Shana

Optimization plans offer quick solution for sustainable feedstock supply in petchem industry

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stressed that optimization projects are a faster and more effective way to secure gas savings for a sustainable feedstock supply to the petrochemical industry.

Liquid fuel deliveries to power plants reach 107m liters

SHANA (Tehran) –Liquid fuel deliveries (diesel and mazut) to power plants increased by 1 million liters compared to the previous week, reaching 107 million liters per day.

NDF to play greater role in boosting oil production

SHANA (Tehran) – The head of the National Development Fund’s executive board said that the Economic Council of Iran has approved a plan to increase daily oil production by 250,000 barrels, as the fund is participating in its financing.

Bushehr Petrochemical Company produces nearly 3m tons of products in nine months

SHANA (Tehran) – Bushehr Petrochemical Company produced approximately 3 million tons of petrochemical products and over 547 million cubic meters of utility services in the first nine months of the current Iranian year (started March 20, 2024).

MoU signed on managing gas consumption

SHANA (Tehran) – The National Petrochemical Company (NPC) and Zagros Petrochemical Company signed a memorandum of understanding (MoU) to leverage Zagros Petrochemical's resources in support of a campaign aimed at reducing household and commercial gas and electricity consumption by 10%.

Residential gas consumption hits 75% of total usage

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company announced that residential, commercial, and small industrial sectors consumed 635 million cubic meters (mcm) of sweet gas, accounting for 75% of the total gas supplied to the national grid.

Paknejad:

Oil Ministry prioritizes safe, transparent environment for investors

SHANA (Tehran) –Minister of Oil Mohsen Paknejad announced his ministry’s readiness to collaborate with the private sector and chambers of commerce to achieve the nation’s overarching economic goals.

Parliament speaker:

Producing one cubic meter of gas requires $8 investment

SHANA (Tehran) – Parliament Speaker Mohammad-Baqer Qalibaf emphasized on Thursday that producing one cubic meter of gas requires an $8 investment, but imbalances in the energy sector cannot be resolved through investment in production alone.

Deputy minister:

Oil product pipelines to reach 15,000 kilometers by late-March

SHANA (Tehran) – The Deputy oil minister announced that the country’s crude oil and petroleum product pipeline network would expand by 1,000 kilometers in the near future, increasing the total length from 14,000 kilometers to 15,000 kilometers by the end of the current Iranian year (March 20).

Residential gas consumption increases amid cold weather

SHANA (Tehran) – Residential, commercial, and small-scale industrial gas consumption surged to 617 million cubic meters (mcm) on Wednesday due to colder temperatures, according to Hassan Mousavi, spokesperson for the National Iranian Gas Company (NIGC).

Pipeline supplying Bandar Abbas Refinery officially operational

SHANA (Tehran) – The pipeline supplying crude oil to the Bandar Abbas refinery, an offshoot of the Goreh-Jask crude oil pipeline with a daily capacity of 300,000 barrels, was officially inaugurated on Thursday.

Paknejad:

Iran’s gas production in full swing to get through winter

SHANA (Tehran) – The minister of oil emphasized the need to manage consumption alongside increasing the country’s energy production capacity, stating that gas production is currently operating at full capacity to ensure passage through the winter months.

MoU signed for boosting low-yielding oil wells

SHANA (Tehran) – A tripartite agreement was signed to implement the executive guidelines for Article 13 of the Economic Council’s resolution regarding the boosting production of low-yielding oil wells.

President stresses continued energy consumption management

SHANA (Tehran) – The president has called on all government officials to maintain strict oversight of energy consumption management in their respective departments.

Acidizing operation on Seventh Well of SP Phase 11 completed

SHANA (Tehran) – The project manager for the development of Phase 11 of South Pars announced the completion of the acidizing operation on the seventh well of the SPD11B platform in the shared South Pars gas field.

Daily CNG consumption in Iran exceeds 21 mcm

SHANA (Tehran) – The manager of the CNG project at the National Iranian Oil Products Distribution Company announced that over 21 million cubic meters (mcm) of compressed natural gas (CNG) are consumed daily in Iran.

$80m annual savings will be achieved with new pipeline to Bandar Abbas Refinery

SHANA (Tehran) – The CEO of the National Iranian Oil Engineering and Construction Company announced that the newly operational pipeline supplying feedstock from the Goreh-Jask main pipeline to the Bandar Abbas refinery will save $80 million annually by replacing sea transportation with land transportation.

NIORDC:

Euro-standard fuel production rises 11% under 14th administration

SHANA (Tehran) – The production of Euro-standard petroleum products in Iran increased by 11% during the 14th administration, according to the operations coordination and supervision manager at the National Iranian Oil Refining and Distribution Company (NIORDC).

Minister:

Leveraging petrochemical refineries to reduce crude exports

SHANA (Tehran) – The minister of oil discussed plans to reduce crude oil exports, emphasizing the importance of petrochemical refineries and mini-refineries.

NIGC:

Ensuring gas network stability requires consumption management

SHANA (Tehran) – The deputy minister of oil for gas affairs emphasized that the current stability of the national gas network is a result of effective network management and the cooperation of all institutions and citizens with the National Iranian Gas Company (NIGC).

Clarifying fuel smuggling situation is a public demand: Paknejad

SHANA (Tehran) – Mohsen Paknejad, the minister of oil emphasized that clarifying the situation of fuel smuggling in the country is a public demand.

Comprehensive efforts by Oil Ministry to address energy imbalance

SHANA (Tehran) – The oil minister highlighted that the country faces a significant energy imbalance and said the ministry is fully committed to ensuring the fuel supply needed to address this issue.

President: Gov’t will certainly stop fuel smuggling

SHANA (Tehran) – Iranian President Masoud Pezeshkian emphasized the government's commitment to combating daily fuel smuggling, calling it a significant waste of national wealth. 

First vice president:

Progress made in addressing energy imbalances

SHANA (Tehran) – Iran’s first vice president stated that current imbalances in the gas and electricity sectors are solvable with public cooperation noting that “Significant steps have been taken to address these imbalances, and we plan to share updates once the government’s efforts yield final results.”

Major advancement for Bandar Abbas refinery in securing stable feedstock supply

SHANA (Tehran) – The CEO of Bandar Abbas Oil Refining Company announced the launch of a new pipeline supplying the refinery with a daily capacity of 300,000 barrels, eliminating the need for maritime transportation of feedstock. 

PEDEC emphasizes on preserving Hur al-Azim in Sohrab Oilfield development

SHANA (Tehran) – The CEO of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of protecting the Hur al-Azim wetland during the development of the Sohrab Oilfield at the ninth Joint Management Committee (JMC) meeting for the project. 

NIGC:

Household daily gas consumption reaches 590 mcm

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) reported that gas consumption in the household, commercial, and small-scale industrial sectors has reached 590 million cubic meters (mcm).

First AI-powered fuel tanker unveiled in Iran

SHANA (Tehran) – The National Iranian Oil Products Distribution Company (NIOPDC) unveiled the country’s first road fuel tanker equipped with artificial intelligence technology, according to Ali-Asghar Abbasi, deputy managing director of the company.