Shana

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.  

Iran’s refining capacity reaches 2.4 mbd

SHANA (Tehran) – Iran’s refining capacity has increased to 2.4 million barrels per day, with the Abadan refinery accounting for the largest share of this growth, according to Mohammad-Ali Dadvar, deputy CEO of the National Iranian Oil Refining and Distribution Company (NIORDC).

Speaker:

Strengthening trade with Venezuela centered on private sector

SHANA (Tehran) – The speaker of Iran’s Parliament emphasized the importance of developing strategic relations between Iran and Venezuela, calling for enhanced trade centered on the private sector, the use of non-dollar currencies and leveraging BRICS capabilities.

SPGC’s role in strengthening national power grid

SHANA (Tehran) – The CEO of South Pars Gas Complex announced that the Besat Power Plant, part of the complex, has been steadily generating electricity. In addition to supplying energy to 13 refineries, it feeds surplus power into the grid of four neighboring counties, playing a key role in reinforcing the regional power network.

Annual loss of up to $8b due to fuel smuggling

SHANA (Tehran) – The advisor to the CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) reported an annual loss of $6 to $8 billion in national resources due to fuel smuggling.

Power plants lead in gas consumption: Nearly 2 bcm in one week

SHANA (Tehran) – Statistics show that from May 24 to 30, 2025, gas consumption by power plants was significantly higher than that of major industries and households, reaching nearly 2 billion cubic meters (bcm).

​​​​​​​Iranian AI for the World Oil Industry

SHANA (Tehran) - In an era where quick and precise access to specialized information is a key to effective decision-making and competitiveness in strategic industries, Pasargad Energy Development Co. (PEDC) has greatly benefited from modern technologies.

SCI: Iran’s Economy grows 3% in 1403, including oil sector

SHANA (Tehran) – The Statistical Center of Iran (SCI) has reported a 3% economic growth for the country in 1403 (ended March 20) when including oil, and 2.1% without it.

Upgrading offshore infrastructure essential for gas compression project

SHANA (Tehran) - The CEO of Pars Oil and Gas Company emphasized the need to enhance industrial workshop infrastructure for building offshore facilities to support the strategic gas compression project in South Pars.  

Abadan Refinery’s 50-MW share in supporting power grid 

SHANA (Tehran) - The CEO of Abadan Oil Refining Company announced that the facility has met its internal electricity needs while supplying surplus power to the city grid to support residents during the hot season.

Domestic goods purchases rise 45% at Gachsaran complex

SHANA (Tehran) - The caretaker of procurement and goods affairs at Gachsaran Oil and Gas Operating Company said more than 5,500 items worth over 12.5 trillion rials were produced by domestic manufacturers at the company’s request, marking a 45% increase compared to the same period last year.  

OPEC+ agrees to 411k bpd July output hike, eyes market balance

SHANA (Tehran) - The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on May 31, 2025, to review global market conditions and outlook.

Major expansion at Qeshm Dock to enhance fuel supply

SHANA (Tehran) – The project manager of the 5,000-ton Qeshm Dock said the goal of the project is to improve port infrastructure, increase docking capacity for vessels, boost export potential, enhance fuel supply, and stimulate economic growth on Qeshm Island.

Silent dedication: The men behind South Pars gas Refinery 9

SHANA (Tehran) – Under the unbearable heat and heavy humidity of Asaluyeh, the workers at Refinery Nine of the South Pars Gas Complex stand steadfast—humble yet diligent—despite the hardships of their work, lack of amenities, and economic pressures. While, according to managers, the Ministry of Oil has taken steps to improve the conditions of operational staff, the path toward full justice in payments and enhancing workers’ welfare is still ongoing.