Shana

Development of Arvand Field a step toward boosting production

SHANA (Tehran) – The CEO of Arvand Oil and Gas Company announced the signing of a $50 million contract with the Vice Presidency for Science and Technology to address extraction challenges and indigenize hydraulic fracturing technologies, marking the beginning of operational efforts to extract oil from the Arvand field.

NPC: 14 flares in East Karoun will be extinguished by late-March

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC), referring to the plan by Persian Gulf Bidboland Gas Refining Company to collect flare gases in East Karoun, stated that 14 flares will be extinguished under this plan by the end of the current Iranian year (March 20).

NIORDC announces five mega technology projects in refining industry

SHANA (Tehran) – The research and technology director of the National Iranian Oil Refining and Distribution Company (NIORDC) announced the launch of five mega technology projects in the refining industry.

First National Digital Oil Refinery Conference held

SHANA (Tehran) – The first National Digital Oil Refinery Conference and the second National Idea Show event were organized by the Innovation and Entrepreneurship Center of Abadan Petroleum University in collaboration with Abadan Oil Refining Company.

Mohajerani:

Updating power plants, promoting energy efficiency are among gov’t priorities

SHANA (Tehran) – The government spokesperson stated that updating power plants and promoting optimal energy consumption are part of the government’s plans.

NISOC, TCI to cooperate on digital oil industry

SHANA (Tehran) – The National Iranian South Oil Company (NISOC) and Telecommunication Company of Iran (TCI) signed a cooperation agreement to collaborate on achieving a digital oil industry.

Iran, Russia emphasize expanding oil collaboration through joint projects

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) and the deputy energy minister of Russia stressed the importance of expanding bilateral cooperation through joint oil projects.

Key role of oil terminals in oil exports

SHANA (Tehran) – The CEO of Iran Oil Terminals Company emphasized the crucial role of the company in receiving, storing, and exporting oil and gas condensates.

Iran’s heavy crude oil prices surge in January, OPEC reports

SHANA (Tehran) – According to the latest monthly report from OPEC, Iran’s heavy crude oil prices rose significantly in January, increasing by $6.65, or 9.1%, compared to December, 2024.

Tehran, Ashgabat to expand oil cooperation

SHANA (Tehran) – Iran’s oil minister and Turkmenistan’s foreign minister emphasized deepening cooperation between the two countries in the fields of oil and gas, exploring avenues to expand collaboration.

Iranian oil minister's remarks coverage by int’l media:

Trump's wish will not come true

SHANA (Tehran) – Recent remarks by Iran's oil minister have garnered widespread attention in global media.

Strategic oil projects set to launch in the near future: NIOC

SHANA (Tehran) – The National Iranian Oil Company (NIOC) is implementing significant plans for the development of oil and gas fields, prioritizing these projects as key components of its developmental strategy.

Oil minister: It's impossible to stop Iran’s crude exports

SHANA (Tehran) – Iran's Oil Minister Mohsen Paknejad dismissed the US policy of exerting maximum pressure to curb Iran's oil exports as a failed strategy, emphasizing that reducing the Islamic Republic's oil exports to zero is an unattainable goal.

RIPI unveils innovative virtual sensor technology

SHANA (Tehran) – A cutting-edge virtual sensor developed by the Research Institute of Petroleum Industry (RIPI) was unveiled at the Nouri Petrochemical Complex.

From the perspective of managers:

Opportunities and challenges during 46 years of Iranian oil industry (Part Five)

SHANA (Tehran) – The development of South Pars and the oilfields of West Karoun, the capabilities of Iranian exploration and production companies, the factual nationalization of the oil industry, the fostering of self-reliance and independence, and more are among the most significant achievements of this industry over the 46 years since the Islamic Revolution in Iran.

Minister:

Oil industry managed without foreign dependence

SHANA (Tehran) – The minister of oil stated that when foreign entities left the oil industry, it might have been difficult for them to believe that local colleagues and workers could manage this complex industry without their presence as today, we witness self-sufficiency in various sectors of the oil industry.

OPEC: 58th Meeting of Joint Ministerial Monitoring Committee concluded

SHANA (Tehran) – The 58th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Monday, February 3, 2025.

Long strides in oil industry: from exploration to production

SHANA (Tehran) – Following the Islamic Revolution, Iran's vast oil industry has achieved remarkable milestones by relying on domestic capabilities and indigenous expertise. Today, Iran's oil and gas sector stands as a symbol of self-sufficiency, independence, and national progress, with Iranian specialists and engineers making significant strides across various stages of the industry, from exploration to production.

Hemmati highlights economic significance of lifting Iran's oil sanctions

SHANA (Tehran) – The minister of economic affairs and finance posted on social media platform X that lifting Iran's oil sanctions now holds greater economic importance than ever before.

NIOC boosts gas, oil production capacity

SHANA (Tehran) – Following the inauguration of the 14th administration in Iran, the National Iranian Oil Company (NIOC) has taken significant steps to address gas shortages, increase oil production, and develop infrastructure in the oil industry.

NIOC head:

Oil industry drives Iran’s economy amid turbulence, sanctions

SHANA (Tehran) – The CEO of the National Iranian Oil Company (NIOC) highlighted the role of the oil industry in the country’s economy over recent decades, stating that for the past 46 years, the oil sector has been the driving force behind Iran’s economy and a lifeline for the Islamic Revolution during times of turmoil and sanctions.

Iran's oil industry: A story of resilience and progress

SHANA (Tehran) – The story of Iran's oil industry on the eve of the 46th anniversary of the Islamic Revolution must be told differently—not through official reports, but through the real, hard-fought efforts of men and women who, at the cost of their lives during years of war and sanctions, ensured that not a single day of Iran's oil production and exports was halted, even without the presence of foreign companies.

Oil pipeline monitoring with fiber optics, motion sensors to begin soon

SHANA (Tehran) – The CEO of Iran Oil Pipelines and Telecommunications Company announced that a physical monitoring project for oil pipeline corridors using fiber optics and motion sensors will soon be implemented. He emphasized that any encroachment on the pipelines will be detected as quickly as possible.

IOTC announces simultaneous overhaul of six Iranian oil terminal vessels

SHANA (Tehran) – For the first time, the Iranian Oil Terminals Company (IOTC) is conducting the simultaneous overhaul of six vessels at the Sadra Yard in Bushehr, with the project set to be completed within 45 days. 

NIOC announces Iranian crude oil OSP for February

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in February. According to the company, Iran’s light crude oil will be priced approximately $2 above the benchmark price (Oman/Dubai crude) for Asian customers, reflecting a nearly 1% increase compared to the previous month.

Oil production to increase by 10,000 bpd with development of three oilfields

SHANA (Tehran) – The development plan for three oilfields namely Soumar, Saman, and Delavaran in western Iran officially began on Saturday in the attendance of the CEO of the National Iranian Oil Company (NIOC).

Oil minister:

Crude production projected to reach 4.6 mbd by 2028

SHANA (Tehran) – The oil minister stated that, according to the Seventh Development Plan (2024-28), Iran’s crude oil production is expected to reach approximately 4.6 million barrels per day (mbd) by 2028, with the southern oil-rich regions bearing the primary responsibility for this increase.

Deputy oil minister praises Kharg Oil Terminal staff as guardians of oil exports

SHANA (Tehran) – The deputy oil minister for international affairs and commerce praised the efforts of Kharg Oil Terminal employees, stating, “You are the guardians of the country’s oil exports in the heart of the Persian Gulf, playing a vital role in achieving national and economic goals.”

Phase 2 of Ahvaz crude desalination plant inaugurated

SHANA (Tehran) – Phase 2 of the Ahvaz Central Desalination Unit was officially inaugurated on Wednesday under the directive of President Masoud Pezeshkian and in the presence of Oil Minister Mohsen Paknejad during the president’s visit to Khuzestan Province.

CEO announces prevention of 150,000 barrel oil production loss in Maroun

SHANA (Tehran) – The CEO of Maroun Oil and Gas Production Company (MOGPC) announced that a successful fishing operation in one of the company’s Bangestan wells prevented the well from being shut down for two months, averting a daily production loss of 2,500 barrels of crude oil.