Energy

Oil prices were on course for their sixth straight day of falls on Friday, dragged lower by a surge in US crude inventories, timid demand and doubts over the ability of producers to coordinate…

So long as electricity export is the exclusive premise of the Energy Ministry, the power industry will remain far on the periphery due to the obvious reluctance of private firms to get involved…

Construction of Masjed Soleyman Petrochemical Company's ammonium and urea units in Khuzestan Province is almost over and will come online by the end of the current fiscal year (March 2021),…

Construction of Jask Export Terminal has registered 40% progress, the oil minister said at the weekend. “We hope the project will be completed by the end of the year (March 2021) so that…

Despite the rise in evaporation in Urmia Lake catchment area, the water level is stable and things are normal for now, head of Urmia Lake Restoration Project said Saturday.

Global nuclear generating capacity was 391.1 gigawatts as of December 31, 2019, with 443 operational reactors in 30 countries, a fall of 4.5 GW from 386.6 GW at the end of 2018, the…

The total liquid fuel delivered to the power plants across Iran last year (ended March 19) was 13.8 billion liters, of which about 4.3 billion liters were mazut and 9.5 billion liters diesel,…

European refiners are shunning Russia’s flagship crude grade Urals, which is now more expensive than Brent Crude after Russia cut its exports as part of the OPEC+ agreement, oil traders told…

The largest oil company in the United States is preparing to let go between 5% and 10% of its US-based employees subject to performance reviewed, anonymous sources told Bloomberg. Exxon’s job…

The US shale industry is about to enter a period of “great compression” as low oil prices hammer the sector, according to a Deloitte study released Wednesday.

The average efficiency of thermal power plants reached 38.58% last year (ended in March), which was 0.48% more than the year before, managing director of Iran's Thermal Power Plants Holding…

Oil prices rose on Friday, extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections worldwide and signs of a revival in US crude…

To help complete the value chain in the petrochemical sector, Miandoab Petrochemical Complex in West Azarbaijan Province became operational on Thursday, managing director of the plant said.

Oil futures were mixed on Wednesday as concerns about oversupply in the market, stoked by a rise in US crude inventories, were offset by a drop in gasoline stocks that lifted hopes for fuel…

To help check and reduce power consumption in peak hours, Iran’s first online electricity monitoring center was inaugurated by Mohammad Hassan Motavalizadeh, head of the government-affiliated…

Persian Gulf Bid Boland Gas Refinery in Khuzestan Province will be operational in August, the managing director said. “The refinery will start operation with 20 million cubic meters of gas or…

As the OPEC+ alliance sticks to its guns in trying to curb oil output to shore up prices, Asian buyers are increasingly looking to the US for a cheaper source of supply.

Hegmataneh Petrochemical Plant in Hamedan Province is set for launch in the second half of the current fiscal year, and when operational will produce one of the rarest petrochemicals in the…

The pattern of procrastination by automakers and the influence of their strong lobbies notwithstanding, the Department of Environment insists on its stance that car companies must start making…

A consortium of six global investors has entered into a $20.7 billion agreement with Abu Dhabi National Oil Company (ADNOC), the state-owned oil company said Tuesday.  As part of the…

Bushehr Nuclear Power Plant in the southern namesake city that was temporarily shut down for technical overhaul and refueling outage has resumed operation, head of the facility said. "The plant…

Fifteen wet months helped eased the water tension to some extent, but the respite will not last long, director of the National Water and Wastewater Engineering Company of Iran (Abfa) said.

Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing tighter supplies from major producers. Brent…

Mehr Petrochemical Company in Asaluyeh, Bushehr Province, has set a new record in production of high-density polyethylene in the past six months. The company produced 190,000 tons of HDPE in…

Expansion of the national gas network in Sistan-Baluchestan Province is on track despite difficulties created by coronavirus in the southern regions, head of the provincial gas company said.