Shana

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.

GECF Launches new edition of its Global Gas Outlook report

SHANA (Tehran) – The Gas Exporting Countries Forum (GECF) officially launched the latest edition of its annual flagship publication, the Global Gas Outlook (GGO), today at the GECF Secretariat via video conference.

NISOC, signs MoU with NIOC Exploration Directorate

SHANA (Tehran) – The National Iranian South Oil Company (NISOC) and the Exploration Directorate of the National Iranian Oil Company (NIOC) signed a cooperation agreement to collaborate on exploration, development, and production processes.

MP says petchem industry helps bypass sanctions, generate revenue

SHANA (Tehran) – The head of the parliamentary faction overseeing the oil, gas, and petrochemical industries described the petrochemical sector as one of the country's most vital industries.

NIDC ready to boost cooperation in exploration projects

SHANA (Tehran) – The CEO of the National Iranian Drilling Company (NIDC) announced the company’s readiness to expand cooperation with the Exploration Directorate of the National Iranian Oil Company (NIOC) in drilling exploration wells and providing related services. He stated that such collaborations could accelerate the implementation of oil industry projects.

NGL 3100 Project: A key step in reducing gas flaring

SHANA (Tehran) – A coordination meeting for the launch of the Dehloran Petro-Refining Project (NGL 3100) was held with the participation of senior oil industry representatives in the Cheshmeh-Khosh operational area, marking a significant step toward transforming associated gas management and promoting sustainable development.

South Pars refineries' safety systems upgraded with domestic equipment

SHANA (Tehran) – The head of safety and firefighting at the South Pars Gas Complex announced that the safety and firefighting systems at the South Pars refineries are being modernized and updated using domestically produced equipment.

NPC:

Petrochemical companies committed to returning forex to economy

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized that the petrochemical industry is committed to returning the foreign currency earned from exports to the country’s economic cycle, stating that all currency obligations of petrochemical companies have been fulfilled.

MP: Oil Ministry actively pursues collection of APG

SHANA (Tehran) – The head of the Iranian Parliament's Article 90 Committee stated that the Oil Ministry is seriously pursuing the collection of associated petroleum gas (APG) but emphasized that the process needs to be accelerated.

Petrofarhang achieves record in production, profitability

SHANA (Tehran) - The CEO of Petrofarhang Holding announced that the company achieved its best performance in history during the fiscal year 1403 (started March 20, 2024), marked by a significant leap in production, exports, and profitability, allowing it to move out of loss-making territory.

NIOPDC:

Fuel reserves for Nowruz in better condition than last year

SHANA (Tehran) – The deputy CEO of National Iranian Oil Products Distribution Company (NIOPDC) announced the start of a nationwide monitoring plan for fuel supply during Nowruz, the Persian New Year, alongside a simultaneous operational drill across the country's oil depots. He stated that fuel reserves for the holiday are in a better position compared to last year due to prior planning.

Iran dismisses reports of halting Iranian oil vessels

SHANA (Tehran) – The spokesperson for Iran's Foreign Ministry dismissed claims made by Reuters regarding the halting of Iranian oil tankers, labeling them as fabricated, false, or biased reporting.

Household gas consumption exceeds 550 mcm

SHANA (Tehran) – The consumption of gas in the residential, commercial, and small industrial sectors has surpassed 550 million cubic meters (mcm), accounting for 65% of the total gas delivered to the national grid.

First well of SP infill drilling project comes online

SHANA (Tehran) – The first well of a 35-well infill drilling project in the South Pars field has been commissioned, according to the CEO of Pars Oil and Gas Company (POGC). The project aims to maintain and sustain gas production from the field.

MP:

South Pars pressure enhancement project a key step in boosting production

SHANA (Tehran) – A member of the Iranian Parliament’s Budget Integration Committee stated that leveraging domestic capabilities in the South Pars pressure enhancement project is a significant step toward achieving this year’s slogan of "boosting production with public participation, revitalizing industries, creating jobs, and fostering hope."

Pressure boosting more essential than daily bread: Lawmaker

SHANA (Tehran) – The deputy chairman of the Energy Committee of the Iranian Parliament emphasized the importance of pressure boosting in the South Pars gas field, stating that it is "more essential than daily bread."

Enormous savings achieved in SP through indigenization: SPGC

SHANA (Tehran) – The CEO of the South Pars Gas Complex (SPGC) announced great amount of savings resulting from the domestic production of strategic parts and equipment by local companies.

Over 850 mcm of natural gas supplied to national network

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 852 million cubic meters (mcm) of natural gas were delivered to the national network on Saturday.

Senior MP: South Pars pressure boost plan to yield high economic benefits

SHANA (Tehran) – A member of the Iranian Parliament’s presiding board stated that the pressure enhancement plan for the South Pars joint gas field is a significant development that will bring substantial economic benefits to the country.

Petchem industry nears 100-m-ton production capacity: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that the petrochemical industry is on the verge of reaching a production capacity of 100 million tons.

South Pars recovery rate to increases by 21% with pressure boost project

SHANA (Tehran) – The executive of the strategic pressure enhancement project for the South Pars gas field highlighted details of this massive and strategic initiative, stating that its implementation will increase the field’s recovery rate from 54% to 75%, generating an economic value of $780 billion for the country.

NDF urged to accelerate South Pars pressure boost project

SHANA (Tehran) – The head of the Energy Committee in Parliament emphasized that implementing the South Pars pressure enhancement project will alleviate concerns in the energy sector.

President acknowledges energy challenges, calls for unity, efficiency

SHANA (Tehran) – President Masoud Pezeshkian acknowledged on Saturday that Iran faced a difficult winter but praised the efforts of the oil, energy, and interior ministries for helping the nation navigate the challenges.

Minister: $19b annual investment needed in gas sector

SHANA (Tehran) – The minister of oil announced that an average annual investment of $19 billion is required over the next four years to achieve a daily production of 1.34 billion cubic meters of gas.

Azar Field gas facilities successfully operation

SHANA (Tehran) – The director of the Azar Oil Field Development Project announced the successful completion of the startup and operation process for the field's gas facilities.

South Pars gas compression plan contracts signed in president's presence

SHANA (Tehran) – Contracts for the pressure boost plan of the South Pars gas field, valued at approximately $17 billion, was signed on Saturday, March 8, in the presence of the President Masoud Pezeshkian and senior oil industry officials.

Household sector accounts for 68% of natural gas consumption

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) said on Friday that 68% of the natural gas delivered to the network on the previous day was consumed by the household, commercial, and small industrial sectors.

HSE enhancement in petchem industry set as goal in Asaluyeh: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the pursuit of major objectives to establish a centralized HSE (Health, Safety, and Environment) structure in the Asaluyeh region.

45% increase registered in power plant diesel delivery: NIORDC

SHANA (Tehran) – According to the Integrated Planning Management of the National Iranian Oil Refining and Distribution Company (NIORDC), the average daily distribution of power plant diesel in Esfand reached approximately 60 million liters, marking a 45% increase compared to the same period last year.