Shana

Clarifying fuel smuggling situation is a public demand: Paknejad

SHANA (Tehran) – Mohsen Paknejad, the minister of oil emphasized that clarifying the situation of fuel smuggling in the country is a public demand.

Major advancement for Bandar Abbas refinery in securing stable feedstock supply

SHANA (Tehran) – The CEO of Bandar Abbas Oil Refining Company announced the launch of a new pipeline supplying the refinery with a daily capacity of 300,000 barrels, eliminating the need for maritime transportation of feedstock. 

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).

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.

NIOC stresses need to boost gas storage in Eastern Iran

SHANA (Tehran) – Hamid Bovard, CEO of the National Iranian Oil Company (NIOC), emphasized the importance of enhanced technical management and gas storage planning in eastern Iran.

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.

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.

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. 

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.

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.

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.

Paknejad:

Oil Ministry, Parliament’s Energy Committee join hands to address energy shortages

SHANA (Tehran) – Iranian Oil Minister Mohsen Paknejad said that discussions with members of the Energy Committee of the Parliament resulted in a consensus around enhancing mutual cooperation to address energy shortages, adding that “The goal is to ensure fuel supply with minimal repercussions.”

NIOPDC dismisses rumors of gasoline price hike

SHANA (Tehran) – National Iranian Oil Products Distribution Company (NIOPDC) on Sunday dismissed recent rumors regarding an increase in gasoline prices.

Oil industry can reliably use domestic technology: Deputy minister

SHANA (Tehran) – The deputy minister of oil for engineering, research, and technology said that for the first time, the number of domestic manufacturers has surpassed that of suppliers on Iran's Ministry of Oil's long list of producers, noting that domestic companies have reached a technological maturity, allowing the oil industry to confidently utilize their products.

CEO:

POGC plays great role in sustainable gas supply

SHANA (Tehran) – The CEO of Pars Oil and Gas Company (POGC) highlighted the company's significant role in ensuring the sustainable supply of gas in the country, stating that the company has consistently played an indispensable part in this effort with 13 refineries and 39 production and support platforms.

NIOPDC announces 36% rise in power plant fuel delivery in Tehran

SHANA (Tehran) – The director of the Tehran branch of the National Iranian Oil Products Distribution Company (NIOPDC) announced a 36% hike in liquid fuel deliveries to the province's power plants over the past two months saying, “The average daily gasoline consumption in Tehran is now 22 million liters, reflecting a 5% increase compared to the same period last year.”

Iran increases daily diesel production by 15m liters under new gov’t

SHANA (Tehran) – A senior official from the National Iranian Oil Refining and Distribution Company (NIORDC) announced an increase of 15 million liters in the country's daily diesel production over the four months of the new government's term.

VP says Iran's energy consumption levels are unprecedented globally

SHANA (Tehran) – Iran’s First Vice President Mohammadreza Aref stated that the country’s energy consumption intensity is unparalleled globally, adding that efforts to address environmental challenges have often been obstructed by populist rhetoric.

Oil minister: No challenges in Iran’s oil sales

SHANA (Tehran) – The oil minister addressed rumors about problems with oil sales, dismissing them as baseless and part of psychological operations by adversaries. "We currently have no issues with selling oil," he said, adding "Measures have been taken to ensure we face minimal challenges in the future."

Energy minister: Oil Ministry striving to maximize power plant fuel supply

SHANA (Tehran) – The energy minister praised public cooperation in energy conservation and stated that the Oil Ministry is working diligently to ensure fuel supply for power plants.

CBI governor:

Iran’s crude sales have not decreased

SHANA (Tehran) – The governor of the Central Bank of Iran (CBI) stated that rumors suggesting China will reduce its purchase of Iranian oil in the future are completely false, noting that both oil production and investments are on the rise.

Vice president:

No plans to raise gasoline prices at present

SHANA (Tehran) – The vice president for executive affairs announced that the government subsidizes each liter of gasoline in Iran by 40,000 tomans (0.52 dollar), emphasizing that discussing imbalances in gasoline production and consumption does not imply an intention to raise prices under current circumstances.

Aref: Energy shortages will be resolved with ongoing measures

SHANA (Tehran) – Iran's First Vice President Mohammadreza Aref said that the imbalance in gas and electricity supply would be addressed through ongoing measures and initiatives.

President:

Iranians consume over two times more energy than Europeans

SHANA (Tehran) – President Masoud Pezeshkian highlighted the excessive energy consumption in Iran, stating, "We use more than two to three times the electricity and gas consumed by European countries.”

Oil minister:

New records in fuel supply achieved

SHANA (Tehran) – The oil minister announced the achievement of new records in fuel supply despite severe cold weather and an energy imbalance.

Development of joint oilfields, key strategy for gov't: VP

SHANA (Tehran) - The first vice president announced  that developing shared oilfields is a key strategy of the 14th administration. 

MP: No short-term solution to energy deficit

SHANA (Tehran) – A member of Iran's parliamentary Energy Committee said on Saturday that liquid fuel was not stored during the first half of the year and was instead consumed.

NIOPDC: Fuel delivery to power plants increases by 41%

SHANA (Tehran) – The CEO of the National Iranian Oil Products Distribution Company announced a 41% increase in liquid fuel delivery to power plants compared to the same period last year, saying that this amounts to an additional 4 billion liters of fuel delivered since the beginning of the current Iranian year (March 20).