Shana

Caspian Sea deepwater drilling project to resume

SHANA (Tehran) – The CEO of Khazar Exploration and Production Company (KEPCO) announced the resumption of exploratory activities in the shallow waters of the Caspian Sea after 28 years, adding that a return to deepwater drilling is also on the agenda. A semi-submersible platform, which had been completely idle since 2014, will return to operation after necessary repairs.

PBO: Oil industry is driving force of Iran's economy

SHANA (Tehran) – The head of Iran’s Plan and Budget Organization described the oil, gas, refining and petrochemical industries as the driving force of the country’s economy, stating, "Our top priority in the ‘Year of Investment for Production’ is special attention to the energy sector."

NPC: 15 petchem projects worth $6b to come online in 1404

SHANA (Tehran) –The CEO of the National Petrochemical Company announced the launch of 15 petrochemical projects worth $6 billion in 1404 (2025-26), adding three new products to Iran’s petrochemical portfolio.

Paving way needed for private sector in oil industry

SHANA (Tehran) – The head of Iran’s Supreme Audit Court said government and quasi-government entities must create space for private sector activity in the oil industry.

Gov’t spox praises oil industry staff’s efforts

SHANA (Tehran) – The government spokesperson acknowledged the efforts of the Ministry of Petroleum last year to ensure optimal winter fuel supply, stating: "As a fellow citizen, I appreciate the hardworking individuals in the oil industry."

ICOFC reports 10 mcm increase in gas production

SHANA (Tehran) – The CEO of Iranian Central Oil Fields Company (ICOFC) highlighted the company’s major role in supplying the country’s onshore gas while simultaneously managing production and development operations.

Iran plans to extract 722 mcm of gas from South Pars

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) announced that the strategic management plan for the South Pars gas compression project was formally handed over to the company last week.

Sina Energy Holding signs deals with Russian, Iranian companies

SHANA (Tehran) – Three contracts and one memorandum of understanding were signed between a subsidiary of Sina Energy Holding and the Russian companies ZN Vostok and Soyuzkhim Export, and the Iranian company Petro Iranian Karkheh.

Iran to launch 60,000-barrel Siraf Refinery by March 2026

SHANA (Tehran) – The CEO of National Iranian Oil Refining and Distribution Company (NIORDC) announced that a 60,000-barrel refinery in the Siraf region will become operational by the end of the current Iranian year (March 2026).

NISOC plays vital role in Iran’s economy, energy production: CEO

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) emphasized the critical role of the company in securing the country’s energy supply, reporting a significant increase in oil and gas production last year.

PEDCO prioritizes tech in oil, gas projects

SHANA (Tehran) – The CEO of Petroiran Development Company (PEDCO) announced the implementation of offshore and onshore projects, stating that expanding the drilling fleet, leveraging technology-based capabilities, and integrating expert graduates into the organizational structure are key priorities for the company.

MoU signed to replace 1m low-consumption heaters

SHANA (Tehran) – The CEO of the National Iranian Gas Company (NIGC) reported on the beginning gas heaters optimization plan with high efficiency.

Iran urged to redefine role in global energy system

SHANA (Tehran) -- The head of the Institute for International Energy Studies on Saturday emphasized the importance of redefining Iran’s role in the evolving energy order, asking domestic institutions to collaborate on drafting a precise energy supply document.

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.

IOPTC inks two MoUs with NTBFs

SHANA (Tehran) – Iran Oil Pipelines and Telecommunications Company (IOPTC) signed two memorandums of understanding (MoUs) in the field of pipeline physical monitoring with new technology-based firms (NTBFs).

Oil minister’s visit to Iran Oil Show 2025 on Second Day

SHANA (Tehran) – On the second day of the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025), at its busiest hour—when the sun hammered down on the metal roofs of the exhibition booths—Oil Minister Mohsen Paknejad began touring the industry’s largest festival.

10 MoUs signed for Gachsaran oil, gas development projects

SHANA (Tehran) – On the second day of the 29th Iran International Oil, Gas, Refining, and Petrochemical Exhibition, Gachsaran Oil and Gas Company took a major step toward developing specialized equipment and supporting new technology-based firms by signing 10 contracts and memorandums of understanding with domestic firms.

Major transformation in IOTC' maritime fleet

SHANA (Tehran) – At the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025), the Iranian Oil Terminals Company (IOTC) unveiled a comprehensive plan to rebuild and modernize its maritime operational fleet. The initiative aims to enhance safety, boost productivity, reduce reliance on leased vessels, and increase operational capacity.

Oil exhibition provides opportunity for public-private sector collaboration

SHANA (Tehran) – The CEO of Lavan Special Economic Energy Zone emphasized the need to realize the goal of "investment for production" in the oil industry, stating that the 29th International Oil, Gas, Refining & Petrochemical Exhibition (Iran Oil Show 2025) presents a valuable opportunity for cooperation between the public and private sectors.

Technology essential to move from research to operations

SHANA (Tehran) – At a specialized meeting, the deputy supervisor of production for shared oil and gas fields at the National Iranian Oil Company (NIOC) said Iran’s innovation and technology ecosystem has diverged from practical realities and must shift from a research-oriented approach to serving operational forces.

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.

Iran unveils digital system for oil laboratory data management

SHANA (Tehran) -- Iranian Oil Terminals Company unveiled a smart comprehensive laboratory information management system here on Saturday on the sidelines of the 29th Iran International Oil, Gas, ‎Refining and ‎Petrochemical Exhibition, aiming to integrate data, enhance laboratory services, and accelerate processes.

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.

MoU signed to develop oil export infrastructure

SHANA (Tehran) – A cooperation agreement was signed between the Iranian Oil Terminals Company and Sadra Company to develop export infrastructure.

Introducing investment opportunities at IOTC

SHANA (Tehran) – The CEO of the Iranian Oil Terminals Company (IOTC) announced the development of diverse investment packages in key sectors of the oil industry, emphasizing their role in sustainable development.

Oil industry must double development efforts to meet 7th plan goals

SHANA (Tehran) -- A significant increase in oil industry development activities is required to achieve the objectives of Iran’s Seventh Development Plan, said the CEO of Oil Petroleum Engineering and Development Company (PEDEC) here on Friday.

Renewable energy development in petrochemical industry

SHANA (Tehran) – The CEO of the Persian Gulf Renewable Energy Development Company announced plans to manage the electricity supply for subsidiary petrochemical companies using renewable energy, converting gas currently used for power generation into feedstock for petrochemical units.

Petchem industry boosts market position through diversification

SHANA (Tehran) – The head of international affairs at Iran’s National Petrochemical Company (NPC) emphasized the company’s focus on expanding export markets and enhancing its bargaining power in global trade.

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.

150,000-barrels increase in oil production under 14th administration

SHANA (Tehran) – The head of oil and gas production monitoring at the National Iranian Oil Company announced a 150,000-barrels increase in oil production in 1403 (ended March 20) despite a temporary halt in output from the Abouzar field.