Shana

NIOC head calls work in Khuzestan’s heat a national endeavor

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) emphasized the importance of serving the people of Khuzestan and the company’s commitment to job creation and fulfilling social responsibilities in the region, stating, “Working in the hot regions of Khuzestan is a great endeavor.”

Deputy oil minister praises Kharg Oil Terminal staff as guardians of oil exports

SHANA (Tehran) – The deputy oil minister for international affairs and commerce praised the efforts of Kharg Oil Terminal employees, stating, “You are the guardians of the country’s oil exports in the heart of the Persian Gulf, playing a vital role in achieving national and economic goals.”

Paknejad:

Domestic manufacturers account for 85% of oil industry’s largest desalination facility

SHANA (Tehran) – Oil Minister Mohsen Paknejad announced that domestic manufacturers contributed 85% of the equipment for the oil industry’s largest desalination facility.

Phase 2 of Ahvaz crude desalination plant inaugurated

SHANA (Tehran) – Phase 2 of the Ahvaz Central Desalination Unit was officially inaugurated on Wednesday under the directive of President Masoud Pezeshkian and in the presence of Oil Minister Mohsen Paknejad during the president’s visit to Khuzestan Province.

CEO announces prevention of 150,000 barrel oil production loss in Maroun

SHANA (Tehran) – The CEO of Maroun Oil and Gas Production Company (MOGPC) announced that a successful fishing operation in one of the company’s Bangestan wells prevented the well from being shut down for two months, averting a daily production loss of 2,500 barrels of crude oil.

Tehran, Baku to continue oil, gas cooperation

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad emphasized the continuation of energy cooperation between Iran and Azerbaijan during a meeting with the Azerbaijani Prime Minister’s deputy on Tuesday.

Second phase of Ahvaz oil desalination plant set for inauguration

SHANA (Tehran) – The second phase of the Ahvaz Central Desalination Plant will be inaugurated during the president’s visit to Khuzestan province, with the oil minister in attendance.

Paknejad to travels to beating heart of Iran’s oil industry

SHANA (Tehran) – The oil minister will accompany the president on a two-day trip to Khuzestan Province, where he will attend development and managerial meetings related to the oil and gas industry.

Meeting held for development plan of three oilfields

SHANA (Tehran) – The 25th meeting of the Joint Management Committee (JMC) for the development plan of the Cheshmeh Khosh, Dalpari, and Paydar-e Sharq oilfields was held Monday in Tehran.

IOTC:

Iran’s crude exports unstoppable

SHANA (Tehran) – The CEO of Iranian Oil Terminals Company (IOTC) stated that oil exports, as the cornerstone of economic development, continue uninterrupted thanks to the dedicated efforts of employees across all operational regions.

Iran maintains position as OPEC’s third-largest producer

SHANA (Tehran) – According to the first 2025 report from the Secretariat of the Organization of the Petroleum Exporting Countries (OPEC), Iran maintained its position as the third-largest producer in the organization, with daily oil output reaching 3.314 million barrels in December, 2024. 

NISOC increases crude oil production

SHANA (Tehran) – The head of the Engineering and Development Department of the National Iranian South Oil Company (NISOC) announced the use of downhole pumps to boost and maintain production from low-pressure wells.

High-quality supplies essential for joint oilfield projects: PEDEC

SHANA (Tehran) – The procurement and logistics manager of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of securing high-quality supplies for strategic projects in shared oilfields as quickly as possible.

Daily gasoline output up by 10m liters in four months: NIORDC

SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC) announced that gasoline production increased daily by more than 10 million liters in the four months ending December 20, 2024 owing to technical measures.

Pilot water injection project aims boosting oil extraction

SHANA (Tehran) – Farokh Naseri-Karimvand, technical director of the National Iranian South Oil Company (NISOC), announced that a pilot water injection project could significantly increase recoverable oil reserves in southern oil-rich regions by more than 5 billion barrels if successful.

NIOC:

100 investment packages up for grab to boost oil, gas production

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced that five oil projects are ready for operation and 100 investment packages in the oil industry will be presented to domestic and foreign private sectors in the coming weeks, saying these initiatives aim to increase oil and gas production in the country.

NISOC:

Crude production of 5 mbd possible

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) said achieving a crude production capacity of 5 million barrels per day (mbd) is not out of reach, though it may be delayed due to global shifts away from fossil fuels.

AOGPC increases oil output by 40,000 bpd 

SHANA (Tehran) –The CEO of Aghajari Oil and Gas Production Company (AOGPC) announced that the company’s daily oil output has increased by 40,000 barrels over the past four months.

Overhaul completed at Shazand Oil Refinery 

SHANA (Tehran) – The head of Region 5 of the Imam Khomeini Oil Refinery of Shazand announced that an overhaul of the refinery has been completed using domestic capacities, local equipment, and Iranian experts. 

Target set for 4.5m barrels of oil production by end of Seventh Development Plan

SHANA (Tehran) – A member of the Iranian Parliament’s presiding board announced that the country aims to produce 4.5 million barrels of oil per day by the end of the Seventh Development Plan (2028).

15th Khuzestan oil exhibition kicks off in Ahvaz

SHANA (Tehran) – The 15th Khuzestan Specialized Exhibition of Petroleum Industry, Equipment, Manufacturing opened in Ahvaz on Saturday.

Iran's oil exports continue despite sanctions

SHANA (Tehran) – Iran's oil exports keep on despite the ongoing and intensifying US sanctions targeting the country's oil industry and speculation about a decline in Iran's oil exports is entirely unfounded.

Gov’t Spokesperson:

Iran’s crude production has not decreased

SHANA (Tehran) – The government spokesperson stated that oil production has not declined and emphasized that currency price management is underway, noting that the drop in oil prices and the rise in exchange rates is unrelated to oil production.

Oil production increase in South Azadegan joint field

SHANA (Tehran) – The CEO of Arvandan Oil and Gas Company announced a 2,000-barrel increase in oil production from the South Azadegan joint field.

Iran’s official oil prices for January announced

SHANA (Tehran) – The National Iranian Oil Company (NIOC) released the official selling prices for Iranian crude oil in January 2025.

SP first private sector oil dock begins operations

SHANA (Tehran) – The first private sector oil dock in the South Pars region has successfully entered operational service after completing its first fueling operation.

Development of phase 2 of Azar Oilfield to begin soon

SHANA (Tehran) – The project manager for the Azar Oilfield development said the Economic Council's approval for the second phase of the field’s development, under new oil contracts with an investment forecast exceeding $1 billion, has been granted.

NDF to play greater role in boosting oil production

SHANA (Tehran) – The head of the National Development Fund’s executive board said that the Economic Council of Iran has approved a plan to increase daily oil production by 250,000 barrels, as the fund is participating in its financing.

Paknejad:

Oil Ministry prioritizes safe, transparent environment for investors

SHANA (Tehran) –Minister of Oil Mohsen Paknejad announced his ministry’s readiness to collaborate with the private sector and chambers of commerce to achieve the nation’s overarching economic goals.

MoU signed for boosting low-yielding oil wells

SHANA (Tehran) – A tripartite agreement was signed to implement the executive guidelines for Article 13 of the Economic Council’s resolution regarding the boosting production of low-yielding oil wells.