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NPC: Gov’t shifts petrochemical focus from capacity to value chain
SHANA (Tehran) — The petrochemical industry has entered a new phase of policy and implementation under Iran's 14th government, moving beyond the mere expansion of nominal capacity to focus on completing the value chain, increasing actual production, and boosting domestic value-added, according to the head of the National Petrochemical Company (NPC).
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Gradual decline in household, commercial gas consumption
SHANA (Tehran) – Gas consumption in the household, commercial and small industries sectors fell to 470 million cubic meters on Friday, coinciding with a rise in temperatures.
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Stability in petrochemical decision-making to be ensured
SHANA (Tehran) – The CEO of Nouri Petrochemical Company emphasized the strategic and supervisory role of the National Petrochemical Company in the sector, saying investors are seeking stability in policymaking and decision-making in the petrochemical industry. He said pricing of utility services must be managed in a way that preserves the economic viability and attractiveness of production at downstream complexes.
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Household gas consumption reaches 511 mcm
SHANA (Tehran) – Iran’s household, commercial and small industries sectors consumed 511 million cubic meters of natural gas delivered to the national grid on the 23rd of Bahman (February 12), according to official data.
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APG collection seen as key step in protecting national assets
SHANA (Tehran) – A lawmaker praised the Oil Ministry’s performance in collecting associated petroleum gas and reducing flaring, saying faster implementation of the projects has helped curb waste, cut pollution, create jobs and boost value added across the hydrocarbon value chain.
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Sustainable fuel supply through higher output, demand management
SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) said the refining industry under the 14th administration has reached stability after overcoming fuel imbalances and severe consumption pressures. He cited higher production, a halt to diesel imports, demand management, pipeline expansion and progress in quality-upgrade projects as the main drivers of the shift.
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Over 301 bcm of sweet gas produced at South Pars
SHANA (Tehran) – The CEO of the South Pars Gas Complex said more than 301 billion cubic meters of sweet gas have been injected into the national gas network under the 14th administration.
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Gov’t prioritizes petrochemicals through utility pricing oversight
SHANA (Tehran) – The CEO of PetroFarhang Holding said the transfer of utility pricing arbitration to the National Petrochemical Company underscores the 14th Government and Ministry of Petroleum’s special attention to the petrochemical sector and the private industry. He added that stable and fair utility pricing fosters trust among private investors.
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Stable power plant fuel supply secured as reserves surge
SHANA (Tehran) – Iran’s power plant fuel reserves have surpassed 3 billion liters this year, reaching about 3.5 billion liters, President Masoud Pezeshkian announced Thursday, adding that additional backup reserves are also in place to ensure a stable fuel supply.
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Household, commercial sectors consume 61% of network gas
SHANA (Tehran) – Household, commercial and small industrial sectors accounted for 61% of total gas delivered to Iran’s network on February 11, according to the National Iranian Gas Company.
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Energy imbalance eases under current gov’t
SHANA (Tehran) – The performance of the National Iranian Oil Refining and Distribution Company (NIORDC) under the 14th government shows that a combination of higher production, improved fuel quality, demand management, infrastructure expansion and balanced reserves helped reduce the country’s energy imbalance and strengthen the stability of fuel and power networks.
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Household, commercial sectors accounted for 63% of gas consumption
SHANA (Tehran) – The household, commercial, and small industries sectors consumed 63% of the total gas delivered to the national grid on Tuesday.
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OPEC crude production falls by 135,000 barrels per day in January
SHANA (Tehran) – OPEC’s latest monthly report shows that crude oil production by the organization’s members declined by 135,000 barrels per day in January.
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Leap in Iran’s gas infrastructure since the Islamic Revolution
SHANA (Tehran) – Since the 1979 Islamic Revolution, the National Iranian Gas Company (NIGC) has played a central role in strengthening the country’s energy security through the expansion of gas production, transmission, distribution, storage and exports.
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Public turnout at Islamic Revolution anniv. rally sends clear message to adversaries
SHANA (Tehran) – Oil Minister Mohsen Paknejad, marking the 47th anniversary of the Islamic Revolution, said public participation in the 22nd of Bahman (February 11) rally sends a clear message to Iran’s adversaries and stressed that the government is working to improve people’s livelihoods and economic conditions.
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Iran’s petchem industry: 79 plants with 100m tons of nominal capacity
SHANA (Tehran) - Iran’s petrochemical industry, operating 79 production complexes, has reached a nominal production capacity of more than 100 million metric tons per year, emerging as one of the main pillars of the country’s non-oil economy. The expansion reflects years of investment in major petrochemical hubs and the gradual development of new industrial zones.
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Petrochemical feedstock secured through flare gas recovery
SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) said the Oil Ministry under the 14th administration has developed and is implementing medium-term plans to offset idle capacity and ensure a stable supply of feedstock for the petrochemical industry, with large-scale investment in flare gas recovery among the most important measures.
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Private sector drives shift in upstream oil investment
SHANA (Tehran) – The National Iranian Oil Company (NIOC) has launched a new approach to upstream oil and gas investment centered on private-sector participation, a senior official said.
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New list of Iranian E&P companies released
SHANA (Tehran) –The deputy oil minister for engineering, research and technology announced the release of an updated list of Iranian exploration and production (E&P) companies, saying a new round of evaluations is scheduled for the coming weeks.
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Household gas consumption reaches 582 mcm
SHANA (Tehran) – Household, commercial and small industrial consumers used 582 million cubic meters of natural gas delivered to Iran’s national grid on Feb. 9.
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Aligning corporate interests with petrochemical utility pricing arbitration
SHANA (Tehran) – The CEO of Arya Sasol Polymer Company said transferring authority for utility pricing arbitration to the National Petrochemical Company (NPC) reflects recognition of the petrochemical industry’s role in the national economy and, if properly implemented, could strengthen a development-oriented approach at companies and align government and corporate interests.
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Oil industry plays key role in countering external pressure
SHANA (Tehran) – Iran’s oil minister marked the 47th anniversary of the Islamic Revolution by stressing the need to preserve unity within the oil industry, strengthen domestic capabilities and make full use of human capital, saying the sector plays a central role in countering external pressure and boosting the country’s economic resilience.
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Digital oil field: A step toward smarter decision-making
SHANA (Tehran) - The CEO of the National Iranian South Oilfields Company emphasized the need for the oil industry to move toward data-driven management and intelligent decision-making, saying that in today’s global oil industry, competitive advantage lies not only in production but in data analysis and preventive decision-making. As a result, digitalizing oil fields has become an unavoidable necessity.
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Gas microturbine a successful example of knowledge-based technology
SHANA (Tehran) — A national gas microturbine project is a clear example of a successful knowledge-based product and is expected to play a key role in Iran’s future energy mix, a senior official with the National Iranian Oil Company said. Mahdia Motahari, director of research and technology at NIOC, said the project improves energy efficiency, aligns with energy security strategies and can be developed at multiple scales, making it strategically important for the country.
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Gas microturbine with combined power and heat production comes online
SHANA (Tehran) - The CEO of the Fuel Consumption Optimization Company announced the official commissioning of a first-of-its-kind gas microturbine, saying the unit can simultaneously generate 60 kilowatts of electricity and 120 kilowatts of heat—an important achievement in energy efficiency.
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Success of first-of-a-kind production hinges on entry into oil supply chain
SHANA (Tehran) — Iran’s deputy oil minister for engineering, research and technology said first-of-a-kind production efforts achieve true success only when their products are fully integrated into the oil industry’s supply chain, citing the national gas microturbine project as a successful example of domestic development of advanced technologies.
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Iran to double natural gas storage capacity
SHANA (Tehran) – Iran will double its natural gas storage capacity through expansion projects at the Sarajeh and Shourijeh reservoirs, the head of the National Iranian Gas Company said.
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Fuel smart card issuance cut to one day
SHANA (Tehran) – The head of the Fuel Smart Card System at the National Iranian Oil Products Distribution Co. said the rollout of an instant issuance plan has reduced the waiting time for fuel smart cards from about 60 days to 24 hours.
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Launch of instant fuel card issuance project
SHANA (Tehran) – The instant issuance of smart fuel cards was launched to cut national costs, strengthen fuel supply security and save time and money for applicants.
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Reduced use of emergency fuel cards at stations
SHANA (Tehran) – The CEO of the National Iranian Oil Products Distribution Company said a new gasoline policy aimed at encouraging motorists to use their personal fuel cards has significantly reduced reliance on emergency cards at fuel stations.