Shana

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.

Gov’t works to sustain oil exports despite sanctions

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the strategic importance of Kharg Island and praised the 14th administration’s intensified efforts to maintain exports under sanctions. “Kharg is not just an oil terminal—it symbolizes national synergy in safeguarding the country’s underground wealth,” he said.

Challenging gas transfer operations amid winter production-consumption imbalance

SHANA (Tehran) – The CEO of Iranian Gas Transmission Company (IGTC) outlined the company’s special measures to maintain stable gas flow during the cold days of 1403 (2024-2025), stating: "Despite the imbalance between production and consumption, household gas usage reached 76% of the country’s total consumption on some days, making this one of the most difficult operational periods in recent years."

POGC announces official start of gas compression project in South Pars

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) outlined necessary measures to advance the gas pressure-boosting project in South Pars, including providing a comprehensive operational plan, making timely decisions and meeting set deadlines.

US policy of maximum pressure a failed experiment, says Paknejad

SHANA (Tehran) – Iran’s oil minister emphasized the diversification of the country’s crude oil sales portfolio, stating that the policy of maximum pressure is a repetitive slogan by the US and a failed experiment.

Power plants lead gas consumption: Over 1.7 bcm in seven days

SHANA (Tehran) – The total gas delivered to power plants, major industries, and the residential and commercial sectors from May 6 to 12 exceeded 4.436 billion cubic meters (bcm), with power plants receiving over 1.758 bcm—the largest share.

Iran, Iraq stress need to expand joint cooperation

SHANA (Tehran) – Iran’s oil minister and Iraq’s electricity minister emphasized bilateral relations and joint cooperation during an official meeting.

Iran Oil Show 2025 showcases Iranian energy sector strength

SHANA (Tehran) – The head of the Iranian Parliament’s Energy Committee emphasized the bright outlook for the oil, gas, refining, and petrochemical industries, stating that the oil exhibition is a display of Iran’s strength in the energy sector.

Investment in upstream oil sector key to economic growth

SHANA (Tehran) – The vice chairman of the Iranian Parliament’s Energy Committee said investment in the upstream oil sector is a strategic move that drives economic growth, improves livelihoods and enhances public services.

Constructive cooperation of Oil Ministry in Implementing Clean Air Law obligations

SHANA (Tehran) – The head of the Department of the Environment said the Oil Ministry has had appropriate and effective cooperation with the organization in fulfilling the obligations of the Clean Air Law.

$100m in first-time production contracts signed at Iran Oil Show 2025

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) said the total value of four first-time production contracts signed at the oil exhibition was about $100 million.

$1b gas field development contract inked

SHANA (Tehran) – A contract to develop the Gouran and Pazan gas fields was signed between the National Iranian Oil Company (NIOC) and three domestic companies on the final day of the 29th Iran International Oil, Gas, Refining, and Petrochemical Exhibition.

Caspian Sea deepwater drilling project to resume

SHANA (Tehran) – The CEO of Khazar Exploration and Production Company (KEPCO) announced the resumption of exploratory activities in the shallow waters of the Caspian Sea after 28 years, adding that a return to deepwater drilling is also on the agenda. A semi-submersible platform, which had been completely idle since 2014, will return to operation after necessary repairs.

PBO: Oil industry is driving force of Iran's economy

SHANA (Tehran) – The head of Iran’s Plan and Budget Organization described the oil, gas, refining and petrochemical industries as the driving force of the country’s economy, stating, "Our top priority in the ‘Year of Investment for Production’ is special attention to the energy sector."

NPC: 15 petchem projects worth $6b to come online in 1404

SHANA (Tehran) –The CEO of the National Petrochemical Company announced the launch of 15 petrochemical projects worth $6 billion in 1404 (2025-26), adding three new products to Iran’s petrochemical portfolio.

Paving way needed for private sector in oil industry

SHANA (Tehran) – The head of Iran’s Supreme Audit Court said government and quasi-government entities must create space for private sector activity in the oil industry.

Gov’t spox praises oil industry staff’s efforts

SHANA (Tehran) – The government spokesperson acknowledged the efforts of the Ministry of Petroleum last year to ensure optimal winter fuel supply, stating: "As a fellow citizen, I appreciate the hardworking individuals in the oil industry."

ICOFC reports 10 mcm increase in gas production

SHANA (Tehran) – The CEO of Iranian Central Oil Fields Company (ICOFC) highlighted the company’s major role in supplying the country’s onshore gas while simultaneously managing production and development operations.