Shana

Deputy minister urges greater private sector involvement

SHANA (Tehran) - The deputy for legal and parliamentary affairs at the Ministry of Oil emphasized the private sector’s key role in advancing the oil industry’s objectives, stating that the country’s economy remains reliant on oil and that active participation from private sector associations is essential for the industry’s development.  

Energy Exchange CEO:

Market reforms needed to fix Iran’s energy imbalances

SHANA (Tehran) - The CEO of Iran’s Energy Exchange highlighted the country’s significant capacities in oil, gas and other energy carriers, stressing that the only viable solution to address imbalances in the energy market is leveraging transparent and competitive mechanisms through the Energy Exchange.  

OPEC+ monitoring committee holds meeting with oil minister in attendance

SHANA (Tehran) - The 61st meeting of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) was held via video conference with the oil minister as the 2025 OPEC Conference president in attendance.  

Advanced radial drilling technology deployed in Aban oil field

SHANA (Tehran) – The cutting-edge radial drilling technology has been implemented for the first time in Iran’s shared oil fields, specifically in a well at the Aban oil field, aiming to boost oil production and reduce water cut.

Drilling of 10 wells in South Azadegan Field completed

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) for drilling projects announced that, through collaboration between NIDC and the Petroleum Engineering and Development Company (PEDEC), the drilling of 10 wells in the South Azadegan oil field has been completed. Following flow testing, the project was fully handed over to the employer for operation.

OPEC SG praises SHANA’s role in success of 9th OPEC Int’l Seminar

SHANA (Tehran) – In a letter addressed to Ali-Mohammad Mousavi, Iran’s OPEC Governor and Deputy Minister for International Affairs and Trade, OPEC Secretary General Haitham Al Ghais expressed deep appreciation for the SHANA News Agency’s pivotal role as a Media Partner in the success of the 9th OPEC International Seminar.

Non-pricing measures introduced to manage fuel consumption

SHANA (Tehran) - Deputy oil minister announced the implementation of non-pricing measures to manage fuel consumption, stating that the use of an energy efficiency certificate mechanism has enabled financing for fleet modernization and improved fuel efficiency.

High-efficiency heaters to replace 4m old models

SHANA (Tehran) – Iran has officially launched a nationwide project to replace millions of outdated gas heaters with high-efficiency models, aiming to optimize natural gas consumption and redirect saved resources toward industrial use, officials said.

Supplying 700,000 cubic meters monthly

Sea water transfer to Isfahan refinery begins trial operation

SHANA (Tehran) — The managing director of the Isfahan Oil Refining Company announced the launch of trial operations for the first phase of a major seawater transfer project to Isfahan Province, aimed at supplying industrial water needs in the drought-stricken region.

Daily diesel consumption drops by 5m liters through consumption management, anti-smuggling efforts

SHANA (Tehran) – The CEO of the National Iranian Oil Refining and Distribution Company (NIORDC) announced a daily average reduction of 5 million liters in diesel consumption in the current Iranian year (1404) compared to last year.

Leader grants permission for NDF to invest in energy sector

SHANA (Tehran) – The head of the National Development Fund’s executive board announced that the Leader has granted unprecedented permission for the fund to invest in oil, gas, and electricity sectors.

Preventing fuel smuggling through strict oversight, interagency coordination

SHANA (Tehran) – The deputy CEO of the National Iranian Oil Products Distribution Company (NIOPDC) emphasized the necessity of interagency cooperation to prevent off-network fuel distribution and the importance of using personal fuel cards.

OPEC’s pursuit of clean cooking for all: The role of LPG

SHANA (Tehran) – It is a statistic that is both unsettling and shocking. Roughly a quarter of the world’s population, about 2.1 billion people, depend on polluting fuels for cooking. Inefficient cooking fuels pose major health risks, leading to diseases and deaths. Household air pollution is responsible for around 3.2 million deaths per year.

Gas supports power plants; sustained fuel supply ensures stable electricity

SHANA (Tehran) – Power plants remained the top natural gas consumers last week, receiving over 2.024 billion cubic meters of gas.

Paknejad:

Fuel station inspections show no signs of water mixed with gasoline

SHANA (Tehran) – Iran’s oil minister emphasized that periodic and regular inspections of fuel stations by the National Iranian Oil Refining and Distribution Company (NIORDC) have found no evidence of water mixed in gasoline. He added that no consumer complaints have been received regarding the issue.

Old vehicles a major cause of gasoline imbalance, lawmaker says

SHANA (Tehran) – The head of the Iranian Parliament’s Environmental Caucus cited old vehicles as a key factor in the country’s fuel imbalance and said the caucus is reviewing the process of scrapping outdated cars and motorcycles under the Seventh Development Plan (2024-28).

Oil production, exports continuing under favorable conditions

SHANA (Tehran) – Iran’s oil minister said Wednesday the country’s crude production and exports are ongoing and stable, though he declined to provide specific figures.

Drilling fleet productivity nears 80%

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) for drilling operations put the drilling fleet productivity at 78% and announced a 9.1% reduction in standby time during the first quarter of this year. He stated that these achievements were made possible through domestic capabilities, coordinated planning, and centralized management.

NIDC plans annual overhaul of seven rigs

SHANA (Tehran) — The National Iranian Drilling Company (NIDC) has developed a comprehensive annual plan to overhaul and modernize seven drilling rigs as part of a broader strategy to enhance technical and specialized services across the country’s onshore oil and gas fields, a senior official said.

Oil minister’s message after president’s visit:

Oil industry unity is key to overcoming crises

SHANA (Tehran) – The oil minister said the president’s visit to the Oil Ministry boosted the morale of petroleum industry workers. In a message, he thanked employees for their efforts during the days of the Zionist regime’s aggression, calling the solidarity of the oil industry’s workforce the key to overcoming crises.

President praises oil industry staff, calls them 'Frontline warriors'

SHANA (Tehran) – In a message acknowledging the resilience and tireless efforts of oil industry workers during the days of the Zionist aggression, the president said the employees of this sector were frontline warriors who, under the most challenging conditions, courageously and dutifully fulfilled their mission of securing the country’s energy supply.

Fuel supply held steady in war: Minister

SHANA (Tehran) – Oil Minister Mohsen Paknejad welcomed and thanked the president for his unannounced visit to the Oil Ministry on Sunday, calling it a morale booster for petroleum industry employees. He stated that during the 12-day war, the oil industry remained resilient and ensured uninterrupted fuel supply across the country.

OPEC data: Global energy demand to rise 23% by 2050

SHANA (Tehran) – Global energy demand is projected to increase by 23% by 2050, while the world’s population is expected to grow by only 18% in the same period. Changing lifestyles and a 20% rise in urbanization rates will be the key drivers behind this surge in energy demand.

NIDC ready to expand regional role

SHANA (Tehran) – The deputy CEO of the National Iranian Drilling Company (NIDC) announced a comprehensive plan to modernize its drilling fleet, localize equipment production, develop a national drilling engine, and repair and complete 150 oil wells by year’s end (March 20, 2026).

Iran ranks as OPEC's second-largest oil refiner

SHANA (Tehran) – With a refining capacity of 2.237 million barrels per day, Iran holds a 16% share of OPEC’s total refining capacity, making it the second-largest refiner among the organization’s member countries. Iran also accounts for 2.1% of global refining capacity.

NIDC boosts local tech in oil drilling push

SHANA (Tehran) – The CEO of the National Iranian Drilling Company (NIDC) said one of the company’s strategic priorities in recent years has been the localization of key equipment and increasing the share of domestically manufactured components in drilling projects. A notable example is the construction of the third domestically built drilling rig, which resulted in savings of $7 million.

OPEC+ reaffirms crude production adjustment, market stability

SHANA (Tehran) - The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 5 July 2025, to review global market conditions and outlook.

Effective Oil Ministry measures safeguard gasoline supply

SHANA (Tehran) - A member of the Iranian Parliament’s Energy Committee praised the timely and effective measures taken by the Oil Ministry and the National Iranian Oil Refining and Distribution Company (NIORDC) to meet the public’s gasoline needs.  

60th ASB of OPEC launched

SHANA (Tehran) - The Organization of the Petroleum Exporting Countries (OPEC) launched the 2025 edition of its Annual Statistical Bulletin (ASB) on Wednesday, July 2 2025, at the OPEC Secretariat in Vienna, Austria. 

Resilience during the 12-day war:

From daily distribution of 200m liters of gasoline to sustained production

SHANA (Tehran) – For 12 days, as Iran faced attacks from the Zionist regime and an imposed war, the oil industry operated seamlessly—unshaken and unwavering. It stood firm, ensuring no home was left without power and no fuel shortages disrupted the nation.