Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

  • Goldman Sees Oil Price Hike 
    Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors including...
  • Cogeneration Plants Expanding in Iranian Industrial Towns
    Combined heat and power plants with a capacity of generating 1,145 megawatts are operational in industrial towns across Iran, the head of Iran Small Industries and Industrial Parks Organization...
  • Iraq in Talks to Raise Gas Imports From Iran
    The Iraqi Ministry of Electricity says it is in talks with Iran to increase natural gas imports from its eastern neighbor. According to Ahmed al-Ebadi, a ministry spokesman, the volume of gas...
  • Arvand PVC Output to Double
    The construction of a polyvinyl chloride (PVC) unit, with a production capacity of 300,000 tons a year, at the Arvand Petrochemical Company in Mahshahr, Khuzestan Province, is making headway,...
  • Oil Bounces as China, US Data Ease Recession Fears
    Oil prices bounced higher from multi-month lows on Monday, as investors' appetite improved following data on US jobs and Chinese exports that eased recession concerns.  
  • Oil, Gas Startups Capable of Competing With Foreign Rivals
    More than 500 knowledge-based firms are active in oil, gas and petrochemical sectors, of which 50 are capable of competing with foreign brands and their goods and technical services are sold in...
  • 1st Power Plant Financed by Industries Comes on Stream
    The first power plant constructed with the investment of industries has been connected to the national power grid, a deputy managing director of Iran Power Generation, Distribution and Transmission...
  • Gachsaran Petrochem Plant in Last Lap
    Gachsaran Petrochemical Plant in Kohgilouyeh-Boyerahmad Province is in its final stages of construction by Iranian experts and engineers, with help from knowledge-based companies, managing director...
  • NIOC’s Gasoline Revenues on Downward Slope
    The National Iranian Oil Company’s gasoline export revenues reached $32 million between March 21 and April 20. According to the Islamic Republic of Iran Customs Administration's Statistics Office...
  • Bidbland Gas Processing Increases by 67% in Q1
    Bidbland Gas Refining Company increased its gas processing during the first quarter of the current Iranian year (March 21-June 21) by 67% compared with the same period of last year, managing...
  • Brent, WTI Prices Ease Over Demand Worries
    Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting of OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar...
  • Karkheh River Dredging Serves Multiple Purposes
    Over 911,000 cubic meters of Karkheh River in the southern Khuzestan Province have been dredged since the beginning of the current fiscal year (March 21) not only to help prevent potential flooding...
  • 20 Projects Underway to Boost Water Desalination Capacity
    A total of 95 water desalination plants with an aggregate capacity of 634,000 cubic meters per day are either operational or being built across the country, the head of the Department of Financial...
  • Isfahan Refinery’s Spring Profit Rises Fivefold YOY
    Isfahan Refinery’s net profit surpassed $433 million in the first quarter of the current Iranian year (March 21-June 21) compared with the same period of last year, the financial manager of Isfahan...
  • Transfer of Reclaimed Wastewater From Tabriz to Urmia Lake Starts
    The first phase of a plan to transfer reclaimed sewage from Tabriz wastewater treatment plant to Urmia Lake has become operational, the governor general of East Azarbaijan Province said. “The...
  • Deals Worth $17.8b to Increase Heavy Crude Processing Capacity 
    To increase heavy crude processing capacity, the Oil Ministry and a group of banks and private sector firms have signed memoranda of understanding worth $17.8 billion to build two refining...
  • PDC Drill Bits of Oil Industry Indigenized
    Iranian experts and engineers have gained the knowhow of producing a special kind of drill bits used in the oil industry, said the director of Mechanical Engineering Research Group at the...
  • WTI, Brent Prices Fall
    Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on demand outlook, while investors braced for this week's meeting of officials from OPEC and other top...
  • Kurdestan Rural Water Supply Project Underway 
    The project to supply piped water to 67,000 people in 169 villages of Kurdestan Province is expected to be completed in 30 months, managing director of Kurdestan Water and Wastewater Company said...
  • Gas Supply to Ilam Industries Continues
    More than 28 industrial and production units in urban and rural areas of Ilam Province were supplied with natural gas during spring, the head of Ilam Gas Company said. “About 1,600 meters of gas...
  • Siraf Port Expansion on Track
    Operations to complete two storage tanks and a jetty for loading and exporting sulfur from Siraf Pars Port on the Persian Gulf coast are underway, the National Iranian Oil Company’s director for...
  • Urmia Lake Dying as Tunnel Restoration Project Lags 
    Cracks have appeared in a tunnel that was slated to transfer water from Kanisib Dam in Piranshahr, West Azarbaijan Province, to Urmia Lake, the head of Iran Water and Power Resources Development...
  • Rains Fill 50% of Iranian Dams
    Unprecedented torrential rainfall in the past few days in several provinces, including Tehran, Alborz, Markazi, Isfahan, Fars, Hormozgan, Sistan-Baluchestan, Yazd and Chaharmahal-Bakhtiari, has...
  • Plans to Increase Mercaptan Output at SP Phase 1 Refinery
    The mercaptan unit of South Pars Phase 1 Refinery has produced 1,400 tons of the odorant and plans are underway to increase the yearly output, the manager of the refinery said. “The unit is the...
  • Oil Prices Rise as Chances of OPEC+ Supply Boost Weaken
    Oil prices rose in European trading on Friday as attention turned to next week's OPEC+ meeting and expectations that it will dash US hopes for a supply boost.  

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