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Specialized workforce strengthening crucial in exploration sector
SHANA (Tehran) – The director of oil and gas production supervision at the National Iranian Oil Company (NIOC) emphasized the importance of maintaining and strengthening a specialized workforce in the exploration sector, describing it as the first link in the oil industry’s value chain.
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Over 660m liters of power plant fuel delivered in one week
SHANA (Tehran) – Recent statistics show that during the past week (Feb. 22-28), amid an unprecedented drop in temperatures across the country, a record-breaking 660.236 million liters of liquid fuel for power plants were delivered. This marks an increase of approximately 44% compared to the same period last year.
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75% of natural gas consumption in residential sector
SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 75% of the total natural gas delivered to the national grid is consumed by the residential, commercial, and small industrial sectors.
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Aref: Gasoline production costs 50 cents per liter
SHANA (Tehran) – The First Vice President stated that the production cost of each liter of gasoline for the government is 50 cents, but it is sold at a rate of 1,500 tomans.
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SCI: Iran’s GDP grows 3.1% in nine months, fueled by oil sector
TEHRAN, Iran – According to the latest quarterly national accounts released by the Statistical Center of Iran, the country’s gross domestic product (GDP) at constant 1400 prices grew by 3.1% year-over-year in the first nine months of the Iranian calendar year 1403 (March 20–December 20, 2024), including oil. Excluding oil, GDP grew by 2.2% during the same period.
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Preparations complete for Nowruz fuel supply in Northern Iran
SHANA (Tehran) – The director of the North Region of Iran Oil Pipelines and Telecommunications Company (IOPTC) stated that the oil transportation sector is fully prepared to supply fuel for the Nowruz holidays in Mazandaran and Golestan provinces.
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866 mcm of natural gas delivered to national grid
SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced the production and delivery of 866 million cubic meters (mcm) of natural gas to the national grid.
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Monitoring system unveiled to boost production at five oil fields
SHANA (Tehran) – A new monitoring system aimed at advancing development projects and increasing production at the Aban, Paydar Gharb, Cheshmeh Khosh, Dalpari, and Paydar Sharq oil fields was unveiled Wednesday.
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Working under sanctions is challenging, but solutions exist: PGPIC
SHANA (Tehran) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) emphasized the implementation of new plans to sustain the country's economic momentum, stating that serious solutions for financing must be found even under sanctions. While sanctions bring difficulties, it cannot be said that there are no solutions.
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President urges modification of consumption patterns for gas, gasoline, diesel, electricity
SHANA (Tehran) – President Masoud Pezeshkian raised the question of whether the country’s consumption patterns for gas, gasoline, diesel, electricity, and other resources are appropriate.
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Iran's household gas consumption exceeds 700 mcm
SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced a historic record in gas consumption for the household, commercial, and small industrial sectors, reaching 703 million cubic meters (mcm) in 24 hours.
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Record-breaking gas consumption in Tehran; calls for conservation
SHANA (Tehran) – The spokesperson for Tehran Province Gas Company reported on Thursday that gas consumption exceeded 126 million cubic meters (mcm) in the past 24 hours and urged the public to help ensure a stable gas supply by managing their usage.
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New ruling issued in Crescent Petroleum case in favor of NIOC
SHANA (Tehran) – The Arbitration Tribunal dismissed Crescent Petroleum’s claim that the National Iranian Oil Company (NIOC) is liable to the UAE company for damages caused to third parties (companies contracted with Crescent Petroleum).
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Shazand Oil Refinery maintains production levels
SHANA (Tehran) – The CEO of Shazand Oil Refinery stated that operational activities at the refinery’s units are continuing as normal, with no disruption to the production process or output of strategic products, including gasoline and other essential derivatives needed by the country.
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SPGC maximizes efforts for public welfare amid severe cold
SHANA (Tehran) – The CEO of the South Pars Gas Complex (SPGC) announced that the facility is making every effort to ensure public welfare during the country’s severe cold weather.
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Daily household gas consumption reaches 700 mcm
SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 80% of the total gas supplied to the network was consumed by the household, commercial, and small industrial sectors as temperatures dropped. On Tuesday (February 25), these sectors consumed 692 million cubic meters (mcm) of gas.
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135m barrels of gas condensates sent to Persian Gulf Star Refinery
SHANA (Tehran) – The manager of a site at the South Pars Gas Complex described the role of the complex’s refineries in supplying feedstock to the Persian Gulf Star Refinery as strategic, stating that since the beginning of this year (March 20, 2024), over 135 million barrels of gas condensates have been sent from South Pars refineries to the Persian Gulf Star Refinery.
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Successful execution of second nanofluid injection pilot at Belal field
SHANA (Tehran) – The second pilot injection of nanofluid, produced by the Research Institute of Petroleum Industry (RIPI), was successfully conducted at well BL-1P in the Belal oil field with the support of the Iranian Offshore Oil Company (IOOC).
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IOTC ready to export any volume of delivered oil, CEO says
SHANA (Tehran) – The CEO of the Iran Oil Terminals Company (IOTC), during a visit to the Kharg oil terminal, emphasized the company’s critical role in the oil value chain, stating that the IOTC, relying on domestic capabilities and strategic infrastructure, is prepared to export any volume of oil delivered to it.
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NPC head visits development projects in Makoran region
SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) visited the progress of petrochemical industry development projects in the Makoran region and emphasized the necessity of completing the value chain in the area.
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Empowering human resources, foundation of oil industry development
SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC), while appreciating the efforts of the industry's employees in addressing the country's gas imbalance, emphasized the importance of agility and enhancing the knowledge level of human resources in subsidiary companies.
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Record high set in power plant diesel deliveries amid winter challenges
SHANA (Tehran) – The average daily delivery of diesel to power plants reached an unprecedented 60 million liters during the first week of the Iranian month of Esfand (Feb. 19-25), marking a 130% increase compared to the same period last year, when deliveries averaged 26 million liters per day.
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Energy Committee pursues establishment of Energy Optimization Organization
SHANA (Tehran) – The deputy chairman of the Energy Committee in Parliament stated that the legislature, particularly the Energy Committee, is seeking to establish an Energy Optimization Organization.
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Smartization, digitalization of Darkhovein oil field discussed at Petrotech Conference
SHANA (Tehran) – A meeting to discuss the smartization and digitalization of the Darkhovein oil field was held on the sidelines of the Third Petrotech Conference.
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Unprecedented gas consumption in capital; new record set
SHANA (Tehran) – The CEO of Tehran Province Gas Company reported a rise in gas consumption in the residential and commercial sectors in the capital compared to last year, announcing that a new gas consumption record was broken in Tehran last night.
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Aryasasol Polymer Company expands export markets to 32 countries
SHANA (Tehran) – The CEO of Aryasasol Polymer Company announced that the company’s export markets have expanded to 32 countries, up from 16 countries in 2022, driven by direct sales.
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Iran achieves self-sufficiency in designing, manufacturing advanced control valves
SHANA (Tehran) – For the first time in the country, domestic experts, with the support of Arvand Petrochemical Company, have successfully designed and manufactured an advanced control valve, marking a significant step toward industrial self-sufficiency and reducing reliance on imports in the oil, gas, and petrochemical industries.
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New round of US sanctions targets Iran’s oil industry
SHANA (Tehran) – The US Departments of the Treasury and State have jointly imposed sanctions on several individuals and companies associated with Iran's oil industry, as part of Washington's ongoing maximum pressure campaign against Tehran.
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Tehran residents consume up to 70 mcm of gas daily
SHANA (Tehran) – The operations manager of Tehran Province Gas Company stated that Tehran residents consume between 65 to 70 million cubic meters (mcm) of gas daily and confirmed the full readiness of gas pressure reduction stations across the province.
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Power plant mazut distribution registers 132% growth
SHANA (Tehran) –The average daily distribution of mazut to power plants from February 19 to 24 reached 58 million liters, marking a 132% increase compared to the same period last year, when the average daily delivery was 25 million liters.