Shana

Refining, distribution sector pioneers AI-based projects

SHANA (Tehran) – The head of IT at the National Iranian Oil Refining and Distribution Company (NIORDC) highlighted the growing role of artificial intelligence (AI) in the oil and gas industry, stating it is poised to transform all facets of the sector.

Veep: State-run bodies should halve energy consumption

SHANA (Tehran) – The first vice president announced the government’s commitment to addressing imbalances, stating that energy consumption by government entities must be reduced by 50%. 

China’s oil consumption peaked in 2023, CNPC says

SHANA (Tehran) – China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday.

US net crude oil imports to fall by 20% in 2025 to lowest since 1971, EIA says

SHANA (Tehran) – US net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said, pointing to higher US production and lower refinery demand.

60 mcm of gas saving through participation in ‘2 Degrees Less’ campaign

SHANA (Tehran) – Iran’s minister of oil urged citizens to lower their home and business heating temperatures by 2 degrees, stating that this could save 50 to 60 million cubic meters (mcm) of gas, helping prevent pressure drops in the far reaches of the gas network.

Oil minister visits National Gas Dispatch Center as cold weather approaches

SHANA (Tehran) – Oil Minister Mohsen Paknejad visited the National Gas Dispatch Center on Saturday to assess the current state of gas supply across the country as a new cold front hit Iran.

President stresses balanced focus between energy production, household consumption

SHANA (Tehran) – The president stressed the importance of simultaneously addressing both energy production and household consumption while managing energy imbalances and air pollution in major cities.

Deputy oil minister:

'Optimizing consumption', 'Investing in production' key measures to addressing energy shortages

SHANA (Tehran) - The managing director of the National Iranian Gas Company outlined strategies for addressing energy shortages, emphasizing the dual focus on optimizing consumption and increasing production through investment.

Senior officials call on public to join ‘2 degrees less’ energy-saving campaign

SHANA (Tehran) –Top Iranian officials highlighted the importance of public participation in optimizing energy consumption and called for nationwide involvement in the "2 degrees less" campaign.

Oil minister calls on citizens to join campaign to reduce heating temperatures by two degrees

SHANA (Tehran) – The oil minister underlined the importance of public participation in the "Reduce heating system temperatures by 2 degrees" campaign, saying he believes the current challenges can be overcome with public cooperation and without significant disruptions. 

Oil Ministry reports increased fuel deliveries to power stations

SHANA (Tehran) – Despite colder weather and increased residential gas consumption, the amount of equivalent fuel supplied to power stations has risen, statistics from the Ministry of Oil indicate.

NIOPDC:

Fuel delivery to power plants increases by 4b liters, up over 40%

SHANA (Tehran) – The CEO of Iran’s National Iranian Oil Products Distribution Company (NIOPDC) announced a 43% increase in the delivery of liquid fuel to power plants compared to last year.

President urges citizens to help maintain nationwide fuel supply

SHANA (Tehran) – Iranian president on Thursday evening called on the public to conserve gas, emphasizing that collective efforts are needed to ensure the uninterrupted supply of fuel across the country.

IEA expects comfortably supplied oil market in 2025 despite demand hike

SHANA (Tehran) – The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on Thursday, even after producer group OPEC+ extended oil supply cuts and a slightly higher than expected demand forecast.

National gas authority calls for nationwide conservation amid cold weather

SHANA (Tehran) – The director of the National Gas Distribution Network has urged all gas consumers, particularly in northern, central, and northeastern provinces, to conserve gas as temperatures are expected to drop significantly in the coming week. 

Oil edges lower on IEA surplus forecast

SHANA (Tehran) – Oil prices were down more than 1% on Thursday as a forecast for ample supply in the oil market offset optimism stemming from growing expectations of a US interest rate cut.

Iran’s oil output rises by 37,000 bpd in November, OPEC reports 

SHANA (Tehran) – Iran’s crude oil production increased by 37,000 barrels per day (bpd) in November compared to the previous month, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC). 

Deputy oil minister urges public to lower indoor temperatures by two degrees

SHANA (Tehran) – The CEO of the National Iranian Gas Company called on the public to reduce indoor temperatures by two degrees Celsius, a measure that could save an amount of gas equivalent to the output of two phases of the South Pars gas field.

Gas service cut off to 53,000 seasonal residences 

SHANA (Tehran) – The director of gas supply coordination at the National Iranian Gas Company announced on Thursday that gas service to over 53,000 seasonal residences has been cut off over the past three days by order of the president.

NIGC: Gas supply to vacant villas to be cut off

SHANA (Tehran) - The managing director of the National Iranian Gas Company (NIGC) announced that disconnecting gas supply to unoccupied villas is now being implemented to ensure stable gas delivery to regular consumers.

Government spox: 

Domestically-produced gasoline meets Euro 4 standards

SHANA(Tehran) - The government spokesperson addressed recent reports regarding the quality of domestically produced gasoline, stating that it meets Euro 4 standards. 

President: Reducing temp. by two degrees can save 50 mcm of gas

SHANA (Tehran) - President Masoud Pezeshkian said that lowering the temperature by just two degrees could save up to 50 million cubic meters of gas.

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. 

Over 95% of equipment indigenized for Shazand Oil Refinery

SHANA (Tehran) – The managing director of the Shazand Oil Refinery announced that over 95% of the parts and equipment required for the refinery have been localized, expressing hope that, with continued collaboration with domestic manufacturers and producers, this figure could reach 100% by the end of the year.

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.

Speaking at 189th OPEC Meeting

Paknejad: OPEC continues cooperation with non-OPEC partners

SHANA (Tehran) – Iranian Oil Minister said OPEC continues cooperation with non-OPEC partners.

OPEC re-elects Secretary General al-Ghais for second term

SHANA (Tehran) – The Organization of the Petroleum Exporting Countries re-elected current secretary general Haitham al-Ghais for a second three-year term at a virtual meeting today.

Iranian gas refineries on high alert for stable production: NIGC

SHANA (Tehran) – The director of coordination and production supervision at the National Iranian Gas Company (NIGC) announced that the country’s gas refineries are fully prepared as temperatures drop nationwide and an intense cold front is expected to hit next week.