Shana

59th Meeting of JMMC held via videoconference

SHANA (Tehran) – The 59th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Saturday.

NPC:

Unfinished petchem projects to be finalized by late September

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that unfinished petrochemical projects must be reviewed, adding that lawmakers have set a deadline of late September 2025 to resolve their status.

Over 1.5b liters of aviation fuel consumed in 1403

SHANA (Tehran) - The caretaker of Iran’s Aviation Fuel Administration announced that more than 1.5 billion liters of aviation fuel were consumed in 1403, marking an increase of about 100 million liters compared to the same period in 1402.  

Paknejad:

JMMC plays great role in maintaining oil market stability, balance 

SHANA (Tehran) - The oil minister expressed confidence that the OPEC+ Joint Ministerial Monitoring Committee (JMMC) will assist member countries in playing an active, precise, and cautious role in the oil market by leveraging its experience in accurately assessing market developments.  

BIPC posts 36% production growth

SHANA (Tehran) – The CEO of Bandar Imam Petrochemical Complex (BIPC) announced a 36% increase in production compared to the year 1400 (2021-22) and the breaking of a six-year export record in the year 1403 (2024-25).

Oil industry a key investment opportunity: Lawmaker

SHANA (Tehran) – A member of Iran’s Parliament presiding board said oil and gas fields could be a major draw for domestic and foreign investors, stressing that the parliament and government must work together to facilitate investment in the sector and utilize all available resources.

Oil, gas exploration to resume in Persian Gulf after five years

SHANA (Tehran) – The head of exploration at the National Iranian Oil Company (NIOC) announced that offshore exploration had been halted since 1398 (2019) due to drilling rig limitations but expressed hope that operations would resume in the current Iranian year in shared border areas with neighboring countries.

Gasoline consumption rises 15%

SHANA (Tehran) – Iran's daily gasoline consumption reached over 131 million liters on Thursday, Farvardin 14, as travelers returned from Nowruz holidays, marking a 15% increase compared to the same day last year.

OPEC+ members reaffirm commitment to market stability

SHANA (Tehran) – The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on April 3, 2025, to review global market conditions and outlook.

Significant price fluctuations in Iran’s oil over 1403

SHANA (Tehran) – An analysis of Iran’s crude oil prices in 1403 shows that while geopolitical and political events cause short-term price volatility, market factors—particularly supply and demand—remain the primary drivers of price changes.

Average daily gasoline consumption exceeds 130m liters

SHANA (Tehran) – The average daily gasoline consumption in Iran reached 131.1 million liters between March 21 and April 2, according to the National Iranian Oil Products Distribution Company (NIOPDC).

From development to supply:

Iranian gas industry over the past year

SHANA (Tehran) – The gas industry experienced many ups and downs in the year 1403 (2024-2025), navigating challenges from supply to development.

Iran’s Oil Ministry commits to strengthening global energy standing

SHANA (Tehran) – The 14th administration’s Oil Ministry has made significant progress in international energy organizations and forums, reinforcing energy diplomacy and advancing Iran’s position in global oil, gas, and energy markets. Its performance underscores its commitment to safeguarding national interests while enhancing international cooperation.

Iran’s gasoline demand tops 150m liters

SHANA (Tehran) - Gasoline consumption in Iran reached over 150 million liters on Tuesday, marking a 17% increase compared to the same period last year.

Abadan Oil Refinery increases gasoline production by nearly 3m liters

SHANA (Tehran) – The CEO of Abadan Oil Refining Company announced a nearly 3-million-liter increase in gasoline production at the refinery under the 14th administration. He stated that the Abadan refinery supplies about 17% of the country’s gasoline, 22% of its diesel, and 42% of its mazut.

Accelerating gas industry development: Focus on key projects and domestic capabilities

SHANA (Tehran) – The caretaker of Iran Gas Engineering and Development Company reported progress on key projects and plans to expedite their operation, stating that sanctions have led domestic manufacturers to focus more on their capabilities but emphasized the need to improve product quality.

Gov’t advances major oil industry project with $17b gas pressure boost deal

SHANA (Tehran) – In the final days of the Iranian year 1403 (March 2025), the Oil Ministry signed nearly $17 billion in contracts with four domestic companies to build, install, and operate gas pressure booster platforms in the South Pars gas field—the world’s largest. This marks the first step in sustaining production and preventing a future gas crisis.

Daily gasoline consumption exceeds 140m liters

SHANA (Tehran) - Gasoline consumption on Monday reached over 140 million liters, marking a 7.5% increase compared to the same period last year.  

Role of Isfahan Refinery’s RHU Project in reducing fuel imports

SHANA (Tehran) - The CEO of Iran’s National Oil Refining and Distribution Company stated that the faster implementation of the RHU project at the Isfahan refinery will not only reduce air pollution but also increase profitability and prevent unnecessary costs associated with fuel imports.

High fuel consumption persists during Nowruz; 20% increase

SHANA (Tehran) – Gasoline consumption on Sunday reached over 141 million liters, marking a 20% increase compared to the same period last year.

PIDMCO ready to participate in overseas petchem projects

SHANA (Tehran) – The CEO of PIDMCO, the Petrochemical Industries Development Management Company, outlined the company’s goals and plans for engaging with new technology-based firms (NTBFs) in the new year, expressing hope to participate in at least one international project in 1404, involving technical and engineering services, execution, and commodity supply.

Oil Ministry subsidiaries secure major oil, gas contracts in 1403

SHANA (Tehran) – Subsidiaries of Iran’s Oil Ministry achieved outstanding performance in 1403 by signing significant contracts in large and medium-scale transactions, marking a major step in developing the country’s hydrocarbon industry.

Localization of equipment in largest CPVC chain

SHANA (Tehran) – Arvand Petrochemical Company, which has previously localized dozens of equipment, catalysts, and chemicals, has successfully designed and produced an electric heater used in its sulfuric acid concentration unit in collaboration with domestic experts.

ICOFC: From gas field development to key project launches

SHANA (Tehran) – The CEO of the Iranian Central Oil Fields Company (ICOFC) outlined the company’s major achievements in 1403 and announced plans for technical and contractual negotiations to develop 16 gas fields and launch key projects in 1404.

NIOC performance in 1403: Achieving priorities through capabilities

SHANA (Tehran) –National Iranian Oil Company (NIOC) made significant strides in 1403, driven by the efforts of its employees to bolster the economy.

Iran’s refining industry: overcoming challenges to achieve lasting milestones

SHANA (Tehran) – In 1403, Iran’s refining industry took major strides toward transformative developments, achieving significant progress in energy supply sustainability, environmental quality improvement, and setting new records in liquid fuel supply to power plants.

Iran's daily gasoline consumption stands at 144m liters

SHANA (Tehran) – Iran's gasoline consumption reached 144 million liters on Saturday, marking a 15% increase compared to the same day last year (March 29, 2024).

Daily output of petroleum products increases by 100,000 barrels

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced a 5% growth in the refining industry and an approximate daily increase of 100,000 barrels in petroleum product production in the year 1403 (2024-25) compared to the its preceding year.

POGC:

Work never stops in Iran’s energy hub—even during Nowruz

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (OGC) announced that 70% of Iran’s natural gas, 50% of petrochemical feedstock, and 40% of the feedstock needed for gasoline production come from the South Pars joint field.

Self-sufficiency under sanctions: a technological leap in Iran’s oil industry

SHANA (Tehran) – The deputy oil minister for engineering, research and technology cited first-time production achievements and innovations in financing tools for new technology-based firms (NTBFs) as two key accomplishments of the Oil Ministry in the Iranian year 1403 (2024-25).