Shana

Khangiran gas field powers eastern Iran with safe overhauls

SHANA (Tehran) – The head of Khangiran operational zone said that despite sandstorms, extreme heat, and even a 12-day war, the workforce carried out more than 170,000 safe work hours of overhauls to prepare the facilities for maximum production in winter.

NISOC stresses balancing oil output with environmental safeguards

SHANA (Tehran) – The National Iranian South Oil Company (NISOC) is prioritizing both production continuity and environmental protection, the company’s managing director said.

Gov’t spox: Fuel supply to power plants improves

SHANA (Tehran) – Government spokeswoman Fatemeh Mohajerani said fuel supplies for power plants have improved compared with previous years, but warned that the country still faces an energy imbalance.

SP Phase 14 refinery handed over to SPGC

SHANA (Tehran) – The Phase 14 refinery of the South Pars gas field has been handed over to the South Pars Gas Complex (SPGC) as its final operator.

NIOC transfers 130 exploratory wells to operators

SHANA (Tehran) – The National Iranian Oil Company has delivered more than 130 exploratory wells to operating companies, with about 70% of them ready to enter oil and gas production after repair and completion work, a senior official said.

Tehran installs emergency gas vent towers to boost safety

SHANA (Tehran) – The Tehran Gas Company has begun installing emergency gas vent towers in the capital as part of a project to strengthen the city’s resilience to earthquakes and natural disasters.

Summer gasoline demand in Iran surges to highest level in years

SHANA (Tehran) – Iran’s gasoline consumption hit a record high this summer, totaling about 12.5 billion liters, with an average daily use of 134.3 million liters, according to the National Iranian Oil Products Distribution Company.

Iran sets new power plant gas consumption record at 27 bcm

SHANA (Tehran) – Power plants in Iran consumed more than 27 billion cubic meters of natural gas during the summer months, setting a new record in fuel supply.

Mobile desalting unit lifts production limits at Cheshmeh-Khosh field

SHANA (Tehran) — The launch of a mobile desalting unit at the Cheshmeh-Khosh oil field has removed production restrictions and marked a major step in cooperation with the National Iranian Oil Company, according to the head of ZN Vostok.

NIOC focuses on boosting output, capturing associated gas

SHANA (Tehran) — The National Iranian Oil Company is centering its plans on boosting production and capturing associated gas despite external pressures and sanctions, the company’s chief said Wednesday.

Oil minister:

Snapback mechanism won’t create new restrictions on oil sales

SHANA (Tehran) – Iran’s oil minister said Wednesday that the snapback mechanism would not create new obstacles to crude oil sales, stressing that the government has plans in place should challenges arise.

Iran boosts oil production by 14,000 barrels a day

SHANA (Tehran) — Iran has increased output at the Cheshmeh-Khosh oil field by 14,000 barrels a day after launching a mobile desalting unit, raising total daily production to 114,000 barrels, the head of the Petroleum Engineering and Development Company (PEDEC) said Wednesday.

Iran to finance fleet renewal with diesel savings bonds on energy exchange

SHANA (Tehran) – The head of the National Iranian Oil Products Distribution Company said diesel savings bonds will be offered on the Iran Energy Exchange to help fund the replacement of the country’s aging transportation fleet.

Petchem industry plays strategic role in Iran’s economy, currency supply

SHANA (Tehran) — Iran’s petrochemical sector remains competitive despite sanctions and provides nearly half of the country’s foreign currency needs and about 25% of non-oil exports, a senior official said Tuesday.

Iran refineries moving toward solar power

SHANA (Tehran) – Iranian refineries are expanding efforts to conserve water and energy by building wastewater treatment plants and investing in solar power generation, a senior oil official said.

Gov’t spox: Fuel reserves improved

SHANA (Tehran) — Iran’s government spokesperson said Tuesday that the country’s fuel reserves have improved compared with last year, despite being about 40% to 45% lower at the start of September 2024.

EOGPC ready to produce 65 mcm of gas in winter

SHANA (Tehran) – The caretaker of East Oil and Gas Production Company (EOGPC), a subsidiary of Iranian Central Oil Fields Company (ICOFC) announced the company’s full readiness to produce gas during the cold season, saying this winter’s assigned program is to produce 65 million cubic meters of gas per day from northeastern fields to help meet the needs of the northeast and northern regions of the country.

Iran’s weekly gas consumption tops 4.4 bcm

SHANA (Tehran) — Gas consumption in Iran’s power plants, major industries, and households exceeded 4.4 billion cubic meters during the fourth week of Shahrivar (Sept. 13–Sept. 19), according to official data.

Sustainable petchem production tied to stronger state-industry coop

SHANA (Tehran) – The head of Iran’s National Petrochemical Company stressed the need for cooperation between the state and petrochemical companies to ensure sustainable production, saying that the new Commission for Arbitration Development in the industry could help strengthen alignment among sector players.

NIOC says oil sales continue through diverse methods

SHANA (Tehran) – Iran continues to sell and export oil through a range of methods in line with national policies, the managing director of the National Iranian Oil Company said, rejecting speculation about changes in the country’s sales strategy.

Ensuring stable gas production with the new pipeline of SP Phase 16

SHANA (Tehran) – The project manager of the new pipeline for South Pars Phase 16 at the Iranian Offshore Engineering and Construction Company outlined the details of the offshore and onshore pipeline project, saying that the initiative has secured stable gas production from the platform.

The Recent OPEC+ Decision on Oil Production: Implications for Global Market Stability

SHANA (Tehran) - OPEC+, a key coalition of oil producers, has been instrumental in maintaining global oil market stability. In April and November 2023, eight members include, Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, voluntarily cut production by 2.2 million barrels per day (bpd) to counter demand fluctuations. As economic conditions improved and oil inventories declined, the group decided in December 2024 to gradually restore these cuts starting April 2025.

Comprehensive telecommunications plan launched in West Karoun

SHANA (Tehran) – The official overseeing construction of the West Karoun power plant and related facilities said oil processing centers in the region’s fields will be connected to an integrated, high-capacity telecommunications network.

Petrochemical industry focused on stable feedstock supply

SHANA (Tehran) – The National Petrochemical Company’s production control director said Iran’s petrochemical output in 1404 has remained defensible despite a 12-day war, with field development, flare gas recovery and investments in gas-saving projects identified as key strategies to secure stable feedstock.

Gas network completion leads to enhanced transmission resilience

SHANA (Tehran) – The completion of a series of pipeline projects, pressure booster stations and storage plans during the 14th administration has played a fundamental role in completing the country's gas transmission rings, enhancing national energy security and fostering economic development in various regions, said the CEO of Iran Gas Engineering and Development Company (IGEDC).

Second development well completed at Yadavaran oil field

SHANA (Tehran) – The National Iranian Drilling Company announced the completion of drilling operations on the second development well at the Yadavaran joint oil field, part of a six-well project.

Iran, Russia set to deepen economic ties before 19th Joint Commission

SHANA (Tehran) — Iran’s oil minister said Wednesday that the country is pursuing the outcomes of the 18th Iran-Russia Joint Economic Cooperation Commission and preparing to host the 19th session in Iran.

Iran’s 74% reliance on gas sparks energy diversification warning

SHANA (Tehran) – Iran’s reliance on natural gas for about 73% to 74% of its energy mix is unprecedented worldwide and poses long-term risks, the head of the National Iranian Gas Company said.

Power plants lead gas consumption, setting daily record of 329 mcm

SHANA (Tehran) – Natural gas consumption across three main sectors — power plants, major industries, and households, businesses and small industries — reached about 4.49 billion cubic meters in the third week of September, with power plants recording a new daily peak of 329 million cubic meters on Sept. 9.