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NPC head outlines key challenges in completing value chain
SHANA (Tehran) – The head of Iran’s National Petrochemical Company said the lack of technical knowledge, feedstock, capital, implementation experience and a supportive business environment are the main obstacles to completing the country’s petrochemical value chain.
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Oil industry, universities, research centers can drive petchem value chain growth
SHANA (Tehran) – Strengthening ties among the oil industry, universities and research centers can pave the way for developing Iran’s petrochemical value chain, the head of the Research Institute of Petroleum Industry said Monday.
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Iran’s gasoline distribution rises nearly 7%
SHANA (Tehran) — Iran’s daily gasoline distribution grew nearly 7% this year (started March 21), reaching a record of more than 200 million liters in a single day, according to the head of the National Iranian Oil Products Distribution Co.
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Iran, Leading Oil Output Hike
SHANA (Tehran) - OPEC data shows that Iran increased its oil production by 374,000 b/d in 2024 year-on-year. Saudi Arabia has significantly cut its output for the second year in a row.
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Oil minister honors employees, hails workforce as engine of progress
SHANA (Tehran) — Iran’s oil minister marked Employee Day with a message praising oil industry employees for their dedication, describing them as being on the front line of public service and a pillar of the country’s energy security.
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Iran Oil Sector: A Paradox of Potential and Opportunity
SHANA (Tehran) - Iran, strategically located in the Middle East and Central Asia, holds a huge amount of oil and gas. We are talking about some of the world’s largest proven crude oil and natural gas reserves. This means the country’s energy sector is incredibly important on the global scene, with immense potential for investment and for really capitalizing on Iran’s substantial wealth.
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KOGPC sets daily record of 1m barrels
SHANA (Tehran) — The managing director of Karoun Oil and Gas Production Co. announced a historic milestone in March 2025, with daily crude oil output reaching 1 million barrels for the first time.
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South Pars uses 90% local goods in overhauls
SHANA (Tehran) – The South Pars Gas Complex announced that more than 90% of the materials used in its major overhauls are domestically produced, a move officials say ensures sustainable production and strengthens Iran’s tech-based economy.
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Expert: Oil Ministry’s key win was boosting production amid crises
SHANA (Tehran) – An energy expert said the Oil Ministry’s most significant accomplishment in the first year of Iran’s 14th administration was boosting oil and gas production capacity while effectively managing major crises.
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Iranian nation stand firm against illegitimate expectation that wants Iran obedient to US
SHANA (Tehran) – Ayatollah Khamenei, the Leader of the Islamic Revolution, met with thousands of people from various walks of life today, August 24, 2025, in a mourning ceremony commemorating the martyrdom anniversary of Imam Reza (pbuh), in the Imam Khomeini Hussainiyah.
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Iran sets new oil, gas production records despite sanctions, war
SHANA (Tehran) — Iran’s oil industry has posted record production levels of crude oil and natural gas despite facing sanctions, energy shortfalls and the impacts of war, according to government data.
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Iran touts oil sector gains: Exports up, idle capacity restored
SHANA (Tehran) – The deputy head of the Iranian Parliament's Energy Committee cited the most significant achievements of the Oil Ministry under the 14th administration as growth in oil exports, an improved national gas balance, the activation of private sector capacity, and the revival of idled and suspended capacities in the upstream and midstream oil and gas industry.
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Iran, OPEC’s 2nd Largest Refiner
SHANA (Tehran) -- The Secretariat of the Organization of the Petroleum Exporting Countries (OPEC) has said in its 60th annual statistical bulletin (ASB) that Iran is the OPEC’s second largest refiner. According to the bulletin, Iran’s refining capacity stands at 2.237 mb/d, and accounts for 16% of OPEC’s total refining capacity.
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Paknejad’s first year: Leading Iran’s oil industry through war, sanctions
SHANA (Tehran) – A year has passed since Mohsen Paknejad took office as oil minister in Iran’s 14th administration—a year marked by major events and challenges. His tenure reflects a clear blend of commitment and expertise that shaped the ministry’s performance during turbulent times.
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Iran launches free program to convert gasoline cars to dual-fuel
SHANA (Tehran) — Iran has begun registering privately owned gasoline vehicles, model year 2018 and newer, for free conversion to dual-fuel systems, the head of the National Iranian Oil Products Distribution Co. announced.
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Energy sector’s future hinges on major decisions, digital transformation
SHANA (Tehran) – The future of the energy industry depends on major policy decisions, digitalization and stronger organizational integration, the head of the Research Institute of Petroleum Industry (RIPI) said Wednesday.
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Technology, innovation ecosystem seen as key to oil industry growth
SHANA (Tehran) — Closer cooperation among Iran’s Oil Industry University, the Research Institute of Petroleum Industry (RIPI) and the Oil Industry Innovation and Technology Park will play a critical role in advancing the country’s oil sector, a senior official said Wednesday.
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Iran to begin imports of premium gasoline; fuel quotas unchanged
SHANA (Tehran) — Iran is set to begin importing premium gasoline to meet the needs of certain vehicles and balance supply and distribution in the domestic fuel network, the Oil Ministry announced.
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Iran says no unsold oil remains on the water
SHANA (Tehran) — Iran’s oil minister said Wednesday the country has no unsold crude stored offshore, adding that all oil shipments are planned in line with market conditions.
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Iran ends diesel imports, boosts reserves by 1.5b liters
SHANA (Tehran) – Iran has halted diesel imports, a move that will save the country about $1 billion in foreign currency each year.
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Infill Project, South Pars Second Pulse
SHANA (Tehran) - The giant South Pars gas field supplies 70% of Iran’s gas needs. After two decades of incessant supply, it is today struggling with the challenge of pressure fall-off. Pars Oil & Gas Company (POGC) is in charge of development of the offshore reservoir. It is envisaging drilling 35 infill wells with a view to countering natural fall-off in production, enhancing the rate of recovery and stabilizing gas supply. That would finally lift the South Pars output by 36 mcm/d. While implementation of phase development projects at South Pars almost over, it is now presented as the strategic option for managing pressure fall-off and countering gas imbalance.
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NPC calls for eco-friendly plastics in industry’s future
SHANA (Tehran) — The head of Iran’s National Petrochemical Company stressed the importance of encouraging downstream producers to manufacture environmentally friendly plastics, saying the approach must be a priority in the industry’s development plans.
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Iran signs $14.7m deal to produce 25,000 dual-fuel cars
SHANA (Tehran) — Iran signed a $14.7-million contract Tuesday with automaker Iran Khodro to produce 25,000 dual-fuel vehicles in a bid to save more than 500,000 liters of gasoline per day.
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SP Phase 11 gas output triples to 357 bcf
SHANA (Tehran) – Cumulative gas production from Phase 11 of the South Pars development has climbed to 357 billion cubic feet, up from 120 billion cubic feet at the start of the 14th administration — a threefold increase.
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IEA confirms rise in Iran’s crude production
SHANA (Tehran) – The International Energy Agency reported that Iran’s crude oil production rose by about 200,000 barrels in July.
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NIGC announces new projects, expansion during Gov’t Week
SHANA (Tehran) — The National Iranian Gas Company (NIGC) announced a series of major gas expansion projects set to launch during Government Week, including gas supply to five cities, 428 villages and 1,753 industrial units, along with the inauguration of 330 kilometers of new transmission pipelines.
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Iran reports drop in diesel use, imports halted
SHANA (Tehran) — The National Iranian Oil Refining and Distribution Co. (NIORDC) said diesel consumption in non-power plant sectors has fallen by about 5 million liters a day compared with last year, eliminating the need for imports.
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Addressing South Pars pressure decline requires broad coordination
SHANA (Tehran) — The head of Pars Oil and Gas Company said the South Pars field has entered the second half of its life, and its natural pressure drop poses a major challenge for the country that requires high-level decisions and wide-ranging cooperation.
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Lawmaker praises Oil Ministry’s gas recovery efforts
SHANA (Tehran) –A member of Parliament’s Energy Committee praised the Oil Ministry’s performance in capturing associated petroleum gas, saying the 14th administration has taken effective steps to reduce the waste of this national resource.
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Little time left for maximum output from oil fields: NISOC
SHANA (Tehran) – The head of the National Iranian South Oilfields Company (NISOC) warned that there is little time left to maximize output from the country’s oil reserves, citing global fossil fuel conditions and environmental challenges.