Shana

MP: Energy imbalance cannot be resolved in four months

SHANA (Tehran) –The deputy chairman of the parliamentary Energy Committee praised the Oil Ministry's efforts to ensure winter fuel supplies but emphasized that resolving the country's energy imbalance requires time and cannot be achieved within three or four months.

Collaboration among South Pars energy firms to be strengthened

SHANA (Tehran) – A meeting was held between the CEOs of South Pars Oil and Gas Company (SPOGC), the Pars Special Economic Energy Zone Organization, and the South Pars Gas Complex (SPGC) to enhance cooperation and strengthen synergies among oil and gas companies operating in the South Pars region.

NIGC:

Iran sets record in sweet gas production, transmission

SHANA (Tehran) – The deputy oil minister for gas affairs announced that daily sweet gas production in the country’s refineries has reached a record high of 865 million cubic meters (mcm).

Abadan Refinery contained minor fire in decommissioned pipelines

SHANA (Tehran) – A minor fire in decommissioned oil product pipelines at the Abadan Refinery was brought under control in less than 30 minutes, thanks to the prompt response of refinery firefighters.

NIOPDC:

50% increase in liquid fuel supply to power plants registered in four months

SHANA (Tehran) – The National Iranian Oil Products Distribution Company (NIOPDC) announced a 50% increase in liquid fuel delivery to power plants during the past four months compared to the same period last year.

President: Improving consumption habits can manage energy imbalances

SHANA (Tehran) – The president stated that while Iran holds the largest combined reserves of oil and gas globally, its energy consumption—three to four times higher than Europe's—has caused a crisis as he emphasized that reforming consumption habits is key to managing energy imbalances.

NIGC head announces record gas production in Iran

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) announced a record daily gas production of 862 million cubic meters (mcm), noting that this winter, nearly 80 to 82% of the total gas produced is being consumed by the residential, commercial, and small industrial sectors.

Maximizing capabilities of domestic firms for implementation of metering project

SHANA (Tehran) – The project manager for the real-time monitoring of the petroleum product production-to-distribution chain (metering and monitoring) at the National Iranian Oil Refining and Distribution Company (NIORDC) announced the successful implementation of this project.

Seven MoUs signed to renew petroleum products transport fleet

SHANA (Tehran) – The National Iranian Oil Products Distribution Company (NIOPDC) has signed seven tripartite memorandums of understanding (MoUs) with three banks and seven automotive companies to renew and strengthen a fleet of 3,000 petroleum product transport vehicles.

Deputy oil minister:

$90m allocated for metering project

SHANA (Tehran) – The deputy minister of oil for hydrocarbon resource supervision announced the allocation of more than 70 trillion rials (approximately $90 million) for the implementation of a metering project.

Oil Ministry committed to addressing energy imbalances: Lawmaker

SHANA (Tehran) – A member of the Iranian Parliament's Presiding Board praised the Oil Ministry's efforts in producing and distributing natural gas and petroleum products, emphasizing its commitment to resolving energy imbalances.

Gas supply to power plants rises by 180 mcm in one month

SHANA (Tehran) – Masoud Kazemi, deputy for dispatching operations at the National Iranian Gas Company, announced that the cumulative gas supply to power plants in the ninth month of the current Iranian year (Nov. 21-Dec. 20) increased by 180 million cubic meters (mcm) compared to the same period last year.

NIGC:

Household gas consumption reaches 610 mcm

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) reported that household, commercial, and small industrial sectors consumed 610 million cubic meters of natural gas out of the country’s total daily consumption of 859 million cubic meters (mcm).

Real-time monitoring of petroleum supply, distribution chain launched

SHANA (Tehran) – The CEO of the National Iranian Oil Engineering and Construction Company announced the launch of the “Real-Time Monitoring of the Petroleum Supply and Distribution Chain” project.

Pezeshkian urges swift action to address illegal petroleum products distribution

SHANA (Tehran) –Iranian president stressed the importance of speeding up the process of identifying the points where petroleum products exit the legal distribution channels.

Oil minister:

Deals worth $6b will be signed on pressure boosting in SP

SHANA (Tehran) – Iran’s oil minister announced that contracts worth $6 billion for pressure enhancement at the South Pars gas field will be signed soon, emphasizing that this project is one of the country’s top priorities. He warned that if the pressure enhancement project is not implemented, the field’s reservoir pressure would decline in the next two years.

Crude production hike of 30,000 bpd targeted for Sepehr, Jofeir fields

SHANA (Tehran) – The CEO of Pasargad Exploration and Production Company announced that oil production from the Sepehr and Jofeir fields has surpassed 50,000 barrels per day, with hopes to achieve a further increase of 30,000 barrels daily next year. 

Gas consumption in residential sector up 18%

SHANA (Tehran) – A sum of 613 million cubic meters (mcm) of natural gas were consumed on Monday in the residential, commercial, and industrial sectors, marking an 18% increase compared to the same period last year.

CEO of SPGC:

Gas injection to national pipeline rises by 1.2 bcm

SHANA (Tehran) – The CEO of the South Pars Gas Complex announced a 1.2 billion cubic meter increase in natural gas injection to the main national pipeline during the first eight months of this year compared to the same period last year.

Government spokesperson:

Fuel supply to power plants doubled

SHANA (Tehran) – The government spokesperson announced that the delivery of diesel fuel to power plants has doubled, marking a 100% increase.

Managing director:

Value of experiences in SPOGC not less than production of 700 mcm of gas

SHANA (Tehran) – The CEO of the South Pars Oil and Gas Company (SPOGC) stated that the value of the company's experiences and intellectual assets is equivalent to a daily production of 700 million cubic meters of gas.

Lawmaker admires efforts by Oil Ministry in energy supply amid challenges

SHANA (Tehran) – A member of the Iranian Parliament's Presidium praised the Oil Ministry's performance in ensuring energy supply despite high fuel consumption and a sharp drop in temperatures across various regions.

Deputy minister:

Iranian E&P companies fully developed in oil projects implementation

SHANA (Tehran) – The deputy minister of oil for research and technology stated that the efforts launched eight years ago to develop Iranian exploration and production (E&P) companies have now come to fruition, as he expressed hope for the active participation of capable Iranian companies in oil projects.

Exploration, production firms urged to renewable energy development

SHANA (Tehran) - The CEO of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of Iranian exploration and production companies’ involvement in the development of renewable energy, stating that the Ministry of Oil is responsible for energy optimization in the country, so, renewable energy should be used for self-sufficiency in electricity.

Iran’s first center of WRFM inaugurated

SHANA (Tehran) – The first simultaneous, real-time center for Wells Reservoir and Facility Management (WRFM) in Iran was launched on Tuesday with an investment of $10 million in its first phase.

VP calls for shift from business intelligence to AI in oil industry

SHANA (Tehran) – The Vice President for Science, Technology, and Knowledge-Based Economy emphasized the need to focus on the integration of artificial intelligence (AI) in the oil industry, stating that in order to reach AI, business intelligence must first be achieved.

Head of Parliament’s Energy Committee:

Energy shortages have accumulated over years

SHANA (Tehran) – The head of the Parliament’s Energy Committee stated that the issue of energy imbalances is not new, adding that challenges in this sector have built up over time and culminated in the current situation as he emphasized the need for short-, medium-, and long-term solutions to address the problem.

Parliament speaker urges managing energy consumption with effective methods

SHANA (Tehran) – The Speaker of Parliament said that when citizens were asked to reduce their energy consumption by two degrees, they cooperated, resulting in daily savings of over 40 million cubic meters of gas, as he emphasized the need to manage energy consumption through proper methods.

Gov’t spox:

Past policy missteps behind current energy imbalances

SHANA (Tehran) – The government spokesperson stated that current imbalances are the outcome of flawed policies from the past, emphasizing that these issues did not arise overnight.