Shana

MP: Transferring gasoline quotas to bank accounts promotes transparency

SHANA (Tehran) – The head of the Parliament Energy Committee stated that transferring gasoline quotas to bank accounts would enhance transparency and expressed that this move would lead to public satisfaction and clarity in gasoline rationing.

867 mcm of gas delivered to national grid in one day

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 867 million cubic meters (mcm) of natural gas were delivered to the national grid on Monday.

Localization of reactor prevents millions of dollar outflow

SHANA (Tehran) – The first domestically produced methanol synthesis reactor, which has been localized to prevent tens of millions of dollars outflow, was installed at the second phase of the Sabalan Petrochemical Complex.

Gov’t launches 14 major projects to address imbalances

SHANA (Tehran) – The government spokesperson announced that the administration is implementing 14 major projects, or megaprojects, aimed at reducing imbalances, with some focusing on production and others on demand.

Agreement inked to transfer gasoline quotas to bank accounts

SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) and the Tehran Municipality signed an agreement to pilot the transfer of gasoline quotas from fuel cards to vehicle owners' bank accounts.

Parliament speaker orders comprehensive report on energy imbalance

SHANA (Tehran) – The Speaker of the Parliament tasked the Energy Committee with preparing a detailed report on the energy imbalance to be presented during an open session of the Parliament.

KOGPC reaches daily production of 1m barrels

SHANA (Tehran) – The CEO of Karoon Oil & Gas Production Company (KOGPC) announced an 11% increase in the company's oil production in the year 1403 (2024-2025) compared to the previous year, stating that daily oil production at Karun has reached 1 million barrels.

Five provinces account for 45% of Iran’s gas consumption

SHANA (Tehran) – The head of Iran’s National Gas Dispatching Center announced that on February 26, gas consumption in the residential and commercial sectors reached 703 million cubic meters (mcm), stating that the provinces of Tehran, East Azarbaijan, Razavi Khorasan, Isfahan, and Mazandaran had the highest gas consumption, accounting for 45% of the country’s total gas usage.

Minister: Energy imbalance problem decades in the making

SHANA (Tehran) – Oil Minister Mohsen Paknejad stated on Tuesday that the current imbalance in energy carriers is not the result of decisions made over the past three months, three years, or even six years.

Investment in Band Karkheh oil field development approved by Economic Council

SHANA (Tehran) – The Economic Council, during its meeting on Monday, reviewed and approved a request from the Ministry of Oil to amend a previous resolution regarding a gas supply project for power plants on Kish Island and to invest in the development and operation of the Band Karkheh oil field.

NPC:

Over $9b from petchem exports returned to national economy

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that the total exports of the petrochemical industry over the past 11 months amounted to approximately $12 billion, of which $9.14 billion reinjected into the country’s economic cycle.

Iranian crude oil OSP for March announced by NIOC

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.

Siri Island: Iran’s oil hub in Persian Gulf

SHANA (Tehran) – Siri Island, also known as Raz Island, is Iran’s southernmost island and the last piece of Iranian territory in the heart of the Persian Gulf. It is the country’s most oil-rich island, where oil is extracted and exported from five fields: Nosrat, Esfand, Sivand, Dena, and Alvand.

Over 6 bcm of natural gas delivered to national grid in seven days

SHANA (Tehran) – During the week to February 28, 6.048 billion cubic meters (bcm) of natural gas were produced and delivered to the national grid.

President highlights efforts to address imbalances

SHANA (Tehran) – The president stated that upon taking office, the administration faced significant imbalances in various sectors, including water, electricity, and gas. He emphasized that blaming one another will not solve the problem.

New downstream petchem projects to be introduced

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that several new projects aimed at developing downstream petrochemical industries will soon be introduced across the country. These projects will take into account regional planning, existing infrastructure, and the availability of feedstock and water resources for investment.

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.

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.

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.

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.

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).

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.

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.

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.

President: Completing gas flaring prevention plans is essential

SHANA (Tehran) – The president emphasized that Khuzestan is a precious gem, stating that addressing oil pollution, particularly gas flaring at upstream oil and gas facilities, must be prioritized through a comprehensive, expert-led program with the participation of all responsible agencies.

Accelerating petchem industry development with new technologies, innovative thinking

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the petrochemical industry can accelerate its development by managing research, utilizing global knowledge and advanced technologies, and adopting innovative thinking and modern structures.

NIGTC announces full preparedness for gas transmission during cold weather

SHANA (Tehran) – The CEO of the National Iranian Gas Transmission Company (NIGTC) stated that all ten operational regions of the company are fully prepared for the anticipated cold front expected in the first week of Esfand (the last month of the Iranian calendar).

Misuse of water, gas, electricity leads to dead end, Pezeshkian warns

SHANA (Tehran) – President Masoud Pezeshkian stated on Sunday that, improper management of water, gas, and electricity resources, is leading the country toward a dead end.

Smart tech development: NIOC's key strategy

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that significant strides have been made in enhancing productivity, reducing costs, and improving oil reservoir management by focusing on the development of advanced technologies, artificial intelligence (AI), and digitalization.

NIOPDC: Daily gasoline consumption in Tehran hits 20m liters

SHANA (Tehran) – The director of the National Iranian Oil Products Distribution Company (NIOPDC) in Tehran Province announced that the daily consumption of gasoline in the province has reached 20 million liters.