Energy

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

  • Smart Water Use Remains a Priority
    The Majlis on Wednesday obliged the Central Bank of Iran to allocate $80 million for the electrification of agro wells. The CBI will make the funds available through commercial banks for the Power...
  • Oil Soars to Near 14-Month High as OPEC+ Extends Output Cuts
    Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more...
  • Demand Disappears for Premium Gasoline
    Demand for premium gasoline, marketed as ‘super’ in Iran declined 80% in the first 11 months of the current Persian calendar year that ends on March 20 compared to the same period last year, head...
  • Turkey Cuts Gas Import From Iran
    Turkey’s natural gas import from Iran declined by 31% in 2020 compared to a year ago. According to Barq News, the latest report issued by Ankara-based Energy Market Regulatory Authority (EMRA)...
  • Zahedan Water Shortage Causes Difficulties, Serious Concern
    The daily water deficit in Zahedan, capital of Sistan-Baluchestan Province, is about 100,000 cubic meters, managing director of the provincial Water and Wastewater Company said.  "Water supply to...
  • MAPNA Builds Vent Silencers for Thermal Power Plants
    MAPNA Boiler Engineering and Manufacturing Company, a subsidiary of the engineering and energy giant MAPNA Group, has designed and manufactured vent silencers for thermal power plants. Experts and...
  • Brent, WTI Hike as OPEC+ Considers Rollover
    Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine...
  • Green Industry Award for Polypropylene Company
    Jam Polypropylene Company in Asalouyeh, Bushehr Province, has received Iran’s green industry award for the second consecutive year. The award, given annually by the Department of Environment, is...
  • Gas Output Capacity to Reach 1.1 Billion cm/d in 4 Months
    Natural gas output capacity is expected to increase by 100 million cubic meters per day over the next four months, managing director of the National Iranian Gas Company said on Tuesday. "The...
  • 20 Power, Water Projects Launched in Six Provinces
    Twenty electricity and water projects costing over $23 million were launched in six provinces on Tuesday. Of the 20 projects, six projects were in Kermanshah, four were in Gilan, three in East...
  • Oil Jumps on Vaccine Optimism
    Oil prices rose more than $1 on Monday, supported by optimism over Covid-19 vaccinations, a US stimulus package and growing factory activity in Europe despite restrictions imposed to curb the...
  • Construction of Sirik Power Plant Will Start Soon With Russian Loan
    The construction of Sirik Power Plant in Sirik County, Hormozgan Province, which is financed by Russia, will start soon, Energy Minister Reza Ardakanian said on Sunday. “Russia had signed an...
  • Oil, Petrochem Projects Worth $2.7b Launched in Ilam, Bushehr
    President Hassan Rouhani on Monday officially inaugurated oil and petrochemical projects valued at $2.7 billion in Ilam and Bushehr provinces via videoconference. Costing $1.7 billion, the...
  • OPEC+ Compliance With Oil Output Cuts Jumps to 103%
    The OPEC+ group of producers’ compliance with the oil output cuts in January hit 103%, higher than the estimated compliance in December.  
  • Petrochem Firms Using Indigenized Catalysts
    Three petrochemical companies in southern Iran have been collaborating with domestic catalyst producers and knowledge-based firms to indigenize catalysts. Hengam Petrochemical Company on Hengam...
  • Kangan NGL Recovery Plant’s First Phase Comes on Stream
    To underpin the sustainable supply of feedstock to petrochemical plants, the first phase of a natural gas liquid (NGL) recovery plant became operational in Kangan Petro Refining Company (KPRC) in...
  • Polymer Company Reports Higher Sales
    Arya Sasol Polymer Company (ASPC) earned $620 million in sales in the first 11 months of the current Persian calendar year (March 2020-Feb 2021), which was up 95% compared to the same period last...
  • Renewables Help Reduce Greenhouse Gases: Satba
    The Renewable Energy and Energy Efficiency Organization (Satba) does all it can to remain abreast of global trends in reducing greenhouse gases and expand the renewable sector, a deputy energy...
  • Water Tension Likely to Worsen
    At least 200 big cities small towns are expected to face severe water tension between June and September, the deputy for supervisory affairs at the National Water and Wastewater Engineering Company...
  • Oil Prices Fall on Rising Dollar
    Oil prices fell on Friday as a collapse in bond prices led to gains in the US dollar and expectations grew that with oil prices back above pre-pandemic levels, more supply is likely to come back to...
  • Chabahar Power Plant to Raise Output
    The steam unit of Chabahar Power Plant in Sistan-Baluchestan Province will come online by the end of spring. With the launch of the unit with 160 MW capacity, total capacity of the station in...
  • Less Power Waste Helps Save $2.5 Billion in Costs
    Gradual power loss reduction in the distribution and transmission networks nationwide has helped the state-run Power Generation, Distribution and Transmission Company’s (Tavanir) save $2.5 billion...
  • New Loading Dock Boosts LPG Export
    A new loading dock to export liquefied petroleum gas became operational in Tombak Port, 50 kilometers north of the port of Asalouyeh in Bushehr Province. Mohammad Meshkinfam, managing director of...
  • 933 kms of Pipelines Added to Ease Internal Fuel Transport
    Three pipeline construction projects to transfer gasoline, diesel and kerosene were inaugurated Monday stretching over 933 kilometers, the Oil Ministry news agency Shana reported. “One was the 20-...
  • DG Power Capacity Rising
    Power production by small-scale power plants with distributed generation system increased by 1,000 megawatts in five years, a spokesman for the state-run Power Generation, Distribution and...

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