Shana

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.  

PGPIC ready to cooperate with Uzbekistan

SHANA (Tehran) – The CEO of Persian Gulf Petrochemical Industries Company (PGPIC) announced readiness to develop a roadmap for Iran-Uzbekistan cooperation in the petrochemical sector, stressing the need to expand bilateral collaboration, joint investments, and the exchange of petrochemical products and feedstocks.

Digital Public Relations: A prerequisite for professional public opinion management

SHANA (Tehran) – The deputy oil minister for gas affairs emphasized the strategic role of public relations in accurately representing the realities of the gas industry, stressing the need for digital tools, precise information, and a professional approach in organizational communications.

Nationwide fuel tracking system to disrupt smuggling operations

SHANA (Tehran) –The director of the Real-Time Monitoring Plan for the Supply and Distribution Chain of Petroleum Products at Iran's National Oil Engineering and Construction Company announced that the plan will be operational by the end of the Iranian year 1404 (March 2026).

NIORDC drives urban fleet modernization in Tehran

SHANA (Tehran) –The National Iranian Oil Refining and Distribution Company (NIORDC) has signed a memorandum of understanding to replace 20,000 gasoline-powered motorcycles with electric ones in Tehran, marking the first step toward modernizing the city’s fleet to promote clean transportation and reduce fuel consumption.

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.

‘Public Relations: Embodiment of honesty in building trust’

SHANA (Tehran) – The legal affairs assistant to the minister and secretary of the Central Selection Board of the Ministry of Oil congratulated everyone on Communications and Public Relations Day.

PIDMCO oversees 25 projects worth $11b amid sanctions

SHANA (Tehran) – The CEO of Petrochemical Industries Development Management Company (PIDMCO) announced that the firm is currently managing 25 projects valued at over $11 billion despite challenging sanctions. Some of these projects are among the largest national initiatives, and their completion is critical for boosting production and strengthening the economy.

PR plays pivotal role in advancing oil industry

SHANA (Tehran) – The Director-General of Public Relations for the Ministry of Petroleum congratulated all professionals in the field, particularly the pioneers of public relations in Iran’s oil industry, on Public Relations and Communications Day.

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.

Isfahan Refinery pushes forward on eco-friendly RHU upgrade

SHANA (Tehran) – The CEO of Isfahan Oil Refining Company stated that the Residual Hydrotreating Unit (RHU) upgrade project is progressing swiftly without any stoppages or major issues. The only current obstacle is delays in procuring certain project materials due to suppliers failing to meet commitments.

Isfahan Oil Refinery produces heptane solvent for first time in Iran

SHANA (Tehran) – The Isfahan Oil Refinery has successfully produced heptane solvent for the first time in Iran. This product plays a significant role in reducing air pollution by cutting MTBE consumption.

Venezuela Energy Supply and Exports

SHANA (Tehran) - Venezuela was once a prominent oil market player in the world. For years, it has been experiencing a sharp decline in its energy supply due to political tumults along with economic mismanagement and international sanctions. By late 2024, the oil and gas production outlook in Venezuela indicates an intertwined layer of challenges and gradual improvement, impacting both local affairs and exports.

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.

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.

NIOC head stresses collaboration, precision in financial management

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) described financial affairs as one of the most complex yet critical pillars of the company, stating that financial management demands precision, insight, and comprehensive coordination.

$200m investment to capture flare gas  

SHANA (Tehran) - The CEO of Hoveyzeh Persian Gulf Gas Refining Company announced development plans in the upstream sector aimed at ensuring stable feedstock for petrochemical plants. The company has prioritized capturing associated gas from the Darkhovein and West Karun gas fields.  

Iran Oil Show symbolizes self-reliance, inspires hope

SHANA (Tehran) – The director-general of public relations at the Ministry of Oil said one of the key goals of the oil exhibition is to strengthen self-confidence and inspire hope among the country’s technical experts. He noted that around $200 million in contracts for first-time domestic production were signed with knowledge-based companies during the event.

BIPC invests to complete value chain

SHANA (Tehran) – The CEO of Bandar Imam Petrochemical Complex (BIPC) said the company’s investment in the Marun Petrochemical Diamond Project is a key step toward completing the value chain for its products.

Oil minister reports on Iran Oil Show 2025 at cabinet meeting

SHANA (Tehran) – Oil Minister Moussen Paknejad provided a detailed report on the 29th International Oil, Gas, Refining, and Petrochemical Exhibition (Iran Oil Show 2025) during a cabinet meeting on Sunday afternoon, May 11.

$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.