Shana

US imposes new sanctions on Iranian oil network

SHANA (Tehran) – The US Treasury Department imposed sanctions on a network of front companies and shipping intermediaries accused of facilitating Iran’s oil sales, in what it described as an effort to curb Tehran’s oil revenue.

Top process safety management projects selected in Iran’s oil industry

SHANA (Tehran) – The director general of health, safety and environment at the Oil Ministry announced the selection of outstanding projects implementing process safety management systems across affiliated oil industry companies for the Iranian year 1404.

President: Energy use reform to strengthen industry

SHANA (Tehran) – The president underscored the need for fundamental reforms in the energy sector, saying the government plans to gradually replace household gas consumption with electricity to free up more natural gas for industry and boost national value creation.

Rumors of gasoline price hike denied

SHANA (Tehran) – The Public Relations Department of Iran’s Oil Ministry denied rumors circulating about an increase in gasoline prices, calling the claims baseless and stressing that any announcement about fuel price adjustments will be made only through official channels.

Acceleration planned for development of Aban, Paydar Gharb fields

SHANA (Tehran) – The 35th meeting of the Joint Management Committee for the development of the Aban and Paydar Gharb fields was held to review key issues including equipment supply, contract add-ons, and the status of surface and subsurface operations. The committee approved a set of new decisions aimed at speeding up development and reducing operational risks.

NIDC seen as key to stability, growth

SHANA (Tehran) – The head of the National Iranian Oil Company (NIOC) described the National Iranian Drilling Company (NIDC) as strategically important to the country’s oil and gas production, saying higher drilling efficiency, reduced nonoperational times and greater organizational agility are among the industry’s main expectations.

Management changes seen as catalyst for faster oil industry development

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) described recent leadership changes as an opportunity to accelerate the development of Iran’s oil and gas sector, emphasizing that this direction will continue.

Fuel distribution monitoring strengthened with smart systems

SHANA (Tehran) – The operations director of the National Iranian Oil Products Distribution Company (NIOPDC) emphasized stepped-up oversight of fuel distribution outlets, saying smart monitoring systems enable the immediate detection of discrepancies and improve accuracy in controlling distribution processes.

Gasoline consumption up 9m liters compared with last year

SHANA (Tehran) – The head of the National Iranian Oil Products Distribution Company (NIOPDC) said average daily gasoline consumption has reached 133 million liters since the start of the year, an increase of 9 million liters compared with the same period last year.

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.

No current problems selling oil: Oil minister

SHANA (Tehran) – Oil Minister Mohsen Paknejad said Iran is not facing any problems selling its oil and has prepared contingency plans should restrictions tighten.

Petchem sector meets all first-year goals of Seventh Development Plan

SHANA (Tehran) – The head of Iran’s National Petrochemical Company said the petrochemical industry achieved 100% of its first-year targets under the Seventh Development Plan and called for stricter safety inspections and stronger process-safety systems.

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.

Hasheminejad Gas Refinery on winter standby to ensure stable production

SHANA (Tehran) – The CEO of the Shahid Hasheminejad Gas Refining Company said regular overhauls, intelligent process management, and dedicated, round-the-clock efforts are key to the company's success, particularly in maintaining gas production during cold weather.

Daily diesel consumption drops by 3-5m liters through bodies cooperation

SHANA (Tehran) – The head of the National Iranian Oil Products Distribution Company said the significant price difference between domestic and border prices for oil products is the main driver of smuggling. He announced that through coordinated efforts, daily diesel consumption has recently fallen by 3 to 5 million liters.

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.

First cargo of imported premium gasoline on Iran Energy Exchange today

SHANA (Tehran) – The head of Iran’s National Iranian Oil Products Distribution and Refining Company (NIORDC) says the country will offer its first cargo of imported premium gasoline on the Iran Energy Exchange on Tuesday.

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.