Shana

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.

South Pars daily gas output hits 723 mcm

SHANA (Tehran) – The CEO of Pars Oil and Gas Company said daily production from the South Pars gas field has reached 723 million cubic meters, praising round-the-clock efforts by the company’s headquarters and operational staff.

Petrochemical firms return 98% of forex to economy

SHANA (Tehran) – Iran has recovered more than 98% of foreign currency earnings from petrochemical companies, the deputy oil minister for petrochemical affairs said, noting an improvement from last year.

10% energy savings can ease major challenges, Pezeshkian says

SHANA (Tehran) – President Masoud Pezeshkian emphasized the need to reform energy consumption patterns, saying that saving just 10% of resources — particularly energy — could resolve a significant portion of the country’s challenges, including livelihoods, salary payments, infrastructure development and national security.

Petrochemical industry accounts for about 8% of GDP

SHANA (Tehran) – The petrochemical industry accounts for about 7% to 8% of the country’s gross domestic product, while nearly 30% of Iran’s non-oil exports come from the sector, an official said.

Petchem projects under Seventh Development Plan about 60% complete

SHANA (Tehran) – The head of the National Petrochemical Company (NPC) said petrochemical projects under Iran’s Seventh Development Plan are about 60% complete and that all targets set for the plan’s first year were fully achieved in 1403.

Pezeshkian: Controlling gas flaring is a priority

SHANA (Tehran) – President Masoud Pezeshkian said that controlling gas flaring is a priority.

Household gas consumption tops 4.5 bcm in one week

SHANA (Tehran) – Gas consumption in the household, commercial and small industrial sectors exceeded 4.552 billion cubic meters from Dec. 20 to Dec. 26, 2025, as cold weather persisted, according to data from the National Iranian Gas Company.

Oil sale proceeds deposits overseen by CBI, minister says

SHANA (Tehran) – Oil minister said the mechanism for depositing proceeds from oil sales is overseen, monitored and controlled by the Central Bank of Iran, stressing that the Oil Ministry has no role in banking operations related to those funds.

Oil market more resilient than before; no sharp price surge expected in 2026

SHANA (Tehran) – An energy analyst says global oil prices are unlikely to rise sharply in 2026, citing greater market resilience and the absence of major geopolitical or economic shocks.

New South Azadegan CTEP boosts crude output

SHANA (Tehran) – The spokesman for Parliament’s Energy Committee said the launch of the second train of the Central Processing and Export Terminal (CTEP) at the South Azadegan joint oil field is a key step toward offsetting production shortfalls, increasing oil output and countering sanctions under current conditions.

LPG production at Fajr Jam refinery up 38%

SHANA (Tehran) – The CEO of Fajr Jam Gas Company said the company produced nearly 19,000 metric tons of liquefied petroleum gas (LPG) in the first nine months of the current Iranian year, marking a 38% increase from the same period last year.

Record overhaul maintenance achieved in NISOC

SHANA (Tehran) – The head of Industrial Equipment and Process Machinery Maintenance at the National Iranian South Oilfields Company said proactive planning, localization of strategic parts and round-the-clock efforts by operational teams led to the completion of more than 63% of the company’s annual major overhaul program in 1404, an unprecedented achievement that has strengthened production stability, reduced flaring and supported environmental protection.

Persian Gulf terminal keeps oil exports steady

SHANA (Tehran) – The Persian Gulf oil export terminal, the final link in the processing, storage and export chain for oil from the Soroush and Norouz fields, has played a key role in sustaining Iran’s oil exports for more than a decade. It has continued operating without interruption even during periods of sanctions and war.

Iran aims to become regional energy trading hub

SHANA (Tehran) – Iran will become a regional hub for energy trading by expanding its energy commerce, the country’s first vice president said.

MoUs inked for two South Pars gas compression hubs

SHANA (Tehran) – Two cooperation agreements have been signed to launch specialized studies and oversee basic engineering for Hubs 3 and 6 of the South Pars gas field pressure-boosting project.

Oil sales volume remains strong, minister says

SHANA (Tehran) – Iran’s oil sales volume remains strong and continues at previous levels, Oil Minister Mohsen Paknejad said on Thursday.

South Azadegan production capacity hits 160,000 barrels a day

SHANA (Tehran) — The chief executive of Petropars Group said the operational capacity of the South Azadegan joint oil field has increased to 160,000 barrels per day, citing the start-up of the second train of the central processing facility and the gradual return of wells to production.

NIGC: Consumption management, fuel diversity key to energy stability

SHANA (Tehran) — The head of the National Iranian Gas Company said the country’s energy challenge is not limited to production levels, stressing that consumption management, diversifying the fuel mix and correcting past policies are critical to maintaining a stable energy network.

Strategic role of South Azadegan processing in boosting oil output

SHANA (Tehran) – The head of Iran’s Oil Engineering and Development Company said the completion of the second processing train at the shared South Azadegan oil field marks the country’s first major oil output expansion project since 1395 and carries significant strategic importance for the industry.

President praises Oil Ministry’s efforts

SHANA (Tehran) – President Masoud Pezeshkian on Thursday praised the Oil Ministry and its engineers and specialists for bringing the second train of the Central Processing and Export Terminal (CTEP) at the South Azadegan joint oil field online in record time.

New processing unit speeds oil treatment at South Azadegan Field

SHANA (Tehran) – The head of the National Iranian Oil Company said the start-up of a new processing train at the shared South Azadegan oil field will strengthen infrastructure, speed crude oil processing and support balanced development of shared fields.

Second Azadegan processing train boosts output, stabilizes production in West Karoun

SHANA (Tehran) — Iran’s oil minister said the launch of the second processing train at the South Azadegan central processing facility will play a key role in increasing output, capturing associated gas and stabilizing sustainable production in the West Karoun region.

Outdoor heaters banned during cold season: NIGC

SHANA (Tehran) – The use of any type of outdoor heating equipment is banned during the cold season for all business, service, commercial, educational, administrative, recreational and sports subscribers, an official with the National Iranian Gas Company said.