Shana

VP: Hidden energy subsidies fuel smuggling of energy resources

SHANA (Tehran) – The parliamentary deputy to the president stated that hidden energy subsidies in the country amount to a significant sum and are one of the reasons behind the smuggling of energy resources.

Paknejad:

Iran’s oil sector offers great investment opportunities for Russians

SHANA (Tehran) – Iran’s oil industry is a treasure trove of investment opportunities, Oil Minister Mohsen Paknejad said Friday, adding that favorable conditions exist for Russian companies to invest in the sector.

Oil minister to accompany president on Russia visit 

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad will join the president on a trip to Moscow for strategic talks with senior Russian officials, aimed at expanding bilateral cooperation in various fields, including energy.

Gov’t spokesperson:

Positive steps underway to combat fuel smuggling

SHANA (Tehran) – The government spokesperson said that positive developments are expected in the coming days to prevent fuel smuggling, following recent measures.

NIOC to accelerate hydrocarbon discovery operations

SHANA (Tehran) – Mohyeddin Jafari, head of Exploration Department at the National Iranian Oil Company (NIOC), emphasized the need to improve the execution of drilling projects, stating that the discovery of hydrocarbon resources will accelerate as obstacles are removed and new onshore and offshore rigs are added to the exploration fleet.

Deputy minister calls for innovative financing models for renewable energy

SHANA (Tehran) – Omid Shakeri, Deputy Oil Minister for Engineering, Research, and Technology, emphasized that relying solely on increased production and storage to resolve Iran’s gas imbalance is a mistake.

Aref praises Oil Ministry’s outstanding performance in recent five months

SHANA (Tehran) – First Vice President Mohammadreza Aref commended the Oil Ministry for its remarkable achievements in boosting production during the first five months of the 14th administration, stating that these advancements were made despite numerous challenges.

Paknejad announces $120b investment to boost oil, gas production

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized that a total of $120 billion is needed to achieve the quantitative goals of the 7th Development Plan, aimed at increasing oil and gas production capacity.

NIOC head:

Supporting domestic firms ensures future of oil industry

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the importance of supporting domestic manufacturers in the oil industry, stating that such efforts not only drive industry growth but also serve the nation by advancing economic goals and self-sufficiency. 

Projects worth $45m approved by NIOC in four months 

SHANA (Tehran) – The director of integrated planning at the National Iranian South Oil Company announced the approval of 12 new capital projects worth 3.6 billion tomans (approximately $45 million) during the first four months of the 14th administration.

First vice president visits Ministry of Oil 

SHANA (Tehran) – Mohammadreza Aref, Iran’s first vice president, attended a meeting of the Ministry of Oil’s council of deputies on Saturday. 

Oil minister:

All legal capacities to be used to remove private sector obstacles

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized the need for collaboration with private sector players in the oil industry to develop and sustain the sector, stating that the private sector is the path to the country’s progress and salvation.

Iran's first methanol-to-olefins unit set for construction

SHANA (Tehran) - Persian Gulf Ofoq Petrochemical Parks Company (PGOPC) signed a technical knowledge agreement and a basic process design package (PDP) contract with the Dalian Institute of Chemical Physics, Chinese Academy of Sciences, to establish the first methanol-to-olefins (MTO) unit in the country.

President emphasizes need for transition to clean energy

SHANA (Tehran) – President Masoud Pezeshkian stated that transitioning to clean energy and revising development policies is essential.

IOOC head visits Kharg Operational Zone

SHANA (Tehran) – The CEO of the Iranian Offshore Oil Company (IOOC) made his first field visit to operational areas, arriving at the Kharg operational zone.

Paknejad:

Solutions to prevent fuel smuggling to be announced soon

SHANA (Tehran) – Oil Minister Mohsen Paknejad announced that solutions to prevent fuel smuggling and address the issue across various consumption sectors will be unveiled in the near future.

Head of Gov’t Info Council:

No plans to increase energy prices

SHANA (Tehran) – The head of the Government Information Council, Elyas Hazrati, stated Tuesday that there are no plans to raise energy prices, emphasizing that the focus is on managing consumption and optimizing subsidies.

NIOPDC announces 25% increase in power plants liquid fuel deliveries

SHANA (Tehran) – The average daily delivery of liquid fuel to power plants during the first 15 days of Dey, the tenth month of Iranian calendar year, (Dec. 21, 2024, to Jan. 4, 2025) reached 85.9 million liters, marking a 25% increase compared to the same period last year.

Energy imbalance result of years of mismanagement: MP

SHANA (Tehran) – The representative of Malekan and Leylan (in northwestern province of East Azarbaijan) in Parliament stated that the energy imbalance is the result of years of mismanagement and is not related to the past four months.

Maritime operations, backbone of sustainable oil production and exports: CEO

SHANA (Tehran) – The CEO of Iranian Oil Terminals Company emphasized the strategic importance of maritime operations in supporting the sustainable production and export of the country’s oil and gas.

Production, distribution of oil products exceed Oil Ministry targets

SHANA (Tehran) – Significant increases in the production and delivery of liquid fuels over the past four months, driven by precise and strategic management, have ensured a stable supply of power plant fuel during this year’s cold season, avoiding major energy supply challenges.

Parliament speaker:

Managerial imbalance, not energy, is the root problem

SHANA (Tehran) – The speaker of Iran’s Parliament stated, “We do not have an energy imbalance; we have a managerial imbalance. Until we resolve this managerial imbalance, we will never be able to address the energy imbalance.”

Energy minister:

Power plant fuel supply situation is stable

SHANA (Tehran) – Energy Minister Abbas Aliabadi said Sunday that fuel supply to power plants is at an appropriate level, thanks to efforts by the National Iranian Oil Refining and Distribution Company and the National Iranian Gas Company as he noted that power outages have decreased as a result.

President orders formation of Energy Optimization and Strategic Management Organization

SHANA (Tehran) – The president ordered the establishment of an Energy Optimization and Strategic Management Organization during a meeting of the working group on addressing gas sector energy imbalances. The meeting was attended by the heads of the three branches of government.

NIOPDC dismisses rumors on diesel price increase

SHANA (Tehran) –The National Iranian Oil Products Distribution Company (NIOPDC) denied rumors of a diesel price hike, emphasizing that any speculation or reports regarding a price increase, attributed to irrelevant officials, are not confirmed.

Pipeline supplying Bandar Abbas Refinery officially operational

SHANA (Tehran) – The pipeline supplying crude oil to the Bandar Abbas refinery, an offshoot of the Goreh-Jask crude oil pipeline with a daily capacity of 300,000 barrels, was officially inaugurated on Thursday.

Clarifying fuel smuggling situation is a public demand: Paknejad

SHANA (Tehran) – Mohsen Paknejad, the minister of oil emphasized that clarifying the situation of fuel smuggling in the country is a public demand.

Comprehensive efforts by Oil Ministry to address energy imbalance

SHANA (Tehran) – The oil minister highlighted that the country faces a significant energy imbalance and said the ministry is fully committed to ensuring the fuel supply needed to address this issue.

President: Gov’t will certainly stop fuel smuggling

SHANA (Tehran) – Iranian President Masoud Pezeshkian emphasized the government's commitment to combating daily fuel smuggling, calling it a significant waste of national wealth.