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Direct energy credits seen as way to eliminate rent-seeking
SHANA (Tehran) – President Masoud Pezeshkian said the government’s reforms to gasoline and diesel pricing aim to eliminate rent-seeking and capital flight by depositing energy credits directly and fairly into people’s bank accounts.
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Oil market under the shadow of a quota war, not geopolitics
SHANA (Tehran) - An energy analyst says the main risk facing the oil market is no longer geopolitical crises but internal tensions within OPEC-plus and a potential battle over production quotas. While political crises have had an impact, he said, the structure of the market has prevented a sharp price surge.
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Parliament committee reviews oil provisions in upcoming budget
SHANA (Tehran) – The spokesperson for the Parliament’s Energy Committee announced that the oil portion of next year’s budget bill was reviewed by the commission and stated: The amount of oil sales in the 1405 budget is roughly similar to this year.
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Household sector gas consumption tops 4.5 bcm
SHANA (Tehran) – Gas consumption in the household, commercial, and small-scale industrial sectors from Dec. 27, 2025, to Jan. 2, 2026, amid continued cold weather, reached 4 billion 563 million cubic meters.
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Drilling fleet expansion in South Pars joint field
SHANA (Tehran) – The CEO of Pars Oil and Gas Company announced a more than doubling of the drilling rigs operating in the South Pars joint field, stating: "With the expansion of the drilling fleet and the increase in rigs to 10, the process of boosting the country's gas extraction capacity has been significantly strengthened."
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117 mcm of natural gas injected into power stations
SHANA (Tehran) - The CEO of the National Iranian Gas Company, citing coordinated and optimal performance across the gas production and refining chain, announced the injection of 117 million cubic meters of natural gas into the country's power plants.
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Iran increases gas production, processing capacity
SHANA (Tehran) – Iran’s oil minister said the country’s gas production and processing capacity is rising as damaged facilities gradually return to operation.
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Oil minister visits Kangan petro-refinery facilities
SHANA (Tehran) – During a one-day trip to Asaluyeh, Oil Minister Mohsen Paknejad visited the Kangan Petro-Refinery following stops at South Pars Phase 13 platform, Fajr Jam refinery, and South Pars Phase 14 refinery.
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Fight against fuel smuggling must start at the source, president says
SHANA (Tehran) – President Masoud Pezeshkian said designing and implementing a coherent system to monitor the fuel supply chain is the most effective way to manage consumption and prevent smuggling. He emphasized that priority should be given to targeting those within the system who facilitate the diversion of fuel from official channels.
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Adequate, stable liquid fuel supplied to power plants
SHANA (Tehran) – Oil Minister Mohsen Paknejad said adequate and stable volumes of liquid fuel have been supplied to power plants to ensure uninterrupted electricity for consumers, while gas deliveries to the plants have also increased.
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Fajr Jam damaged unit returns to service during peak gas demand
SHANA (Tehran) –Oil Minister called the rapid restoration of a damaged unit at Fajr Jam Gas Refinery a key example of reliance on domestic expertise.
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Fuel supply for power plants in good condition
SHANA (Tehran) – The head of Iran’s parliamentary Energy Committee said the country’s liquid fuel reserves for power plants are in good shape this year, following challenges in November and December last year.
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South Pars gas output reaches 725 mcm per day
SHANA (Tehran) – Iran’s oil minister said natural gas production at the South Pars field has hit a new record of about 725 million cubic meters per day, praising the efforts of operational staff working in difficult conditions.
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Damaged Fajr Jam unit returns to production
SHANA (Tehran) – The second train of the sweetening unit at the Fajr Jam Gas Refining Company, which was damaged during the 12-day war, has returned to production in the presence of Oil Minister Mohsen Paknejad.
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Gas consumption hits 655 mcm in household, commercial sectors
SHANA (Tehran) – Natural gas consumption in Iran’s household, commercial and small industrial sectors reached 655 million cubic meters on Sunday as cold weather persisted, according to the National Iranian Gas Company.
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Iran oil minister visits Assaluyeh
SHANA (Tehran) – Iran’s oil minister traveled to Assaluyeh on Monday, accompanied by senior oil industry officials, to inspect projects in the Pars Special Energy Economic Zone.
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OPEC+ producers reaffirm commitment to market stability, maintain voluntary output curbs
SHANA (Tehran) – The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on January 4, 2026, to review global market conditions and outlook.
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Stable gas output at South Pars Phase 12 refinery
SHANA (Tehran) – The head of the South Pars Phase 12 refinery said stable and maximum gas production during the cold season remains the top priority, noting that the refinery has set new production records by relying on domestic expertise, fully supporting Iranian manufacturers and strictly observing health, safety and environmental (HSE) standards.
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Oil Ministry steps up drive to end gas flaring
SHANA (Tehran) – For decades, flaring associated gas at oil fields has been an economic and environmental challenge for Iran, symbolizing the waste of national resources. Now, the Oil Ministry says it is moving decisively to halt the practice, posting a sharp increase in flare-gas collection under a coordinated national program. Official figures show a 460% rise in performance in this area.
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Household gas use hits 621 mcm
SHANA (Tehran) – Gas consumption in the household, commercial and small industrial sectors reached 621 million cubic meters on Saturday, as cold weather persisted.
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Uncertainty in US policy biggest challenge for oil market in 2026
SHANA (Tehran) – The former head of international affairs at the National Iranian Oil Company said the global oil market in 2026 will be shaped more than anything else by uncertainty over US tariff policies and the responses of Washington’s trading partners — a factor that could keep global oil demand under pressure and prevent a sharp rise in prices.
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Household gas consumption tops 620 mcm
SHANA (Tehran) – Natural gas consumption in the household, commercial and small industrial sectors reached 621 million cubic meters on Jan. 2, accounting for 72% of the total gas delivered to Iran’s national network.
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New GECF secretary-general takes office
SHANA (Tehran) – Philip Mshelbila of Nigeria officially assumed his duties as secretary-general of the Gas Exporting Countries Forum on Jan. 1, succeeding Algeria’s Mohamed Hamel, who completed his four-year term.
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Daily household gas consumption hits 656 mcm
SHANA (Tehran) – Household, commercial and small industrial gas consumption reached 656 million cubic meters on Thursday, accounting for 75% of total gas delivered to Iran’s national grid, the National Iranian Gas Company said.
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Supporting domestic manufacturers is a national strategy
SHANA (Tehran) – The commercial manager of the South Pars Gas Complex said supporting domestic manufacturers is a national strategy and a top priority for the complex, noting that 95% of the goods and equipment required by South Pars’ 13 refineries were sourced domestically in the first nine months of the current year.
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Gas consumption in Tehran hits record high of over 111 mcm
SHANA (Tehran) – Tehran’s gas consumption has surged to an unprecedented level amid a sharp drop in temperatures, the spokesperson for Tehran Province Gas Company said.
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Fajr Jam Gas Refining Company ready to ensure stable gas supply in winter
SHANA (Tehran) – The operations manager of Fajr Jam Gas Refining Company said the company is fully prepared to operate at maximum capacity during the cold season, stressing that stable gas production in line with its commitments is a top priority and that all safety, health and environmental (HSE) requirements are being fully observed.
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No stalled receivables from oil exports
SHANA (Tehran) – The financial director of the National Iranian Oil Company denied reports that $8 billion in revenue from crude oil and gas condensate exports has not been collected, saying there are currently no stalled receivables.
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NIGC says national gas network stable; calls for efficient consumption
SHANA (Tehran) – The head of the National Iranian Gas Company said the country’s gas network remains stable, adding that gas consumption by the household, commercial and small industrial sectors is forecast at about 685 million cubic meters on Wednesday, the coldest day of the year.
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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.