Shana

Pezeshkian highlights NDF’s role in addressing energy imbalances

SHANA (Tehran) – The board of trustees of the National Development Fund (NDF) has decided to urgently examine, develop, and present actionable solutions for the fund’s role in addressing energy imbalances and supporting national development for approval.

Petrochemical industry exports reach $10b in nine months: NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company announced that the industry has exported $10 billion worth of products in the first nine months of the current Iranian calendar year (March 20–December 20, 2024), with projections estimating this figure will reach $13 billion by yearend (March 20).

NIOC:

100 investment packages up for grab to boost oil, gas production

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced that five oil projects are ready for operation and 100 investment packages in the oil industry will be presented to domestic and foreign private sectors in the coming weeks, saying these initiatives aim to increase oil and gas production in the country.

Association head:

Petchem industry exports hit $10b

SHANA (Tehran) – The Secretary-General of the Petrochemical Industry Employers Association announced that petrochemical companies have earned $10 billion in forex revenue since the beginning of the current Iranian year (March 20, 2024), $8.5 billion of which supplied to the NIMA currency system.

SPGC delivered 157 bcm of gas to national grid in eight months

SHANA (Tehran) – The CEO of the South Pars Gas Complex (SPGC) announced that over 157.3 billion cubic meters of gas have been supplied to the national grid from the complex’s refineries during the first eight months of the current Iranian year.

NISOC:

Crude production of 5 mbd possible

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) said achieving a crude production capacity of 5 million barrels per day (mbd) is not out of reach, though it may be delayed due to global shifts away from fossil fuels.

In nine months

Over 6.7 bcm of gas produced at SPGC’s First Refinery

SHANA (Tehran) –The director of the first refinery at the South Pars Gas Complex (SPGC) announced that more than 6.7 billion cubic meters (bcm) of gas were produced at the facility in the first nine months of the current Iranian year.

Kish can become petrochemical technology hub: Official

SHANA (Tehran) – The managing director of the Kish Free Zone Organization said Kish is well-positioned to become a technological hub for the oil, gas, and petrochemical industries.

AI center for oil, gas industries to be built on Kish Island

SHANA (Tehran) – The Vice President for Science, Technology, and Knowledge-Based Economy announced the construction of the first technology park and artificial intelligence (AI) center as a research and development hub for the oil and gas industries on Kish Island.

PGPIC:

Strengthening regulatory role key to resolving petchem value chain fragmentation

SHANA (Tehran) – The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) described the fragmentation of the petrochemical industry’s value chain as a major challenge, emphasizing that building consensus and strengthening the regulatory role, alongside a sustained focus on domestic production, are crucial solutions for the industry and the country’s economic growth.

NIOPDC announces adding LPG to vehicle fuel portfolio 

SHANA (Tehran) – The CEO of the National Iranian Oil Products Distribution Company (NIOPDC) announced plans to diversify the country’s vehicle fuel portfolio by adding liquefied petroleum gas (LPG), in line with the 7th Development Plan.

Aref praises Oil Ministry’s outstanding performance in recent five months

SHANA (Tehran) – First Vice President Mohammadreza Aref commended the Oil Ministry for its remarkable achievements in boosting production during the first five months of the 14th administration, stating that these advancements were made despite numerous challenges.

Paknejad announces $120b investment to boost oil, gas production

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized that a total of $120 billion is needed to achieve the quantitative goals of the 7th Development Plan, aimed at increasing oil and gas production capacity.

NIOC head:

Supporting domestic firms ensures future of oil industry

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the importance of supporting domestic manufacturers in the oil industry, stating that such efforts not only drive industry growth but also serve the nation by advancing economic goals and self-sufficiency. 

AOGPC increases oil output by 40,000 bpd 

SHANA (Tehran) –The CEO of Aghajari Oil and Gas Production Company (AOGPC) announced that the company’s daily oil output has increased by 40,000 barrels over the past four months.

Projects worth $45m approved by NIOC in four months 

SHANA (Tehran) – The director of integrated planning at the National Iranian South Oil Company announced the approval of 12 new capital projects worth 3.6 billion tomans (approximately $45 million) during the first four months of the 14th administration.

Overhaul completed at Shazand Oil Refinery 

SHANA (Tehran) – The head of Region 5 of the Imam Khomeini Oil Refinery of Shazand announced that an overhaul of the refinery has been completed using domestic capacities, local equipment, and Iranian experts. 

First vice president visits Ministry of Oil 

SHANA (Tehran) – Mohammadreza Aref, Iran’s first vice president, attended a meeting of the Ministry of Oil’s council of deputies on Saturday. 

Household sector receives 605 mcm of gas on Friday

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company announced that 605 million cubic meters (mcm) of natural gas were allocated to the household, commercial, and small-scale industrial sectors on Friday, marking a 10% increase compared to the same day last year.

Record gas production achieved under 14th administration: NIOC

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced that a new daily record for crude gas production was achieved under the 14th administration.

Target set for 4.5m barrels of oil production by end of Seventh Development Plan

SHANA (Tehran) – A member of the Iranian Parliament’s presiding board announced that the country aims to produce 4.5 million barrels of oil per day by the end of the Seventh Development Plan (2028).

15th Khuzestan oil exhibition kicks off in Ahvaz

SHANA (Tehran) – The 15th Khuzestan Specialized Exhibition of Petroleum Industry, Equipment, Manufacturing opened in Ahvaz on Saturday.

KOGPC daily sweetening of gas stands at 600 mcf: CEO

SHANA (Tehran) –The CEO of Karoon Oil and Gas Production Company (KOGPC) highlighted the sweetening of approximately 600 million cubic feet of associated gas per day and stated that the company has the lowest gas flaring rate among oil production companies.

NIGC announces 80% progress in gas supply to Chabahar

SHANA (Tehran) – The managing director of the National Iranian Gas Company (NIGC) expressed satisfaction with the 80% progress in gas supply to Chabahar, stating that the approval for the development of the Makoran steel pipeline has been issued, and the project will significantly contribute to the country’s economic cycle.

Oil minister:

All legal capacities to be used to remove private sector obstacles

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized the need for collaboration with private sector players in the oil industry to develop and sustain the sector, stating that the private sector is the path to the country’s progress and salvation.

Daily loss of 27.5 mcm of gas prevented in South Pars

SHANA (Tehran) – The head of maintenance at the first South Pars refinery announced that a major overhaul of the mercaptan removal unit has prevented the daily waste of over 27.5 million cubic meters (mcm) of standard gas.

Dey gas field development project Launched

SHANA (Tehran) – The development project for Dey gas field, capable of producing 3 million cubic meters of sweet gas per day, was officially launched on Thursday.

Iran's first methanol-to-olefins unit set for construction

SHANA (Tehran) - Persian Gulf Ofoq Petrochemical Parks Company (PGOPC) signed a technical knowledge agreement and a basic process design package (PDP) contract with the Dalian Institute of Chemical Physics, Chinese Academy of Sciences, to establish the first methanol-to-olefins (MTO) unit in the country.