Shana

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.

Parliament speaker:

Producing one cubic meter of gas requires $8 investment

SHANA (Tehran) – Parliament Speaker Mohammad-Baqer Qalibaf emphasized on Thursday that producing one cubic meter of gas requires an $8 investment, but imbalances in the energy sector cannot be resolved through investment in production alone.

Deputy minister:

Oil product pipelines to reach 15,000 kilometers by late-March

SHANA (Tehran) – The Deputy oil minister announced that the country’s crude oil and petroleum product pipeline network would expand by 1,000 kilometers in the near future, increasing the total length from 14,000 kilometers to 15,000 kilometers by the end of the current Iranian year (March 20).

Pipeline supplying Bandar Abbas Refinery officially operational

SHANA (Tehran) – The pipeline supplying crude oil to the Bandar Abbas refinery, an offshoot of the Goreh-Jask crude oil pipeline with a daily capacity of 300,000 barrels, was officially inaugurated on Thursday.

Paknejad:

Iran’s gas production in full swing to get through winter

SHANA (Tehran) – The minister of oil emphasized the need to manage consumption alongside increasing the country’s energy production capacity, stating that gas production is currently operating at full capacity to ensure passage through the winter months.

President stresses continued energy consumption management

SHANA (Tehran) – The president has called on all government officials to maintain strict oversight of energy consumption management in their respective departments.

NIORDC:

Euro-standard fuel production rises 11% under 14th administration

SHANA (Tehran) – The production of Euro-standard petroleum products in Iran increased by 11% during the 14th administration, according to the operations coordination and supervision manager at the National Iranian Oil Refining and Distribution Company (NIORDC).

Minister:

Leveraging petrochemical refineries to reduce crude exports

SHANA (Tehran) – The minister of oil discussed plans to reduce crude oil exports, emphasizing the importance of petrochemical refineries and mini-refineries.

NIGC:

Ensuring gas network stability requires consumption management

SHANA (Tehran) – The deputy minister of oil for gas affairs emphasized that the current stability of the national gas network is a result of effective network management and the cooperation of all institutions and citizens with the National Iranian Gas Company (NIGC).

Comprehensive efforts by Oil Ministry to address energy imbalance

SHANA (Tehran) – The oil minister highlighted that the country faces a significant energy imbalance and said the ministry is fully committed to ensuring the fuel supply needed to address this issue.

President: Gov’t will certainly stop fuel smuggling

SHANA (Tehran) – Iranian President Masoud Pezeshkian emphasized the government's commitment to combating daily fuel smuggling, calling it a significant waste of national wealth. 

First vice president:

Progress made in addressing energy imbalances

SHANA (Tehran) – Iran’s first vice president stated that current imbalances in the gas and electricity sectors are solvable with public cooperation noting that “Significant steps have been taken to address these imbalances, and we plan to share updates once the government’s efforts yield final results.”

PEDEC emphasizes on preserving Hur al-Azim in Sohrab Oilfield development

SHANA (Tehran) – The CEO of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of protecting the Hur al-Azim wetland during the development of the Sohrab Oilfield at the ninth Joint Management Committee (JMC) meeting for the project. 

Iran appoints new representative to OPEC Board, IEF

SHANA (Tehran) – The Iranian minister of oil appointed Ali-Mohammad Mousavi as the new representative of the Islamic Republic of Iran to the OPEC Board of Governors, the Executive Board of the Gas Exporting Countries Forum (GECF), and the International Energy Forum (IEF).

Daily gas production at South Pars hits record high of 714 mcm 

SHANA (Tehran) – The deputy for operations and support at Pars Oil and Gas Company (POGC) announced a record daily production of 714 million cubic meters (mcm) of gas at the South Pars field.

Pezeshkian urges energy efficiency education in gov’t bodies

SHANA (Tehran) – The president stressed the need for training programs on efficient energy use across all government bodies, as well as promoting public awareness and education on energy conservation.

POGC:

First gas well of SP infill drilling project to go online soon

SHANA (Tehran) – The managing director of Pars Oil and Gas Company (POGC) announced that the first gas well of the South Pars Infill Drilling Project will be operational within the next month.

NIOC plans to establish AI department

SHANA (Tehran) – The managing director of the National Iranian Oil Company (NIOC) announced plans to create a specialized artificial intelligence (AI) department during the closing ceremony of the Shahid Tondgouyan Digital Oil and Gas Fields Competition on Sunday.

Deputy oil minister visits key gas projects in eastern Iran

SHANA (Tehran) – Hamid Bovard, CEO of the National Iranian Oil Company, conducted a comprehensive visit to major gas projects in eastern Iran.

Deputy oil minister:

Oil Ministry responsible for fuel supply as consumption management lies with Energy Ministry

SHANA (Tehran) – The deputy oil minister for gas affairs emphasized the division of responsibilities in energy management, stating that the Oil Ministry handles fuel supply while the Energy Ministry oversees consumption.

Pipeline supplying Bandar Abbas Oil Refinery with 300,000-bpd capacity launched

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced the commissioning of a pipeline supplying feedstock to the Bandar Abbas Oil Refinery.

BIPC petrochemicals exports up 35%

SHANA (Tehran) – Bandar Imam Petrochemical Company (BIPC) exported 1.006 million tons of products in the first nine months of the current Iranian year, marking a 35% increase compared to the same period last year.

Pezeshkian:

Gov’t plans to promote responsible consumption patterns

SHANA (Tehran) – The president announced that the government has devised plans to foster a culture of responsible consumption, aiming to address and mitigate related challenges.

Oil minister:

Iran’s oil production capacity to increase by 250,000 bpd

SHANA (Tehran) – The oil minister announced plans to increase oil production capacity by approximately 250,000 barrels per day.

President: Collaborative efforts help overcome challenges in energy supply

SHANA (Tehran) – The president emphasized that despite predictions of heightened energy imbalances in the ninth month of the current Iranian calendar year, the nation has successfully averted the anticipated challenges in energy and electricity supply.

Oil minister highlights continued diesel supply to power plants

Daily production of diesel grows by over 10m liters 

SHANA (Tehran) – The oil minister announced that the country’s daily diesel production has increased by 10-12 million liters and assured the continuation of efforts to meet the fuel needs of power plants amid approaching colder weather.

President urges energy consumption management

Iran consumes $35b worth of gas annually

SHANA (Tehran) – President Masoud Pezeshkian stated that $35 billion worth of gas is consumed annually in the country, emphasizing the importance of conservation.

Deputy oil minister visits Razi Technology Park

SHANA (Tehran) –The deputy minister of oil for engineering, research, and technology, along with research managers from the Ministry of Oil, visited Razi Technology Park in Rey, south of the Iranian capital of Tehran on Wednesday.

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.

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).