Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
July 18, 2021 18:58
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July 19,2021US 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... -
July 19,2021The 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...
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July 19,2021The 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...
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July 18,2021The 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...
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July 18,2021Oil 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...
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July 18,2021More 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...
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July 17,2021OPEC 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.
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July 17,2021Mojen 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...
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July 17,2021Water 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...
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July 17,2021Borujen Petrochemical Park will be constructed in Chaharmahal-Bakhtiari Province to develop downstream industries, create employment and boost the southwestern province’s economy. The facility...
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July 16,2021Oil 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...
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July 16,2021Transforming 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...
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July 16,2021The 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...
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July 16,2021Close 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...
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July 14,2021Thermal 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...
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July 14,2021Tapping 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...
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July 14,2021Oil 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...
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July 14,2021The 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...
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July 13,2021Big 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...
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July 13,2021The 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...
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July 13,2021The 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...
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July 13,2021Tehran 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...
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July 12,2021The 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,...
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July 12,2021Drilling 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...
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July 12,2021Crude 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.
