Shana

13 women appointed to boards of subsidiary companies of NIGC

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) announced the appointment of 13 female colleagues to the boards of directors of the company’s subsidiaries for the first time.

Household gas consumption remains above 600 mcm

SHANA (Tehran) – Household, commercial, and small industrial gas consumption continues to exceed 600 million cubic meters (mcm), accounting for 71% of the total gas delivered to the national grid.

President vows gratitude for help in addressing imbalances

SHANA (Tehran) – President Masoud Pezeshkian emphasized the need for scientific and expert-driven solutions to address imbalances in critical sectors such as water, electricity, gas, fuel, energy, and financial resources.

South Pars Gas Complex overhauls to begin next month

SHANA (Tehran) – The head of maintenance engineering at the South Pars Gas Complex announced that major overhauls of the facility’s refineries will begin next Iranian calendar month.

Successful winter preparedness ensures smooth operations at SP refineries

SHANA (Tehran) – The director of coordination and production supervision at the National Iranian Gas Company highlighted new records in gas supply from South Pars to the national grid, stating that the refineries' full preparedness allowed the country to successfully navigate a recent cold spell.

Bank account-based fuel purchasing to begin in coming months: NIORDC

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced that a new fuel purchasing system linked to vehicle owners' bank accounts is expected to be implemented in the coming months.

NPC head highlights leveraging strategic successes to advance petchem industry

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of the Petrochemical Industry Excellence Award, stating that the successful presence of petrochemical companies in various fields has driven industry players toward excellence and progress.

Oil industry requires massive investment

SHANA (Tehran) - A faculty member at Allameh Tabataba'i University stated that the oil industry requires substantial investment, emphasizing that existing perspectives on concession agreements need revision.

Turkmenistan begins gas exports to Turkey via Iran

SHANA (Tehran) - Iran’s Oil Minister announced the start of natural gas flow from Turkmenistan to Turkey through Iran, stating that the agreement has been finalized and gas is now being transported.

Iran, Iraq stress expanding energy cooperation

SHANA (Tehran) — Iran’s Oil Minister and Iraq’s Electricity Minister emphasized the need to expand cooperation in oil, gas, petrochemicals, and electricity between the two countries during a meeting Wednesday.  

Upstream energy investment transformation event to be held in Tehran

SHANA (Tehran) – The Strategic Transformation in Iran’s Upstream Oil and Gas Sector event, aimed at unlocking investment and financing in National Iranian Oil Company (NIOC) projects, will take place on April 15, in Tehran.

Bovard appointed to board of trustees at Institute for International Energy Studies

SHANA (Tehran) – Hamid Bovard, managing director of the National Iranian Oil Company, has been appointed as a member of the board of trustees at the Institute for International Energy Studies.

6% increase registered in natural gas consumption in residential sector

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) reported a 6% increase in natural gas consumption by the residential, commercial, and small industrial sectors on Tuesday (March 4) compared to the same day last year.

MP: Transferring gasoline quotas to bank accounts promotes transparency

SHANA (Tehran) – The head of the Parliament Energy Committee stated that transferring gasoline quotas to bank accounts would enhance transparency and expressed that this move would lead to public satisfaction and clarity in gasoline rationing.

867 mcm of gas delivered to national grid in one day

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 867 million cubic meters (mcm) of natural gas were delivered to the national grid on Monday.

Localization of reactor prevents millions of dollar outflow

SHANA (Tehran) – The first domestically produced methanol synthesis reactor, which has been localized to prevent tens of millions of dollars outflow, was installed at the second phase of the Sabalan Petrochemical Complex.

Gov’t launches 14 major projects to address imbalances

SHANA (Tehran) – The government spokesperson announced that the administration is implementing 14 major projects, or megaprojects, aimed at reducing imbalances, with some focusing on production and others on demand.

Arya Sasol develops new polyethylene grade for drip irrigation tape

SHANA (Tehran) – Arya Sasol Polymer Company successfully developed a new medium-density polyethylene grade for the production of drip irrigation tape, marking a first in the country.

Agreement inked to transfer gasoline quotas to bank accounts

SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) and the Tehran Municipality signed an agreement to pilot the transfer of gasoline quotas from fuel cards to vehicle owners' bank accounts.

Parliament speaker orders comprehensive report on energy imbalance

SHANA (Tehran) – The Speaker of the Parliament tasked the Energy Committee with preparing a detailed report on the energy imbalance to be presented during an open session of the Parliament.

KOGPC reaches daily production of 1m barrels

SHANA (Tehran) – The CEO of Karoon Oil & Gas Production Company (KOGPC) announced an 11% increase in the company's oil production in the year 1403 (2024-2025) compared to the previous year, stating that daily oil production at Karun has reached 1 million barrels.

Five provinces account for 45% of Iran’s gas consumption

SHANA (Tehran) – The head of Iran’s National Gas Dispatching Center announced that on February 26, gas consumption in the residential and commercial sectors reached 703 million cubic meters (mcm), stating that the provinces of Tehran, East Azarbaijan, Razavi Khorasan, Isfahan, and Mazandaran had the highest gas consumption, accounting for 45% of the country’s total gas usage.

OPEC+ countries to gradually restore oil production starting April

SHANA (Tehran) – The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on March 3, 2025, to review global market conditions and the future outlook.

Minister: Energy imbalance problem decades in the making

SHANA (Tehran) – Oil Minister Mohsen Paknejad stated on Tuesday that the current imbalance in energy carriers is not the result of decisions made over the past three months, three years, or even six years.

Sustainable gas production attributed to SP employees’ efforts

SHANA (Tehran) – The CEO of the South Pars Gas Complex highlighted recent production records, stating that work and production are central to the country’s economic development and progress.

Gas, diesel deliveries exceed targets this winter

SHANA (Tehran) – Gas and diesel deliveries during the winter of the current year surpassed the predetermined quotas, with average daily gas supply to the network exceeding 870 million cubic meters in the month of Bahman (Jan. 19-Feb. 18).

Investment in Band Karkheh oil field development approved by Economic Council

SHANA (Tehran) – The Economic Council, during its meeting on Monday, reviewed and approved a request from the Ministry of Oil to amend a previous resolution regarding a gas supply project for power plants on Kish Island and to invest in the development and operation of the Band Karkheh oil field.

NPC:

Over $9b from petchem exports returned to national economy

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that the total exports of the petrochemical industry over the past 11 months amounted to approximately $12 billion, of which $9.14 billion reinjected into the country’s economic cycle.

Iranian crude oil OSP for March announced by NIOC

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.