Shana

189th OPEC Conference to take place on Tuesday

SHANA (Tehran) - The 189th (Ordinary) Meeting of the OPEC Conference will take place on Tuesday, 10 December 2024, via videoconference, under the presidency of HE Marcel Abeke, Minister of Petroleum, and President of the Conference for 2024.

Virtual meeting held on sidelines of 38th OPEC+ Meeting

SHANA (Tehran) - OPEC plus countries Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, which previously announced additional voluntary adjustments in April 2023 and November 2023 held a virtual meeting on the sideline of the 38th  OPEC and non-OPEC Ministerial Meeting (ONOMM).

38th OPEC+ Ministerial Meeting Concludes

SHANA (Tehran) - In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, and to provide long-term guidance and transparency for the market, and in line with the approach of being precautious, proactive, and pre-emptive, which has been consistently adopted by OPEC and non-OPEC Participating Countries in the Declaration of Cooperation, the Participating Countries decided to:

Overhaul of South Pars gas platforms completed

SHANA (Tehran) - The overhaul operations of the gas platforms in the South Pars joint gas field were successfully completed, thanks to a well-organized plan, collaboration among operational teams, and close oversight from the HSE (Health, Safety, and Environment) department of Pars Oil and Gas Company, all carried out under safe conditions.

Oil minister:

Optimizing gasoline consumption, a top priority

SHANA (Tehran) - The minister of oil said on Wednesday that optimizing gasoline consumption is a top priority for the ministry, adding that no decision has been made yet regarding changes to gasoline prices.

Gov’t orders shutdown of heating systems in public offices

SHANA (Tehran) - The Iranian government has issued a directive requiring all government bodies to shut down their heating and electricity systems as of 4 p.m. Wednesday to minimize energy consumption, according to the vice president for executive affairs and chief of staff.

Energy minister:

Oil Ministry increases fuel supply to power plants

SHANA (Tehran) - The minister of energy announced on Wednesday that the Oil Ministry has recently improved the supply of diesel fuel to power plants, stating that fuel provision has increased in line with demand.

GECF Secretary-General arrives in Tehran

SHANA (Tehran) - Mohammad Hamel, the secretary-general of the Gas Exporting Countries Forum (GECF), arrived in Tehran early Wednesday to attend the 26th Ministerial Meeting of the GECF.

Daily processing of 820,000 barrels targeted for West Karoun Oil Fields

SHANA (Tehran) - The CEO of the Petroleum Engineering and Development Company (PEDEC) announced a target to increase daily oil processing capacity to 820,000 barrels in West Karoun Oil Fields.

World's largest gas exporters to convene in Tehran

SHANA (Tehran) - The deputy minister of international affairs and commerce at Iran’s Ministry of Oil announced that the world’s largest gas exporters, who collectively hold 70% of global gas reserves, 40% of production, 47% of pipeline exports, as well as 51% of LNG exports, will gather in Tehran for the 26th Ministerial Meeting of the Gas Exporting Countries Forum (GECF) from December 6 to 8, as Mohsen Paknejad, Iran’s oil minister, will chair the event. 

Pezeshkian:

Gov’t welcomes everyone helping to address energy shortages 

NPC Exports $4b of Petrochemicals

SHANA (Tehran) -The CEO of the National Petrochemical Company (NPC), Hassan Abbaszadeh, outlined the petrochemical industry's performance during the first 100 days of the 14th government's activities.

Pezeshkian: We Will Overcome Energy Imbalance

SHANA (Tehran) - I hope that we can resolve the imbalances, especially the energy imbalance, by linking hands together.

OPEC Postpones JMMC and ONOMM Meetings

SHANA (Tehran) - OPEC announced that it had postponed its 57th JMMC and 38th ONOMM meetings due to several members attending a high-level meeting in Kuwait City.

NIOC Chief Outlines 100-Day in Office Achievements

SHANA (Tehran) - The CEO of the National Iranian Oil Company (NIOC) boasted of the 14th administration's oil industry achievements over the first 100 days in office, especially setting a new record concerning daily natural gas production.

Restricting Gas Delivery to Residential Sector A Red Line

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad says imposing restrictions on gas delivery to the household sector is a red line.

Petroleum Ministry Outlook for Defeating Oil Challenges

SHANA (Tehran) -The 14th administration plans to turn the tide for Iran's oil industry and the Minister of Petroleum Mohsen Paknejad is determined to raise Iran's oil production by 400, 000 barrels per day during his first year in office up to March 2025. The following report delves into his plan.

Golden Global Chances for Iran Petchem

SHANA (Tehran) - The Petrochemical sector is closely connected not only with oil industry activities but with the whole economy in view of creating jobs, economic growth and foreign currency revenues; and that is why, in the following report, "Iran Petroleum" has taken a look at the sector's performance and its future.

18 th Iran Plast Review

Iran Polymer Output Capacity to Hit 17 mt/y

SHANA (Tehran) - The following is a report published in Iran Petroleum's latest issue on Iran's petrochemical industry, specifically the polymer sector.

Daily Oil Products Smuggling Stands at Up to 30 ml

SHANA (Tehran) - The speaker of the Iranian parliament Mohammad Bagher Qalibaf has said that 25 to 30 million liters of oil products are smuggled out of the country daily, which is undoubtedly organized.

Oil Exports Continue As Usual, Paknejad

SHANA (Tehran) - With the coming to power of a new president in the United States, measures have been taken to ensure that Iran's oil exports continue without or with minimal challenges.

Gas Delivery to Power Plants Up by 3.3 mcm/d

SHANA (Tehran) - Natural gas delivery to power plants stood at 182 million cubic meters per day (mcm/d) during the week ended on 23 November, implying 3.3 mcm/d up against a similar period last year.

Gas Pressure-Boosting Projects High on the Agenda

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad has announced the South Pars gas field pressure-boosting project as one of the most important projects of the National Iranian Oil Company (NIOC).

OPEC and Russia highlight the importance of oil and energy markets stability

SHANA (Tehran) -The Organization of the Petroleum Exporting Countries (OPEC) and the Russian Federation held the Ninth High-level Meeting of the OPEC-Russia Energy Dialogue today, 22 November 2024, in Moscow, the Russian Federation.

Oil Refining Sector to Become Intelligent

SHANA (Tehran) - The National Iranian Oil Refining and Distribution Company (NIORDC) and the Vice Presidency for Scientific, Technology, and Knowledge-Based Economy plan to form a joint working group to lead the refining sector towards digital transformation and using intelligent methods.

Oil Production up by 60,000 b/d

SHANA (Tehran)—The CEO of the National Iranian Oil Company (NIOC) says that since the 14th administration took office in August, Iran's daily oil production has increased by 60,000 barrels, predicting that by the end of the Iranian year of 1403 on 20 March 2025, production to reach about 200,000 to 250,000 barrels per day.

Daily Gas Production Stands at 840 mcm/d

SHANA (Tehran) - As much as 840 mcm/d of gas is produced by gas processing plants across the country.