Energy

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

  • Oil Negotiators Race for Pact
    Saudi Arabia, Russia and other large oil producers are racing to negotiate a deal to stem the historic price crash as diplomats said some progress was made on Sunday.  
  • China April Oil Product Export Falling as Pandemic Erodes Demand
    China is poised to cut oil product exports in April as lockdowns across the world to limit the coronavirus pandemic sapped global demand, according to refiners, traders and analysts.  
  • Iran Energy Ministry Plans to Use Gas Condensate in Power Plants
    One of the programs of the Energy Ministry in the current fiscal year (started March 20) is to use gas condensates for gas turbines in power plants, Energy Minister Reza Ardakanian said in a video...
  • Iranian Energy Firms Join Campaign Against COVID-19 Outbreak
    Oil and gas companies including the National Iranian South Oil Company, a subsidiary of the National Iranian Oil Company, are doing their fair share in helping degrade and defeat the coronavirus,...
  • Abfa Reports 69% Decline in Snowfall
    Snow cover in the mountain basins has declined by a massive 69% compared to last year, a report issued by the Iran Water Management Company shows. “Snow has covered almost 91,000 kilometers in...
  • Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help alleviate global oversupply as the coronavirus pandemic pummels demand.
  • Renewable Sector Facing Risks From Unforeseen Quarters
    The International Energy Agency has predicted that the world will add 1,200 gigawatts of renewable energy by 2024, a 50% increase on what’s in place now. That would see renewables’ share of global...
  • Asian clean and dirty tankers have just had one of their best first quarters in years as traders rushed to store oil products on the water as the COVID-19 pandemic slashed oil demand globally, but...
  • OPEC-Russia Meeting Delayed
    OPEC and Russia have postponed a meeting set for Monday to discuss supply cuts and ending a brutal price war.
  • Iran Produced 267 Billion cm of Gas Last Fiscal Year
    An estimated 267 billion cubic meters of natural gas was produced in the last fiscal year that ended in March, director of dispatching at the National Iranian Gas Company said. “Of the total...
  • Micro-CHP System to Amplify Energy Efficiency
    The Research Institute of Petroleum Industry signed a contract with Aran Energy Systems Company in Tehran Saturday for commercializing micro-CHP system parts, according to the Oil Ministry news...
  • Iran Energy Ministry: Installed Power Capacity Up 3 GW
    Close to 3,000 megawatts of new electricity generation capacity was added to the national grid in the last fiscal year that ended in March, the Energy Ministry spokesman for the power department...
  • Putin Government Rewriting Budget at $20 Oil in 2020
    President Vladimir Putin’s government is rewriting its budget to prepare for oil prices at $20 a barrel this year despite US-led efforts to get major producers to rein in production.
  • Less Rainfall Amid Rising Water Consumption in Iran
    Average rainfall in Iran since the beginning of the current water year (Sept 23, 2019) until April 1, 2020 shows a 38-millimeter decline compared to the same period last year. Rainfall in 192 days...
  • Upstream Pipeline Projects Take a Hit
    The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline.
  • Iran’s Gas Export to Turkey Disrupted
    Turkey's natural gas import from Iran was halted for the tenth time on March 31 following an explosion in a pipeline 1.5 km inside Turkey near the border with Iran, director of dispatching at the...
  • COVID-19 Cuts Gasoline Consumption
    Gasoline sale in Iran during the Nowrouz (Persian New Year) holiday season fell significantly compared to the closing days of the last fiscal year (ended March 19), according to the National...
  • Iran Energy Ministry Says Water Supply Safe
    Conventional water treatment methods (filtration and disinfection) used in drinking water networks across the country are functioning as designed and prevent all waterborne pathogens, head of the...
  • Tiny Reduction in Tehran Power Network Wastage
    Power wastage in Tehran was 6.9% in 2018, but has now decreased to 6.5%. According to the Energy Ministry news portal, doing away with malfunctioning equipment, supply lines, utility poles, self-...
  • Oil Crash is Help and Hazard for LNG Export Projects
    Oil’s rout may have been an unexpected boon for the biggest buyers of liquefied natural gas, but its knock-on effects may come back to bite them.
  • Warm Weather Cuts Gas Consumption in Iran
    Natural gas consumption in the household sector fell by 61% over the last two weeks as many regions experienced a rise in temperature, head of the public relations office of the National Iranian...
  • Oil Slumps as Price War Bites
    Oil fell on Monday as an emergency rate cut by the US Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus, while a price war between top...
  • South Pars’s Final Phase to Start Gas Production in 2022
    The drilling rig of Phase 11 of South Pars Gas Field will be put on its jacket in a few months and drilling will begin in June. Phase 11 is scheduled to be developed in two integrated and...
  • Aramco 2019 Profit Down by 21%
    Oil giant Saudi Aramco on Sunday posted a 21% decline in 2019 net profit due to a drop in oil prices and production, and said it plans to “rationalize” capital spending in the wake of the...
  • Abfa Wary of Rising Water Consumption
    Despite regular warnings from the National Water and Wastewater Engineering Company of Iran (Abfa), high water consumption continues unabated across provinces. Following outbreak of the...

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