Shana

Shahid Tondguyan Petrochemical Company to gain self-sufficiency in catalyst production

SHANA (Tehran) – Shahid Tondguyan Petrochemical Company is preparing to celebrate its self-sufficiency and independence from foreign catalyst purchases following the signing of a memorandum of understanding (MoU) to produce two catalysts, cobalt acetate and manganese acetate.

Deputy minister urges more coordination between IGEDC, NIGC

SHANA (Tehran) – The deputy oil minister for gas affairs emphasized that the Iran Gas Engineering and Development Company (IGEDC) is integral to the broader operations of the National Iranian Gas Company (NIGC).

Petrofarhang Holding supports domestic production, prevents millions of euros in currency outflow

SHANA (Tehran) – The CEO of Petrofarhang Holding company emphasized support for domestic producers to strengthen the country’s industrial and economic system, stating that 30 specialized process equipment units were ordered for the first time by subsidiaries of the holding, preventing tens of millions of euros from leaving the country.

Record-breaking fuel loading achieved at Mahshahr oil depot: NIOPDC

SHANA (Tehran) – The operations manager of the National Iranian Oil Products Distribution Company (NIOPDC) announced a record daily loading of over 37 million liters of petroleum products at the Mahshahr oil depot in the Abadan region.

Over 870 mcm of gas delivered to national grid

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company announced the delivery of 871 million cubic meters (mcm) of natural gas to the national grid, with 72% of it consumed by the residential, commercial, and small industrial sectors.

Deputy oil minister stresses need to institutionalize AI in petrochemical industry

Hassan Abbaszadeh made the remarks on Saturday during a ceremony to sign a cooperation agreement for the development of an AI assistant for the petrochemical industry.

Rey LPG tank operations proceeding normally: NIOPDC

SHANA (Tehran) – The National Iranian Oil Products Distribution Company (NIOPDC) issued a new statement on Saturday regarding the incident at the liquefied petroleum gas (LPG) storage facility in Rey, confirming that the process of extracting and loading liquid gas from the facility is proceeding normally.

Petrochemical sector enjoys high potential in leveraging AI: VP

SHANA (Tehran) – The Vice President for Science, Technology, and Knowledge-Based Economy stated that the petrochemical industry, given its activities and favorable capacities, can achieve significant milestones in the use of artificial intelligence (AI).

Tripartite agreement signed to develop AI in petchem industry

SHANA (Tehran) – A cooperation agreement to develop an artificial intelligence assistant for the petrochemical industry was signed on Saturday among Hossein Afshin, vice president for science, technology, and knowledge-based economy; Hassan Abbaszadeh, CEO of the National Petrochemical Company; and Abbas Mousavi, President of Sharif University of Technology.

Oil production to increase by 10,000 bpd with development of three oilfields

SHANA (Tehran) – The development plan for three oilfields namely Soumar, Saman, and Delavaran in western Iran officially began on Saturday in the attendance of the CEO of the National Iranian Oil Company (NIOC).

Wastewater treatment project begins at Persian Gulf Bidboland Gas Refining Company

SHANA (Tehran) – The wastewater recovery package project at the Persian Gulf Bidboland Gas Refining Company, with a capacity of 1 million liters per day, has been commissioned.

Ex-VP:

Energy imbalance requires security for investors

SHANA (Tehran) – Addressing Iran’s energy imbalance requires ensuring security for investors and involving the private sector, said Es’haq Jahangiri, former first vice president under the 11th and 12th administrations.

612 mcm of gas allocated to residential sector on Friday

SHANA (Tehran) - The spokesperson for the National Iranian Gas Company announced that 612 million cubic meters (mcm) of natural gas were consumed in the residential, commercial, and small-scale industrial sectors on Friday, accounting for 74% of the total gas produced.

Oil minister:

Crude production projected to reach 4.6 mbd by 2028

SHANA (Tehran) – The oil minister stated that, according to the Seventh Development Plan (2024-28), Iran’s crude oil production is expected to reach approximately 4.6 million barrels per day (mbd) by 2028, with the southern oil-rich regions bearing the primary responsibility for this increase.

Paknejad details two-day visit to Khuzestan Province:

Oil minister bent on addressing challenges faced by Khuzestan

SHANA (Tehran) –Oil Minister Mohsen Paknejad outlined the specifics of his two-day trip to Khuzestan Province, emphasizing his commitment to addressing the challenges faced by the local population.

Securing Mahshahr petrochemical feedstock via Maroon, Ahvaz fields

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced that negotiations are underway to develop the Maroon Khami and Ahvaz Khami fields, stating that the development of these fields will ensure a long-term supply of feedstock for petrochemical plants in the Mahshahr region.

Minister: Ahvaz Desalination Plant Phase 2 boosts daily crude output

SHANA (Tehran) – The oil minister, in a live televised address, announced the launch of the second phase of the Ahvaz desalination plant under the directive of the president, stating that the project will increase daily crude oil production by more than 40,000 barrels by the end of the year (March 20).

Domestically-built drilling rig commissioned with oil minister in attendance

SHANA (Tehran) – The third drilling rig constructed by Academic Center for Education, Culture and Research, named Fat'h 73, was officially commissioned in a ceremony attended by the oil minister.

NIOC head calls work in Khuzestan’s heat a national endeavor

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the importance of serving the people of Khuzestan and the company’s commitment to job creation and fulfilling social responsibilities in the region, stating, “Working in the hot regions of Khuzestan is a great endeavor.”

NPC announces $30b petrochemical investment in Mahshahr Region

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced an $80 billion investment in the petrochemical industry, stating that $30 billion of it has been allocated to the Mahshahr region.

Deputy oil minister praises Kharg Oil Terminal staff as guardians of oil exports

SHANA (Tehran) – The deputy oil minister for international affairs and commerce praised the efforts of Kharg Oil Terminal employees, stating, “You are the guardians of the country’s oil exports in the heart of the Persian Gulf, playing a vital role in achieving national and economic goals.”

NPC:

Full capacity must be used to reduce unprocessed material sales

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the company is ready to support industry players working to complete the value chain, emphasizing the need to utilize all available capacities to reduce the sale of raw materials.

NIGC says 75% of gas consumption goes to households amid cold weather

SHANA (Tehran) – On Tuesday, 651 million cubic meters (mcm) of gas, accounting for 74% of total production, was consumed by households, commercial sectors, and small industries due to persistent cold weather, according to the National Iranian Gas Company.

President:

Inherited energy imbalances will be resolved

SHANA (Tehran) – President Masoud Pezeshkian stated that his administration did not create the imbalances in gas and electricity but inherited them, vowing to address the issues through collective efforts.

Paknejad:

Domestic manufacturers account for 85% of oil industry’s largest desalination facility

SHANA (Tehran) – Oil Minister Mohsen Paknejad announced that domestic manufacturers contributed 85% of the equipment for the oil industry’s largest desalination facility.

Phase 2 of Ahvaz crude desalination plant inaugurated

SHANA (Tehran) – Phase 2 of the Ahvaz Central Desalination Unit was officially inaugurated on Wednesday under the directive of President Masoud Pezeshkian and in the presence of Oil Minister Mohsen Paknejad during the president’s visit to Khuzestan Province.

Jacket for Belal Gas Field development project loaded out

SHANA (Tehran) – The jacket for the Belal Gas Field development project, constructed with a $16 million investment, was loaded out Wednesday from the Sadra Yard in Bushehr.

No casualties reported in Rey LPG tank incident: NIOPDC

SHANA (Tehran) – The National Iranian Oil Products Distribution Company (NIOPDC) announced in a statement that firefighting efforts are ongoing at the Rey liquefied petroleum gas (LPG) facility, and fortunately, the incident has resulted in no casualties.