Shana

Kharg oil terminal as hub of Iran’s oil exports meets global standards

SHANA (Tehran) – The CEO of Iran Oil Terminals Company emphasized the critical role of the Kharg oil terminal in the export of the country’s crude oil, stating that all stages of receiving, storing, and exporting oil at this terminal are carried out in strict compliance with international standards and under the supervision of advanced quality control laboratories.

SPGC delivers 46,000 MW of electricity to national grid

SHANA (Tehran) – The acting head of joint operations at the South Pars Gas Complex (SPGC) announced that the Besat Power Plant, part of the South Pars Gas Complex, has delivered more than 46,000 megawatts of electricity to the national grid through significant efforts and the dedication of its staff.

Foreign Ministry Spox condemns sanctions on oil minister

SHANA (Tehran) – The spokesperson for the Ministry of Foreign Affairs strongly condemned the US action to sanction several individuals, including the oil minister of the Islamic Republic of Iran, as well as multiple oil tankers and commercial companies.

Energy imbalance requires public cooperation: President

SHANA (Tehran) – President Masoud Pezeshkian emphasized that resolving the country's energy imbalance requires public cooperation, noting that Iran's natural gas consumption exceeds that of wealthy European nations, despite their higher financial capacity and efficient energy management.

NIDC urged to strengthen its regional position

SHANA (Tehran) - The CEO of the National Iranian Oil Company emphasized the pivotal role of the National Iranian Drilling Company (NIDC) in the country’s oil industry, stating that the company must solidify its position in regional markets by modernizing equipment, adopting advanced technologies, and streamlining processes.

 In latest round of measures against Iran’s oil industry

US Treasury sanctions Iranian oil minister

SHANA (Tehran) - The US Treasury Department has imposed sanctions on Iran’s oil minister as part of its ongoing maximum pressure campaign against the Islamic Republic. 

Iran anticipates positive news in oil production next year

SHANA (Tehran) - The CEO of the National Iranian Oil Company (NIOC) announced that necessary planning has been completed to meet oil production requirements for the upcoming year, stating, "Next year, we will have good news in the field of oil production."

Iran no longer needs to import five polymer grades

SHANA (Tehran) - Arvand Petrochemical, the largest producer of PVC and chlorine chains in West Asia, has achieved a historic production record for EPVC this Iranian year, eliminating the need for the country to import five specialized grades.

Iran's economic growth up

SHANA (Tehran) - The latest calculations by the Parliament Research Center show that the country's economic growth in Dey (Dec. 21, 2024-Jan. 19, 2025) increased by 1.8% compared to the same month last year, while non-oil economic growth stood at 1.3%. 

Oil Ministry prepared to meet fuel demand for Nowruz holidays

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized his ministry's full readiness to meet the fuel needs of citizens during the Nowruz holidays.

Iran's largest land-sea seismic survey project completed

SHANA (Tehran) – The exploration director of the National Iranian Oil Company (NIOC) announced the completion of the largest two- and three-dimensional land-sea seismic survey project in the Paniz region of Khuzestan province, utilizing wireless technology.

NIGC credits public-gov’t cooperation for overcoming winter difficulties

SHANA (Tehran) – The deputy oil minister for gas affairs stated that the successful navigation of this winter was made possible by the efforts of National Iranian Gas Company (NIGC) employees, the support of the Oil Ministry, and the public. He emphasized that those who work sincerely, honestly, and passionately for the country will have their names etched in history.

Oil Ministry, Hamrah-e-Aval ink MoU for digital transformation

SHANA (Tehran) – The Ministry of Oil and Hamrah-e-Aval, a leading mobile operator, signed a memorandum of understanding (MoU) aimed at advancing digital transformation and smart technologies in the oil and gas industry.

GECF Secretary General:

Natural gas is not just a bridge to future

SHANA (Tehran) – The GECF launched the new edition of its Global Gas Outlook (GGO) report on Monday where Mohamed Hamel, Secretary General in his remarks said natural gas is not just a bridge to the future.

GECF Launches new edition of its Global Gas Outlook report

SHANA (Tehran) – The Gas Exporting Countries Forum (GECF) officially launched the latest edition of its annual flagship publication, the Global Gas Outlook (GGO), today at the GECF Secretariat via video conference.

MP says petchem industry helps bypass sanctions, generate revenue

SHANA (Tehran) – The head of the parliamentary faction overseeing the oil, gas, and petrochemical industries described the petrochemical sector as one of the country's most vital industries.

NIDC ready to boost cooperation in exploration projects

SHANA (Tehran) – The CEO of the National Iranian Drilling Company (NIDC) announced the company’s readiness to expand cooperation with the Exploration Directorate of the National Iranian Oil Company (NIOC) in drilling exploration wells and providing related services. He stated that such collaborations could accelerate the implementation of oil industry projects.

NGL 3100 Project: A key step in reducing gas flaring

SHANA (Tehran) – A coordination meeting for the launch of the Dehloran Petro-Refining Project (NGL 3100) was held with the participation of senior oil industry representatives in the Cheshmeh-Khosh operational area, marking a significant step toward transforming associated gas management and promoting sustainable development.

South Pars refineries' safety systems upgraded with domestic equipment

SHANA (Tehran) – The head of safety and firefighting at the South Pars Gas Complex announced that the safety and firefighting systems at the South Pars refineries are being modernized and updated using domestically produced equipment.

NPC:

Petrochemical companies committed to returning forex to economy

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized that the petrochemical industry is committed to returning the foreign currency earned from exports to the country’s economic cycle, stating that all currency obligations of petrochemical companies have been fulfilled.

MP: Oil Ministry actively pursues collection of APG

SHANA (Tehran) – The head of the Iranian Parliament's Article 90 Committee stated that the Oil Ministry is seriously pursuing the collection of associated petroleum gas (APG) but emphasized that the process needs to be accelerated.

Petrofarhang achieves record in production, profitability

SHANA (Tehran) - The CEO of Petrofarhang Holding announced that the company achieved its best performance in history during the fiscal year 1403 (started March 20, 2024), marked by a significant leap in production, exports, and profitability, allowing it to move out of loss-making territory.

NIOPDC:

Fuel reserves for Nowruz in better condition than last year

SHANA (Tehran) – The deputy CEO of National Iranian Oil Products Distribution Company (NIOPDC) announced the start of a nationwide monitoring plan for fuel supply during Nowruz, the Persian New Year, alongside a simultaneous operational drill across the country's oil depots. He stated that fuel reserves for the holiday are in a better position compared to last year due to prior planning.

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.

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.

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.