Shana

Petrochemical Research and Technology Company focuses on commercializing technical knowledge

SHANA (Tehran) – The CEO of the Petrochemical Research and Technology Company (NPC-RT) emphasized the localization of technical knowledge for oil industry catalysts in collaboration with new technology-based firms (NTBFs) as the company’s most significant achievement.

Transparency, technology, resolve: Three pillars of combating fuel smuggling

SHANA (Tehran) - The 14th administration has taken serious steps to address fuel smuggling by implementing a series of new policies and plans, including a three-tiered pricing system for diesel fuel, real-time monitoring of the distribution chain, and fuel allocation based on mileage.

Paknejad:

Iran’s oil industry overcomes sanctions through domestic capabilities

SHANA (Tehran) – Oil Minister Mohsen Paknejad said the oil industry achieved full self-sufficiency in development and production during tough sanction years, attributing the success to the relentless efforts of Iranian experts, specialists, and youth.

Barrels return to the market: Is OPEC+ targeting shale?

SHANA (Tehran) - A recent decision by eight OPEC+ member countries has effectively reversed 62% of their voluntary production cuts over the past four months, bringing additional oil supply back to the market. The move raises questions about its intended goals and potential consequences for global oil markets. 

Iran’s refining capacity reaches 2.4 mbd

SHANA (Tehran) – Iran’s refining capacity has increased to 2.4 million barrels per day, with the Abadan refinery accounting for the largest share of this growth, according to Mohammad-Ali Dadvar, deputy CEO of the National Iranian Oil Refining and Distribution Company (NIORDC).

Power plants lead in gas consumption: Nearly 2 bcm in one week

SHANA (Tehran) – Statistics show that from May 24 to 30, 2025, gas consumption by power plants was significantly higher than that of major industries and households, reaching nearly 2 billion cubic meters (bcm).

Overhauls at SP refineries boost reliability without disrupting supply

SHANA (Tehran) – Major overhauls at South Pars gas refineries began in March with the goal of maintaining steady production and improving energy efficiency through domestic capabilities. These operations, supported by extensive manpower, new technology-based firms (NTBFs), and strict adherence to safety protocols, prepare the refineries to reliably supply gas through the winter.

West Karun oil fields eyed for 1 mbd production

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the need to strengthen the Arvandan Oil and Gas Company to achieve the goal of producing 1 million barrels of oil per day from the West Karun fields.

39th OPEC and non-OPEC Ministerial Meeting

OPEC+ extends production agreement until 2026, plans new capacity assessment

SHANA (Tehran) - In light of the continued commitment of the OPEC and non-OPEC Participating Countries in the Declaration of Cooperation (DoC) to achieve and sustain a stable oil market, the Participating Countries decided to:

Iran sets June 2025 oil prices for global markets

SHANA (Tehran) – The National Iranian Oil Company (NIOC) announced official selling prices for various crude oil grades in June 2025.

Power plant diesel reserves surge 85%

SHANA (Tehran) – Diesel storage levels at power plants reached nearly 1.5 billion liters in the first two months of the Iranian calendar year 1404 (March 21–May 21), marking an 85% increase compared to the same period last year. This significant rise highlights the Oil Ministry's readiness to ensure stable energy supply across the country.

Iran’s oil industry must tap reserves to turn potential into power

SHANA (Tehran) – A senior oil expert stated that "power in the oil market originates at the wellhead," emphasizing that vast hydrocarbon reserves hold no operational economic value until they are extracted and utilized.

Revive exploration council to secure Iran’s oil future, says former NIOC director

SHANA (Tehran) – Saleh Hendi, former exploration director of the National Iranian Oil Company (NIOC), emphasized the strategic role of exploration in the future of the oil industry and called for the revival of the Supreme Exploration Council and greater attention to this sector by senior managers. He stated, "Exploration workers are the unsung pioneers of the oil industry."

Changouleh Oil Field Development Plan approved by Economic Council

SHANA (Tehran) – The development and operation plan for the Changouleh oil field in Ilam Province was reviewed and approved during a meeting of the Economic Council.

Iran’s oil industry: From Masjed Soleyman to new exploration frontiers

SHANA (Tehran) – The former exploration director of the National Iranian Oil Company (NIOC) described the 1908 oil discovery in Masjed Soleyman as a turning point in Iran’s modern history.

South Pars gas compression project: Ensuring Iran’s energy security

SHANA (Tehran) – The executive of the South Pars gas compression project emphasized the need for general contractors to set clear operational milestones, calling the project vital for sustaining production and safeguarding the country’s economic interests and strategic energy security in the coming years.

Iran’s high potential for discovering new oil, gas reserves

SHANA (Tehran) – The former exploration director of the National Iranian Oil Company (NIOC) said the process of discovering oil and gas is becoming increasingly difficult, as large, low-risk reserves have already been identified, leaving current exploration operations with higher risks. However, Iran still holds significant potential for discovering new oil and gas resources.

Synergy between oil, industry ministries to address energy imbalance

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced that a memorandum of understanding on adding bioethanol to the fuel portfolio was signed last February, with the executive agreement officially taking effect today at Abadan Refinery.

Gas infrastructure expansion to double storage capacity

SHANA (Tehran) – The caretaker of Iranian Gas Engineering and Development Company announced progress on strategic projects in gas storage, transmission, measurement, and optimization, stating that the country’s gas storage capacity will more than double with the launch of expansion projects in Sarajeh and Shourijeh.

Iran Ready for Gas Cooperation with Turkmenistan, Region

SHANA (Tehran) – President Masoud Pezeshkian said Tuesday that Iran is not only interested in importing gas from Turkmenistan but also has the capacity and capability to export and swap gas to regional countries.

NIGC prepares for winter: Early overhauls, supply fixes

SHANA (Tehran) – The director of production coordination and supervision at the National Iranian Gas Company (NIGC) outlined key measures to ensure stable gas supply in the second half of the year and a safe winter season. These include early major overhauls, reduced downtime, equipment supply chain improvements and the revival of preventive maintenance systems.

Full fuel distribution monitoring with real-time tracking: 50,000 violating fleets identified 

SHANA (Tehran) - The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) reported the detection of over 400 million liters of fuel diversion and 50,000 violating fleets in the past year, stating that real-time monitoring ensures complete oversight of petroleum products from production to end-use.  

Tehran, Kabul pledge closer collaboration on energy projects

SHANA (Tehran) – Iran’s oil minister and Afghanistan’s minister of mines and petroleum stressed the need to expand bilateral cooperation in oil and gas, discussing ways to enhance collaboration.

Iran, Turkmenistan move to deepen gas cooperation

SHANA (Tehran) – Iran’s oil minister and Turkmenistan’s foreign minister emphasized expanding bilateral cooperation in oil and gas, reviewing avenues for enhanced collaboration.

Power sector’s gas demand complicates overhaul work in hot season

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) said energy imbalances have worsened compared to previous years, and gas consumption remains high during hot months due to electricity generation needs.

Parts of subsidies given to diesel fuel consumers removed

Iran keeps monthly quota diesel price steady for commercial vehicles

SHANA (Tehran) - The CEO of National Iranian Oil Products Distribution Company (NIOPDC) emphasized that the subsidized diesel fuel quota price for urban and intercity transport fleets with verified performance will remain unchanged, stating it will stay at 300 tomans per liter.  

Major oil, petchem projects to launch monthly: Paknejad

SHANA (Tehran) - Oil Minister Mohsen Paknejad announced at a cabinet meeting Sunday that one major oil or petrochemical project will begin operations each month from late May through the end of the year.  

Crude oil storage capacity increases by 2m barrels

SHANA (Tehran) – Iran’s crude oil storage capacity has increased by 2 million barrels following the commissioning of two refurbished tanks at the Kharg oil terminal in the operational zone.

Oil Ministry focuses on digital economy as growth driver in 7th Development Plan

SHANA (Tehran) – The deputy of planning at the Oil Ministry emphasized the ministry’s focus on developing the digital economy, stating that it is a key driver of economic growth in the 7th Development Plan as lawmakers have prioritized the digital economy, with a significant portion of growth expectations hinging on success in this sector.

NIORDC announces two new refineries, anti-smuggling measures

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced the launch of two new refineries and three quality improvement projects this year.