Shana

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.

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.