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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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).
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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.
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Upstream Oil Investment Strategy to Change
SHANA (Tehran) - Iran’s petroleum industry experienced a turning point in May 2025. National Iranian Oil Co. (NIOC) introduced more than 200 investment opportunities worth $137 billion, signaling its inclination for partnership with the private sector and foreign investors. Amir Moqiseh, NIOC director of investment and business, tells “Iran Petroleum” that Iran’s new oil strategy is translated into sweetening terms of oil contracts, hedging investment risks, ending restrictions enshrined in old contracts and full support for the private sector.
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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.
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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.
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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.
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South Pars refineries ready for winter, official says
SHANA (Tehran) – The National Iranian Gas Co. is accelerating strategic projects and boosting efficiency at South Pars refineries to ensure stable gas production during the cold season, a senior official said.
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Petchem industry saves 1.7 bcm of gas through efficiency measures
SHANA (Tehran) – The energy optimization director of the National Petrochemical Company announced that 1.7 billion cubic meters of gas have been saved over the past four years through efficiency projects.
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Transparency, public awareness key to tackling energy imbalances
SHANA (Tehran) – The social adviser to the president said addressing the country’s energy imbalance requires transparency, open dialogue with the public, and cultural awareness, warning that without social reforms, imports and investments will be ineffective.
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NIGC chief calls for industry standards to curb ‘virtual gas exports’
SHANA (Tehran) –National Iranian Gas Company CEO Saeid Tavakoli said standardizing industries is essential to prevent so-called virtual gas exports.
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Power plants, industries among top energy consumers; efficient use essential
SHANA (Tehran) – Masoumeh Aqapour, an adviser to the president, said Monday that energy efficiency should not be limited to the final stage of consumption but must cover the entire production chain, particularly power plants and major industries, which are the largest energy consumers.
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Boosting power plant efficiency, fuel diversity seen as key to narrowing Iran’s energy imbalance
SHANA (Tehran) — Increasing efficiency at power plants, diversifying fuel use and adopting high-efficiency equipment in industry are crucial to reducing Iran’s energy imbalance, the head of the National Iranian Gas Company said Monday.
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Private sector holds 15% share in Iran’s petrochemical industry
SHANA (Tehran) – About 15% of Iran’s petrochemical industry is currently controlled by the private sector, the head of the National Petrochemical Company said Monday, expressing hope that the share will increase by the end of the country’s Seventh Development Plan.
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Iran plans for winter energy needs to prevent shortages
SHANA (Tehran) – A meeting of the "Headquarters to Address Shortfalls" on the subject of winter energy and fuel supply was held with the deputies of the oil and power ministers in attendance, a member of the Iranian Parliament's Energy Committee said.
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Ilam Gas Refinery boosts capacity, production stability in western Iran
SHANA (Tehran) – The CEO of Ilam Gas Refinery announced that the refinery was in service with 99.4% reliability during the winter and met all its production program commitments. He stated that the second phase of the company currently has 90% physical progress, and upon its completion, it will add 50% to the refinery's total capacity.
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Iran inks $600m contract to develop Madar gas field
SHANA (Tehran) – Iran’s National Iranian Oil Co. signed a $600-million contract to develop and operate the Madar gas field with Isfahan’s Mobarakeh Steel Co. and the Oil Industries Engineering and Construction Co. (OIEC), the company announced.
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Madar gas field development to begin soon
SHANA (Tehran) – The development of Iran’s Madar gas field will soon enter its execution phase, a project the head of the National Iranian Oil Company (NIOC) stated would help address the country's gas shortfall. Similar contracts are expected to be signed this year.
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Iran’s gasoline use tops 1b liters in a week
SHANA (Tehran) – Iran’s gasoline consumption surpassed 1 billion liters in the week ending September 12, setting a new record with an average daily use of about 143.7 million liters, according to the National Iranian Oil Products Distribution Company.
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Petrochem expo set for January in Kish
SHANA (Tehran) – The third edition of the Petrochem Exhibition will be held January 6-8 at the Kish International Exhibition Center, aiming to support domestic production and technology companies.