Shana

40th OPEC and non-OPEC Ministerial Meeting Press Statement

40th OPEC+ meeting sets course for market stability through 2026

SHANA (Tehran) – OPEC and its non-OPEC allies reaffirmed their long-standing cooperation framework and extended current crude production levels through the end of 2026 during their 40th ministerial online meeting on Sunday, November 30, underscoring their commitment to stabilizing global oil markets amid ongoing volatility.

Which fuel cards remain valid?

SHANA (Tehran) – The head of the National Iranian Oil Products Distribution Company’s smart fuel card system said many recent requests for new fuel cards are completely unnecessary, emphasizing that fuel cards for imported, government and non-subsidized vehicles — as well as cards still bearing the name of a previous owner — do not need to be replaced.

Fourth Energy Efficiency Conference to be held in Tehran

SHANA (Tehran) – The fourth International Conference and Exhibition on Energy Optimization and Efficiency in Iran will be held at the Milad Tower International Conference Center of Tehran.

Completion of 3D seismic survey at Paydar field

SHANA (Tehran) – The project manager for the development of the Cheshmeh-Khosh, Dalpari and East Paydar oil fields said the 3D seismic data acquisition at East Paydar Field was successfully completed on Nov. 28, ahead of schedule, under an IPC2 contract carried out by Dana Geophysics.

Gas savings in petchem sector hit 1.7 bcm

SHANA (Tehran) – The National Petrochemical Company’s energy optimization director says Iran’s petrochemical industry has saved 1.7 billion cubic meters of natural gas over the past four years through efficiency projects. He added that the sector is targeting annual savings of more than 200 million cubic meters this year.

No such thing as ‘White Fuel Cards,’ NIOPDC says

SHANA (Tehran) – The National Iranian Oil Products Distribution Company (NIOPDC) issued a statement strongly denying social media rumors about the existence of so-called “white fuel cards,” and provided clarifications on how fuel cards are issued and how many are currently active.

Drilling begins at Belal field, signaling stable future gas production

SHANA (Tehran) – The acting director of the Belal gas field development project announced the official start of drilling operations for development wells in this shared field, calling it a key step in accelerating the project and ensuring stable gas production in Iran’s energy hub.

Second phase of NPC–NIGC launched to boost energy efficiency

SHANA (Tehran) – The National Petrochemical Co. (NPC) and the National Iranian Gas Company (NIGC) have signed a memorandum of understanding aimed at encouraging petrochemical companies to invest in natural gas efficiency and conservation projects.

President calls for creative solutions to improve energy efficiency

SHANA (Tehran) – President Masoud Pezeshkian stressed the need for innovative and creative solutions to better manage energy consumption.

Launch of third dehydration unit at Rag Sefid-1

The managing director of Aghajari Oil and Gas Production Company said the third dehydration and compression unit at the Rag Sefid-1 operational facilities has come online as part of the Oil Ministry’s and the 14th government’s broader policy to recover associated gas and reduce flaring.

CNG expansion saves 16m liters of gasoline daily

SHANA (Tehran) – Iran’s national CNG project manager says daily compressed natural gas sales have reached about 16 million liters, preventing the country’s gasoline consumption from climbing to an estimated 148 million liters per day — the equivalent output of several refineries.

Drilling of Belal development wells begins

SHANA (Tehran) – The head of the National Iranian Oil Company announced the start of drilling operations for development wells at the Belal field, relying on the expertise of Iranian engineers.

Fuel quotas for cars with reissued license plates will not be cut

SHANA (Tehran) – The head of the National Iranian Oil Products Distribution Company said gasoline quotas at the first-tier rate (1,500 tomans) and second-tier rate (3,000 tomans) will not be removed for vehicles that undergo license plate replacement, because “new-number vehicles” refers only to brand-new cars that have never been registered.

NIOC Sports Council chief appointed

SHANA (Tehran) – The CEO of the National Iranian Oil Company has appointed Mohammadreza Amirifard as head of the company’s Sports Council.

Governor-general: No mazut is being burned in Tehran

SHANA (Tehran) – Tehran Governor General Mohammadsadeq Motamedian said no mazut is being used as fuel anywhere in the province, emphasizing that the capital has about 4.2 million active motorcycles, more than 70 percent of which are over 20 years old and mostly worn out and polluting.

Ensuring nation’s energy security through strategic measures

SHANA (Tehran) – The production director of the Iranian Central Oil Fields Company (ICOFC) said precise and timely overhauls and maintenance programs have positioned the company as a key player in supplying winter fuel and safeguarding the nation’s energy security.

Gradual gasoline price reform aims to protect public welfare

SHANA (Tehran) - The executive vice president said gasoline prices will be adjusted gradually to help manage economic challenges while protecting people’s welfare.

Household gas use nears 3 bcm in one week

SHANA (Tehran) - Natural gas consumption in household, commercial and small industrial sectors reached nearly 3 billion cubic meters during the final week of Aban as colder weather drove up demand.

Strengthening private sector a key policy in Seventh Development Plan

SHANA (Tehran) — Executive Vice President described strengthening the private sector as a cornerstone of the country’s Seventh Development Plan, saying that transferring industry and production to private hands will pave the way for national progress.

Operation of 2 Petrochemical Projects

Attracting private investment remains a priority

SHANA (Tehran) - The CEO of the National Petrochemical Company emphasized the industry’s commitment to the private sector’s role in petrochemicals, saying attracting genuine private investment is one of the company’s main policies. “We must facilitate and support investors to make their path smoother,” he added.

Extensive diesel storage among key actions of administration

SHANA (Tehran) - The executive deputy to Iran’s president announced that large-scale storage of diesel for power plants has been one of the 14th government’s major initiatives in recent months.

Veep: Halting gasoline imports among key strategies of gov't

SHANA (Tehran) - Iran’s First Vice President said zero gasoline imports are among the main strategies of the 14th government.

President: Flaring-gas control must move faster

SHANA (Tehran) - President Masoud Pezeshkian said even a single day should not be lost in accelerating progress on projects aimed at capturing associated petroleum gas.

43% of fueling now done with station cards

SHANA (Tehran) - Government spokesperson Fatemeh Mohajerani said 43 percent of recent fuel purchases have been made using station-issued fuel cards. She added that all revenue generated from higher gasoline prices applied through these cards will be directed toward supporting household livelihoods.

Iran distributes 53m liters of gasoline daily using emergency fuel cards

SHANA (Tehran) - About 53 million liters of gasoline are distributed daily in Iran using station emergency fuel cards, the head of the National Iranian Oil Products Distribution Company said.

Mechanism for fuel quotas on newly registered vehicles to Be decided by working group

SHANA (Tehran) - The oil minister said a working group made up of relevant agencies will determine the mechanism and timeline for ending gasoline quotas for newly registered vehicles. He said the decision will be based on consensus and aligned with economic and social conditions.

Gov’t spox: Current fuel quotas cover 70% to 80% of citizens’ needs

SHANA (Tehran) – Iran’s government spokesperson said the existing gasoline quotas — 60 liters of subsidized fuel at 15,000 rials per liter and 100 liters at 30,000 rials per liter on personal fuel cards — will remain unchanged, adding that the quotas meet nearly 70% to 80% of citizens’ fuel needs.

Residential gas use tops 480 mcm a day

SHANA (Tehran) – Residential, commercial and small-scale industrial gas consumption surged as temperatures dropped, reaching more than 481 million cubic meters on the first day of Azar (November 22), according to the National Iranian Gas Company.

Gas deliveries to power plants exceed plan

SHANA (Tehran) - The managing director of the National Iranian Gas Company said gas supplied to power plants during late October to late November was far above the levels agreed to in the company’s plan.

Khartang gas field to begin production ahead of schedule

SHANA (Tehran) – Daily production of 5 million cubic meters of gas from the Khartang field will begin earlier than planned, thanks to round-the-clock efforts by operational crews and in line with the goal of ensuring stable gas supplies for the winter.