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.

Oil minister appoints head of audit and general assemblies

SHANA (Tehran) – Iran’s oil minister appointed Fa’ezeh Daneshvar as director general of audit and general assemblies at the Ministry of Petroleum, according to a decree issued by Minister Mohsen Paknejad.

Fuel card reforms cut daily gasoline consumption

SHANA (Tehran) — Iran’s oil minister said a government reform of fuel cards used at gas stations has reduced daily gasoline consumption by about 9 million liters.

In praise of a nation that makes every victory possible

SHANA (Tehran) – Today marks one week since the launch of the country’s new gasoline distribution structure—a plan implemented across the vast geography of a large nation with complete order and calm, without any tension, and after six years since the last price adjustment. While the tremendous and tireless efforts of my colleagues in the oil industry to organize the technical and operational aspects of this plan are admirable and deserving of appreciation, the blessed tree of this “tension-free transformation” was planted by the people, and God willing, it is the people of Iran who will reap its fruitful results.

Paknejad urges faster implementation of Article 15

Oil Ministry pledges commitment to Seventh Development Plan

SHANA (Tehran) – Iran’s oil minister said the Ministry of Petroleum will remain committed to meeting its targets through the end of the 14th administration and stressed the need to accelerate implementation of Clause (B) of Article 15 of the Seventh Five-Year Development Plan.

Iran, Belarus review cooperation opportunities

SHANA (Tehran) – Iran and Belarus reviewed opportunities and capacities for cooperation in the oil sector as part of efforts to implement a bilateral memorandum of understanding.

Oil Industry must shift from traditional approaches to research-led development

SHANA (Tehran) – Iran’s oil industry must move away from traditional approaches and toward targeted research and transformative technologies to maintain its position and ensure sustainable growth, Oil Minister Mohsen Paknejad said.

Oil Ministry expands gas transmission infrastructure nationwide

SHANA (Tehran) – The oil minister announced that the construction and commissioning of more than 1,000 kilometers of gas transmission pipelines have been targeted by the end of this year, saying that expanding the gas transmission network plays a vital role in strengthening the country’s energy security and reliability, particularly during peak demand periods.