19th Iran-Russia Joint Commission a milestone for expanding cooperation

SHANA (Tehran) – Oil Minister Mohsen Paknejad described the upcoming 19th meeting of the Iran-Russia Joint Economic Cooperation Commission as a key opportunity to deepen strategic ties between Tehran and Moscow.

Public turnout at Islamic Revolution anniv. rally sends clear message to adversaries

SHANA (Tehran) – Oil Minister Mohsen Paknejad, marking the 47th anniversary of the Islamic Revolution, said public participation in the 22nd of Bahman (February 11) rally sends a clear message to Iran’s adversaries and stressed that the government is working to improve people’s livelihoods and economic conditions.

Oil industry plays key role in countering external pressure

SHANA (Tehran) – Iran’s oil minister marked the 47th anniversary of the Islamic Revolution by stressing the need to preserve unity within the oil industry, strengthen domestic capabilities and make full use of human capital, saying the sector plays a central role in countering external pressure and boosting the country’s economic resilience.

Oil experts’ efforts under difficult conditions praised

SHANA (Tehran) – President Masoud Pezeshkian said revenues generated from collecting associated gas and reducing flaring should be spent on the development and prosperity of host regions, praising oil industry specialists for their efforts under difficult conditions.

Iran collects 9 mcm of APG, flared gas under 14th Administration

SHANA (Tehran) – Iran has collected about 9 million cubic meters per day of associated and flared gas since the start of the country’s 14th administration, out of a total of roughly 16 million cubic meters now being recovered daily, the oil minister said.

Petrochemical production capacity hits 100m tons per year

SHANA (Tehran) – Iran's annual petrochemical production capacity has increased by about 3.7 million tons to 100 million tons under the 14th administration, Oil Minister Mohsen Paknejad said Tuesday.

Oil minister dismisses concerns over possible US deals with Tehran’s customers

SHANA (Tehran) – Oil minister said there is no need for concern that the United States, after gaining control of Venezuelan oil, could strike deals with Iran’s long-standing oil customers such as China.

Inking contract worth $1b on guaranteed purchase of drilling services

SHANA (Tehran) – Oil minister put the total value of a contract signed by the National Iranian Oil Company on guaranteed purchase of drilling services at about $1 billion, explaining that 20 drilling rigs of 2,000 horse power will be added to Iran’s drilling fleet in five years.

In a ceremony attended by President Pezeshkian

NIOC signs $2.7b-worth investment contracts

SHANA (Tehran) – The National Iranian Oil Company (NIOC) signed contracts on guaranteed purchase of drilling services and processing crude in oilfields with a total value of $2.7 billion in on Thursday.

Minister says Iran’s crude export process continues

SHANA (Tehran) – Oil minister announced that the oil industry staffs of various sectors support the Iranian establishment, adding that the country’s crude export process continues as in the past.

Oil minister attends massive march in Tehran to denounce recent riots

SHANA (Tehran) – Oil Minister Mohsen Paknejad attended a gathering along with tens of thousands of people in the Iranian capital of Tehran on Monday to denounce the recent riots orchestrated by the enemies.

Iran increases gas production, processing capacity

SHANA (Tehran) – Iran’s oil minister said the country’s gas production and processing capacity is rising as damaged facilities gradually return to operation.

Oil minister visits Kangan petro-refinery facilities

SHANA (Tehran) – During a one-day trip to Asaluyeh, Oil Minister Mohsen Paknejad visited the Kangan Petro-Refinery following stops at South Pars Phase 13 platform, Fajr Jam refinery, and South Pars Phase 14 refinery.

Adequate, stable liquid fuel supplied to power plants

SHANA (Tehran) – Oil Minister Mohsen Paknejad said adequate and stable volumes of liquid fuel have been supplied to power plants to ensure uninterrupted electricity for consumers, while gas deliveries to the plants have also increased.

Fajr Jam damaged unit returns to service during peak gas demand

SHANA (Tehran) –Oil Minister called the rapid restoration of a damaged unit at Fajr Jam Gas Refinery a key example of reliance on domestic expertise.

Fuel supply for power plants in good condition

SHANA (Tehran) – The head of Iran’s parliamentary Energy Committee said the country’s liquid fuel reserves for power plants are in good shape this year, following challenges in November and December last year.

South Pars gas output reaches 725 mcm per day

SHANA (Tehran) – Iran’s oil minister said natural gas production at the South Pars field has hit a new record of about 725 million cubic meters per day, praising the efforts of operational staff working in difficult conditions.

Damaged Fajr Jam unit returns to production

SHANA (Tehran) – The second train of the sweetening unit at the Fajr Jam Gas Refining Company, which was damaged during the 12-day war, has returned to production in the presence of Oil Minister Mohsen Paknejad.

Iran oil minister visits Assaluyeh

SHANA (Tehran) – Iran’s oil minister traveled to Assaluyeh on Monday, accompanied by senior oil industry officials, to inspect projects in the Pars Special Energy Economic Zone.

National grid receives 877 mcm of gas on Tuesday

SHANA (Tehran) – Iran’s oil minister said 877 million cubic meters of light (sweet) gas were injected into the national grid on Tuesday, adding that despite colder weather and rising household and commercial demand, the country’s gas network has remained stable through professional management and round-the-clock efforts by employees of the National Iranian Gas Company.

Petrochemical industry plays key role in national economy, oil minister says

SHANA (Tehran) – Oil minister underscored the petrochemical industry’s pivotal role in the national economy, saying the sector is vital to foreign currency earnings, job creation and completing the value chain and that its issues should be pursued through a joint task force.

Paknejad: Petrochemical investment in gas fields key to securing feedstock

SHANA (Tehran) – Oil minister emphasized the petrochemical industry’s role as a key economic driver, saying one way to ensure a stable supply of feedstock is for petrochemical companies themselves to invest in developing gas fields—an approach that has been welcomed and is supported by appropriate legal frameworks.

Law on removing production barriers seen as key tool for infrastructure development

SHANA (Tehran) – Oil Minister Mohsen Paknejad said Article 12 of the Law on Removing Barriers to Competitive Production is one of the most effective legal tools for boosting output, reducing energy waste and financing the country’s infrastructure and development projects.

Paknejad answers lawmakers’ questions of Oil Ministry

SHANA (Tehran) – The spokesman for Iran’s parliamentary Energy Committee said the oil minister appeared before the commission to respond to questions from several lawmakers.

Oil sale proceeds deposits overseen by CBI, minister says

SHANA (Tehran) – Oil minister said the mechanism for depositing proceeds from oil sales is overseen, monitored and controlled by the Central Bank of Iran, stressing that the Oil Ministry has no role in banking operations related to those funds.

Oil sales volume remains strong, minister says

SHANA (Tehran) – Iran’s oil sales volume remains strong and continues at previous levels, Oil Minister Mohsen Paknejad said on Thursday.

President praises Oil Ministry’s efforts

SHANA (Tehran) – President Masoud Pezeshkian on Thursday praised the Oil Ministry and its engineers and specialists for bringing the second train of the Central Processing and Export Terminal (CTEP) at the South Azadegan joint oil field online in record time.

Second Azadegan processing train boosts output, stabilizes production in West Karoun

SHANA (Tehran) — Iran’s oil minister said the launch of the second processing train at the South Azadegan central processing facility will play a key role in increasing output, capturing associated gas and stabilizing sustainable production in the West Karoun region.

Paknejad says oil sale discounts have declined

SHANA (Tehran) – Iran’s oil minister said discounts offered on Iranian crude sales have steadily declined over the past year, while early data from a new gasoline policy show lower fuel consumption, though he cautioned against drawing short-term conclusions.

PDA rolled out for oil industry

SHANA (Tehran) – Iran’s oil minister issued a standardized Innovative Product Development Agreement, known as the PDA, to support the use of advanced products and expand domestic manufacturing by new technology-based firms (NTBFs) across the oil industry.