Shana

President praises Oil Ministry for speeding up gas flare recovery

SHANA (Tehran) – President Masoud Pezeshkian praised the Oil Ministry on Saturday for accelerating the collection of flare gas and said the government is ready to remove any obstacles that may hinder the process.

Flare gas collection contracts signed under president’s order

SHANA (Tehran) – Contracts for collecting flare gas from 12 oil fields in southern Iran were signed Saturday via video conference under the directive of President Masoud Pezeshkian.

Twelve gas flare collection contracts to be signed

SHANA (Tehran) – The National Iranian South Oil Company (NISOC) is set to sign 12 contracts for the collection and sale of flare gas today under an order from President Masoud Pezeshkian. The agreements aim to harness private-sector investment and facilitate technology transfer through cooperation with domestic and international companies.

Minister Paknejad:

Human resolve, commitment are the strongest shields against threats

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized the critical role of human resolve and commitment in safeguarding Iran’s oil, gas, and petrochemical industries, saying that hardware alone does not ensure resilience against threats.

Shazand Refinery undergoes unprecedented overhaul after 10 years, boosts output by 30%

SHANA (Tehran) – The Imam Khomeini Oil Refinery in Shazand has completed its most extensive overhaul in a decade, a $60 million project involving 5,000 specialized workers that increased production capacity by at least 30% and significantly improved operational reliability. The work ensures high-quality production for at least the next four years without interruption, refinery officials said.

Rise in household gas use narrows gap with power plants

SHANA (Tehran) – Average gas consumption in the household, commercial and small industrial sectors increased significantly in the week ending October 24 as temperatures dropped, bringing their total consumption nearly equal to that of power plants. In the final three days of the week, household consumption surpassed that of power plants.

Iran boosts gas supply by 6.7 mcm daily, diesel stocks up 130% for winter

SHANA (Tehran) — Oil Minister Mohsen Paknejad said gas delivery to the network has increased by about 6.7 million cubic meters per day and diesel reserves at power plants have risen 130%, putting Iran in a strong position heading into winter.

Oil industry lauded for resilience during 12-day war

Passive defense urged to be institutionalized

SHANA (Tehran) — The deputy oil minister for engineering, research and technology praised Iran’s oil industry for its flawless performance during the recent 12-day war, saying that unified command, proactive drills and production resilience were key to the sector’s success in passing what he called “a major national test.”

NIGC:

Gas network stability a top priority amid sensitive conditions

SHANA (Tehran) – The managing director of the National Iranian Gas Company emphasized the importance of protecting and maintaining the stability of the country’s gas network, saying that infrastructure resilience and social stability are two key elements of passive defense.

Gas deliveries to power plants up 3.1 bcm

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has supplied more than 3.1 billion cubic meters of additional gas to power plants since the beginning of the current Iranian year (March 21), compared with the same period last year, signaling stable production and effective use of existing capacity, the company’s managing director said.

Minister: Oil industry leads Iran’s economic resilience

SHANA (Tehran) – Oil Minister Mohsen Paknejad said the oil industry is the main pillar of Iran’s economic resilience and plays a leading role in overcoming the country’s challenges.

Monthly gasoline consumption up 8m liters

SHANA (Tehran) – Iran’s average daily gasoline consumption in the Iranian calendar month Mehr (September 23-October 22) rose by about 8 million liters compared with the same month last year, reaching nearly 134 million liters per day.

Power plant fuel tanks full; gasoline consumption up 6.5% in October

SHANA (Tehran) – The managing director of the National Iranian Oil Products Distribution Company said power plant fuel tanks across the country are full, leaving little capacity for additional storage.

Limited time to tap Iran’s oil resources

SHANA (Tehran) – The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.

Parliament speaker:

Economic reform impossible without energy reform

SHANA (Tehran) — Iran’s Parliament Speaker Mohammad-Baqer Qalibaf said Monday that economic reforms cannot succeed without first implementing energy reforms, stressing that while prices must reflect real costs, raising them without a comprehensive plan would be misguided.

MP: Mindset shift essential for sustainable oil financing

SHANA (Tehran) – The head of the Iranian Parliament’s Economic Committee stressed the need for institutional and economic reform, saying that without changing financial structures and mindsets, achieving sustainable financing in the oil and gas industry will not be possible.

Universities key to strengthening investment, innovation in Iran’s energy sector

SHANA (Tehran) – The president of Allameh Tabataba’i University said that investing in the oil, gas, and petrochemical sectors is not merely an economic act but a commitment to the nation’s long-term development.

NIGC calls for removal of legal barriers to gas investment

SHANA (Tehran) – The managing director of the National Iranian Gas Company (NIGC) called for the removal of legal barriers to investment in the gas industry, saying the company’s investment portfolio includes a set of development and improvement projects that, if implemented in a coordinated manner, can help achieve national goals in energy efficiency and sustainable development.

Only 15% of Iran’s petchem investments come from genuine private sector players

SHANA (Tehran) – The National Petrochemical Company’s managing director said the industry is focusing on attracting investment from genuine private sector players, noting that only about 15% of the $92 billion invested in Iran’s petrochemical sector so far has come from real private investors.

Parliament endorses Oil Ministry's successful winter fuel supply performance

SHANA (Tehran) – A member of parliament's Energy Commission stated that power plant fuel reserves for winter are in a more favorable position compared to last year, emphasizing that the high level of these reserves indicates the Oil Ministry's successful performance.

Gas tariff reform focuses on fairness; about 90% of consumers unaffected

SHANA (Tehran) – The managing director of the National Iranian Gas Company said the gas tariff reform plan does not mean a price increase, noting that more than 88% to 90% of the country’s population will not be affected by the changes.

First well in Yadavaran Production Boost Plan comes online

SHANA (Tehran) – The director of the Yadavaran oil field development project announced that the first well under the 24-well Yadavaran Production Increase Plan has come on stream.

Fajr Jam Gas Refinery cuts gas flaring by 71%

SHANA (Tehran) – The acting head of Fajr Jam Gas Refining Company said the volume of gas sent to flares has dropped by more than 71% since the Iranian year 1398 (2019), helping to reduce greenhouse gas emissions.

Hasheminejad Gas Refinery processes 6 bcm in six months

SHANA (Tehran) – The managing director of Hasheminejad Gas Refinery announced that the facility processed more than 6 billion cubic meters of natural gas during the first six months of this year.

Power plant diesel reserves grow with 7-m-liter boost

SHANA (Tehran) – The head of the National Iranian Oil Products Refining and Distribution Company said simultaneous efforts to boost production and manage consumption have increased diesel output by 7 million liters, leading to higher fuel reserves for power plants.

Gas industry needs $42b in investment

SHANA (Tehran) – Iran’s gas industry will require about $42 billion in investment by the end of the Seventh Development Plan, a senior official said, emphasizing that the sector seeks not only financial input but also innovation, management expertise, and stronger international connections.

NIGC prepares investment packages for private sector

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has developed investment packages aimed at encouraging private-sector participation in the gas industry, the company’s managing director said, emphasizing that in the country’s current economic situation, investment is not optional but an unavoidable necessity.

South Pars Platforms at full swing of production after overhaul

SHANA (Tehran) – The deputy director of operations and support at Pars Oil and Gas Company announced the successful completion of major overhauls on offshore platforms in the shared South Pars field, saying all platforms have now returned to production.

Renewables development seen as solution to energy imbalance

SHANA (Tehran) – Renewable energy development is one of the most effective ways to address the country’s energy imbalance, a member of the Iranian Parliament’s Industries and Mines Committee said.

Iran upgrades fuel card database after 18 years

SHANA (Tehran) – The database of Iran’s national fuel smart card system has been updated for the first time in 18 years, a move officials say has helped detect hundreds of thousands of unauthorized cards and prevent large-scale fuel misuse.