Shana

NPC:

Over $9b from petchem exports returned to national economy

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that the total exports of the petrochemical industry over the past 11 months amounted to approximately $12 billion, of which $9.14 billion reinjected into the country’s economic cycle.

Iranian crude oil OSP for March announced by NIOC

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.

Residential sector gas consumption remains at peak; 675 mcm used

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) reported that 78% of the total gas supplied to the national grid was consumed by the residential, commercial, and small industrial sectors as temperatures dropped. On Sunday, 675 million cubic meters (mcm) of gas were consumed in these sectors.

ICOFC completes drilling of gas well No. 79 completed in Khangiran field

SHANA (Tehran) – The drilling of development well No. 79 in the Khangiran gas field, located in Khorasan Razavi Province, has been successfully completed by the technical management team of Iranian Central Oil Fields Company (ICOFC).

Necessity of root cause analysis in energy imbalance highlighted

SHANA (Tehran) – The deputy minister of oil emphasized the need for a root cause analysis of energy imbalance, stating that identifying and evaluating problems and challenges is essential to defining practical solutions, which can be achieved through the right strategy.

Bandar Imam Petrochemical Company exports grow by 44%

SHANA (Tehran) – Bandar Imam Petrochemical Company (BIPC) has broken its six-year export record in the first 11 months of this year (March 20, 2024-February 18, 2025).

Siri Island: Iran’s oil hub in Persian Gulf

SHANA (Tehran) – Siri Island, also known as Raz Island, is Iran’s southernmost island and the last piece of Iranian territory in the heart of the Persian Gulf. It is the country’s most oil-rich island, where oil is extracted and exported from five fields: Nosrat, Esfand, Sivand, Dena, and Alvand.

NIOPDC takes steps to utilize artificial intelligence

SHANA (Tehran) – The National Iranian Oil Products Distribution Company (NIOPDC) signed two memorandums of understanding (MoUs) with knowledge-based companies to optimize processes, combat fuel smuggling, and address imbalances using artificial intelligence (AI).

Over 6 bcm of natural gas delivered to national grid in seven days

SHANA (Tehran) – During the week to February 28, 6.048 billion cubic meters (bcm) of natural gas were produced and delivered to the national grid.

Development cannot be sustainable without environmental benefits: NIGC

SHANA (Tehran) – Saeid Tavakoli, CEO of the National Iranian Gas Company (NIGC), stated that achieving sustainable development and progress is impossible without considering environmental benefits.

President highlights efforts to address imbalances

SHANA (Tehran) – The president stated that upon taking office, the administration faced significant imbalances in various sectors, including water, electricity, and gas. He emphasized that blaming one another will not solve the problem.

New downstream petchem projects to be introduced

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that several new projects aimed at developing downstream petrochemical industries will soon be introduced across the country. These projects will take into account regional planning, existing infrastructure, and the availability of feedstock and water resources for investment.

Residential sector consumes 660 mcm of gas

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 660 million cubic meters (mcm) of gas were consumed by the residential, commercial, and small-scale industrial sectors yesterday.

Bid Boland Gas Refinery takes steps to reduce gas flaring

SHANA (Tehran) – The Bid Boland Gas Refinery has implemented an acid gas collection project aimed at addressing energy imbalances, reducing greenhouse gas emissions, and preventing pollutants from entering the environment.

Specialized workforce strengthening crucial in exploration sector

SHANA (Tehran) – The director of oil and gas production supervision at the National Iranian Oil Company (NIOC) emphasized the importance of maintaining and strengthening a specialized workforce in the exploration sector, describing it as the first link in the oil industry’s value chain.

Over 660m liters of power plant fuel delivered in one week

SHANA (Tehran) – Recent statistics show that during the past week (Feb. 22-28), amid an unprecedented drop in temperatures across the country, a record-breaking 660.236 million liters of liquid fuel for power plants were delivered. This marks an increase of approximately 44% compared to the same period last year.

75% of natural gas consumption in residential sector

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 75% of the total natural gas delivered to the national grid is consumed by the residential, commercial, and small industrial sectors.

Aref: Gasoline production costs 50 cents per liter

SHANA (Tehran) – The First Vice President stated that the production cost of each liter of gasoline for the government is 50 cents, but it is sold at a rate of 1,500 tomans.

SCI: Iran’s GDP grows 3.1% in nine months, fueled by oil sector

TEHRAN, Iran – According to the latest quarterly national accounts released by the Statistical Center of Iran, the country’s gross domestic product (GDP) at constant 1400 prices grew by 3.1% year-over-year in the first nine months of the Iranian calendar year 1403 (March 20–December 20, 2024), including oil. Excluding oil, GDP grew by 2.2% during the same period.

Preparations complete for Nowruz fuel supply in Northern Iran

SHANA (Tehran) – The director of the North Region of Iran Oil Pipelines and Telecommunications Company (IOPTC) stated that the oil transportation sector is fully prepared to supply fuel for the Nowruz holidays in Mazandaran and Golestan provinces.

866 mcm of natural gas delivered to national grid

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced the production and delivery of 866 million cubic meters (mcm) of natural gas to the national grid.

Monitoring system unveiled to boost production at five oil fields

SHANA (Tehran) – A new monitoring system aimed at advancing development projects and increasing production at the Aban, Paydar Gharb, Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields was unveiled Wednesday.

Working under sanctions is challenging, but solutions exist: PGPIC

SHANA (Tehran) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) emphasized the implementation of new plans to sustain the country's economic momentum, stating that serious solutions for financing must be found even under sanctions. While sanctions bring difficulties, it cannot be said that there are no solutions.

President urges modification of consumption patterns for gas, gasoline, diesel, electricity

SHANA (Tehran) – President Masoud Pezeshkian raised the question of whether the country’s consumption patterns for gas, gasoline, diesel, electricity, and other resources are appropriate.

Iran's household gas consumption exceeds 700 mcm

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced a historic record in gas consumption for the household, commercial, and small industrial sectors, reaching 703 million cubic meters (mcm) in 24 hours.

Record-breaking gas consumption in Tehran; calls for conservation

SHANA (Tehran) – The spokesperson for Tehran Province Gas Company reported on Thursday that gas consumption exceeded 126 million cubic meters (mcm) in the past 24 hours and urged the public to help ensure a stable gas supply by managing their usage.

New ruling issued in Crescent Petroleum case in favor of NIOC

SHANA (Tehran) – The Arbitration Tribunal dismissed Crescent Petroleum’s claim that the National Iranian Oil Company (NIOC) is liable to the UAE company for damages caused to third parties (companies contracted with Crescent Petroleum).

Shazand Oil Refinery maintains production levels

SHANA (Tehran) – The CEO of Shazand Oil Refinery stated that operational activities at the refinery’s units are continuing as normal, with no disruption to the production process or output of strategic products, including gasoline and other essential derivatives needed by the country.

SPGC maximizes efforts for public welfare amid severe cold

SHANA (Tehran) – The CEO of the South Pars Gas Complex (SPGC) announced that the facility is making every effort to ensure public welfare during the country’s severe cold weather.