Shana

Capital barriers eased to accelerate development of joint oil fields

SHANA (Tehran) – Oil Minister Mohsen Paknejad said plans are underway to speed up the development of Iran’s joint oil fields, noting that progress will accelerate once financing bottlenecks are resolved.

Iran, Japan discuss expanding environmental cooperation in oil sector

SHANA (Tehran) – Alireza Nojoumi, head of HSE, passive defense, and crisis management at the National Iranian Oil Company (NIOC), met with the director of the Middle East Department at Japan’s Ministry of Economy, Trade and Industry (METI) to explore ways to enhance cooperation on environmental issues.

Petroleum University of Technology charts new course in energy education

SHANA (Tehran) – The Petroleum University of Technology is on track to reclaim its position as Iran’s leading institution for petroleum education through a series of transformative programs, according to the deputy oil minister for engineering, research, and technology.

168% growth in vehicle conversion to natural gas systems

SHANA (Tehran) – The head of the National Iranian Oil Refining and Distribution Company (NIORDC) said the project to convert gasoline vehicles to dual-fuel systems has gained momentum after a two-year pause, reporting a 168% increase in conversions during the first seven months of this year compared with the same period last year.

Finance minister: No signal of decline in oil revenues

SHANA (Tehran) – The Minister of Economic Affairs and Finance said he has not received any signal of a decline in oil sales, and that these revenues are part of the country's budgetary income.

Vice president: Subsidized gasoline prices will remain unchanged

SHANA (Tehran) – Iran’s vice president for executive affairs and chief of staff said Wednesday that subsidized gasoline prices of 15,000 and 30,000 rials per liter will remain unchanged, emphasizing that the real cost of gasoline for the government is 340,000 rials per liter.

Gas extraction capacity increases at South Pars Phase 14

SHANA (Tehran) – The CEO of Pars Oil and Gas Company announced the completion of drilling and operation of two wells at South Pars Phase 14, stating that the launch of these wells has increased the phase's rich gas extraction capacity by approximately 4 million cubic meters per day.

Gov’t, private sector, academia urged to unite for gas industry growth

SHANA (Tehran) – The managing director of the National Iranian Gas Company (NIGC) said service companies could become an effective arm of the gas industry in advancing energy justice, reducing consumption, and protecting the environment — provided that cooperation among the government, the private sector, and universities continues.

Well safety operations completed at South Pars Platform 16

SHANA (Tehran) – The well maintenance supervisor of the South Pars joint field announced that the installation of secondary downhole safety valves on Platform SPD16 has been successfully completed. The operation, which began on October 5, concluded two weeks later on October 18 after intensive offshore work in the Persian Gulf.

Fajr Jam Gas Refinery takes steady steps toward greater efficiency

SHANA (Tehran) – The operations manager of Fajr Jam Gas Refining Company said the refinery continues to implement corrective programs and optimization projects across production processes. Despite being nearly 40 years old, these ongoing measures have improved the refinery’s overall efficiency while reducing energy consumption.

Gov’t spox: No decision made to raise gasoline prices

SHANA (Tehran) – Government spokesperson Fatemeh Mohajerani said Tuesday that no decision has been made to change gasoline prices, whether rationed (15,000 rials per liter) or non-rationed (30,000 rials per liter), emphasizing that “rationed gasoline will continue to be sold at current rates.”

Household gas consumption surpasses power plants as temperatures drop

SHANA (Tehran) – Data from the first week of Aban (October 25–31) show a shift in Iran’s gas consumption pattern as colder weather sets in, with household and commercial use surpassing that of power plants.

Crowdfunding to be launched in Iran’s oil industry

SHANA (Tehran) – PetroCrowd, the first crowdfunding platform dedicated to Iran’s oil industry, will be launched officially with the introduction of two investment projects involving new technology-based firms (NTBFs).

President:

Efficient energy use key to stability in gas, power networks

SHANA (Tehran) – President Masoud Pezeshkian said that if everyone across the country optimizes their energy use and considers others’ needs, Iran will not face water, electricity, or gas outages and will experience fewer tensions.

South Pars gas output rises by 25 mcm

SHANA (Tehran) – The CEO of Pars Oil and Gas Company announced that daily gas production from the South Pars joint field has reached 718 million cubic meters, marking a 25 million cubic meter increase over the past year. He added that output is expected to rise to 30 million cubic meters per day by the end of the year.

New gas tariff plan reviewed in Parliament’s Energy Committee

SHANA (Tehran) – The spokesperson for the Iranian Parliament’s Energy Committee announced that the committee has reviewed a report from the National Iranian Gas Company (NIGC) regarding a new natural gas pricing plan.

Gas supply to industries, power plants continues without restrictions

SHANA (Tehran) – The managing director of the National Iranian Gas Company said there are currently no restrictions on gas supply to industries and power plants, adding that the situation has improved in all aspects compared with last year.

Transparency, integration key pillars of digital transformation in gas industry

SHANA (Tehran) – The director of integrated planning at the National Iranian Gas Company (NIGC) said that data integration across organizations and transparent implementation of upstream regulations on data security and privacy are two key pillars of digital transformation in the gas industry.

New governance system at NIGC built on NTBFs

SHANA (Tehran) – The director of research and technology at the National Iranian Gas Company (NIGC) announced the implementation of a new governance system that leverages the capabilities of new technology-based firms (NTBFs) to meet the strategic needs of the gas industry.

Digital transformation vital for gas industry

38% of gas allocated to power plants

SHANA (Tehran) – The managing director of the National Iranian Gas Company (NIGC) stressed the importance of digital transformation, saying 39% of the nation’s gas supply went to industries last year, 38% to power plants, and less than 20% to the residential sector.

Deputy minister: Digital transformation a long-term journey for NIGC

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has begun its digital transformation journey, a long-term process described as a global “megatrend,” according to the deputy oil minister for engineering, research and technology.

99.8% reliability of Fajr Jam Refinery in supplying Iran’s gas

SHANA (Tehran) - The CEO of Fajr Jam Gas Refining Company, outlining the refinery’s strategic approach to overcoming the upcoming winter, said: “Fajr Jam’s main focus is not on increasing production, but on strengthening resilience, production stability, and maintaining reliability.” This key indicator—recorded at 99.8% performance—has made the refinery one of the most influential centers for sustaining the country’s energy flow.

Motorcycles consume over 11.1 trillion rials in gasoline in six months

SHANA (Tehran) – Motorcycles in Iran consumed an estimated 660.5 million liters of gasoline, worth about 1.113 trillion tomans, during the first half of the current Iranian year, according to data from the National Iranian Oil Products Distribution Company (NIOPDC).

Fourth-stage compressors commissioned at Azar oil field

SHANA (Tehran) – The project manager for the Azar Oil Field development said the field has taken a major step toward sustainable and efficient utilization of associated gas with the commissioning of fourth-stage compressors. This follows the readiness of the Cheshmeh-Khosh Gas and NGL 3100 plant to receive high-pressure gas beginning in late October.

MPs praise Oil Ministry’s success in gas flare collection

SHANA (Tehran) – Several members of Iran’s Parliament have praised the Oil Ministry’s efforts to curb gas flaring, saying the 14th administration has taken effective steps to reduce the waste of this national asset.

Gas storage up 16% in 1404

SHANA (Tehran) – The managing director of the National Iranian Gas Company (NIGC) announced a 16% increase in natural gas storage at the Sarajeh and Shurijeh underground reservoirs, adding that more than 3.15 billion cubic meters of gas have been delivered to power plants this year compared with the previous year.

Acceleration in gas flare recovery with 12 new contracts signed

SHANA (Tehran) – Oil Minister Mohsen Paknejad announced that gas flare recovery projects have accelerated following the president’s efforts, saying the signing of 12 new contracts will generate about $600 million in annual value for the country.

Iran to cut gas flaring by 295 mcf a day by March 2027

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad said the country will gradually reduce gas flaring by about 295 million cubic feet per day (mcf/d) by the end of the Iranian calendar year 1405 (March 2027), following the signing of 12 new contracts on Saturday.

Gov’t reviewing classification of petchem raw, semi-processed products

SHANA (Tehran) – The Iranian government is re-evaluating the list of petrochemical raw and semi-processed materials, the head of the National Petrochemical Company (NPC) said.

Fourth infill well in South Pars comes on stream

SHANA (Tehran) – The fourth infill well in the South Pars gas field has come on stream, increasing daily gas production from the shared field by 1.8 million cubic meters, according to the project manager of the South Pars infill drilling plan.