Shana

Sustainable development of petchem industry in collaboration with DoE

SHANA (Tehran) - The CEO of the National Petrochemical Company emphasized that environmental protection is essential for sustainable development, stating that enhancing cooperation between the petrochemical industry and the Department of the Environment (DoE) is a priority, with joint programs already drafted and submitted.

Paknejad: Iran ready to install rig in Arash field, pending border talks  

SHANA (Tehran) - Iran’s oil minister denied claims of declining oil exports, stating that the Oil Ministry is prepared to install a drilling rig in the Arash oil field.

Oil Ministry aims to attract investment, streamline upstream oil, gas contracts  

SHANA (Tehran) – The deputy director of investment at the National Iranian Oil Company (NIOC) emphasized that a recent approval by the Economic Council to simplify upstream oil and gas contract procedures will significantly reduce the time between receiving investor proposals and finalizing agreements.  

Daily gas extraction from South Pars Phase 11 increases by 60%  

SHANA (Tehran) – Daily gas extraction from South Pars Phase 11 has risen by 60% during the first 10 months of the 14th administration, increasing from 12 million cubic meters (mcm) to 20 mcm per day.  

Iran increases heavy crude transfer capacity

SHANA (Tehran) – The deputy of operations at the production management of the National Iranian South Oil Company (NISOC) said that with the commissioning of a new 30-inch pipeline for transferring light oil from the West Karun fields, the 36-inch Ahvaz-Omidiyeh export pipeline has been reassigned to transport heavy oil.

Overhaul of gas compression stations begins in south oil-rich regions

SHANA (Tehran) – The deputy director of production, gas compression, and gas injection at the National Iranian South Oil Company announced the start of overhauls at gas pressure boosting stations by the maintenance department. The effort aims to ensure maximum readiness for the upcoming winter and guarantee stable gas supply to the national grid.

Daily average exceeds 281 mcm

Gas consumption by power plants surges

SHANA (Tehran) - An analysis of gas consumption data from May 31-June 6, shows that the average daily gas consumption by power plants exceeded 281 million cubic meters, peaking on June 2 at over 287 million cubic meters—the highest recorded level. 

23% increase in gas injection into Shourijeh storage facility

SHANA (Tehran) - The CEO of Shahid Hashemi-Nejad Gas Refinery announced that 589 million cubic meters of gas have been injected into the Shourijeh storage reservoir since the start of the injection season (spring) through June 5 this year.

Expert warns of market instability following OPEC+ production move

SHANA (Tehran) - The former director of international affairs at the National Iranian Oil Company warned of the consequences of a recent decision by eight OPEC+ member countries, cautioning that instability could return to the oil market. 

Over 800m liters of gasoline consumed during early June holiday

SHANA (Tehran) - From June 2 to 7, more than 801 million liters of gasoline were distributed and consumed across the country, bringing the average daily consumption during this period to over 133 million liters. 

Privatization in petrochemical industry completed

SHANA (Tehran) - The head of Iran’s Privatization Organization announced the transfer of approximately 65 petrochemical companies to the private sector and non-governmental public institutions, stressing that the government no longer holds a significant stake in the industry. 

South Pars gas production rises with second infill well coming online  

SHANA (Tehran) - The CEO of Pars Oil and Gas Company (POGC) announced the completion of the second infill drilling well at the SPD1 platform in Phase 1, stating that its operation has increased South Pars gas field’s daily production capacity by 1.8 million cubic meters.  

NPC:

Full utilization of petchem industry capacity requires $18b investment

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) emphasized the need for stable feedstock supply, stating that addressing challenges and fully utilizing the petrochemical industry’s potential requires an investment of approximately $18 billion.

Innovative EOR Potential in Iran

Enhanced Oil Recovery (EOR) techniques have become indispensable in the global oil industry, particularly as conventional oil reserves dwindle and the energy demand continues to rise.

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.

Iran’s Role in Europe’s Energy Security Equation

SHANA (Tehran) - Iran-US nuclear talks are underway. These talks aim to lift sanctions on Iran to allow the Islamic Republic to sell oil and facilitate banking transactions. Iran’s former ambassador to France, Abol Qasem Delfi, tells “Iran Petroleum” that Iran would return to Europe’s energy market should talks with the United States pay off. He said the Europeans do know that Iran can be a reliable supplier of Europe’s energy needs due to its rich oil and gas deposits.

AI and Its Impact on the Energy Sector 

Artificial Intelligence has emerged as an important technology that is transforming the energy sector in a way probably never been experienced before. Innovations in AI are taking place quite rapidly, and new horizons and changes are virtually on a daily basis. AI was earlier thought to have much to do with the renewable sources of energy, but in recent times, it is increasingly penetrating the conventional energy sector as well.

Plan to reduce gas flaring in southern oil-rich regions announced

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) announced plans to cut daily gas flaring by 200 million cubic feet this year.

Reduced flaring at South Pars Refinery 11

SHANA (Tehran) – The manager of Refinery 11 at the South Pars Gas Complex described the reduction in gas flaring as significant, stating that the volume of gas sent to flares has dropped from over 1 million cubic meters per day to less than 3,000 cubic meters.

Overhaul of SP phases 17, 18 platforms gas field completed 

SHANA (Tehran) - The head of the South Pars gas platforms' overhaul operations announced that the major maintenance of offshore platforms in Phases 17 and 18 of the South Pars gas field has been successfully completed, with more than 1,300 operational work orders executed.  

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.

Petchem companies invest $5b to collect gas flares

SHANA (Tehran) – The HSE director of Iran’s National Petrochemical Company (NPC) emphasized the industry’s role in reducing flare gas emissions, announcing a $5 billion investment by petrochemical companies to collect flare gases upstream and draft a strategic plan for flare gas management.

Energy savings at Isfahan Oil Refinery through flare gas recovery project

SHANA (Tehran) – The project manager of Isfahan Oil Refining Company said the implementation of a flare gas recovery system will save up to 3,000 cubic meters of gas per hour at the refinery. The initiative plays a key role in reducing environmental pollution by improving energy efficiency and economic productivity.

Completion of flare gas recovery operation at SP Refinery 7

SHANA (Tehran) – The head of operations at the seventh refinery of South Pars announced the successful implementation of the flare gas recovery operation, stating that the project was completed with high quality, relying on domestic technical expertise and innovative measures. The installation of flare and utility line branches was fully executed.

Record-breaking overhaul at South Pars Phase 14 refinery

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) announced a new record in executing 13,000 work orders during the major overhaul of the South Pars Phase 14 refinery.

Highlighted role of consumption optimization in addressing energy imbalance

SHANA (Tehran) – Senior officials at the Ministry of Oil stressed the vital role of the Fuel Consumption Optimization Company in reducing energy imbalances and achieving smart governance. They highlighted the necessity of leveraging young, expert, and strategic managers to overcome challenges in the energy sector.

‘Increased oil supply alone won’t lower prices’

SHANA (Tehran) – Morteza Behrouzifar, a faculty member at the Institute for International Energy Studies, said the recent decision by eight OPEC+ member countries to increase oil supply will not significantly reduce prices in the short term—barring a widespread global economic recession—unless geopolitical and economic stability persists.

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 reaffirms commitment to bilateral talks on Arash gas field 

SHANA (Tehran) - The spokesperson for Iran’s Foreign Ministry stated that Iran has consistently emphasized constructive cooperation with Kuwait in the energy sector, particularly regarding the Arash gas field and the joint exploitation of its resources, based on bilateral negotiations and past dialogue.