Shana

Easing investment in petrochemical industry necessary

SHANA (Tehran) – The head of Iran’s National Petrochemical Company stressed the need to attract new investments and boost production, urging the use of all available capacities to finance petrochemical projects.

Parliament’s Energy Committee reviews statutes of refining, petrochemical firms

SHANA (Tehran) – The spokesman for Parliament’s Energy Committee said Monday the panel reviewed draft statutes for the National Iranian Oil Refining and Distribution Company and the National Petrochemical Company.

Oil Engineering Olympiad seen as key to attracting talent

SHANA (Tehran) – The deputy oil minister for engineering, research and technology said holding the Oil Engineering Scientific and Research Olympiad is an important step toward fulfilling the Leader’s call to engage top talent in developing new technologies for the oil industry.

NIOC ready to share risks, support university innovations

SHANA (Tehran) – The CEO of the National Iranian Oil Company said innovative and technological ideas must deliver practical results, adding that the company is prepared to shoulder the operational costs and risks of implementing such projects in the oil industry.

NIOC, NDF plan joint model to boost oil, gas output

SHANA (Tehran) – The head of the National Iranian Oil Company announced a new model of cooperation with the National Development Fund, using diverse investment methods to increase oil and gas production.

Oil Ministry recognized for transparency, public information access

SHANA (Tehran) – The Ministry of Oil and its affiliated companies were commended for fully implementing the law on the dissemination and free access to information, ensuring the public’s right to access information from government agencies, the Ministry of Culture and Islamic Guidance said.

Energy imbalance reform seen as key to boosting productivity

SHANA (Tehran) – Iran’s Parliament Speaker Mohammad-Baqer Qalibaf on Monday called reforming the country’s energy imbalance one of the most important steps in economic policy, warning that without it, productivity cannot be achieved. He emphasized that such reforms should ensure that the public clearly and tangibly benefits from the economic gains.

HSE remains central to all oil industry operations

SHANA (Tehran) – The CEO of the National Iranian Oil Company marked National Firefighting and Safety Day by highlighting the bravery of the oil industry’s firefighters and emphasizing the importance of health, safety, environment, and employee well-being in all oil sector activities.

Gas industry staff ensure steady energy flow across Iran

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) praised the dedication and tireless efforts of the country’s gas workers in maintaining a secure and uninterrupted gas supply nationwide.

Oil production hits record high with development projects

SHANA (Tehran) – Iran has broken its oil production record for the first time in seven years following new development measures in its oil fields, the oil minister said.

Paknejad honors firefighters, stresses safety in oil industry

SHANA (Tehran) – Oil Minister Mohsen Paknejad marked September 29, National Firefighting and Safety Day, as an opportunity to honor the tireless efforts of firefighters who work around the clock to save lives, protect national assets and safeguard the country’s vital facilities.

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.