Shana

Oil Nationalization, a Beginning for Modern Iran

SHANA (Tehran) – As public protests against the Iran-Britain Oil Concession gathered steam and Mohammad Mosadeq led a parliamentary campaign relying on popular support, the Iranian petroleum industry was nationalized in March 1951, immediately after which Anglo-Iranian Oil Company (AIOC) was expropriated.

Europe, Potential Market for Iran Petchems

SHANA (Tehran) –Iran’s former deputy minister of petroleum for international affairs and trading, Ali Majedi, has said Iran could find good European buyers for its petroleum and petrochemical products.

Parliament fully supports Oil Ministry

Senior MP: Sanctioning oil minister violates international law

SHANA (Tehran) – The head of the Iranian Parliament’s Energy Committee stated that the sanctioning of the oil minister is a violation of international rules and laws, emphasizing that members of the Energy Committee and other parliament representatives stand firmly with the Oil Ministry and support its efforts.

Energy Committee strongly supports oil minister after US sanctions

SHANA (Tehran) – The head of the Energy Committee, along with its members, visited the Ministry of Oil to express the Iranian parliament’s strong support for the oil minister following the imposition of US sanctions.

Gasoline reserves boosted for Nowruz with 8m liter production increase

SHANA (Tehran) – The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) announced that gasoline production at the country’s refineries increased by approximately 8 million liters per day in the second half of the current Iranian year, significantly strengthening fuel reserves for the Nowruz holidays.

Energy Market Outlook in New Syria

SHANA (Tehran) –Since the early 2000s, the Syrian energy market has experienced significant development with some turning points in 2011 and afterwards. Primarily characterized by relative self-sufficiency and export capabilities, the market is now known for its sharp decline, dependence on foreign countries, and paralyzing sanctions.

An Eight-Year Success Story

OPEC+ Market Stabilization Efforts

SHANA (Tehran) –The dawning of the year 2025 marked a significant anniversary in the history of the global oil industry, for it was eight years ago, in January 2017, that the ‘Declaration of Cooperation’ (DoC), signed between OPEC and 10 non-OPEC oil-producing countries became operational.

NIORDC announces

Fuel smuggling control with approach of prevention-confrontation

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) stated that the root cause of a significant portion of fuel smuggling lies in the consumption sector.

MP: Oil minister, oil industry personnel unfazed by US sanctions

SHANA (Tehran) – The deputy chairman of the Iranian Parliament’s Energy Committee stated that the oil minister and hardworking personnel of the oil industry are not afraid of US sanctions and emphasized that such measures will undoubtedly increase their motivation to continue their work.

First VP:

Iran aims to become regional energy hub

SHANA (Tehran) – First Vice President Mohammadreza Aref stated that Iran is striving to become a regional energy hub, emphasizing that achieving this goal is a top priority for the government.

3D seismic survey begins in East Paydar Field

SHANA (Tehran) – A 3D seismic survey is underway in the East Paydar oil field, meticulously planned and supervised by the Petroleum Engineering and Development Company (PEDEC).

South Azadegan crude oil processing unit to launch soon

SHANA (Tehran) – The CEO of the Petroleum Engineering and Development Company (PEDEC) announced that around-the-clock efforts by operational teams are underway to launch the first phase of the crude oil processing unit at the South Azadegan joint field. He stated that the unit will soon begin production.

Sufficient fuel stored in oil depots for Nowruz

SHANA (Tehran) – The CEO of National Iranian Oil Products Distribution Company (NIOPDC) stated that sufficient fuel has been stored in oil depots to ensure proper fuel supply during the Nowruz holidays, and there will be no shortages during the upcoming holidays.

Gov’t spox:

Iran will not yield its share in the global oil market

SHANA (Tehran) – A government spokesperson emphasized that the Ministry of Oil is one of the most critical ministries at the forefront of sanctions.

Kharg oil terminal as hub of Iran’s oil exports meets global standards

SHANA (Tehran) – The CEO of Iran Oil Terminals Company emphasized the critical role of the Kharg oil terminal in the export of the country’s crude oil, stating that all stages of receiving, storing, and exporting oil at this terminal are carried out in strict compliance with international standards and under the supervision of advanced quality control laboratories.

SPGC delivers 46,000 MW of electricity to national grid

SHANA (Tehran) – The acting head of joint operations at the South Pars Gas Complex (SPGC) announced that the Besat Power Plant, part of the South Pars Gas Complex, has delivered more than 46,000 megawatts of electricity to the national grid through significant efforts and the dedication of its staff.

Foreign Ministry Spox condemns sanctions on oil minister

SHANA (Tehran) – The spokesperson for the Ministry of Foreign Affairs strongly condemned the US action to sanction several individuals, including the oil minister of the Islamic Republic of Iran, as well as multiple oil tankers and commercial companies.

Energy imbalance requires public cooperation: President

SHANA (Tehran) – President Masoud Pezeshkian emphasized that resolving the country's energy imbalance requires public cooperation, noting that Iran's natural gas consumption exceeds that of wealthy European nations, despite their higher financial capacity and efficient energy management.

NIDC urged to strengthen its regional position

SHANA (Tehran) - The CEO of the National Iranian Oil Company emphasized the pivotal role of the National Iranian Drilling Company (NIDC) in the country’s oil industry, stating that the company must solidify its position in regional markets by modernizing equipment, adopting advanced technologies, and streamlining processes.

 In latest round of measures against Iran’s oil industry

US Treasury sanctions Iranian oil minister

SHANA (Tehran) - The US Treasury Department has imposed sanctions on Iran’s oil minister as part of its ongoing maximum pressure campaign against the Islamic Republic. 

Iran anticipates positive news in oil production next year

SHANA (Tehran) - The CEO of the National Iranian Oil Company (NIOC) announced that necessary planning has been completed to meet oil production requirements for the upcoming year, stating, "Next year, we will have good news in the field of oil production."

Iran no longer needs to import five polymer grades

SHANA (Tehran) - Arvand Petrochemical, the largest producer of PVC and chlorine chains in West Asia, has achieved a historic production record for EPVC this Iranian year, eliminating the need for the country to import five specialized grades.

Iran's economic growth up

SHANA (Tehran) - The latest calculations by the Parliament Research Center show that the country's economic growth in Dey (Dec. 21, 2024-Jan. 19, 2025) increased by 1.8% compared to the same month last year, while non-oil economic growth stood at 1.3%. 

Oil Ministry prepared to meet fuel demand for Nowruz holidays

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized his ministry's full readiness to meet the fuel needs of citizens during the Nowruz holidays.

Iran's largest land-sea seismic survey project completed

SHANA (Tehran) – The exploration director of the National Iranian Oil Company (NIOC) announced the completion of the largest two- and three-dimensional land-sea seismic survey project in the Paniz region of Khuzestan province, utilizing wireless technology.

NIGC credits public-gov’t cooperation for overcoming winter difficulties

SHANA (Tehran) – The deputy oil minister for gas affairs stated that the successful navigation of this winter was made possible by the efforts of National Iranian Gas Company (NIGC) employees, the support of the Oil Ministry, and the public. He emphasized that those who work sincerely, honestly, and passionately for the country will have their names etched in history.

Oil Ministry, Hamrah-e-Aval ink MoU for digital transformation

SHANA (Tehran) – The Ministry of Oil and Hamrah-e-Aval, a leading mobile operator, signed a memorandum of understanding (MoU) aimed at advancing digital transformation and smart technologies in the oil and gas industry.

GECF Secretary General:

Natural gas is not just a bridge to future

SHANA (Tehran) – The GECF launched the new edition of its Global Gas Outlook (GGO) report on Monday where Mohamed Hamel, Secretary General in his remarks said natural gas is not just a bridge to the future.