Shana

Oil production, exports continuing under favorable conditions

SHANA (Tehran) – Iran’s oil minister said Wednesday the country’s crude production and exports are ongoing and stable, though he declined to provide specific figures.

Petchem industry committed to meeting approved plans

SHANA (Tehran) – The planning and development director of the National Petrochemical Company (NPC) said the petrochemical sector remains firmly committed to its pre-approved goals and is seriously pursuing the implementation of its programs.

Iran Heavy crude prices rise 9.2%

SHANA (Tehran) – The price of Iran Heavy crude oil increased by $5.88, or 9.2%, in June compared to May, according to the latest monthly OPEC report.

Drilling fleet productivity nears 80%

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) for drilling operations put the drilling fleet productivity at 78% and announced a 9.1% reduction in standby time during the first quarter of this year. He stated that these achievements were made possible through domestic capabilities, coordinated planning, and centralized management.

Plan to boost daily crude oil production approved

SHANA (Tehran) – The National Development Fund’s investment in an emergency plan to increase crude oil production by 250,000 barrels per day was approved during a meeting of the Economic Council.

Decoding the message behind the Pezeshkian’s Oil Ministry visit

SHANA (Tehran) - Masoud Pezeshkian’s first visit as president to the Ministry of Oil was not merely a ceremonial gesture but carried a clear and strategic message for the vast family of Iran’s oil industry—a message blending gratitude for their resilience during the toughest days and emphasizing the industry’s irreplaceable role in safeguarding national resilience, energy security, and the country’s economic strength.

NIDC plans annual overhaul of seven rigs

SHANA (Tehran) — The National Iranian Drilling Company (NIDC) has developed a comprehensive annual plan to overhaul and modernize seven drilling rigs as part of a broader strategy to enhance technical and specialized services across the country’s onshore oil and gas fields, a senior official said.

Weekly natural gas consumption tops 4.2 bcm

SHANA (Tehran) – Iran consumed more than 4.2 billion cubic meters (bcm) of natural gas across three major sectors—power plants, large industries, and residential, commercial, and small industries—during the week ending July 11.

Senior lawmaker:

Oil Ministry’s performance during 12-day imposed war was highly effective

SHANA (Tehran) – A member of Iran’s Parliament presiding board said the Oil Ministry’s performance during the 12-day imposed war was highly effective, adding that the management of energy distribution—particularly gasoline—was commendable due to proper planning and precise execution.

Oil minister’s message after president’s visit:

Oil industry unity is key to overcoming crises

SHANA (Tehran) – The oil minister said the president’s visit to the Oil Ministry boosted the morale of petroleum industry workers. In a message, he thanked employees for their efforts during the days of the Zionist regime’s aggression, calling the solidarity of the oil industry’s workforce the key to overcoming crises.

President praises oil industry staff, calls them 'Frontline warriors'

SHANA (Tehran) – In a message acknowledging the resilience and tireless efforts of oil industry workers during the days of the Zionist aggression, the president said the employees of this sector were frontline warriors who, under the most challenging conditions, courageously and dutifully fulfilled their mission of securing the country’s energy supply.

Fuel supply held steady in war: Minister

SHANA (Tehran) – Oil Minister Mohsen Paknejad welcomed and thanked the president for his unannounced visit to the Oil Ministry on Sunday, calling it a morale booster for petroleum industry employees. He stated that during the 12-day war, the oil industry remained resilient and ensured uninterrupted fuel supply across the country.

Oil Ministry praised for key role in 12-day war effort

SHANA (Tehran) – President Masoud Pezeshkian made an unannounced visit to the Oil Ministry on Sunday, praising the round-the-clock efforts of oil industry workers during the 12-day war.

Pezeshkian lauds Oil Ministry’s crisis management during 12-day war

SHANA (Tehran) – President Masoud Pezeshkian made an unannounced visit to the Oil Ministry on Sunday where he met with Oil Minister Mohsen Paknejad and senior officials.

SP overhauling operations kept going during 12-day war

SHANA (Tehran) – The CEO of the South Pars Gas Complex described the overhaul process of the facility’s refineries, aimed at maintaining production stability, stating that the operations continued without interruption even during the challenging 12-day imposed war.

OPEC data: Global energy demand to rise 23% by 2050

SHANA (Tehran) – Global energy demand is projected to increase by 23% by 2050, while the world’s population is expected to grow by only 18% in the same period. Changing lifestyles and a 20% rise in urbanization rates will be the key drivers behind this surge in energy demand.

Parliament Energy Committee:

Refineries operating at full capacity

SHANA (Tehran) – The deputy chairman of the Iranian Parliament’s Energy Committee praised the efforts of oil industry workers during the 12-day war, stating that all refineries are currently operating at full capacity, with fuel transportation and distribution proceeding smoothly.

NIDC ready to expand regional role

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) announced a comprehensive plan to modernize its drilling fleet, localize equipment production, develop a national drilling engine, and repair and complete 150 oil wells by year’s end (March 20, 2026).

Overhaul begins at South Pars Gas Refinery 3

SHANA (Tehran) – The director of South Pars Gas Refinery No. 3 announced the start of a overhaul aimed at ensuring stable gas production during the cold season. The operation, carried out with extensive support from technical and maintenance teams, will last 28 days.

Iran leads global oil production growth with 13% increase

SHANA (Tehran) – OPEC data shows Iran ranked first in global oil production growth in 2024, increasing crude output by 374,000 barrels per day (bpd), while Saudi Arabia saw a significant decline for the second consecutive year.

NIGC:

Bulk of gas consumption in summer goes to power plants

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) said that between 95% and 98% of Iran’s population has access to natural gas, adding that a significant portion of the country’s gas is used to fuel power plants during the summer.

Paknejad calls for peaceful pathways in global energy

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized that aggression against energy-producing countries violates international law and threatens global stability, stating that the energy industry—particularly oil—requires peace and stability to fulfill its role in enhancing prosperity at national, regional, and global levels.

MP says US oil sanctions policy against Iran has failed

SHANA (Tehran) – The head of the Iranian Parliament’s Energy Committee said the US believes that by intensifying sanctions and imposing restrictions on individuals, entities and international companies, it can disrupt Iran’s oil sales and revenue. However, he stated, this policy has failed.

Gas consumption surges at power plants, hits 305 mcm in a single day

SHANA (Tehran) — Power plants in Iran consumed more than 2 billion cubic meters of natural gas last week, accounting for the largest share of the country’s total gas usage across three main sectors: power generation, major industries, and residential-commercial-minor industries.

Lawmaker praises fuel distribution during 12-day war

SHANA (Tehran) – The deputy head of parliament’s Special Committee for Production Boost described the performance of fuel distribution officials during the 12-day war imposed by the Zionist regime as satisfactory.

Iran ranks as OPEC's second-largest oil refiner

SHANA (Tehran) – With a refining capacity of 2.237 million barrels per day, Iran holds a 16% share of OPEC’s total refining capacity, making it the second-largest refiner among the organization’s member countries. Iran also accounts for 2.1% of global refining capacity.

NIDC boosts local tech in oil drilling push

SHANA (Tehran) – The CEO of the National Iranian Drilling Company (NIDC) said one of the company’s strategic priorities in recent years has been the localization of key equipment and increasing the share of domestically manufactured components in drilling projects. A notable example is the construction of the third domestically built drilling rig, which resulted in savings of $7 million.

Overhaul of 11 South Pars platforms completed

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) stated that during the 12-day war, South Pars platforms continued operations uninterrupted. Alongside maintaining stable gas extraction, major overhauls proceeded as planned, with 11 platforms successfully completed so far.

Oil industry staff at the forefront of Iran’s economic resilience

SHANA (Tehran) – A member of the Iranian Parliament's Energy Committee praised oil industry workers for their unwavering efforts to protect vital energy infrastructure and maintain uninterrupted production during the 12-day war, calling it a testament to their deep commitment to the country and the Islamic Republic.