Acceleration in gas flare recovery with 12 new contracts signed

SHANA (Tehran) – Oil Minister Mohsen Paknejad announced that gas flare recovery projects have accelerated following the president’s efforts, saying the signing of 12 new contracts will generate about $600 million in annual value for the country.

Iran to cut gas flaring by 295 mcf a day by March 2027

SHANA (Tehran) – Iran’s Oil Minister Mohsen Paknejad said the country will gradually reduce gas flaring by about 295 million cubic feet per day (mcf/d) by the end of the Iranian calendar year 1405 (March 2027), following the signing of 12 new contracts on Saturday.

Fourth infill well in South Pars comes on stream

SHANA (Tehran) – The fourth infill well in the South Pars gas field has come on stream, increasing daily gas production from the shared field by 1.8 million cubic meters, according to the project manager of the South Pars infill drilling plan.

Iran to capture 90% of gas flares by mid-March 2028

SHANA (Tehran) – The National Iranian Oil Company (NIOC) aims to collect more than 90% of the country’s gas flares by mid-March 2028 through major investment and private-sector participation, the company’s chief executive said Saturday.

President praises Oil Ministry for speeding up gas flare recovery

SHANA (Tehran) – President Masoud Pezeshkian praised the Oil Ministry on Saturday for accelerating the collection of flare gas and said the government is ready to remove any obstacles that may hinder the process.

Flare gas collection contracts signed under president’s order

SHANA (Tehran) – Contracts for collecting flare gas from 12 oil fields in southern Iran were signed Saturday via video conference under the directive of President Masoud Pezeshkian.

Minister Paknejad:

Human resolve, commitment are the strongest shields against threats

SHANA (Tehran) – Oil Minister Mohsen Paknejad emphasized the critical role of human resolve and commitment in safeguarding Iran’s oil, gas, and petrochemical industries, saying that hardware alone does not ensure resilience against threats.

Shazand Refinery undergoes unprecedented overhaul after 10 years, boosts output by 30%

SHANA (Tehran) – The Imam Khomeini Oil Refinery in Shazand has completed its most extensive overhaul in a decade, a $60 million project involving 5,000 specialized workers that increased production capacity by at least 30% and significantly improved operational reliability. The work ensures high-quality production for at least the next four years without interruption, refinery officials said.

Rise in household gas use narrows gap with power plants

SHANA (Tehran) – Average gas consumption in the household, commercial and small industrial sectors increased significantly in the week ending October 24 as temperatures dropped, bringing their total consumption nearly equal to that of power plants. In the final three days of the week, household consumption surpassed that of power plants.

Iran boosts gas supply by 6.7 mcm daily, diesel stocks up 130% for winter

SHANA (Tehran) — Oil Minister Mohsen Paknejad said gas delivery to the network has increased by about 6.7 million cubic meters per day and diesel reserves at power plants have risen 130%, putting Iran in a strong position heading into winter.

Oil industry lauded for resilience during 12-day war

Passive defense urged to be institutionalized

SHANA (Tehran) — The deputy oil minister for engineering, research and technology praised Iran’s oil industry for its flawless performance during the recent 12-day war, saying that unified command, proactive drills and production resilience were key to the sector’s success in passing what he called “a major national test.”

NIGC:

Gas network stability a top priority amid sensitive conditions

SHANA (Tehran) – The managing director of the National Iranian Gas Company emphasized the importance of protecting and maintaining the stability of the country’s gas network, saying that infrastructure resilience and social stability are two key elements of passive defense.

Gas deliveries to power plants up 3.1 bcm

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has supplied more than 3.1 billion cubic meters of additional gas to power plants since the beginning of the current Iranian year (March 21), compared with the same period last year, signaling stable production and effective use of existing capacity, the company’s managing director said.

Minister: Oil industry leads Iran’s economic resilience

SHANA (Tehran) – Oil Minister Mohsen Paknejad said the oil industry is the main pillar of Iran’s economic resilience and plays a leading role in overcoming the country’s challenges.

Monthly gasoline consumption up 8m liters

SHANA (Tehran) – Iran’s average daily gasoline consumption in the Iranian calendar month Mehr (September 23-October 22) rose by about 8 million liters compared with the same month last year, reaching nearly 134 million liters per day.

Power plant fuel tanks full; gasoline consumption up 6.5% in October

SHANA (Tehran) – The managing director of the National Iranian Oil Products Distribution Company said power plant fuel tanks across the country are full, leaving little capacity for additional storage.

Limited time to tap Iran’s oil resources

SHANA (Tehran) – The investment and business development director of the National Iranian Oil Company (NIOC) warned that without reforms in policymaking and financing, a significant portion of the country’s underground oil and gas resources may never be extracted.

MP: Mindset shift essential for sustainable oil financing

SHANA (Tehran) – The head of the Iranian Parliament’s Economic Committee stressed the need for institutional and economic reform, saying that without changing financial structures and mindsets, achieving sustainable financing in the oil and gas industry will not be possible.

Universities key to strengthening investment, innovation in Iran’s energy sector

SHANA (Tehran) – The president of Allameh Tabataba’i University said that investing in the oil, gas, and petrochemical sectors is not merely an economic act but a commitment to the nation’s long-term development.

Parliament endorses Oil Ministry's successful winter fuel supply performance

SHANA (Tehran) – A member of parliament's Energy Commission stated that power plant fuel reserves for winter are in a more favorable position compared to last year, emphasizing that the high level of these reserves indicates the Oil Ministry's successful performance.

Gas tariff reform focuses on fairness; about 90% of consumers unaffected

SHANA (Tehran) – The managing director of the National Iranian Gas Company said the gas tariff reform plan does not mean a price increase, noting that more than 88% to 90% of the country’s population will not be affected by the changes.

First well in Yadavaran Production Boost Plan comes online

SHANA (Tehran) – The director of the Yadavaran oil field development project announced that the first well under the 24-well Yadavaran Production Increase Plan has come on stream.

Power plant diesel reserves grow with 7-m-liter boost

SHANA (Tehran) – The head of the National Iranian Oil Products Refining and Distribution Company said simultaneous efforts to boost production and manage consumption have increased diesel output by 7 million liters, leading to higher fuel reserves for power plants.

NIGC prepares investment packages for private sector

SHANA (Tehran) – The National Iranian Gas Company (NIGC) has developed investment packages aimed at encouraging private-sector participation in the gas industry, the company’s managing director said, emphasizing that in the country’s current economic situation, investment is not optional but an unavoidable necessity.

Renewables development seen as solution to energy imbalance

SHANA (Tehran) – Renewable energy development is one of the most effective ways to address the country’s energy imbalance, a member of the Iranian Parliament’s Industries and Mines Committee said.

Iran upgrades fuel card database after 18 years

SHANA (Tehran) – The database of Iran’s national fuel smart card system has been updated for the first time in 18 years, a move officials say has helped detect hundreds of thousands of unauthorized cards and prevent large-scale fuel misuse.

Inside Iran’s record gas transmission push

SHANA (Tehran) – The record-breaking performance and resilience of Iran’s gas transmission network in harsh conditions demonstrate how its pipelines and compressor stations continue operating even amid freezing weather and security threats.

Iran controls 11 mcm of flare gas under 14th administration

SHANA (Tehran) – President Masoud Pezeshkian said Iran has managed to capture more than 11 million cubic meters of flare gas in recent months, calling it evidence that reforms in the country’s energy management are underway. He added that controlling flare gases could generate between $5 billion and $6 billion in annual revenue for the nation.

Iran elected to head GECF Executive Board, pushes for forum upgrade

SHANA (Doha) – Iran’s oil minister announced that the country has been elected chair of the Executive Board of the Gas Exporting Countries Forum (GECF) and that Tehran’s proposal to upgrade the forum into the “Organization of Gas Exporting Countries” was well received by member states.

Highlighting stronger GECF unity,

Paknejad calls for 'transformation into 'Organization of Gas Exporting Countries'

SHANA (Tehran) – Minister of Oil Mohsen Paknejad called on member states of the Gas Exporting Countries Forum (GECF) to stand united against aggression, resist sanctions, and strengthen cooperation to secure the global role of natural gas in the decades ahead.