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Emergency fuel card rates revise in Iran as standard gasoline quotas hold steady
SHANA (Tehran) – Iran began enforcing a revised gasoline pricing plan Tuesday, changing rates charged through emergency station cards while leaving standard fuel quotas unchanged.
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South Azadegan field restores 10 wells, adds 30,000 barrels a day
SHANA (Tehran) — Ten Fahlian and Gadvan formation wells in the South Azadegan joint oil field have returned to production following completion of the first phase of an engineering, procurement and drilling (EPD) project led by the National Iranian Oil Company's (NIOC) Exploration Directorate.
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Oil Ministry taps full capacity to secure winter fuel supply
SHANA (Tehran) — Oil Ministry is mobilizing all available capacity in gas and liquid fuel production to ensure a stable winter fuel supply, the oil minister said.
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NIORDC: First two gasoline quotas cover 85% of public demand
SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company has stated that the government’s fuel pricing policies are gradual and flexible. He confirmed that the first and second gasoline quotas together meet the needs of 85% of the population, and their rates will remain unchanged.
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SNSC: Iran’s oil exports continue uninterrupted
SHANA (Tehran) – The Secretary of Iran's Supreme National Security Council has emphasized that the country's oil sales are ongoing without disruption, stating that trade continues smoothly and there are no issues in this regard.
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North Pars gas field development advances with key milestones
SHANA (Tehran) – Iran’s North Pars gas field development entered a new phase during the first two years of the 14th administration, from August 2024 to August 2026, as engineering studies concluded, contract packages were finalized and work began on the first offshore structure.
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Station-card fuel price set at to 100,000 rials per liter
SHANA (Tehran) – Government spokeswoman said the price of gasoline purchased at pumps with unrestricted fuel cards rose to 100,000 rials per liter, effective at dawn on Sept. 8.
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Seven OPEC+ states reaffirm production cuts, market stability
SHANA (Tehran) – Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability.
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Nine CNG Stations to prevent annual outflow of $118m
SHANA (Tehran) – The Director of the CNG Project at the National Iranian Oil Products Distribution Company has announced the launch of nine CNG stations with a total capacity of 13,500 cubic meters per hour across five provinces. He stated that, given the current value of gasoline, the operation of these stations will prevent an annual foreign currency outflow of $118 million from the country.
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Iran Amir Kabir rig undergoes major overhaul after decade-long hiatus
SHANA (Tehran) – After nearly a decade of inactivity, the semi-submersible drilling rig "Iran Amir Kabir" is being prepared for operations, with major overhaul and refurbishment projects underway to enable exploratory drilling in the deep waters of the Caspian Sea.
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Oil minister pursues higher production, sales, sanctions mitigation: Ministry spox
SHANA (Tehran) - Oil minister is vigorously pursuing measures to increase oil production and sales, mitigate the impact of sanctions and address the country’s energy imbalance, Oil Ministry spokesman Saman Ghodousi said.
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Oil industry pension funds expand benefits, services
SHANA (Tehran) - Increasing pensions and implementing the special pension allowance, registering about 60,000 requests for pension advances, a 63% increase in financial facilities and a 67% rise in medical expense payments, and reducing the medical co-payment from 10% to 5% are among the measures taken by the Oil Industry Pension Funds over the past two years.
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€500m secured to modernize Iran’s oil export infrastructure
SHANA (Tehran) – The National Iranian Oil Terminals Company has secured €500 million in funding for priority projects aimed at restoring out-of-service capacity, strengthening infrastructure and enhancing the operational capabilities of the country’s oil terminals, its CEO said.
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NISOC plans production surge
SHANA (Tehran) – The National Iranian Oil Company is developing a comprehensive plan to boost production at the National Iranian South Oilfields Company, with a focus on field development and accelerating projects aimed at increasing output, the NIOC chief said.
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Iran's crude exports never stopped during 40-day war
SHANA (Tehran) – Minister of Oil has reported rising oil and gas production, an accelerated flare-gas recovery program, pressure-boosting projects at South Pars, expanded crude processing capacity at joint fields, and an end to diesel imports over the two years of the 14th administration's work at the Oil Ministry — adding that the country's crude oil exports did not stop for even a single hour throughout the 40-day war.
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Diversifying Iran's fuel basket: No longer optional
SHANA (Tehran) – A member of Parliament's Energy Committee has called diversification of the country's fuel basket essential, warning that the transport sector's heavy reliance on gasoline is a key source of vulnerability to supply imbalances.
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Petrochemical industry support: A strategic priority for Iran’s economy
SHANA (Tehran) – The head of the National Petrochemical Company (NPC) said that the Ministry of Petroleum and NPC are pursuing a problem-oriented, results-driven approach to supporting the petrochemical sector as a leading force in the country's economy.
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New discoveries add 495 bcm to Iran’s gas reserves
SHANA (Tehran) – The discovery of 495 billion cubic meters of new hydrocarbon reserves has once again confirmed Iran's standing among the world's leading holders of oil and gas resources.
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Iran tops world rankings in gas discoveries
The managing director of the National Iranian Oil Company (NIOC) announced that Iran has ranked first globally in gas discoveries since 2025.
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Oil industry strengthens offshore drilling capacity
SHANA (Tehran) – A review of the two-year performance of Pars Oil and Gas Company shows a significant expansion in offshore drilling capacity, the simultaneous development of multiple work fronts and the creation of new operational capacity for development projects and production-maintenance programs.
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Gasoline consumption tops 148m liters a day in late August
SHANA (Tehran) – Iran’s average daily gasoline consumption surpassed 148 million liters during the first eight days of the sixth month of Iranian calendar (Aug. 23-30), with total distribution reaching 1.1852 billion liters, according to data from the National Iranian Oil Products Distribution Company.
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South Pars Sixth Refinery set for early production
SHANA (Tehran) – The National Iranian Gas Co. has successfully completed a hot-tapping operation on a pipeline carrying sour gas, paving the way for early production at the Sixth Refinery of the South Pars gas complex before the start of the cold season.
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From flaring to value: Iran draws private investment
SHANA (Tehran) – Gas that for years was burned off at oil fields is increasingly being turned into an investment opportunity in Iran’s oil industry. The National Iranian Oil Co. has signed 23 contracts with private and non-governmental investors to collect associated and flare gas, paving the way for the shutdown of 57 flares in Khuzestan province.
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Parl. speaker calls for smarter fuel use
SHANA (Tehran) – Iranian Parliament Speaker Mohammad-Baqer Qalibaf said Tuesday that while the country faces an imbalance between gasoline supply and demand, more efficient consumption could prevent shortages with current domestic production levels.
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Diesel stocks strengthen power plant fuel security
SHANA (Tehran) – Mohammad-Sadeq Azimifar, CEO of the National Iranian Oil Products Refining and Distribution Company, said the country’s diesel reserves for power plants have risen to 3.2 billion liters, providing an important buffer for fuel supplies during the colder months and helping offset reduced access to natural gas during peak demand.
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Gas sector accelerates recovery, efficiency drive
SHANA (Tehran) – The managing director of the National Iranian Gas Company said 7,924 gas facilities were damaged during the third imposed war, temporarily taking 230 million cubic meters per day of the country’s gas production capacity offline — about one-third of total capacity at the time.
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Pezeshkian calls for SCO energy consortium
SHANA (Tehran) – President Masoud Pezeshkian said Tuesday that establishing an energy consortium within the Shanghai Cooperation Organization could bring positive benefits to member states and strengthen the bloc’s position in global energy markets.
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Keeping Iran’s energy lifeline alive
SHANA (Tehran) – As President Masoud Pezeshkian’s 14th administration marks its second year, Iran’s oil and gas industry has faced war twice — first during the 12-day war and later in the third imposed war.
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Iran, Kyrgyzstan agree in principle on joint oil refinery project
SHANA (Tehran) – Iran's President announced that Tehran has agreed in principle to a Kyrgyz proposal to jointly construct an oil refinery in Kyrgyzstan.
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How SP Phase 14 rebuilt itself mid-war
SHANA (Tehran) – The Phase 14 South Pars development project has weathered a turbulent two years under the fourteenth administration — a period marked both by rising gas production capacity and by the harsh test of war.