Shana

NIOC sees faster payment collection amid oil price decline

SHANA (Tehran) – Behzad Shamsi, chief financial officer of the National Iranian Oil Company (NIOC), said global oil prices have dropped about 21% in recent months compared with previous periods—a significant decline. However, the oil ministry has partly offset the drop by boosting export volumes and reducing discounts.

Oil Ministry backs more than 80% of first-of-a-kind manufacturing projects

SHANA (Tehran) — More than 80% of Iran’s first-of-a-kind manufacturing projects have been carried out with the support of the Oil Ministry, a deputy oil minister said, underscoring the ministry’s long-standing policy of backing domestic production.

Daily diesel deliveries to power plants rise to 65m liters

SHANA (Tehran) – Daily deliveries of diesel to Iran’s power plants have increased by 30 percent to 65 million liters to ensure continued electricity generation, the National Iranian Oil Refining and Distribution Company said.

Oil sale proceeds deposits overseen by CBI, minister says

SHANA (Tehran) – Oil minister said the mechanism for depositing proceeds from oil sales is overseen, monitored and controlled by the Central Bank of Iran, stressing that the Oil Ministry has no role in banking operations related to those funds.

LPG production at Fajr Jam refinery up 38%

SHANA (Tehran) – The CEO of Fajr Jam Gas Company said the company produced nearly 19,000 metric tons of liquefied petroleum gas (LPG) in the first nine months of the current Iranian year, marking a 38% increase from the same period last year.

MoUs inked for two South Pars gas compression hubs

SHANA (Tehran) – Two cooperation agreements have been signed to launch specialized studies and oversee basic engineering for Hubs 3 and 6 of the South Pars gas field pressure-boosting project.

Oil sales volume remains strong, minister says

SHANA (Tehran) – Iran’s oil sales volume remains strong and continues at previous levels, Oil Minister Mohsen Paknejad said on Thursday.

South Azadegan production capacity hits 160,000 barrels a day

SHANA (Tehran) — The chief executive of Petropars Group said the operational capacity of the South Azadegan joint oil field has increased to 160,000 barrels per day, citing the start-up of the second train of the central processing facility and the gradual return of wells to production.

Second Azadegan processing train boosts output, stabilizes production in West Karoun

SHANA (Tehran) — Iran’s oil minister said the launch of the second processing train at the South Azadegan central processing facility will play a key role in increasing output, capturing associated gas and stabilizing sustainable production in the West Karoun region.

Imported premium gasoline sales to begin in Tehran

SHANA (Tehran) – Iran will begin offering imported premium gasoline in Tehran starting Thursday, according to a statement from the National Iranian Oil Products Distribution Company.

Paknejad says oil sale discounts have declined

SHANA (Tehran) – Iran’s oil minister said discounts offered on Iranian crude sales have steadily declined over the past year, while early data from a new gasoline policy show lower fuel consumption, though he cautioned against drawing short-term conclusions.

Research, technology at the core of oil industry transformation

SHANA (Tehran) – Iran’s Ministry of Oil marked Research and Technology Week this year with a focus on developing advanced technologies, strengthening ties between industry, universities and new technology-based firms, and advancing a targeted shift toward digital transformation.

Gas sales to petrochemicals fund major share of subsidy program

SHANA (Tehran) – A senior oil official said a substantial portion of the country’s targeted subsidy funding is generated from natural gas sales to industry—particularly petrochemical producers—underscoring the sector’s role in financing public welfare programs.

PDA rolled out for oil industry

SHANA (Tehran) – Iran’s oil minister issued a standardized Innovative Product Development Agreement, known as the PDA, to support the use of advanced products and expand domestic manufacturing by new technology-based firms (NTBFs) across the oil industry.

Oil minister appoints head of audit and general assemblies

SHANA (Tehran) – Iran’s oil minister appointed Fa’ezeh Daneshvar as director general of audit and general assemblies at the Ministry of Petroleum, according to a decree issued by Minister Mohsen Paknejad.

Arvandan oil output rises with start-up of Darkhovin Well 35

SHANA (Tehran) – The managing director of Arvandan Oil & Gas Company said production has increased following the start-up and flow of Well 35 at the Darkhovin oil field after years of inactivity, adding 4,000 barrels per day to the company’s oil output.

Savings should be directed to oil with sound policies

SHANA (Tehran) — A senior economic official said proper policymaking could make oil investments more profitable than gold, redirecting public savings toward the oil industry.

Digital transformation at core of NIOC research contracts

SHANA (Tehran) – The head of research and technology at the National Iranian Oil Company said the company has signed new research and technology contracts centered on the use of artificial intelligence and digital transformation in exploration, drilling and production to boost efficiency and cut time and costs.

Technology annex key to innovation surge in oil industry

SHANA (Tehran) – The deputy oil minister for engineering, research and technology said a directive issued by the oil minister to organize research and technology activities in the oil industry has been communicated and assigns clear responsibilities, adding that under the directive, a priority roadmap for the industry was drafted within three months.

Focus on cost cuts and higher output

Research tops NIOC agenda

SHANA (Tehran) – The head of the National Iranian Oil Company said research is a top priority for the company, citing the allocation of 4% of operating expenditures to research activities, a focus on innovative studies and efforts to improve drilling rig efficiency as key pillars for boosting production and creating economic value.

Two tech-based products unveiled by RIPI

SHANA (Tehran) – Two tech-based products developed by the Research Institute of Petroleum Industry (RIPI) were unveiled during the institute’s Research and Technology Festival.

RIPI signs two agreements

SHANA (Tehran) – The Research Institute of Petroleum Industry (RIPI) signed two separate cooperation agreements aimed at expanding technological and research collaboration and supporting the commercialization of technical know-how.

RIPI should lead oil sector’s technology efforts

SHANA (Tehran) – Iran’s deputy oil minister for engineering, research and technology said the Research Institute of Petroleum Industry should become the central hub for technological activities in the oil sector, playing a stronger role in meeting the country’s technology needs through active participation by researchers.

Positive shifts ahead for investment in oil industry

SHANA (Tehran) – A member of Iran’s Expediency Council said positive changes are on the way for investment in the oil industry, adding that financing will soon be available to all qualified participants, a move expected to create a significant boost in the sector.

INIF to boost commercialization of oil technologies

SHANA (Tehran) – The head of the Iran National Innovation Fund said the oil industry is a top priority in the fund’s support policies and voiced readiness to work with the Oil Ministry and the Research Institute of Petroleum Industry to strengthen financing for technology commercialization and the growth of knowledge-based companies.

New generation should see conservation as a value, not a mandate

SHANA (Tehran) – A senior official at Iran’s Ministry of Education said the education system, alongside the oil, petrochemical and other industries, aims to raise a generation that views conservation not as an obligation but as a core value—treating national resources as a trust for future generations and pursuing development in tandem with sustainability.

Four MoUs signed to optimize energy consumption

SHANA (Tehran) – The National Petrochemical Industries Company signed four memorandums of understanding aimed at optimizing energy consumption nationwide.

Tenth well completed at Kish Gas Field

SHANA (Tehran) – The project manager for the Kish gas field development said operations to complete the 10th well in the project’s first phase have finished, enabling daily production capacity of 20 million cubic meters of gas.

Transportation is the lifeline of oil industry support

SHANA (Tehran) – The head of the Oil Ministry’s Transportation Coordination Office described transportation as the beating heart of operational support for Iran’s oil industry, saying a short-, mid- and long-term transformation roadmap has been drafted to modernize the fleet and deploy smart logistics.

Transportation’s decisive role in oil industry resilience

SHANA (Tehran) – The deputy oil minister for management development and human capital said transportation plays a decisive role in the resilience of Iran’s oil industry, stressing its importance in maintaining stable energy flows in production, fuel supply, transport and distribution—particularly during crises and wartime.