Shana

Kharg Island ready to fully support maximum Iranian oil exports

SHANA (Tehran) – The CEO of Iranian Oil Terminals Company emphasized the strategic position of Kharg Island in the country’s oil export chain and announced the company’s full readiness to support Iran’s maximum oil exports. He stated that Iran’s oil terminals play a key role in achieving the oil industry’s major goals through their specialized, infrastructural and logistical capabilities.

Crude oil storage capacity increases by 2m barrels

SHANA (Tehran) – Iran’s crude oil storage capacity has increased by 2 million barrels following the commissioning of two refurbished tanks at the Kharg oil terminal in the operational zone.

Oil Ministry focuses on digital economy as growth driver in 7th Development Plan

SHANA (Tehran) – The deputy of planning at the Oil Ministry emphasized the ministry’s focus on developing the digital economy, stating that it is a key driver of economic growth in the 7th Development Plan as lawmakers have prioritized the digital economy, with a significant portion of growth expectations hinging on success in this sector.

‘Public Relations: Embodiment of honesty in building trust’

SHANA (Tehran) – The legal affairs assistant to the minister and secretary of the Central Selection Board of the Ministry of Oil congratulated everyone on Communications and Public Relations Day.

PIDMCO oversees 25 projects worth $11b amid sanctions

SHANA (Tehran) – The CEO of Petrochemical Industries Development Management Company (PIDMCO) announced that the firm is currently managing 25 projects valued at over $11 billion despite challenging sanctions. Some of these projects are among the largest national initiatives, and their completion is critical for boosting production and strengthening the economy.

PR plays pivotal role in advancing oil industry

SHANA (Tehran) – The Director-General of Public Relations for the Ministry of Petroleum congratulated all professionals in the field, particularly the pioneers of public relations in Iran’s oil industry, on Public Relations and Communications Day.

NIORDC announces two new refineries, anti-smuggling measures

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced the launch of two new refineries and three quality improvement projects this year.

Gov’t works to sustain oil exports despite sanctions

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the strategic importance of Kharg Island and praised the 14th administration’s intensified efforts to maintain exports under sanctions. “Kharg is not just an oil terminal—it symbolizes national synergy in safeguarding the country’s underground wealth,” he said.

Oil industry key to Iran’s economic growth, says lawmaker

SHANA (Tehran) – A member of Parliament’s presiding board emphasized that the International Oil Exhibition showcases the achievements and successes of the industry, stating: "The oil industry, as the driving force of the national economy, plays a decisive role in the country’s development and progress."

Challenging gas transfer operations amid winter production-consumption imbalance

SHANA (Tehran) – The CEO of Iranian Gas Transmission Company (IGTC) outlined the company’s special measures to maintain stable gas flow during the cold days of 1403 (2024-2025), stating: "Despite the imbalance between production and consumption, household gas usage reached 76% of the country’s total consumption on some days, making this one of the most difficult operational periods in recent years."

Sarajeh gas storage capacity to increase to 1.5 bcm

SHANA (Tehran) – The acting head of Iran Gas Engineering and Development Company announced that the gas storage capacity at the Sarajeh field will increase to 1.5 billion cubic meters (bcm) per year upon completion of its second phase.

Isfahan Refinery pushes forward on eco-friendly RHU upgrade

SHANA (Tehran) – The CEO of Isfahan Oil Refining Company stated that the Residual Hydrotreating Unit (RHU) upgrade project is progressing swiftly without any stoppages or major issues. The only current obstacle is delays in procuring certain project materials due to suppliers failing to meet commitments.

POGC announces official start of gas compression project in South Pars

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) outlined necessary measures to advance the gas pressure-boosting project in South Pars, including providing a comprehensive operational plan, making timely decisions and meeting set deadlines.

OPEC crude production hits 26.7 mbd in April

SHANA (Tehran) - Members of the Organization of the Petroleum Exporting Countries (OPEC) produced a combined 26.71 million barrels per day (bpd) of oil in April, according to the group’s latest report.  

Isfahan Oil Refinery produces heptane solvent for first time in Iran

SHANA (Tehran) – The Isfahan Oil Refinery has successfully produced heptane solvent for the first time in Iran. This product plays a significant role in reducing air pollution by cutting MTBE consumption.

Sino-US Tariff War Impact on Oil/Gas

SHANA (Tehran) - A trade war between the United States and China, the world’s top economies, has intensified over recent years. The latest indication is mutual sharp import tariff hikes. China has vowed to fight to the end in the face of US bullying, taking countermeasures against President Donald Trump’s administration.    

Venezuela Energy Supply and Exports

SHANA (Tehran) - Venezuela was once a prominent oil market player in the world. For years, it has been experiencing a sharp decline in its energy supply due to political tumults along with economic mismanagement and international sanctions. By late 2024, the oil and gas production outlook in Venezuela indicates an intertwined layer of challenges and gradual improvement, impacting both local affairs and exports.

US policy of maximum pressure a failed experiment, says Paknejad

SHANA (Tehran) – Iran’s oil minister emphasized the diversification of the country’s crude oil sales portfolio, stating that the policy of maximum pressure is a repetitive slogan by the US and a failed experiment.

Power plants lead gas consumption: Over 1.7 bcm in seven days

SHANA (Tehran) – The total gas delivered to power plants, major industries, and the residential and commercial sectors from May 6 to 12 exceeded 4.436 billion cubic meters (bcm), with power plants receiving over 1.758 bcm—the largest share.

Gov't spox:

Caspian Sea oil drilling begins after 30 years, oil Ministry leads effort

SHANA (Tehran) - The government spokesperson announced that shallow oil well drilling operations have begun along the Caspian Sea coast after nearly 30 years, praising the efforts of the Oil Ministry’s staff.  

Iran, Iraq stress need to expand joint cooperation

SHANA (Tehran) – Iran’s oil minister and Iraq’s electricity minister emphasized bilateral relations and joint cooperation during an official meeting.

Iran Oil Show 2025 showcases Iranian energy sector strength

SHANA (Tehran) – The head of the Iranian Parliament’s Energy Committee emphasized the bright outlook for the oil, gas, refining, and petrochemical industries, stating that the oil exhibition is a display of Iran’s strength in the energy sector.

Investment in upstream oil sector key to economic growth

SHANA (Tehran) – The vice chairman of the Iranian Parliament’s Energy Committee said investment in the upstream oil sector is a strategic move that drives economic growth, improves livelihoods and enhances public services.

Constructive cooperation of Oil Ministry in Implementing Clean Air Law obligations

SHANA (Tehran) – The head of the Department of the Environment said the Oil Ministry has had appropriate and effective cooperation with the organization in fulfilling the obligations of the Clean Air Law.

NIOC head stresses collaboration, precision in financial management

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) described financial affairs as one of the most complex yet critical pillars of the company, stating that financial management demands precision, insight, and comprehensive coordination.

$200m investment to capture flare gas  

SHANA (Tehran) - The CEO of Hoveyzeh Persian Gulf Gas Refining Company announced development plans in the upstream sector aimed at ensuring stable feedstock for petrochemical plants. The company has prioritized capturing associated gas from the Darkhovein and West Karun gas fields.  

Iran Oil Show symbolizes self-reliance, inspires hope

SHANA (Tehran) – The director-general of public relations at the Ministry of Oil said one of the key goals of the oil exhibition is to strengthen self-confidence and inspire hope among the country’s technical experts. He noted that around $200 million in contracts for first-time domestic production were signed with knowledge-based companies during the event.

BIPC invests to complete value chain

SHANA (Tehran) – The CEO of Bandar Imam Petrochemical Complex (BIPC) said the company’s investment in the Marun Petrochemical Diamond Project is a key step toward completing the value chain for its products.

Oil minister reports on Iran Oil Show 2025 at cabinet meeting

SHANA (Tehran) – Oil Minister Moussen Paknejad provided a detailed report on the 29th International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show 2025) during a cabinet meeting on Sunday afternoon, May 11.