Shana

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.

US net crude oil imports to fall by 20% in 2025 to lowest since 1971, EIA says

SHANA (Tehran) – US net crude oil imports are forecast to fall by 20% next year to 1.9 million barrels per day, their lowest since 1971, the Energy Information Administration said, pointing to higher US production and lower refinery demand.

Oil minister calls on citizens to join campaign to reduce heating temperatures by two degrees

SHANA (Tehran) – The oil minister underlined the importance of public participation in the "Reduce heating system temperatures by 2 degrees" campaign, saying he believes the current challenges can be overcome with public cooperation and without significant disruptions. 

Oil Ministry reports increased fuel deliveries to power stations

SHANA (Tehran) – Despite colder weather and increased residential gas consumption, the amount of equivalent fuel supplied to power stations has risen, statistics from the Ministry of Oil indicate.

NIOPDC:

Fuel delivery to power plants increases by 4b liters, up over 40%

SHANA (Tehran) – The CEO of Iran’s National Iranian Oil Products Distribution Company (NIOPDC) announced a 43% increase in the delivery of liquid fuel to power plants compared to last year.

IEA expects comfortably supplied oil market in 2025 despite demand hike

SHANA (Tehran) – The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on Thursday, even after producer group OPEC+ extended oil supply cuts and a slightly higher than expected demand forecast.

Iran’s oil output rises by 37,000 bpd in November, OPEC reports 

SHANA (Tehran) – Iran’s crude oil production increased by 37,000 barrels per day (bpd) in November compared to the previous month, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC). 

Over 95% of equipment indigenized for Shazand Oil Refinery

SHANA (Tehran) – The managing director of the Shazand Oil Refinery announced that over 95% of the parts and equipment required for the refinery have been localized, expressing hope that, with continued collaboration with domestic manufacturers and producers, this figure could reach 100% by the end of the year.

Speaking at 189th OPEC Meeting

Paknejad: OPEC continues cooperation with non-OPEC partners

SHANA (Tehran) – Iranian Oil Minister said OPEC continues cooperation with non-OPEC partners.

OPEC re-elects Secretary General al-Ghais for second term

SHANA (Tehran) – The Organization of the Petroleum Exporting Countries re-elected current secretary general Haitham al-Ghais for a second three-year term at a virtual meeting today.

NIDC reports over 980 specialized drilling operations in eight months

SHANA (Tehran) – The Director of Special Drilling Services at the National Iranian Drilling Company (NIDC) announced the completion of 981 specialized drilling operations during the first eight months of the current Iranian year (March 20-November 20).

Declaration of Cooperation between OPEC, non-OPEC hits eight years

SHANA (Tehran) – The Declaration of Cooperation between OPEC member countries and non-OPEC oil-producing countries has turned eight on Tuesday, according to a press release by OPEC.

Iran Invites Kuwait to Negotiations Table on Arash Gas Field

SHANA (Tehran) - Iranian Foreign Affairs Ministry spokesman, Naser Kanaani, recommended the neighboring country Kuwait to start expertise and technical talks with Tehran on the Arash gas field.

79 Oil Industry Projects Coming Online This Year, Owji

SHANA (Tehran) - Over the last Iranian calendar year of 1402, ended 19 March 2024, petrochemical production capacity surged by 5 million tons while oil and gas sectors grew by 20 percent, Iranian Minister of Petroleum, Javad Owji, said.

Petroleum Ministry at The Top of First-Time Production Activities

SHANA (Tehran) - Iran’s Vice-President for Scientific, Technology and Knowledge-Based Economy, Ruhollah Dehghani Firouzabadi, says that the Petroleum Ministry has won the first rank for the first-time production of strategic goods.

800 Million Euros Allocated To IOOC’s Installations Renovation, CEO

SHANA (Tehran) - With the assistance of NIOC’s board of directors and allocation of 800 million euros during the past 2.5 years of the 13th administration in office, the Iranian Offshore Oil Company (IOOC) has been able to take appropriate steps to renovate its installations.

Transit of Iranian Gas to Eastern Europe through Turkey Possible: Official

SHANA (Tehran) - Turkey is interested in buying more gas from Iran, said the director general of the Mediterranean and Eastern Europe department of the Foreign Ministry, adding that transit of Iranian gas to Eastern Europe through Turkey is possible.

We Look Neither Negotiations nor Foreign Companies to Develop Oil Industry

SHANA (Tehran) - Since the 13th administration took office 2.5 years ago, we have waited neither for foreign companies nor negotiations to provide our needs to goods but have been looking for meeting our needs at home, Iranian Minister of Petroleum, Javad Owji said.

Iran Offers Establishment of Energy Corridor From Russia to Persian Gulf

SHANA (Tehran) - Mojtaba Damirchilou, the secretary-general of the Eurasian Department at the Ministry of Foreign Affairs proposed the establishment of an energy corridor from Russia passing through Iran to the Persian Gulf on Saturday.

Contracts Worth Over $1.1b Signed on Oil Industry Development

SHANA (Tehran) - The Ministry of Petroleum, the National Iranian Oil Company (NIOC) and the Iran Vice-Presidency for Science, Technology and Knowledge Based Economy Affairs signed 15 pacts with a total value of over $1.1 billion with Iranian companies in Tehran on Saturday.

Iran, Turkmenistan Ready to Join Hands on Gas Industry

SHANA (Tehran) - Deputy Chairman of the Turkmengas State Concern Murad Archaev on Saturday highlighted the importance of bilateral cooperation with Iran in the gas industry, saying that the export of techno-engineering services as well as gas swap as two important topics in the field collaboration.

IGEDC Registers a New Record

SHANA (Tehran) - Iranian Gas Engineering and Development Company (IGEDC) has set a new record by launching 6 gas pressure boosting stations in just one year.

NTBFs Help Iranian Gas Industry to Become Self-Sufficient: NIGC

SHANA (Tehran) - With the efforts made by the new technology-based firms (NTBFs), the Iranian gas industry has gained self-sufficiency as all required products are now being produced at home, announced Managing Director of National Iranian Gas Company (NIGC) Majid Chegeni.

Number of Exploration Drilling Rigs to Increase Fivefold

SHANA (Tehran) - Nine oil and gas fields were discovered in the tenure of the 13th Administration, announced Mehdi Fakour, director of exploration at National Iranian Oil Company (NIOC) on Friday, adding that the number of exploration drilling rigs of his company will increase to 10 from two rigs in August 2021.

Investment Opportunities of $19b Up for Grabs in Iran’s Refining Industries

SHANA (Tehran) - The National Iranian Oil Refining and Distribution Company (NIORDC) managing director announced on Friday that investment opportunities valued at $19 billion are ready for investors in Iranian refining industries.

Yemen Keen on Expansion of Energy Ties with Iran

SHANA (Tehran) - Yemen’s Ambassador to Tehran Ibrahim Mohammed al-Dailami called for expansion of energy cooperation between his country and Iran along with the exchange of scientific and technical oil data.