Energy

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

  • Goldman Sachs Sees 'Upside' to Oil Price Forecasts From OPEC+ Deal
    US investment bank Goldman Sachs said the OPEC+ agreement to boost oil supplies supports its view on oil prices and expects a modest “upside” from its summer forecast for Brent to reach $80 a...
  • 100-Km Water Pipeline Will Link Persian Gulf to SEC in Fars Region
    The first phase of a project is underway to transfer desalinated water from Parsian Special Economic Energy Zone in southern Hormozgan Province in the Persian Gulf to Lamard Special Economic Zone...
  • Bid Boland Gas Refinery Set to Produce Jet Fuel
    The Persian Gulf Bidboland Gas Refinery in southern Khuzestan Province is planning to produce jet fuel, managing director of the refinery said. “A pilot project is underway to desulfurize butane...
  • NIOC Ready for Jask Oil Export
    The National Iranian Oil Company is ready to export crude oil from its new terminal at Jask off the Sea of Oman, the head of NIOC said. “The construction of the 1,000-km Goureh-Jask oil pipeline...
  • Oil Prices Anticipate Higher Production
    Oil prices are sending mixed signals about the production-consumption balance in the second half of 2021 and early 2022, implying the market is currently tight but likely to see significantly more...
  • 98% of Tehran Province Linked to Gas Network
    More than 98% of the population in Tehran Province have access to natural gas, managing director of the provincial gas company said. “In the last Iranian year [March 2020-21], Tehran Gas Company...
  • OPEC: Demand Will Return in 2022
    OPEC forecast a gradual recovery in demand for its crude this year and next, as the group closes in on a deal to revive the production still shuttered since the pandemic.  
  • Shahroud Dam About Half Empty
    Mojen Dam in Shahroud County, Semnan Province, which overflowed two years ago due to good rainfall in the region, is currently about half empty. The dam has a capacity to hold 4.8 million cubic...
  • Khuzestan Water Crisis Worsens
    Water stored in Khuzestan Province’s dams has dwindled by a massive 5 billion cubic meters compared to a year ago, the head of Provincial Water and Electricity Company said. “Karkheh and Dez dams...
  • Southwest Petrochem Park to Develop Downstream Industries
    Borujen Petrochemical Park will be constructed in Chaharmahal-Bakhtiari Province to develop downstream industries, create employment and boost the southwestern province’s economy. The facility...
  • Oil Heading for Biggest  Weekly Fall in Months
    Oil prices fell on Friday, heading for their biggest weekly drop since at least May as expectations of more supplies spooked investors, with OPEC likely to add output to meet a potential revival in...
  • Smart Meters Help Curb Water Consumption in Zanjan
    Transforming traditional wells into smart wells in Zanjan Province has helped reduce the extraction of underground water, the head of the provincial water company said. “There are 13,000...
  • Power Plant in Asalouyeh Linked to Electricity Network
    The power station of Damavand Petrochemical Utility Plant in Asalouyeh, Bushehr Province, has been connected to the national power grid so that it can send its surplus electricity to the grid and...
  • Localization Helps Cut Power Plant Repair Costs, Duration
    Close to 200 parts used in Ramin Power Plant in Ahvaz, Khuzestan Province, have been repaired by technicians of the power station in the spring, managing director of the plant said. “In the first...
  • Thermal Power Stations Operating at Full Capacity
    Thermal power stations are operating at full capacity and their output has grown by 14% in the first four months of the current fiscal year (started March 21) compared with the corresponding period...
  • Desalination Tops Gov’t Agenda
    Tapping into seawater and developing desalination plants to quench the thirst in parched areas, especially in southern regions which have long been suffering from acute water paucity, remain a top...
  • Oil Prices Slip
    Oil prices fell on Wednesday over fresh concerns about demand after data showed China's first-half crude imports dropped, but were still holding near a one-week high amid worries about supplies as...
  • New Oil Well in Sivand Adds 2,000 bpd to Output Capacity
    The first well of Nasr 5 satellite platform in Sivand Oilfield in the Persian Gulf has become operational to help increase oil production in the field, managing director of the Drilling Company...
  • Industries Keen on Generating Their Own Electricity
    Big power users, including automakers, steel complexes and cement factories who say load shedding will sound the death knell of their industry, want the government to pass regulations to help them...
  • RIPI Produces Wellhead Valve Lubricants
    The center for development of downstream petroleum industry at the Research Institute of Petroleum Industry is producing lubricants for wellhead valves, director of the research center said. “The...
  • Nouri Petrochemical Plant Increases Output, Profits
    The output of Nouri Petrochemical Company in southern Bushehr Province increased by about 527,000 tons in the last Iranian year (March 2020-21) compared to the preceding year, which resulted in a...
  • Land Subsidence Threat Overlooked
    Tehran is losing the battle against land subsidence, as the earth sinks in some plains of the province by about 30 centimeters every year, and conditions are more critical in Shahriar and Varamin...
  • Revenues From South Pars Products Hit $335 Billion
    The National Iranian Oil Company has earned close to $335 billion by selling South Pars Gas Field’s products, including gas condensates, natural gas and derivatives like ethane, butane, propane,...
  • 13 Wells to Be Drilled at Forouzan Oilfield to Boost Output
    Drilling operations have begun in Forouzan Oilfield to increase oil output in the joint field. According to a contract signed earlier between the Iranian Offshore Oil Company, Petropars Group and...
  • Oil Prices Dip as Economic Worries Offset Tightening Supply Prospects
    Crude futures slipped on Monday as concerns over slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled.  

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