Shana

Iran dismisses reports of halting Iranian oil vessels

SHANA (Tehran) – The spokesperson for Iran's Foreign Ministry dismissed claims made by Reuters regarding the halting of Iranian oil tankers, labeling them as fabricated, false, or biased reporting.

Household gas consumption exceeds 550 mcm

SHANA (Tehran) – The consumption of gas in the residential, commercial, and small industrial sectors has surpassed 550 million cubic meters (mcm), accounting for 65% of the total gas delivered to the national grid.

First well of SP infill drilling project comes online

SHANA (Tehran) – The first well of a 35-well infill drilling project in the South Pars field has been commissioned, according to the CEO of Pars Oil and Gas Company (POGC). The project aims to maintain and sustain gas production from the field.

MP:

South Pars pressure enhancement project a key step in boosting production

SHANA (Tehran) – A member of the Iranian Parliament’s Budget Integration Committee stated that leveraging domestic capabilities in the South Pars pressure enhancement project is a significant step toward achieving this year’s slogan of "boosting production with public participation, revitalizing industries, creating jobs, and fostering hope."

Pressure boosting more essential than daily bread: Lawmaker

SHANA (Tehran) – The deputy chairman of the Energy Committee of the Iranian Parliament emphasized the importance of pressure boosting in the South Pars gas field, stating that it is "more essential than daily bread."

Enormous savings achieved in SP through indigenization: SPGC

SHANA (Tehran) – The CEO of the South Pars Gas Complex (SPGC) announced great amount of savings resulting from the domestic production of strategic parts and equipment by local companies.

Over 850 mcm of natural gas supplied to national network

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 852 million cubic meters (mcm) of natural gas were delivered to the national network on Saturday.

Senior MP: South Pars pressure boost plan to yield high economic benefits

SHANA (Tehran) – A member of the Iranian Parliament’s presiding board stated that the pressure enhancement plan for the South Pars joint gas field is a significant development that will bring substantial economic benefits to the country.

Petchem industry nears 100-m-ton production capacity: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that the petrochemical industry is on the verge of reaching a production capacity of 100 million tons.

South Pars recovery rate to increases by 21% with pressure boost project

SHANA (Tehran) – The executive of the strategic pressure enhancement project for the South Pars gas field highlighted details of this massive and strategic initiative, stating that its implementation will increase the field’s recovery rate from 54% to 75%, generating an economic value of $780 billion for the country.

NDF urged to accelerate South Pars pressure boost project

SHANA (Tehran) – The head of the Energy Committee in Parliament emphasized that implementing the South Pars pressure enhancement project will alleviate concerns in the energy sector.

President acknowledges energy challenges, calls for unity, efficiency

SHANA (Tehran) – President Masoud Pezeshkian acknowledged on Saturday that Iran faced a difficult winter but praised the efforts of the oil, energy, and interior ministries for helping the nation navigate the challenges.

Minister: $19b annual investment needed in gas sector

SHANA (Tehran) – The minister of oil announced that an average annual investment of $19 billion is required over the next four years to achieve a daily production of 1.34 billion cubic meters of gas.

Azar Field gas facilities successfully operation

SHANA (Tehran) – The director of the Azar Oil Field Development Project announced the successful completion of the startup and operation process for the field's gas facilities.

South Pars gas compression plan contracts signed in president's presence

SHANA (Tehran) – Contracts for the pressure boost plan of the South Pars gas field, valued at approximately $17 billion, was signed on Saturday, March 8, in the presence of the President Masoud Pezeshkian and senior oil industry officials.

Household sector accounts for 68% of natural gas consumption

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) said on Friday that 68% of the natural gas delivered to the network on the previous day was consumed by the household, commercial, and small industrial sectors.

HSE enhancement in petchem industry set as goal in Asaluyeh: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the pursuit of major objectives to establish a centralized HSE (Health, Safety, and Environment) structure in the Asaluyeh region.

45% increase registered in power plant diesel delivery: NIORDC

SHANA (Tehran) – According to the Integrated Planning Management of the National Iranian Oil Refining and Distribution Company (NIORDC), the average daily distribution of power plant diesel in Esfand reached approximately 60 million liters, marking a 45% increase compared to the same period last year.

13 women appointed to boards of subsidiary companies of NIGC

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) announced the appointment of 13 female colleagues to the boards of directors of the company’s subsidiaries for the first time.

Household gas consumption remains above 600 mcm

SHANA (Tehran) – Household, commercial, and small industrial gas consumption continues to exceed 600 million cubic meters (mcm), accounting for 71% of the total gas delivered to the national grid.

President vows gratitude for help in addressing imbalances

SHANA (Tehran) – President Masoud Pezeshkian emphasized the need for scientific and expert-driven solutions to address imbalances in critical sectors such as water, electricity, gas, fuel, energy, and financial resources.

South Pars Gas Complex overhauls to begin next month

SHANA (Tehran) – The head of maintenance engineering at the South Pars Gas Complex announced that major overhauls of the facility’s refineries will begin next Iranian calendar month.

Successful winter preparedness ensures smooth operations at SP refineries

SHANA (Tehran) – The director of coordination and production supervision at the National Iranian Gas Company highlighted new records in gas supply from South Pars to the national grid, stating that the refineries' full preparedness allowed the country to successfully navigate a recent cold spell.

Bank account-based fuel purchasing to begin in coming months: NIORDC

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced that a new fuel purchasing system linked to vehicle owners' bank accounts is expected to be implemented in the coming months.

NPC head highlights leveraging strategic successes to advance petchem industry

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the importance of the Petrochemical Industry Excellence Award, stating that the successful presence of petrochemical companies in various fields has driven industry players toward excellence and progress.

Oil industry requires massive investment

SHANA (Tehran) - A faculty member at Allameh Tabataba'i University stated that the oil industry requires substantial investment, emphasizing that existing perspectives on concession agreements need revision.

Turkmenistan begins gas exports to Turkey via Iran

SHANA (Tehran) - Iran’s Oil Minister announced the start of natural gas flow from Turkmenistan to Turkey through Iran, stating that the agreement has been finalized and gas is now being transported.

Iran, Iraq stress expanding energy cooperation

SHANA (Tehran) — Iran’s Oil Minister and Iraq’s Electricity Minister emphasized the need to expand cooperation in oil, gas, petrochemicals, and electricity between the two countries during a meeting Wednesday.  

Upstream energy investment transformation event to be held in Tehran

SHANA (Tehran) – The Strategic Transformation in Iran’s Upstream Oil and Gas Sector event, aimed at unlocking investment and financing in National Iranian Oil Company (NIOC) projects, will take place on April 15, in Tehran.

Bovard appointed to board of trustees at Institute for International Energy Studies

SHANA (Tehran) – Hamid Bovard, managing director of the National Iranian Oil Company, has been appointed as a member of the board of trustees at the Institute for International Energy Studies.