Shana

Tehran Oil Refinery projects accelerate under 14th administration

SHANA (Tehran) – The engineering manager of Tehran Oil Refining Company’s projects announced that the implementation of the refinery’s initiatives has been expedited under the 14th administration. Several projects, including urban wastewater treatment, industrial hexane production and connection to the national power grid, are set to launch in the coming months.

Oil Ministry appreciates media support during critical times

SHANA (Tehran) – The head of public relations at Iran’s Oil Ministry emphasized the need to strengthen specialized oil media outlets, acknowledging their effective role during sensitive periods, including the recent 12-day imposed war and other exceptional circumstances in recent years.

Oil Ministry enters path to decarbonize maritime fleet

SHANA (Tehran) – The secretary of the Iranian Maritime Engineering Society announced the first joint meeting between the Oil Ministry, the Petroleum University of Technology, and the Chemical Engineering Society to examine the requirements and opportunities for decarbonizing maritime transport. He stated that this meeting marks the beginning of defining national technological and research projects to reduce carbon emissions in the sector.

OPEC+ crude oil production rises by 335,000 barrels

SHANA (Tehran) – The combined crude oil production of OPEC and OPEC+ member countries reached 41.94 million barrels per day (bpd) last month, up 335,000 bpd from June’s output of 41.605 million bpd.

NISOC undertakes overhaul on more than 100 process units

SHANA (Tehran) – The National Iranian South Oilfields Co. (NISOC) has begun major overhauls on more than 100 processing units since early April, with 27 of them prioritized for their direct impact on oil production, the company’s head of industrial equipment and process machinery maintenance said.

Tehran Refinery moves toward sustainable water supply through wastewater treatment

SHANA (Tehran) – The operations manager of Tehran Oil Refining Company announced the launch of the first phase of the refinery’s wastewater treatment project, stating that approximately 15,000 to 20,000 cubic meters of municipal water have been replaced with treated water. Once fully operational, the project will not only meet the refinery’s entire water demand but also provide a sustainable water supply for ancillary industries.

ICJ emphasizes climate commitments, opens door to legal action against major polluters

SHANA (Tehran) – The International Court of Justice (ICJ) has issued a landmark advisory opinion affirming that countries are legally obligated to reduce greenhouse gas emissions—a ruling that may pave the way for compensation claims against major historical polluters.

OPEC+ nations reaffirm commitment to market stability

SHANA (Tehran) – The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on August 3, 2025, to review global market conditions and outlook.

KOGPC stabilizes daily output at 55,000 barrels

SHANA (Tehran) – Karoon Oil & Gas Production Co. (KOGPC) has stabilized daily crude oil production at 55,000 barrels through technical and operational upgrades at its upstream and downstream facilities, marking a significant step toward boosting production capacity.

Development of joint oil fields hinges on modern technology, official says

SHANA (Tehran) – The CEO of Arvandan Oil and Gas Company emphasized the need to prioritize the development of joint oil fields, calling it a key strategy for advancing Iran’s oil industry and strengthening the national economy.

NIDC completes 48 oil, gas wells drillings in four months

SHANA (Tehran) — The National Iranian Drilling Company (NIDC) has drilled and completed 48 oil and gas wells onshore and offshore across Iran during the first four months of the current Iranian calendar year, a company official said.

Oil minister denies report of 40m barrels of Iranian oil stranded at sea

SHANA (Tehran) — Iran’s oil minister has rejected claims by foreign media that more than 40 million barrels of Iranian oil are stranded at sea, calling the reports baseless.

Iran vows to maintain oil exports, plans for sanctions snapback

SHANA (Tehran) – Iran’s oil minister emphasized the continuation of the country’s oil exports, stating that the Ministry of Petroleum has necessary plans in place to address sanctions and the potential activation of the "snapback" mechanism.

Sanctions fail to stop Iran’s oil exports from setting new records

SHANA (Tehran) – Iran’s crude oil exports have set new records, a fact now undeniable even to foreign media outlets competing to cover the story. This achievement comes amid challenging times, made possible by the smart strategies and dedication of Iran’s oil industry workers.

OPEC’s oil earnings dip—but not for four members

SHANA (Tehran) – OPEC data shows Iran’s oil export revenue increased by 14% in 2024.

Iranian experts produce safety valve parts for Salman platform

SHANA (Tehran) – Specialists at Iranian Offshore Oil Company (IOOC) designed and manufactured spare parts for safety valves at the Salman oil and gas platform using domestic expertise and reverse engineering, overcoming challenges posed by international sanctions.

Iran Heavy crude prices rise 9.2%

SHANA (Tehran) – The price of Iran Heavy crude oil increased by $5.88, or 9.2%, in June compared to May, according to the latest monthly OPEC report.

Iran leads global oil production growth with 13% increase

SHANA (Tehran) – OPEC data shows Iran ranked first in global oil production growth in 2024, increasing crude output by 374,000 barrels per day (bpd), while Saudi Arabia saw a significant decline for the second consecutive year.

Paknejad calls for peaceful pathways in global energy

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized that aggression against energy-producing countries violates international law and threatens global stability, stating that the energy industry—particularly oil—requires peace and stability to fulfill its role in enhancing prosperity at national, regional, and global levels.

Cease-fire brings calm to oil market amid complex outlook  

SHANA (Tehran) - A spokesperson for Iran’s Union of Exporters of Oil, Gas, and Petrochemical Products stated that the oil market is simultaneously influenced by fundamental factors, countries’ economic conditions, and political developments. 

No disruptions to Iran’s oil exports, Paknejad says

SHANA (Tehran) – Oil Minister Mohsen Paknejad said Wednesday that Iran’s oil exports are continuing unchanged in volume and terms, adding, “At present, we have no concerns in this regard.”

Oil prices drop 10% last week

SHANA (Tehran) – Oil prices, which had recently surged to a five-month high amid escalating tensions between the Israeli regime and Iran, fell by about 10% last week as hostilities subsided.

Easing tensions calm oil prices

SHANA (Tehran) – The decline in oil prices following the announcement of a ceasefire reflects the global market's realism, according to an energy expert.

Trump tells everyone to keep oil prices down after Iran attacks

SHANA (Tehran) – US President Donald Trump expressed a desire on Monday to see oil prices kept down amid fears that the aftermath of the attacks on Iran's nuclear facilities could cause them to spike.

Oil prices ease as Iran-Zionists conflict enters sixth day

SHANA (Tehran) – Oil prices eased in Asian trade on Wednesday, after a gain of 4% in the previous session, as markets weighed the chance of supply disruptions from the Iran-Israel conflict against a U.S. Federal Reserve rates decision that could impact oil demand.

OPEC crude oil production tops 27 mbd in May

SHANA (Tehran) - Members of the Organization of the Petroleum Exporting Countries (OPEC) produced a combined 27.022 million barrels per day (bpd) of oil in May, according to the group’s latest report.

NIORDC:

Iran’s refinery facilities unharmed in Zionist regime’s attacks

SHANA (Tehran) – The National Iranian Oil Refining and Distribution Company (NIORDC), in a statement mourning the martyrdom of several commanders, scientists and innocent civilians in attacks by the Zionist regime, announced that the regime’s recent assaults caused no damage to the country’s refinery facilities or oil storage sites.

Oil soars more than 6% after Israel's strike on Iran alarms market

SHANA (Tehran) – Oil prices jumped more than $4 a barrel on Friday, hitting their highest price in almost five months after Israel struck Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies.

Expert warns of market instability following OPEC+ production move

SHANA (Tehran) - The former director of international affairs at the National Iranian Oil Company warned of the consequences of a recent decision by eight OPEC+ member countries, cautioning that instability could return to the oil market. 

‘Increased oil supply alone won’t lower prices’

SHANA (Tehran) – Morteza Behrouzifar, a faculty member at the Institute for International Energy Studies, said the recent decision by eight OPEC+ member countries to increase oil supply will not significantly reduce prices in the short term—barring a widespread global economic recession—unless geopolitical and economic stability persists.