Shana

Flaring gas recovery a strategic priority for oil industry

SHANA (Tehran) – The CEO of the National Iranian South Oilfields Company (NISOC) said collecting flare gas is among the oil industry’s most important and valuable initiatives to boost efficiency, complete the value chain and protect the environment.

Oil Ministry pursues solutions for petchem industry challenges

SHANA (Tehran) – The Ministry of Oil is actively pursuing solutions to the challenges facing the country's petrochemical sector.

New energy governance model launches with contracts between NIGC, private sector

SHANA (Tehran) - A new, data-driven energy governance model centered on "Operator Companies" officially began with the signing of 22 strategic contracts between the National Iranian Gas Company and the private sector.

19th Iran-Russia Joint Economic Commission to be held in Tehran

SHANA (Tehran) — The 19th Iran-Russia Joint Economic Commission will be held in Tehran from Feb. 16 to 18, with both sides expressing optimism about the expanding scope of bilateral cooperation, Iran’s deputy oil minister for international affairs and commerce said.

Growth of crude production, exports in H1 amid economic stagnation

SHANA (Tehran) – Statistics by the Central Bank of Iran (CBI) show a 1.1-percent growth in crude oil production and exports during first six months of the current Iranian year (started March 21, 2025), an indicative achieved amid economic as a 0.6-percent drop registered in growth domestic production of the country.

Household gas consumption on Sunday stood at 683 mcm

SHANA (Tehran) – Gas consumption by the household, commercial and small-scale industrial sectors reached 683 million cubic meters on Sunday, January 25, as temperatures rose slightly.

New, strategic Oil Ministry decisions support employee home ownership

SHANA (Tehran) – The deputy for management and human capital development at the Oil Ministry emphasized diagnosing housing-related challenges for eligible active and retired employees under the ministry's housing plan, stating the process to form the Oil Ministry Housing Cooperative has been completed.

How Iran kept its gas grid running as winter demand hit record levels

SHANA (Tehran) – Iran’s nationwide gas network remained stable during a prolonged winter cold spell and a record surge in consumption, as the Oil Ministry coordinated production increases and supply-demand management to prevent pressure drops across the system.

Farzad B gas field’s first offshore platform nears completion at 93%

SHANA (Tehran) – Construction of the first offshore platform jacket at Iran’s Farzad B gas field is 93 percent complete, the project’s development manager said, adding that the structure is expected to be loaded for transport in the coming days and installed by the end of the year.

Shift in Oil Ministry discourse: Private sector as ‘investors,’ not ‘contractors’

SHANA (Tehran) – The CEO of Oxyne Petroleum Middle East said a strategic shift in Iran's oil industry has changed the Oil Ministry's traditional discourse toward the private sector from that of "contractor" to "investor," increasing the private sector's confidence for long-term investment.

Daily gas extraction from South Pars reaches 727 mcm

SHANA (Tehran) – The daily gas extraction from the shared South Pars gas field reached a record 727 million cubic meters, the CEO of the National Iranian Oil Company announced Wednesday.

Cold weather to persist across most of Iran through week’s end

SHANA (Tehran) – The head of the National Center for Climate and Drought Crisis Management at Iran’s Meteorological Organization said a sharp drop in temperatures and the persistence of cold weather will continue across most parts of the country through the end of the week.

Daily delivery of 58m liters of diesel

Power plant fuel reserves rise by 1b liters

SHANA (Tehran) – The country's usable liquid fuel reserves for power plants reached 3.4 billion liters on Jan. 19, marking an increase of more than 1 billion liters compared to the same date last year.

National selection body hails Oil Ministry as pioneer in AI, tech-driven hiring

SHANA (Tehran) – The secretary of the Supreme Selection Board praised the achievements of the Oil Ministry's Central Selection Board, stating that many national innovations in the selection field were first designed and implemented there, making it a leading model for the country.

Monthly 60-liter gasoline quota recharge on Wednesday

SHANA (Tehran) – The 60 liters of gasoline quota for private vehicles for the next Iranian month of Bahman will be recharged into personal fuel smart cards on Wednesday morning (January 21).

Petrochemical companies drive national energy-saving campaign

SHANA (Tehran) – The energy consumption optimization manager of the National Petrochemical Company announced increased participation by gas subscribers in the "10% Energy Consumption Reduction" campaign. He stated this initiative is a five-year roadmap for enhancing resilience—a trust placed in the public through collaboration with petrochemical companies and is being implemented with full integrity, transparency, and oversight.

Which firms are executing billion-dollar oil contracts?

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has signed about $2.7 billion in contracts with 12 domestic and foreign companies for "guaranteed drilling services" and "crude oil processing services for oil fields" under a public-private partnership model. The agreements, signed on Thursday, January 15, were attended by Masoud Pezeshkian, the president, and Minister of Oil Mohsen Paknejad. But which companies will execute these contracts and play a role in increasing and maintaining Iran's oil production?

SHANA head appointed

SHANA (Tehran) – The caretaker of the Public Relations Department of Iran’s Ministry of Oil appointed Amir Dashti as head of the Petro Energy Information Network (SHANA) on Sunday.

Private sector to process 12% of Iran’s crude

SHANA (Tehran) – With the implementation of skid-mounted equipment projects under a public-private partnership model, 12% of oil refining operations within National Iranian Oil Company will be done by the private and non-governmental sectors, said the investment and business development director of the National Iranian Oil Company (NIOC).

Inking contract worth $1b on guaranteed purchase of drilling services

SHANA (Tehran) – Oil minister put the total value of a contract signed by the National Iranian Oil Company on guaranteed purchase of drilling services at about $1 billion, explaining that 20 drilling rigs of 2,000 horse power will be added to Iran’s drilling fleet in five years.

Appointment of acting public relations chief at NIOC

SHANA (Tehran) – The National Iranian Oil Company appointed Masoud Keshavarz as acting head of public relations.

Gov’t ready to eliminate barriers to investors

SHANA (Tehran) – President Masoud Pezeshkian expressed his thanks to Oil Ministry staffs for their efforts in progressing the develop-based goals of the 14th administration in the oil and energy, especially on cooperation and attraction of private sector collaboration.

In a ceremony attended by President Pezeshkian

NIOC signs $2.7b-worth investment contracts

SHANA (Tehran) – The National Iranian Oil Company (NIOC) signed contracts on guaranteed purchase of drilling services and processing crude in oilfields with a total value of $2.7 billion in on Thursday.

Minister says Iran’s crude export process continues

SHANA (Tehran) – Oil minister announced that the oil industry staffs of various sectors support the Iranian establishment, adding that the country’s crude export process continues as in the past.

Ascending trend for flare gas collection during last year

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) said his company inaugurated major projects during last Iranian year (ended March 20, 2025), adding that flare gas collection witnessed a rising trend compared to previous periods.

Five research achievements unveiled in Ahvaz oil expo

SHANA (Tehran) – The National Iranian South Oilfields Company (NISOC) unveiled three “first-of-its-kind manufacturing” sets as well as two research plans at the 16th Khuzestan Specialized Exhibition of Oil Industry Equipment Manufacturing in Ahvaz on Monday.

Tech-based self-sufficiency gaining through university-industry collaboration

SHANA (Tehran) – The head of research and technology at the National Iranian South Oilfields Company (NISOC) said the 16th Khuzestan Specialized Exhibition of Oil Industry Equipment Manufacturing in Ahvaz paves the ground for offering a real image of domestic capabilities, university-industry synergy and coherent move toward technology-based self-sufficiency.

Installation of second jacket for South Pars Phase 11

SHANA (Bushehr) – The second wellhead jacket for Phase 11 of the South Pars gas field, weighing more than 2,000 tons, has been installed in Persian Gulf waters, announced the caretaker for South Pars Phase 11 development project, adding that it will be completed in upcoming days.

Oil minister attends massive march in Tehran to denounce recent riots

SHANA (Tehran) – Oil Minister Mohsen Paknejad attended a gathering along with tens of thousands of people in the Iranian capital of Tehran on Monday to denounce the recent riots orchestrated by the enemies.

Techno-operational measures by NISOC to boost crude production

SHANA (Tehran) – The deputy director for petroleum engineering at the National Iranian South Oilfields Company (NISOC) elaborated on technical, operational and infrastructure measures to boost and maintain crude oil production.