Shana

Summer gasoline demand in Iran surges to highest level in years

SHANA (Tehran) – Iran’s gasoline consumption hit a record high this summer, totaling about 12.5 billion liters, with an average daily use of 134.3 million liters, according to the National Iranian Oil Products Distribution Company.

Iran sets new power plant gas consumption record at 27 bcm

SHANA (Tehran) – Power plants in Iran consumed more than 27 billion cubic meters of natural gas during the summer months, setting a new record in fuel supply.

Mobile desalting unit lifts production limits at Cheshmeh-Khosh field

SHANA (Tehran) — The launch of a mobile desalting unit at the Cheshmeh-Khosh oil field has removed production restrictions and marked a major step in cooperation with the National Iranian Oil Company, according to the head of ZN Vostok.

NIOC focuses on boosting output, capturing associated gas

SHANA (Tehran) — The National Iranian Oil Company is centering its plans on boosting production and capturing associated gas despite external pressures and sanctions, the company’s chief said Wednesday.

Oil minister:

Snapback mechanism won’t create new restrictions on oil sales

SHANA (Tehran) – Iran’s oil minister said Wednesday that the snapback mechanism would not create new obstacles to crude oil sales, stressing that the government has plans in place should challenges arise.

Iran boosts oil production by 14,000 barrels a day

SHANA (Tehran) — Iran has increased output at the Cheshmeh-Khosh oil field by 14,000 barrels a day after launching a mobile desalting unit, raising total daily production to 114,000 barrels, the head of the Petroleum Engineering and Development Company (PEDEC) said Wednesday.

Iran to finance fleet renewal with diesel savings bonds on energy exchange

SHANA (Tehran) – The head of the National Iranian Oil Products Distribution Company said diesel savings bonds will be offered on the Iran Energy Exchange to help fund the replacement of the country’s aging transportation fleet.

Petchem industry plays strategic role in Iran’s economy, currency supply

SHANA (Tehran) — Iran’s petrochemical sector remains competitive despite sanctions and provides nearly half of the country’s foreign currency needs and about 25% of non-oil exports, a senior official said Tuesday.

Iran refineries moving toward solar power

SHANA (Tehran) – Iranian refineries are expanding efforts to conserve water and energy by building wastewater treatment plants and investing in solar power generation, a senior oil official said.

Gov’t spox: Fuel reserves improved

SHANA (Tehran) — Iran’s government spokesperson said Tuesday that the country’s fuel reserves have improved compared with last year, despite being about 40% to 45% lower at the start of September 2024.

EOGPC ready to produce 65 mcm of gas in winter

SHANA (Tehran) – The caretaker of East Oil and Gas Production Company (EOGPC), a subsidiary of Iranian Central Oil Fields Company (ICOFC) announced the company’s full readiness to produce gas during the cold season, saying this winter’s assigned program is to produce 65 million cubic meters of gas per day from northeastern fields to help meet the needs of the northeast and northern regions of the country.

Iran’s weekly gas consumption tops 4.4 bcm

SHANA (Tehran) — Gas consumption in Iran’s power plants, major industries, and households exceeded 4.4 billion cubic meters during the fourth week of Shahrivar (Sept. 13–Sept. 19), according to official data.

Sustainable petchem production tied to stronger state-industry coop

SHANA (Tehran) – The head of Iran’s National Petrochemical Company stressed the need for cooperation between the state and petrochemical companies to ensure sustainable production, saying that the new Commission for Arbitration Development in the industry could help strengthen alignment among sector players.

NIOC says oil sales continue through diverse methods

SHANA (Tehran) – Iran continues to sell and export oil through a range of methods in line with national policies, the managing director of the National Iranian Oil Company said, rejecting speculation about changes in the country’s sales strategy.

Ensuring stable gas production with the new pipeline of SP Phase 16

SHANA (Tehran) – The project manager of the new pipeline for South Pars Phase 16 at the Iranian Offshore Engineering and Construction Company outlined the details of the offshore and onshore pipeline project, saying that the initiative has secured stable gas production from the platform.

The Recent OPEC+ Decision on Oil Production: Implications for Global Market Stability

SHANA (Tehran) - OPEC+, a key coalition of oil producers, has been instrumental in maintaining global oil market stability. In April and November 2023, eight members include, Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, voluntarily cut production by 2.2 million barrels per day (bpd) to counter demand fluctuations. As economic conditions improved and oil inventories declined, the group decided in December 2024 to gradually restore these cuts starting April 2025.

Comprehensive telecommunications plan launched in West Karoun

SHANA (Tehran) – The official overseeing construction of the West Karoun power plant and related facilities said oil processing centers in the region’s fields will be connected to an integrated, high-capacity telecommunications network.

Petrochemical industry focused on stable feedstock supply

SHANA (Tehran) – The National Petrochemical Company’s production control director said Iran’s petrochemical output in 1404 has remained defensible despite a 12-day war, with field development, flare gas recovery and investments in gas-saving projects identified as key strategies to secure stable feedstock.

Gas network completion leads to enhanced transmission resilience

SHANA (Tehran) – The completion of a series of pipeline projects, pressure booster stations and storage plans during the 14th administration has played a fundamental role in completing the country's gas transmission rings, enhancing national energy security and fostering economic development in various regions, said the CEO of Iran Gas Engineering and Development Company (IGEDC).

Second development well completed at Yadavaran oil field

SHANA (Tehran) – The National Iranian Drilling Company announced the completion of drilling operations on the second development well at the Yadavaran joint oil field, part of a six-well project.

Iran, Russia set to deepen economic ties before 19th Joint Commission

SHANA (Tehran) — Iran’s oil minister said Wednesday that the country is pursuing the outcomes of the 18th Iran-Russia Joint Economic Cooperation Commission and preparing to host the 19th session in Iran.

Iran’s 74% reliance on gas sparks energy diversification warning

SHANA (Tehran) – Iran’s reliance on natural gas for about 73% to 74% of its energy mix is unprecedented worldwide and poses long-term risks, the head of the National Iranian Gas Company said.

Power plants lead gas consumption, setting daily record of 329 mcm

SHANA (Tehran) – Natural gas consumption across three main sectors — power plants, major industries, and households, businesses and small industries — reached about 4.49 billion cubic meters in the third week of September, with power plants recording a new daily peak of 329 million cubic meters on Sept. 9.

South Pars refineries ready for winter, official says

SHANA (Tehran) – The National Iranian Gas Co. is accelerating strategic projects and boosting efficiency at South Pars refineries to ensure stable gas production during the cold season, a senior official said.

Petchem industry saves 1.7 bcm of gas through efficiency measures

SHANA (Tehran) – The energy optimization director of the National Petrochemical Company announced that 1.7 billion cubic meters of gas have been saved over the past four years through efficiency projects.

Transparency, public awareness key to tackling energy imbalances

SHANA (Tehran) – The social adviser to the president said addressing the country’s energy imbalance requires transparency, open dialogue with the public, and cultural awareness, warning that without social reforms, imports and investments will be ineffective.

NIGC chief calls for industry standards to curb ‘virtual gas exports’

SHANA (Tehran) –National Iranian Gas Company CEO Saeid Tavakoli said standardizing industries is essential to prevent so-called virtual gas exports.

Power plants, industries among top energy consumers; efficient use essential

SHANA (Tehran) – Masoumeh Aqapour, an adviser to the president, said Monday that energy efficiency should not be limited to the final stage of consumption but must cover the entire production chain, particularly power plants and major industries, which are the largest energy consumers.

Boosting power plant efficiency, fuel diversity seen as key to narrowing Iran’s energy imbalance

SHANA (Tehran) — Increasing efficiency at power plants, diversifying fuel use and adopting high-efficiency equipment in industry are crucial to reducing Iran’s energy imbalance, the head of the National Iranian Gas Company said Monday.