Shana

$80b Investment in South Pars Gas Field Unprecedented

SHANA (Tehran) -Since establishing the South Pars Oil and Gas Company (POGC) in 1998, more than $80 billion has been invested in plans and projects to develop the shared South Pars gas field which is unprecedented.

CEO of NIORDC:

Gasoline Production Reaching 129 ml/d

SHANA (Tehran)—Under the Seventh Development Plan, the country’s gasoline production will increase to 129 million liters per day.

NIGC Official Warns of Entering Gas Shortage Phase

SHANA (Tehran) -The National Iranian Gas Company Dispatching Manager, Saeed Aghli has warned that without other governmental bodies' cooperation, the country will enter a phase of gas shortage, announcing over 21 billion cubic meters of natural gas are transferred monthly to the country’s consumption points.

NIOPDC Releases Fuel Delivery Data

SHANA (Tehran)—The CEO of the National Iranian Oil Products Distribution Company (NIOPDC), Keramat Veis-Karami, says that in the first seven months of this Iranian calendar year, which began on March 21, about 9.7 billion liters of liquid fuel have been delivered to the country’s power plants, representing a 38% increase compared to the same period last year.

Tehran-Baku Energy Cooperation Essential

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad has said that expanding cooperation between Iran and the Republic of Azerbaijan in the energy sector is essential and requires creating the necessary infrastructures.

Ministr of Petroleum:

Standardization Crucial to Balanced Development

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad emphasized the importance of standardization and its role in the development and sustainability of the oil industry.

Sanctions Can't Stop Iran's Oil Industry Development, MP

SHANA (Tehran) - Recent advancements in the oil industry indicate that sanctions have not hindered the growth and development of the oil industry.

IFCO Long-Term Plans Saving $90b

SHANA (Tehran) - The CEO of the Iran Fuel Conservation Company (IFCO) Hosein Hoseinzadeh, stated that the company has short-term, medium-term, and long-term plans for energy efficiency, which are expected to save about 90 billion dollars through the year 2041.

Foreign Ministry:

U.S New Sanctions Illegal and Unjustified

SHANA (Tehran) - The spokesperson for the Foreign Ministry described the new sanctions imposed by the United States on Iran’s energy sector as illegal and unjustified.

Petroleum Ministry Ranks First in Free Access to Information

SHANA (Tehran) - The Ministry of Petroleum ranks first in responsiveness and free access to information among executive bodies.

Iran and Russia Can Provide Regional Gas Needs

SHANA (Tehran) - The CEO of the National Iranian Gas Company Saeed Tavakoli has said that connecting the Iranian and Russian gas networks is very important in supplying energy to the region, describing Iran’s position at the center of the North-South energy corridor as unique.

Iran Expanding Gas Cooperation with Its Northern Neighbors

SHANA (Tehran) - Iranian President Masoud Pezeshkian separately met with the Presidents of Turkmenistan and Russia, announcing new agreements to enhance gas cooperation.

Petrochemical Sector Growing 8 Percent Annually

SHANA (Tehran) - The acting head of the National Petrochemical Company (NPC) has said that, based on the previously made plans, the petrochemical industry will grow 8 percent annually over the 7th national development plan.

Energy Imbalance Is A Multifaceted Challenge, MP

SHANA (Tehran) - A member of Parliament has said that the government can do nothing alone to solve the energy imbalance problem.

SPGC Cooperates With 100 Knowledge-based Companies

SHANA (Tehran) - The CEO of the South Pars Gas Complex says that the complex as the country’s largest gas processing facility attaches great importance to the knowledge-based companies and domestic manufacturers, with close cooperation with more than 100 domestic and knowledge-based companies.

Global Media Cover Petroleum Minister Visit to Persian Gulf

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad started a tour on Saturday to visit Iran's main oil and gas facilities in the Persian Gulf region.

Paknejad Visits Forouzan Oil Field Platform

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad visited the shared oil field of Forouzan's platform in the Persian Gulf, talking with the oil industry staff there.

In his visit to Assaluyeh

Paknejad Appreciates Oil Industry Workers' Relentless Efforts

SHANA (Tehran) - Minister of Petroleum Mohsen Paknejad has said: “I traveled to the Assaluyeh region to assess the country’s gas production conditions.”

Minister of Petroleum Visits Kharg Island

SHANA (Tehran) -Iranian Minister of Petroleum Mohsen Paknejad arrived at Kharg Island to visit oil industry facilities and meet with operational staff stationed in the Island in the Persian Gulf.

Reuters Survey finds:

OPEC Oil Output the Lowest, Iran's the Highest

SHANA (Tehran) - Reuters announced Iran as the only member of Opec which its oil production rose in September 2024.

Paknejad: I'm in Assaluyeh to Visit My Colleagues

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad who is visiting Assaluyeh, the capital of Iran's energy, says my trip is normal for visiting my colleagues.

Natural Gas Makes Up 70% of Energy Basket

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) Saeed Tavakoli has said that the share of natural gas in the country’s energy basket is 70%.

OPEC:

WSJ Claims Wholly Inaccurate and Misleading

SHANA (Tehran) - The OPEC secretariat announced today that the Wall Street Journal article, dated 2 October which quotes the Saudi Oil Minister as saying oil prices may fall to $50/B is inaccurate and misleading. the full text of the secretariat response to the article is as follows:

56th Meeting of the Joint Ministerial Monitoring Committee

SHANA (Tehran) - The Joint Ministerial Monitoring Committee (JMMC) of OPEC+ held a meeting on 2 October and reviewed the current market situation. JMMC also issued a statement at the end of the meeting which is as follows:

Ministr of Petroleum:

We Will Get Through Cold Season with Minimum Challenges

SHANA (Tehran) – Minister of Petroleum Mohsen Paknejad says that the energy imbalance is not something that has been created within one or two years.

Head of NPC Appointed

SHANA (Tehran) - Iranian minister of petroleum Mohsen Paknejad appointed Hassan Abbaszadeh as the acting head of the National Petrochemical Company (NPC).

Paknejad Welcomes Russian Prime Minister Upon Arrival

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad welcomed Mikhail Mishustin, the Prime Minister of the Russian Federation, upon his arrival at the airport.