Shana

Oil minister:

Public cooperation needed to stabilize gas network

SHANA (Tehran) – The Iranian minister of oil outlined key decisions from the 189th (Ordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC), emphasizing the importance of public cooperation for stabilizing the gas network. 

Gas consumption in residential sector expected to reach 650 mcm

SHANA (Tehran) – The director of the National Gas Network Operations Control Center announced that with the arrival of new cold fronts, daily gas consumption in the residential, commercial, and small industrial sectors hit a record high of 600 million cubic meters on December 9.

189th Meeting of OPEC Conference concludes

SHANA (Tehran) – The 189th (Ordinary) Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) convened today, December 10, 2024, under the Chairmanship of its President, Marcel Abeke, Minister of Petroleum of the Gabonese Republic and Head of its Delegation.

Diesel production sets record high

SHANA (Tehran) – The country’s average diesel production in the first 17 days of the ninth month of Iranian calendar reached 124 million liters per day, marking an increase of 13 million liters compared to the daily average during the first five months of this year (13th administration).

NIDC reports over 980 specialized drilling operations in eight months

SHANA (Tehran) – The Director of Special Drilling Services at the National Iranian Drilling Company (NIDC) announced the completion of 981 specialized drilling operations during the first eight months of the current Iranian year (March 20-November 20).

Gov’t spokesperson: Gasoline price hike not on agenda despite supply imbalance

SHANA (Tehran) – The government spokesperson said that while the imbalance in gasoline supply is a reality, there are no plans to increase gasoline prices.

Pezeshkian calls for reforming energy consumption to become shared responsibility

SHANA (Tehran) – President Massoud Pezeshkian said excessive consumption of gas and electricity puts a lot of pressure on the supply network, warning that “If we do not conserve, we may be forced to cut off gas supplies in winter.”

Gas supply to vacant villas to be cut to ensure network stability

SHANA (Tehran) – The National Gas Control Center announced plans to disconnect gas services to vacant villas and garden properties in northern and colder regions of the country, starting Monday.

Gov’t spox:

Quick fixes no longer address structural energy shortages

SHANA (Tehran) – The government spokesperson said that the current structural energy shortages are not limited to the three years of late president Ebrahim Raisi’s administration or the eight years under president Hassan Rouhani.

Bandar Imam Petrochemical Company breaks eight-year record for feedstock intake

SHANA (Tehran) – Bandar Imam Petrochemical Company (BIPC) set an unprecedented record for daily feedstock intake during the cold season over the past eight years, receiving more than 82,000 barrels of NGL feedstock daily.

NIGC: Residential sector consumption makes up 70% of gas supplied to network

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 70% of the gas delivered to the national network on Sunday was consumed by the residential, commercial, and small industrial sectors, marking a 25% increase compared to the same period last year. 

Second meeting on energy shortages held at Oil Ministry

SHANA (Tehran) – The second meeting on addressing and managing energy disequilibrium was hosted by the Ministry of Oil, with the participation of vice presidents and several ministers involved in economy.

GECF’s role in boosting natural gas in global market

SHANA (Tehran) – The Gas Exporting Countries Forum (GECF) plays a crucial role in enhancing international relations between producers and consumers, fostering constructive cooperation, and increasing the prominence of natural gas in the global energy market, according to the president of the 26th GECF Ministerial Meeting. 

Three resolutions, one statement approved at GECF Ministerial Meeting

SHANA (Tehran) – The deputy minister of international affairs and commerce at the Ministry of Oil announced that three resolutions as well as a statement were approved at the 26th Ministerial Meeting of the Gas Exporting Countries Forum (GECF).

Ministerial Statement of 26th Ministerial Meeting of GECF

GECF highlights pivotal role of gas in advancing UN Sustainable Development Goals

SHANA (Tehran) – The member states of the Gas Exporting Countries Forum (GECF) highlighted the pivotal role of natural gas in advancing the United Nations Sustainable Development Goals.

Iran’s OPEC governor highlights GECF's growing share in global energy

SHANA (Tehran) - Iran’s representative on the OPEC Board of Governors emphasized the increasing role of the Gas Exporting Countries Forum (GECF) in the global energy mix, forecasting a bright future for natural gas.  

GECF members condemn Israeli hostile actions against Iran: Deputy minister 

SHANA (Tehran) - The Deputy Minister for International Affairs and Commerce at Iran’s Ministry of Oil announced that all members of the Gas Exporting Countries Forum (GECF) condemned Israel's hostile actions against the Islamic Republic of Iran.

Minister:

Iran boosting oil production capacity regardless of US political future

SHANA (Tehran) - Iran's Oil Minister said increasing the country's oil production capacity has no connection to potential restrictions or their increase, adding that boosting production capacity is a priority for the Ministry of Petroleum under the 14th administration.

GECF Secretary-General remarks at 26th Ministerial Meeting in Tehran:

Gas consumption expected to increase by 34% by 2050

SHANA (Tehran) - Mohamed Hamel, Secretary General of the Gas Exporting Countries Forum (GECF), speaking at the 26th Ministerial Meeting in Tehran on Sunday highlighted the organization’s growth and future goals.

GECF delegates visit Research Institute of Petroleum Industry

SHANA (Tehran) - Delegates from the ministerial meeting of the Gas Exporting Countries Forum (GECF) visited the scientific centers and laboratories of the Research Institute of Petroleum Industry (RIPI). 

GECF Secretary-General:

Ensuring gas supply security requires adequate investment

SHANA (Tehran) - The Secretary General of the Gas Exporting Countries Forum (GECF), Mohamed Hamel, said that supply and demand security are two sides of the same coin, noting that ensuring supply security relies on timely and sufficient investment.

GECF experts discuss gas markets in Tehran

SHANA (Tehran) - The Secretariat of the Gas Exporting Countries Forum (GECF) held three specialized workshops on the sidelines of the 26th GECF Ministerial Meeting in Tehran.

Deputy minister:

GECF meeting represents opportunity to deepen understandings

SHANA (Tehran) - Ali-Mohammad Mousavi, Deputy Minister for Trade and International Affairs said on Saturday that GECF meeting represents opportunity to deepen understandings.

Need to enhance synergy among GECF members

SHANA (Tehran) - Minister of Oil Mohsen Paknejad highlighted the importance of strengthening collaboration among member states of the Gas Exporting Countries Forum (GECF) ahead of the group’s 26th ministerial meeting. 

Paknejad:

Attendance of GECF ministers in Tehran reflects Iran's stability

SHANA (Tehran) - The minister of oil said that the presence of energy and oil ministers from the Gas Exporting Countries Forum (GECF) in Tehran highlights Iran's resilience, stability, and high level of security under current conditions. 

189th OPEC Conference to take place on Tuesday

SHANA (Tehran) - The 189th (Ordinary) Meeting of the OPEC Conference will take place on Tuesday, 10 December 2024, via videoconference, under the presidency of HE Marcel Abeke, Minister of Petroleum, and President of the Conference for 2024.

Virtual meeting held on sidelines of 38th OPEC+ Meeting

SHANA (Tehran) - OPEC plus countries Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, which previously announced additional voluntary adjustments in April 2023 and November 2023 held a virtual meeting on the sideline of the 38th  OPEC and non-OPEC Ministerial Meeting (ONOMM).

38th OPEC+ Ministerial Meeting Concludes

SHANA (Tehran) - In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, and to provide long-term guidance and transparency for the market, and in line with the approach of being precautious, proactive, and pre-emptive, which has been consistently adopted by OPEC and non-OPEC Participating Countries in the Declaration of Cooperation, the Participating Countries decided to: