive Production is one of the most effective legal tools for boosting output, reducing energy waste and financing the country’s infrastructure and development projects.

OPEC’s tough year: A quarter of oil’s value lost

SHANA (Tehran) – OPEC’s oil basket ended 2025 down 24% from the previous year after a period of sharp volatility.

Tehran, Moscow seek deeper strategic energy cooperation

SHANA (Tehran) – The Iran-Russia Joint Energy Working Group met under the leadership of Iran’s deputy oil minister for international affairs and commerce and Russia’s deputy energy minister, stressing the need to operationalize strategic memorandums of understanding between the two countries.

Paknejad answers lawmakers’ questions of Oil Ministry

SHANA (Tehran) – The spokesman for Iran’s parliamentary Energy Committee said the oil minister appeared before the commission to respond to questions from several lawmakers.

Oil minister presses ahead with energy-savings program

SHANA (Tehran) – The head of parliament’s Civil Engineering Committee said the oil minister is strongly committed to implementing Article 12 of the Law on Removing Obstacles to Production and has taken the right approach, with funds generated from energy savings already paid to some agencies and yielding acceptable results.

NIOC sees faster payment collection amid oil price decline

SHANA (Tehran) – Behzad Shamsi, chief financial officer of the National Iranian Oil Company (NIOC), said global oil prices have dropped about 21% in recent months compared with previous periods—a significant decline. However, the oil ministry has partly offset the drop by boosting export volumes and reducing discounts.

Oil Ministry backs more than 80% of first-of-a-kind manufacturing projects

SHANA (Tehran) — More than 80% of Iran’s first-of-a-kind manufacturing projects have been carried out with the support of the Oil Ministry, a deputy oil minister said, underscoring the ministry’s long-standing policy of backing domestic production.

Household gas consumption hits 639 mcm

SHANA (Tehran) – Natural gas consumption in the household, commercial and small industrial sectors reached 639 million cubic meters on Monday as cold weather persisted, according to figures released by the National Iranian Gas Company.

Petchem industry a symbol of national self-reliance

SHANA (Tehran) – The petrochemical industry, relying on domestic capabilities and the completion of value chains, plays a key role in creating added value, generating employment and supplying foreign currency for the country, Iran’s deputy oil minister said.

Supporting domestic manufacturers, a national strategy for petrochemical industry

The head of research, technology and domestic manufacturing at the National Petrochemical Company (NPC) said greater use must be made of the private sector’s dynamic capacity to manufacture equipment for the oil industry, stressing that support for domestic manufacturers and self-sufficiency in producing equipment and parts needed by the petrochemical sector is being strengthened as a national strategy.

Daily diesel deliveries to power plants rise to 65m liters

SHANA (Tehran) – Daily deliveries of diesel to Iran’s power plants have increased by 30 percent to 65 million liters to ensure continued electricity generation, the National Iranian Oil Refining and Distribution Company said.

South Pars produces near 175m barrels of gas condensate

SHANA () – The South Pars Gas Complex produced more than 174 million barrels of gas condensate in the first nine months of the current year, helping ensure a strategic feedstock supply for the Persian Gulf Star Refinery and strengthen the country’s energy security, the complex’s managing director said.

Oil Ministry supplied fuel for agricultural machinery, MP says

SHANA (Tehran) – The Oil Ministry has supplied the fuel needed for agricultural machinery, but shortcomings in distribution and the fuel release process fall under the management of the Agriculture Ministry, the head of parliament’s Agriculture Commission said.

Household gas consumption hits 650 mcm

SHANA (Tehran) – Natural gas consumption in the household, commercial and small industrial sectors reached 650 million cubic meters on Dey 7 (December 28), marking a slight increase from the previous day.

Oil’s rocky 2025: Global tensions fail to offset oversupply

SHANA (Tehran) – A look at oil prices in 2025 shows a volatile year in which the strategic commodity fell from about $74 a barrel at the start of the year to near $60 by year’s end, a decline of nearly 20%. Brent crude briefly topped $82 at times but spent much of the year under pressure, at one point flirting with the $50 range before stabilizing around $60. A mix of economic, geopolitical and supply-side factors drove the swings. Here are the main forces that shaped oil prices in 2025.

Localization of technology key to boosting oil, gas output

SHANA (Tehran) – The technical adviser to the CEO of the National Iranian Oil Company (NIOC) emphasized the need to upgrade hydraulic fracturing know-how, saying higher oil and gas production cannot be achieved solely by expanding drilling fleets. Localizing key technologies, he said, is the fastest and most cost-effective path to boosting national output.

Localizing EOR technology to boost crude output

SHANA (Tehran) – The head of research and technology at the National Iranian Oil Company said more than 51% of Iran’s recoverable oil reserves have already been produced, underscoring the need to accelerate the development and localization of enhanced oil recovery (EOR) technologies to protect remaining reserves and sustain output.

Oil engineers association head:

Focus on 20% of activities can deliver 80% of value

SHANA (Tehran) — Focusing on key priorities is essential to boosting value creation in Iran’s oil industry, the head of the Iranian Oil Engineering Association said, citing the 80-20 rule.

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 project launches signal oil industry’s unstoppable momentum

SHANA (Tehran) – A member of Iran’s parliamentary Energy Committee said the launch of major oil projects, including the country’s largest oil and gas processing facility, demonstrates that the oil industry remains unstoppable despite existing constraints.

Household gas use hits 643 mcm amid cold weather

SHANA (Tehran) – Gas consumption in the household, commercial and small industrial sectors reached 643 million cubic meters on Saturday as cold weather persisted, according to Iran’s National Iranian Gas Company.

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.

Second Azadegan CTEP boosts oil output, jobs, supply chain resilience

SHANA (Tehran) — The opening of the second train of the central processing unit at the South Azadegan shared oil field will play a key role in sustainable development in the West Karoun region by expanding stable processing capacity, stabilizing production, strengthening the transfer chain and creating jobs, the deputy head of Parliament’s Energy Committee said.

Petrochemicals emerge as a key driver of wealth creation

SHANA (Tehran) – A presidential adviser said Iran’s petrochemical industry could become one of the country’s main engines of wealth creation and economic growth by easing investment procedures, cutting red tape, tapping small-scale foreign currency investments and leveraging the capacity of new technology-based firms.