Shana

Cabinet Approves Premium Gasoline Imports

SHANA (Tehran) - The Iranian cabinet has approved the import and distribution of premium gasoline by legal entities authorized by the Ministry of Petroleum.

Natural Gas Consumption Sets A New Record

SHANA (Tehran) - The Head of the Dispatching Department of the National Iranian Gas Company (NIGC) said the country's daily gas consumption reached 794 million cubic meters due to the decrease in air temperature.

Rag-Sefid Project Accelerating Gas Flare Gathering

SHANA (Tehran)—Seyed Mohsen Dehbanpour, the CEO of Aghajari Oil and Gas Production Company says the project to collect flare gas at the Rag-Sefid unit has made significant progress.

AI A Requirement, NIOPDC Head

SHANA (Tehran) - The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) has stated that the company plans to use artificial intelligence to better manage the massive volume of oil product transfers and deter the possibility of disruptions and errors.

South Pars Phase 11 Gas Production Rising

SHANA (Tehran) - The CEO of Pars Oil and Gas Company, Touraj Dehghani, says that the company has succeeded in increasing gas production from Phase 11 of South Pars gas field.

Energy Consumption Optimization A Must, MP

SHANA (Tehran)—Mustafa Nakhai, a member of Iran’s Parliament says that energy consumption optimization must be pursued seriously.

Oil Price Reported:

Iran's Oil Supply to China Most Expensive in 5 Years

SHANA (Tehran) Iran’s crude oil going to China these days is priced at its narrowest discount to Brent in five years.

Gasoline Production Up by 8 ml/d

SHANA (Tehran) -Through implementing an accelerated plan to increase gasoline production, the National Iranian Oil Refining and Distribution Company (NIORDC) has boosted the country’s daily gasoline output by over 8 million liters in 76 days.

Pezeshkian:

Clarification of Joint Foreign Investments Necessary

SHANA (Tehran) - Iranian President Masoud Pezeshkian highlighted the importance of resolving issues related to joint foreign investment projects, especially in the energy sector, emphasizing the need to utilize the capacities of neighboring countries.

Economic Council Approves Urgent Oil Production Plan

SHANA (Tehran)—Iran's Economic Council has approved a decision to finance an urgent oil production increase plan using resources from the National Development Fund of Iran. According to the decision, oil production is set to increase by 250,000 barrels per day.

Petrochemicals Natural Gas Needs Reaching 168 mcm/d

SHANA (Tehran)—With the implementation of the 7th National Development Plan, the total gas required by the petrochemical industry is estimated to reach 168 million cubic meters daily.

Resolving Energy Imbalance Needs Overall Cooperation

SHANA (Tehran) - The former CEO of the National Iranian Gas Company (NIGC) emphasized the necessity of cooperation among all sectors of society to address the energy imbalance, stating that resolving the imbalance of gasoline and other energy carriers is not solely the responsibility of the Ministry of Petroleum and its subsidiaries.

NIOC Head Underlines the Importance of Passive Defense

SHANA (Tehran) -The CEO of the National Iranian Oil Company (NIOC), Hamid Bovard, stated that the oil industry is the driving engine of the country’s economy, underscoring its importance in passive defense.

Pezeshkian Defends Budget Bill

SHANA (Tehran) -Iranian President, Masoud Pezeshkian, today defended the main points of the budget bill for the year 1404 (beginning March 21, 2025) during a session of Parliament, stating that we can address existing imbalances through collaboration and coordination.

Gasoil Delivery to Power Plants Up by 20 Percent

SHANA (Tehran) - The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) stated that the delivery of gasoil to power plants has increased by 20% this year.

Natural Gas Consumption Up by 55 Percent

SHANA (Tehran) - The CEO of the National Iranian Gas Company (NIGC) stated that gas consumption increased by 55% in the first four days of the Iranian month of Aban, which began October 22, this year compared to the same period last year.

Oil Industry Operating Normally

َSHANA (Tehran) - Iran's oil industry operation is underway normally, without any disruption.

Age of Electricity, Analysis or Science Fiction?

SHANA (Tehran) - The International Energy Agency has predicted that fossil fuel consumption will reach its peak by the end of the current decade while electricity demand will rise dramatically, in what the IEA calls the Age of Electricity. OPEC has expressed its views on this issue in the form of an article which is as follows:

Iran and India Underline Mutual Cooperation

SHANA (Tehran) - Iranian President Masoud Pezeshkian announced that Iran and India's membership in BRICS provides a suitable platform for further strengthening bilateral relations and ensuring mutual benefits.

As the Member of Iranian Delegation

Paknejad Departs for BRICS Summit

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad left Tehran for Kazan, Russia, today to accompany the President on his trip to attend the 16th BRICS Summit.

Pezeshkian Presents Budget Bill to the Parliament

SHANA (Tehran) - Iranian President Masoud Pezeshkian, while presenting the budget bill for the next Iranian calendar year of 1404 to the parliament, stated that reforming energy subsidies is one of the main challenges of the proposed budget.

U.S: Iran's Oil Exports on the Rise

SHANA (Tehran) - Despite imposing frequent sanctions against Iran's oil industry this year, the U.S says that Tehran has been able to raise its oil exports in 2024 so that its oil exports are expected to reach 1.5 million barrels per day, up by 100.000 b/d against last year's figures.

$80b Investment in South Pars Gas Field Unprecedented

SHANA (Tehran) -Since establishing the South Pars Oil and Gas Company (POGC) in 1998, more than $80 billion has been invested in plans and projects to develop the shared South Pars gas field which is unprecedented.

CEO of NIORDC:

Gasoline Production Reaching 129 ml/d

SHANA (Tehran)—Under the Seventh Development Plan, the country’s gasoline production will increase to 129 million liters per day.

NIGC Official Warns of Entering Gas Shortage Phase

SHANA (Tehran) -The National Iranian Gas Company Dispatching Manager, Saeed Aghli has warned that without other governmental bodies' cooperation, the country will enter a phase of gas shortage, announcing over 21 billion cubic meters of natural gas are transferred monthly to the country’s consumption points.

NIOPDC Releases Fuel Delivery Data

SHANA (Tehran)—The CEO of the National Iranian Oil Products Distribution Company (NIOPDC), Keramat Veis-Karami, says that in the first seven months of this Iranian calendar year, which began on March 21, about 9.7 billion liters of liquid fuel have been delivered to the country’s power plants, representing a 38% increase compared to the same period last year.

Tehran-Baku Energy Cooperation Essential

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad has said that expanding cooperation between Iran and the Republic of Azerbaijan in the energy sector is essential and requires creating the necessary infrastructures.

Ministr of Petroleum:

Standardization Crucial to Balanced Development

SHANA (Tehran) - Iranian Minister of Petroleum Mohsen Paknejad emphasized the importance of standardization and its role in the development and sustainability of the oil industry.

Sanctions Can't Stop Iran's Oil Industry Development, MP

SHANA (Tehran) - Recent advancements in the oil industry indicate that sanctions have not hindered the growth and development of the oil industry.

IFCO Long-Term Plans Saving $90b

SHANA (Tehran) - The CEO of the Iran Fuel Conservation Company (IFCO) Hosein Hoseinzadeh, stated that the company has short-term, medium-term, and long-term plans for energy efficiency, which are expected to save about 90 billion dollars through the year 2041.