Iran
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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.
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NIOPDC ready to implement fuel quota transfer pending cabinet approval
SHANA (Tehran) —The National Iranian Oil Products Distribution Company (NIOPDC) is prepared to implement fuel quota transfers to bank cards once the executive bylaw is approved by the Cabinet, the company’s managing director said.
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1.5 bcm of gas storage capacity added at Sarajeh field
SHANA (Tehran) — The gas storage capacity at the Sarajeh field will increase to 1.5 billion cubic meters (bcm) per year, with daily extraction rising to 15 million cubic meters, upon completion of its second development phase. This expansion will strengthen Iran’s gas network resilience during peak winter demand.
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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.
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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.
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Oil and Gas Investment Fund to help rebuild infrastructure
SHANA (Tehran) — The head of the Iranian Parliament's Energy Committee overseeing the implementation of the Seventh Development Plan said the newly established Oil and Gas Investment Fund has played a critical role in rapidly restoring infrastructure damaged during the recent 12-day conflict.
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Nearly 20 new petchem facilities to boost Iran’s output
SHANA (Tehran) – The director of projects at Iran’s National Petrochemical Company outlined 19 petrochemical projects expected to become operational by the end of the current Iranian year (March 2026). These include 15 production projects and four feedstock supply projects.
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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.
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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.
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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.
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Third well ring of infill drilling project begins operation in SP
SHANA (Tehran) – The CEO of Pars Oil and Gas Company announced the commissioning of the third well ring in the infill drilling project at the South Pars gas field, stating that daily gas extraction capacity has increased by 1.6 million cubic meters.
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Overhaul of South Pars Refinery 10 completed
SHANA (Tehran) – The overhaul of Phase 10 of the South Pars Gas Refinery has been successfully completed, marking a major step toward improving operational efficiency and process stability, according to the plant’s director.
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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.
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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.
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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.
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Speaker:
Gov’t should address energy imbalance with a logical plan
SHANA (Tehran) – Parliament Speaker Mohammad-Baqer Qalibaf stressed that resolving the energy imbalance is an urgent and fundamental duty of the government, saying the public must be assured that the government has a logical plan for this issue and that the first economic benefits will go to the people.
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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.
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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.
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Over 600 CNG stations provided free gas during 12-day war
SHANA (Tehran) – The 12-day war and an unprecedented surge in fuel consumption tested the resilience of Iran’s energy infrastructure and industry cohesion.
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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.
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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.
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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.
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War on Iran Ignites Long-Term Global Oil Instability
SHANA (Tehran) – The recent air strikes by the Zionist regime on Iran’s industrial centers, oil and gas facilities, and civilians have sent shockwaves through the global oil markets. The attacks led to a significant but short-lived increase in prices.
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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.
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War of Aggression on Iran and Global Energy Security
SHANA (Tehran) – Ever since the Zionist regime launched its invasion of Iran, energy has become a pivotal issue in international fora. Two key issues, energy price and energy security, were focused upon by the media, political elite, and economists due to Iran’s prominent role in energy production and exports and its strategic position in the Strait of Hormuz.
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Analysis of the War on Iran
SHANA (Tehran) –The 12-day war imposed by the Tel Aviv regime against Iran on 13 June 2025, targeting mainly nuclear and military installations in addition to infrastructure, constitutes one of the most complicated geopolitical crises of recent decades. Iran responded forcefully to the strikes. Although the United States initially refused to engage in the war, there was no doubt from the very beginning that it was the main ally of the Zionist regime in this crisis. That is why, when it was convinced that Iran had the upper hand on the battlefield, the US intervened and bombed Iranian nuclear facilities. It is highly significant to review the Zionist regime and the US objectives and scenarios in the war on Iran.
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Attack on the Heart of Energy Security
SHANA (Tehran) – Energy security scholarship has long recognized the interconnected nature of global energy systems (Yergin, 2006; Winzer, 2012). The concept encompasses not merely the availability of energy resources but also the stability of supply chains, market predictability, and the resilience of energy infrastructure. Climate policy literature similarly emphasizes the need for coordinated international action and stable investment environments to achieve decarbonization goals (IPCC, 2022).
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Iran Oil Industry Unfazed by War
SHANA (Tehran) – Nearly four decades after the end of the imposed war on Iran, the Zionist regime, which has occupied Palestine, launched military strikes on Tehran and some other cities as well as Iran’s oil facilities in a flagrant violation of international law and national sovereignty of the Islamic Republic of Iran.
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Aborted Drone Attack on South Pars
SHANA (Tehran) – On 14 June 2025, a micro-drone flown by the Zionist regime struck the onshore refinery of Phase 14 of the massive South Pars gas field, causing big blasts at the facility and fire in one of the four units. The fire was followed by a temporary suspension of gas supply from SP14. However, within 10 days, gas production resumed.
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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.