Gas, diesel deliveries exceed targets this winter

SHANA (Tehran) – Gas and diesel deliveries during the winter of the current year surpassed the predetermined quotas, with average daily gas supply to the network exceeding 870 million cubic meters in the month of Bahman (Jan. 19-Feb. 18).

NPC:

Over $9b from petchem exports returned to national economy

SHANA (Tehran) – The CEO of the National Petrochemical Company (NPC) announced that the total exports of the petrochemical industry over the past 11 months amounted to approximately $12 billion, of which $9.14 billion reinjected into the country’s economic cycle.

Iranian crude oil OSP for March announced by NIOC

SHANA (Tehran) – The National Iranian Oil Company (NIOC) has set the official selling prices (OSP) for Iranian crude oil in March. According to the company, Iran’s light crude oil will be priced $4.35 above the benchmark price (Oman/Dubai crude) for Asian customers.

Development cannot be sustainable without environmental benefits: NIGC

SHANA (Tehran) – Saeid Tavakoli, CEO of the National Iranian Gas Company (NIGC), stated that achieving sustainable development and progress is impossible without considering environmental benefits.

President highlights efforts to address imbalances

SHANA (Tehran) – The president stated that upon taking office, the administration faced significant imbalances in various sectors, including water, electricity, and gas. He emphasized that blaming one another will not solve the problem.

Residential sector consumes 660 mcm of gas

SHANA (Tehran) – The spokesperson for the National Iranian Gas Company (NIGC) announced that 660 million cubic meters (mcm) of gas were consumed by the residential, commercial, and small-scale industrial sectors yesterday.

Bid Boland Gas Refinery takes steps to reduce gas flaring

SHANA (Tehran) – The Bid Boland Gas Refinery has implemented an acid gas collection project aimed at addressing energy imbalances, reducing greenhouse gas emissions, and preventing pollutants from entering the environment.

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.

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.

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. 

Iran’s petchem industry generates $16b despite sanctions: MP

SHANA (Tehran) – The head of the Parliamentary Oversight Board on the Oil, Gas, and Petrochemical Industries announced that this year marks the 60th anniversary of Iran’s petrochemical industry, which has achieved the remarkable milestone of generating approximately $16 billion in revenue for the country despite sanctions.

Iran to Launch 15 Petchem Projects by Yearend: NPC Chief

SHANA (Tehran) -- Iran is to launch 15 petrochemical projects by the end of the current Iranian calendar year (to end on March 20, 2025), said the managing director of National Petrochemical Company of Iran (NPC) here on Saturday.

Iran Invests $6.5b in Oil Industry Upstream Sector

SHANA (Tehran) -- Some 6.5 billion dollars were invested in oil industry’s upstream sector on average per year under the incumbent administration, managing Director of National Iranian Oil Company (NIOC) said here on Friday.

Petroleum Minister Meets with GECF Sec. Gen.

SHANA (Tehran) -- Iranian Minister of Petroleum Javad Owji held talks with the Secretary General of the Gas Exporting Countries Forum (GECF) Mohammed Hamel on Thursday and discussed latest development in global gas market.

African States Welcome Collaboration with Iran on Oil, Gas Projects

SHANA (Tehran) -- The ambassadors of Uganda, Kenya, Senegal and Burkina Faso in Tehran discussed the updates about their countries in the energy field, expressing their readiness to collaborate with Iran in the "Perspective of Oil and Gas Industry in Africa" meeting.