Shana

President:

Inherited energy imbalances will be resolved

SHANA (Tehran) – President Masoud Pezeshkian stated that his administration did not create the imbalances in gas and electricity but inherited them, vowing to address the issues through collective efforts.

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.

President:

Iran, Azerbaijan to become strategic partners through continued cooperation

SHANA (Tehran) – President Masoud Pezeshkian emphasized that the continuation and strengthening of cooperation between Iran and Azerbaijan will transform the two nations into strategic partners.

Leader adores private sector as vital for Iran’s progress

SHANA (Tehran) – Leader of Iran’s Islamic Revolution Ayatollah Seyyed Ali Khamenei highlighted that the only way to advance the country is by leveraging the capabilities of the private sector.

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.

Oil Ministry honored at 20th Int’l PR Symposium

SHANA (Tehran) – The Public Relations Department of the Ministry of Oil was recognized at the 20th International Public Relations Symposium for its excellence in organizational, national, and global harmony.

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.

Nearly 80 Oil, gas wells completed in Iran over 10 months: NIDC

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) for drilling operations announced that 79 oil and gas wells have been drilled and completed across onshore and offshore areas of the country over the past 10 months, thanks to the efforts of the company’s drilling teams.

President: Addressing imbalances requires adjusting consumption patterns

SHANA (Tehran) – President Masoud Pezeshkian stated that imbalances in water, electricity, fuel, finances, and the environment cannot be resolved without reforming consumption patterns.

DoE chief praises Oil Ministry for fuel quality improvement plan

SHANA (Tehran) – The head of Iran’s Department of the Environment (DoE) thanked the Oil Ministry for its collaboration in developing a structured plan to improve fuel quality and refine petroleum products, despite the country’s challenges.

Drilling progress reaches 90% for 10 wells in South Azadegan: NIDC

SHANA (Tehran) – The drilling manager for West Karoun oilfields at the National Iranian Drilling Company (NIDC) announced that the cumulative progress of drilling 10 wells in the shared South Azadegan oil field has surpassed 90%.

President: Mini refineries key to combating fuel smuggling, sanctions

SHANA (Tehran) – President Masoud Pezeshkian said Sunday that one way to boost economic development in southern ports is to issue licenses for small-scale refineries, adding that he has ordered streamlined processes to facilitate their establishment.

Exploration activities resume in offshore sector after five-year hiatus

SHANA (Tehran) – The head of exploration at the National Iranian Oil Company (NIOC) announced that exploration drilling in offshore areas will resume after a five-year pause, marking the first such activity under the 14th administration.

VP: Hidden energy subsidies fuel smuggling of energy resources

SHANA (Tehran) – The parliamentary deputy to the president stated that hidden energy subsidies in the country amount to a significant sum and are one of the reasons behind the smuggling of energy resources.

Abadan Refinery to increase gasoline production

SHANA (Tehran) –The CEO of Abadan Refinery announced that the facility’s daily gasoline production will increase by 8 to 10 million liters as operational conditions stabilize.

Paknejad:

Iran’s oil sector offers great investment opportunities for Russians

SHANA (Tehran) – Iran’s oil industry is a treasure trove of investment opportunities, Oil Minister Mohsen Paknejad said Friday, adding that favorable conditions exist for Russian companies to invest in the sector.

Gov’t spokesperson:

Positive steps underway to combat fuel smuggling

SHANA (Tehran) – The government spokesperson said that positive developments are expected in the coming days to prevent fuel smuggling, following recent measures.

Leveraging external capabilities, primary strategy of NIORDC

SHANA (Tehran) – The deputy CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) emphasized that the company’s internal capacities are insufficient to meet the needs of the refining and distribution industry.

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.

NIOC to accelerate hydrocarbon discovery operations

SHANA (Tehran) – Mohyeddin Jafari, head of Exploration Department at the National Iranian Oil Company (NIOC), emphasized the need to improve the execution of drilling projects, stating that the discovery of hydrocarbon resources will accelerate as obstacles are removed and new onshore and offshore rigs are added to the exploration fleet.

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.

Vice president:

Government bent on resolving energy imbalance

SHANA (Tehran) – Hossein Afshin, Vice President for Science, Technology, and Knowledge-Based Economy, stated that the 14th government is committed to resolving the energy imbalance within the next three years.

Deputy minister calls for innovative financing models for renewable energy

SHANA (Tehran) – Omid Shakeri, Deputy Oil Minister for Engineering, Research, and Technology, emphasized that relying solely on increased production and storage to resolve Iran’s gas imbalance is a mistake.

NIORDC head stresses need to diversify fuel portfolio

SHANA (Tehran) –The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) emphasized the necessity of diversifying the country’s fuel portfolio, stating that increasing production alone will not resolve the imbalance in liquid fuel supply.

Pezeshkian highlights NDF’s role in addressing energy imbalances

SHANA (Tehran) – The board of trustees of the National Development Fund (NDF) has decided to urgently examine, develop, and present actionable solutions for the fund’s role in addressing energy imbalances and supporting national development for approval.

Aref praises Oil Ministry’s outstanding performance in recent five months

SHANA (Tehran) – First Vice President Mohammadreza Aref commended the Oil Ministry for its remarkable achievements in boosting production during the first five months of the 14th administration, stating that these advancements were made despite numerous challenges.

Paknejad announces $120b investment to boost oil, gas production

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized that a total of $120 billion is needed to achieve the quantitative goals of the 7th Development Plan, aimed at increasing oil and gas production capacity.

First vice president visits Ministry of Oil 

SHANA (Tehran) – Mohammadreza Aref, Iran’s first vice president, attended a meeting of the Ministry of Oil’s council of deputies on Saturday. 

Oil minister:

All legal capacities to be used to remove private sector obstacles

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized the need for collaboration with private sector players in the oil industry to develop and sustain the sector, stating that the private sector is the path to the country’s progress and salvation.

Daily loss of 27.5 mcm of gas prevented in South Pars

SHANA (Tehran) – The head of maintenance at the first South Pars refinery announced that a major overhaul of the mercaptan removal unit has prevented the daily waste of over 27.5 million cubic meters (mcm) of standard gas.