Shana

Examining strategies to accelerate development of Yaran oil field

SHANA (Tehran) – A joint meeting was held between managers and contractors of the Yaran oil field development project to explore strategies for speeding up the project's progress.

Electronic version of investment opportunities booklet published

SHANA (Tehran) – The electronic version of the Investment and Financing Opportunities for Projects of the National Iranian Oil Company booklet has been released.

South Pars platforms begin overhaul for safe winter operations

SHANA (Tehran) – The major maintenance period for South Pars gas platforms has begun at the start of the warm season to ensure safe and sustainable gas production this winter. The overhaul is expected to be completed within six months through precise execution of repair plans.

CEO: Miankaleh project has no permit from NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the Miankaleh Petrochemical Project failed to obtain environmental permits from the outset and emphasized that no permit was issued by the company for the project. The matter is now under review in compliance with a formal order from the president, with a comprehensive report being prepared.

Use of Iranian expertise in Niger’s petchem projects

SHANA (Tehran) - The CEO of Iran’s National Petrochemical Company (NPC) expressed Iran’s willingness to participate in the construction of petrochemical complexes in Niger and emphasized readiness to supply urea for the African nation’s agricultural sector.  

NPC:

Petchem production capacity to hit 105m tons by year-end 

SHANA (Tehran) - The CEO of the National Petrochemical Company (NPC) announced that by the end of the Iranian calendar year 1404 (March 2026), the nominal production capacity of the petrochemical industry is expected to reach 105 million tons, with exports of approximately 34.8 million tons worth about $13.6 billion. 

Paknejad:

Gasoline quality improvement continues with refinery upgrades

SHANA (Tehran) – Iran’s oil minister announced the continuation of quality improvement projects at domestic refineries to enhance gasoline standards, stating that some refineries already produce Euro 4 and Euro 5 gasoline. Once these projects are completed, the supply of higher-quality fuel will increase.

From Kharg to Asaluyeh

Persian Gulf: Beating heart of Iran's economy

SHANA (Tehran) – The Persian Gulf and its integral role in Iran's energy supply have made this shining body of water—stretching from Asaluyeh to Kharg—an irreplaceable pillar of Iran's economy.

Bid Boland Gas Refinery Development Project:

A key step in addressing energy imbalance

SHANA (Tehran) – The director of coordination and production supervision at the National Iranian Gas Company launched the acid gas sales project at Bid Boland Gas Refining Company, aiming to enhance productivity, reduce environmental pollution, and help address the country’s energy imbalance.

GECF Secretary General extends condolences after tragic incident at Shahid Rajaee Port

SHANA (Tehran) — The Gas Exporting Countries Forum (GECF) expressed deep sorrow over the deadly explosion at Shahid Rajaee Port in Bandar Abbas of Hormuzgan Province offering condolences to Iran’s government and people.

Tehran, Niamey to focus on oil, energy cooperation

SHANA (Tehran) – Iran’s first vice president announced that Iran is ready to cooperate with Niger in agriculture and energy, adding that the two nations can also share expertise in new technologies and artificial intelligence.

OPEC Secretary-General extends condolences to Paknejad following Bandar Abbas incident

SHANA (Tehran) – The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) expressed his condolences and sympathy to Iran’s oil minister following an explosion at the Shahid Rajaee port in Bandar Abbas.

Iran, Bolivia stress strengthening oil industry cooperation

SHANA (Tehran) – Iran’s oil minister emphasized the country’s readiness to expand and strengthen bilateral cooperation in oil, gas, refining and petrochemicals during a meeting with Bolivia’s minister of energy and hydrocarbons.

Fuel monitoring system to launch next month, aims to cut smuggling

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company announced that a fuel monitoring system for out-of-city fleets weighing over 50 tons will be implemented starting early Khordad (May 22 – June 21). He estimated that about 50% of fuel smuggling occurs in the transportation sector, and this initiative is expected to significantly curb the issue.

NIDC drills eight oil, gas wells

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) for drilling operations announced the drilling and completion of eight oil and gas wells using the company’s rigs during Farvardin (March 21–April 20), the first month of the Iranian calendar year.

Specialized teams of Oil Ministry dispatched to Shahid Rajaee Port

SHANA (Tehran) – The director-general of HSE at the Ministry of Oil announced the deployment of expert and HSE teams from the ministry and the National Iranian Oil Refining and Distribution Company (NIORDC) in response to the incident at Shahid Rajaee Port in Bandar Abbas.

Oil Ministry stands with grieving families, injured in Shahid Rajaee Port

SHANA (Tehran) – The director-general of public relations for the Ministry of Oil emphasized that the ministry is fully committed to assisting and providing aid to the grieving families and the injured.

Domestic goods used in overhaul of SP 9th Refinery

SHANA (Tehran) – The manager of the ninth refinery at the South Pars Gas Complex announced the complete use of domestically produced goods in carrying out the major overhaul operations at the refinery.

Bandar Abbas Oil Refinery assists in Shahid Rajaee Port incident

SHANA (Tehran) – The public relations manager of Bandar Abbas Oil Refining Company announced that all emergency and firefighting teams from the company have been working alongside other firefighting units to contain the blaze since the initial moments of the explosion at Shahid Rajaee Container Terminal.

NIORDC deploys teams to Shahid Rajaee Port

SHANA (Tehran) – Following an incident at Shahid Rajaee Port, the National Iranian Oil Refining and Distribution Company (NIORDC) has mobilized all available resources and equipment to assist with around-the-clock rescue, relief and firefighting operations.

Iran ready to export petchem products to Africa

SHANA (Tehran) – Iran’s first vice president announced the country’s readiness to accelerate Africa’s industrial growth through petrochemical exports.

Oil Ministry boosts power plant fuel supply by 36% in 33 days

SHANA (Tehran) – The CEO of National Iranian Oil Products Distribution Company announced a 36% increase in power plant fuel deliveries (diesel and mazut) in the first 33 days of this year (March 21 to April 22) compared to the same period last year.

First steam unit of Besat Power Plant begins operations

POGC: Oil sector supports power grid stability

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) said the first steam unit of the Besat combined-cycle power plant in South Pars has begun full-capacity operations.

Oil Ministry Ready to provide aid in Bandar Abbas incident

SHANA (Tehran) – The oil minister emphasized the ministry’s readiness to mobilize all resources and capabilities to assist and support those affected by the Bandar Abbas incident during these difficult times.

Early fulfillment of production targets achieved in three western oil fields

SHANA (Tehran) – The executor of the development plan for the Cheshmeh-Khosh, Dalpari, and Paydar Sharq oil fields announced that these three fields achieved their annual production targets in 2024, even exceeding the planned ceiling—a success that boosted the project’s revenue by over $200 million.

Stability in PVC market as Arvand Petrochemical boosts production

SHANA (Tehran) – Arvand Petrochemical has significantly increased production of various PVC grades by addressing challenges and implementing development strategies, playing a key role in stabilizing Iran’s PVC market.

Karun Petrochemical Complex sets monthly isocyanate production record

SHANA (Tehran) – The manager of Karun Petrochemical Complex announced that the facility broke Iran’s monthly isocyanate production record over the past four years.

Persian Gulf Star Refinery in safe condition

SHANA (Tehran) – The Persian Gulf Star Refinery is operating under safe conditions, and the explosion at Shahid Rajaee Port in Bandar Abbas of the southern province of Hormuzgan has no connection to the refinery’s oil storage tanks or facilities.

Bandar Abbas Oil Refinery operations continue uninterrupted

SHANA (Tehran) - The public relations manager of Bandar Abbas Oil Refining Company stated that operations at the Bandar Abbas Oil Refinery are proceeding without interruption and that the incident at Shahid Rajaee Port has no connection to the refinery.

NPC:

Russia’s lowered import tariffs present new opportunity for petchem industry

SHANA (Moscow) – The CEO of Iran’s National Petrochemical Company announced that Russia has reduced import tariffs on petrochemical products from around 20% to 4%, calling it a significant step in expanding Iran’s exports to Russia.