Shana

Gov’t spox:

Young engineers key to unlocking oil industry challenges

SHANA (Tehran) – Government spokesperson Fatemeh Mohajerani said Saturday that young engineers in the oil industry have successfully addressed key challenges in the sector, emphasizing the government’s duty to support them and help resolve obstacles.

40% increase in liquid fuel delivery to power plants in 1403

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced a 40% increase in liquid fuel delivery to power plants in the Iranian year 1403 (ended March 20) compared to 1402, stating that 21.8 billion liters of liquid fuel were supplied to power plants last year.

South Pars gas production to increase by 15 mcm per day

SHANA (Tehran) – The CEO of the South Pars Gas Complex highlighted its role in supplying 73% of the country’s gas and announced the early start of major refinery overhauls, targeting a daily production increase of 10 to 15 million cubic meters (mcm) this winter.

Sustainable gas supply in winter: Result of integrated management at Oil Ministry

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC), Saeid Tavakoli, attributed the successful passage through the winter of 1403 (ended March 20) to integrated and coordinated management within the Oil Ministry. He stated that planning for the upcoming winter has been underway since the beginning of the year.

NIORDC focuses on expanding modern transportation infrastructure

SHANA (Tehran) – A tripartite memorandum of understanding (MoU) was signed to develop electric vehicle (EV) charging infrastructure and establish shared battery swap stations at fuel stations across Iran. The agreement, aimed at expanding modern transportation infrastructure and promoting electric and shared mobility, was signed by the National Iranian Oil Refining and Distribution Company (NIORDC), Mapna Group, and the Oil Industry Research and Technology Fund.

Oil Industry supports NTBFs on path to industrial self-sufficiency

SHANA (Tehran) – The deputy minister of petroleum for engineering, research, and technology announced the ministry’s diverse programs to support knowledge-based companies, identifying first-time production as one of the most important ways to enhance these companies' role in the oil industry’s value chain.

MoU inked to replace 20,000 gasoline-powered motorcycles with electric ones

SHANA (Tehran) – A memorandum of understanding was signed to replace 20,000 gasoline-powered motorcycles with electric ones in Tehran as part of efforts to promote clean transportation, reduce air pollution, and cut fuel consumption. The agreement was signed between the National Iranian Oil Refining and Distribution Company, executive agencies, and companies active in urban logistics.

Paknejad:

Oil Ministry gears up oil contract approvals

SHANA (Tehran) – Oil Minister Mohsen Paknejad said Friday that since the start of the current administration, a dedicated team at his ministry has worked to address delays in finalizing oil contracts, reducing the approval process from several years to about six months.

Caspian Sea drilling operations resume after 3-decade halt on oil minister’s orders

SHANA (Tehran) – Oil Minister Mohsen Paknejad ordered the restart of exploratory drilling operations in the shallow waters of the Caspian Sea, deploying the drilling rig of the Northern Drilling Company in the Rudsar structure in Block 18 at a water depth of 70 meters.

Iran ready to work with investors under any contract model

SHANA (Tehran) – The CEO of the National Iranian Oil Co. (NIOC) emphasized the importance of investment in research and development (R&D), stating, "We are ready to cooperate with thinkers, new technology-based firms, and investors under any contract model."

8% economic growth achievable through surge in oil industry investment

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) stated that directing domestic investments toward the oil industry would stimulate other economic sectors, helping achieve the projected 8% growth target under the Seventh Development Plan.

Iran aims to leverage legal, technological capacity in oil industry

SHANA (Tehran) -- The deputy oil minister for engineering, research and technology underscored the need to fully utilize legal and technological capacity to drive the country’s oil sector forward, expressing hope it would yield results in the coming year.

President calls on oil companies to submit plans for boosting production, exports

SHANA (Tehran) - During a visit to Iran Oil Show 2025, President Masoud Pezeshkian asked companies participating in the event to submit their proposals for increasing production and exports for review by the Oil Ministry and the government.  

2,200 companies attending Middle East's largest oil industry gathering

SHANA (Tehran) – The 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025) officially opened Thursday, bringing together around 2,200 domestic and international companies in what is considered the Middle East's premier oil industry event.

President Pezeshkian visits Iran Oil Show 2025

SHANA (Tehran) – President Masoud Pezeshkian visited various sections of the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025) on Thursday, shortly after its official opening by Oil Minister Mohsen Paknejad.

Oil minister inaugurates Iran Oil Show 2025

SHANA (Tehran) – The 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025) was officially inaugurated by Oil Minister Mohsen Paknejad, who unveiled the event’s official logo.

Crude exports continue at highest level despite sanctions

$10b investment transforms oil industry: Oil minister

SHANA (Tehran) – The oil minister announced increased oil and gas production capacity, plans for $10 billion in projects by the end of the current Iranian year 1404 (March 2026), and new measures by the Oil Ministry to facilitate contracts, attract investment, and support new technology-based firms (NTBFs).

Paknejad urges facilitating private sector participation in oil contracts

SHANA (Tehran) – Iran’s oil minister highlighted the potential of specialized oil and gas exhibitions and outlined measures by the Oil Ministry to streamline contract signings, attract investment, and increase private sector involvement under the 14th administration.

Iran backs OPEC+ decisions to stabilize oil market

SHANA (Tehran) - Iran’s oil minister emphasized that the Islamic Republic, as president of the OPEC Conference and a member of OPEC+, is closely monitoring global oil market developments in 2025.

Gas industry operators are backbone of NIGC: CEO

SHANA (Tehran) - The CEO of the National Iranian Gas Company (NIGC) emphasized the importance of enhancing the knowledge and skills of gas industry operators, highlighting their key role in supplying and transmitting the country’s energy.

South Pars aims for maximum gas output in winter  

SHANA (Tehran) - The production and operations manager of Pars Oil and Gas Company detailed this year’s major maintenance plans for South Pars gas platforms, emphasizing efforts to maximize gas extraction this winter to meet the country’s needs.  

President Pezeshkian:

Economic recovery depends on subsidy, consumption reform

SHANA (Tehran) – President Masoud Pezeshkian said reforming consumption patterns, increasing productivity, and fairly distributing subsidies are among the government’s top priorities to overcome the current crisis. He stated that nearly $150 billion in hidden energy subsidies are paid annually, adding that proper management of these resources would eliminate poverty in the country.

Power plant gas consumption surpasses household use

SHANA (Tehran) – An analysis of recent three-day data shows that gas consumption by power plants continues to rise. The gap between power plant and household consumption reached over 96 million cubic meters (mcm) between Friday (May 2) and Sunday (May 4).

150 foreign companies to attend Iran Oil Show 2025

SHANA (Tehran) – The 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025) will kick off in Tehran on May 8, showcasing Iran’s pivotal role in the global energy supply chain. The event, which runs for four days, will draw participation from over 2,000 domestic and foreign companies, including 150 international firms from 14 countries.

Over 2,000 companies to participate in Iran Oil Show 2025

SHANA (Tehran) – More than 2,000 domestic and international companies will take part in the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025)— a record high for the event’s attendance.

CEO: Miankaleh project has no permit from NPC

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) stated that the Miankaleh Petrochemical Project failed to obtain environmental permits from the outset and emphasized that no permit was issued by the company for the project. The matter is now under review in compliance with a formal order from the president, with a comprehensive report being prepared.

NPC:

Petchem production capacity to hit 105m tons by year-end 

SHANA (Tehran) - The CEO of the National Petrochemical Company (NPC) announced that by the end of the Iranian calendar year 1404 (March 2026), the nominal production capacity of the petrochemical industry is expected to reach 105 million tons, with exports of approximately 34.8 million tons worth about $13.6 billion. 

Paknejad:

Gasoline quality improvement continues with refinery upgrades

SHANA (Tehran) – Iran’s oil minister announced the continuation of quality improvement projects at domestic refineries to enhance gasoline standards, stating that some refineries already produce Euro 4 and Euro 5 gasoline. Once these projects are completed, the supply of higher-quality fuel will increase.

From Kharg to Asaluyeh

Persian Gulf: Beating heart of Iran's economy

SHANA (Tehran) – The Persian Gulf and its integral role in Iran's energy supply have made this shining body of water—stretching from Asaluyeh to Kharg—an irreplaceable pillar of Iran's economy.

GECF Secretary General extends condolences after tragic incident at Shahid Rajaee Port

SHANA (Tehran) — The Gas Exporting Countries Forum (GECF) expressed deep sorrow over the deadly explosion at Shahid Rajaee Port in Bandar Abbas of Hormuzgan Province offering condolences to Iran’s government and people.