Shana

Meeting held for development plan of three oilfields

SHANA (Tehran) – The 25th meeting of the Joint Management Committee (JMC) for the development plan of the Cheshmeh Khosh, Dalpari, and Paydar-e Sharq oilfields was held Monday in Tehran.

IOTC:

Iran’s crude exports unstoppable

SHANA (Tehran) – The CEO of Iranian Oil Terminals Company (IOTC) stated that oil exports, as the cornerstone of economic development, continue uninterrupted thanks to the dedicated efforts of employees across all operational regions.

Iran maintains position as OPEC’s third-largest producer

SHANA (Tehran) – According to the first 2025 report from the Secretariat of the Organization of the Petroleum Exporting Countries (OPEC), Iran maintained its position as the third-largest producer in the organization, with daily oil output reaching 3.314 million barrels in December, 2024. 

NISOC increases crude oil production

SHANA (Tehran) – The head of the Engineering and Development Department of the National Iranian South Oil Company (NISOC) announced the use of downhole pumps to boost and maintain production from low-pressure wells.

High-quality supplies essential for joint oilfield projects: PEDEC

SHANA (Tehran) – The procurement and logistics manager of the Petroleum Engineering and Development Company (PEDEC) emphasized the importance of securing high-quality supplies for strategic projects in shared oilfields as quickly as possible.

NIOC:

100 investment packages up for grab to boost oil, gas production

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) announced that five oil projects are ready for operation and 100 investment packages in the oil industry will be presented to domestic and foreign private sectors in the coming weeks, saying these initiatives aim to increase oil and gas production in the country.

NISOC:

Crude production of 5 mbd possible

SHANA (Tehran) – The CEO of the National Iranian South Oil Company (NISOC) said achieving a crude production capacity of 5 million barrels per day (mbd) is not out of reach, though it may be delayed due to global shifts away from fossil fuels.

AOGPC increases oil output by 40,000 bpd 

SHANA (Tehran) –The CEO of Aghajari Oil and Gas Production Company (AOGPC) announced that the company’s daily oil output has increased by 40,000 barrels over the past four months.

Overhaul completed at Shazand Oil Refinery 

SHANA (Tehran) – The head of Region 5 of the Imam Khomeini Oil Refinery of Shazand announced that an overhaul of the refinery has been completed using domestic capacities, local equipment, and Iranian experts. 

15th Khuzestan oil exhibition kicks off in Ahvaz

SHANA (Tehran) – The 15th Khuzestan Specialized Exhibition of Petroleum Industry, Equipment, Manufacturing opened in Ahvaz on Saturday.

Iran's oil exports continue despite sanctions

SHANA (Tehran) – Iran's oil exports keep on despite the ongoing and intensifying US sanctions targeting the country's oil industry and speculation about a decline in Iran's oil exports is entirely unfounded.

Gov’t Spokesperson:

Iran’s crude production has not decreased

SHANA (Tehran) – The government spokesperson stated that oil production has not declined and emphasized that currency price management is underway, noting that the drop in oil prices and the rise in exchange rates is unrelated to oil production.

Oil production increase in South Azadegan joint field

SHANA (Tehran) – The CEO of Arvandan Oil and Gas Company announced a 2,000-barrel increase in oil production from the South Azadegan joint field.

Iran’s official oil prices for January announced

SHANA (Tehran) – The National Iranian Oil Company (NIOC) released the official selling prices for Iranian crude oil in January 2025.

SP first private sector oil dock begins operations

SHANA (Tehran) – The first private sector oil dock in the South Pars region has successfully entered operational service after completing its first fueling operation.

Development of phase 2 of Azar Oilfield to begin soon

SHANA (Tehran) – The project manager for the Azar Oilfield development said the Economic Council's approval for the second phase of the field’s development, under new oil contracts with an investment forecast exceeding $1 billion, has been granted.

NDF to play greater role in boosting oil production

SHANA (Tehran) – The head of the National Development Fund’s executive board said that the Economic Council of Iran has approved a plan to increase daily oil production by 250,000 barrels, as the fund is participating in its financing.

Paknejad:

Oil Ministry prioritizes safe, transparent environment for investors

SHANA (Tehran) –Minister of Oil Mohsen Paknejad announced his ministry’s readiness to collaborate with the private sector and chambers of commerce to achieve the nation’s overarching economic goals.

MoU signed for boosting low-yielding oil wells

SHANA (Tehran) – A tripartite agreement was signed to implement the executive guidelines for Article 13 of the Economic Council’s resolution regarding the boosting production of low-yielding oil wells.

Major advancement for Bandar Abbas refinery in securing stable feedstock supply

SHANA (Tehran) – The CEO of Bandar Abbas Oil Refining Company announced the launch of a new pipeline supplying the refinery with a daily capacity of 300,000 barrels, eliminating the need for maritime transportation of feedstock. 

Deputy oil minister visits key gas projects in eastern Iran

SHANA (Tehran) – Hamid Bovard, CEO of the National Iranian Oil Company, conducted a comprehensive visit to major gas projects in eastern Iran.

Oil minister:

Iran’s oil production capacity to increase by 250,000 bpd

SHANA (Tehran) – The oil minister announced plans to increase oil production capacity by approximately 250,000 barrels per day.

Crude production hike of 30,000 bpd targeted for Sepehr, Jofeir fields

SHANA (Tehran) – The CEO of Pasargad Exploration and Production Company announced that oil production from the Sepehr and Jofeir fields has surpassed 50,000 barrels per day, with hopes to achieve a further increase of 30,000 barrels daily next year. 

Deputy minister:

Iranian E&P companies fully developed in oil projects implementation

SHANA (Tehran) – The deputy minister of oil for research and technology stated that the efforts launched eight years ago to develop Iranian exploration and production (E&P) companies have now come to fruition, as he expressed hope for the active participation of capable Iranian companies in oil projects.

NIOPDC announces 36% rise in power plant fuel delivery in Tehran

SHANA (Tehran) – The director of the Tehran branch of the National Iranian Oil Products Distribution Company (NIOPDC) announced a 36% hike in liquid fuel deliveries to the province's power plants over the past two months saying, “The average daily gasoline consumption in Tehran is now 22 million liters, reflecting a 5% increase compared to the same period last year.”

Oil minister: No challenges in Iran’s oil sales

SHANA (Tehran) – The oil minister addressed rumors about problems with oil sales, dismissing them as baseless and part of psychological operations by adversaries. "We currently have no issues with selling oil," he said, adding "Measures have been taken to ensure we face minimal challenges in the future."

CBI governor:

Iran’s crude sales have not decreased

SHANA (Tehran) – The governor of the Central Bank of Iran (CBI) stated that rumors suggesting China will reduce its purchase of Iranian oil in the future are completely false, noting that both oil production and investments are on the rise.

Development of joint oilfields, key strategy for gov't: VP

SHANA (Tehran) - The first vice president announced  that developing shared oilfields is a key strategy of the 14th administration. 

NIOPDC: Fuel delivery to power plants increases by 41%

SHANA (Tehran) – The CEO of the National Iranian Oil Products Distribution Company announced a 41% increase in liquid fuel delivery to power plants compared to the same period last year, saying that this amounts to an additional 4 billion liters of fuel delivered since the beginning of the current Iranian year (March 20).

China’s oil consumption peaked in 2023, CNPC says

SHANA (Tehran) – China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday.