Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Only a fraction of treated wastewater produced in Khomein County’s Wastewater Treatment Plant in Markazi Province is used in industries and the rest is dumped into rivers, managing director of…
Power loss in Iran’s electricity distribution network is close to 6,000 megawatts per day, an energy expert said. “Electricity losses are very high and like wasting $37,500 a day,” Bargh News…
Gas flaring in phases 17 and 18 of the giant South Pars Gas Field in the Persian Gulf has reduced by 50% to help preserve the environment, head of South Pars’s seventh refinery said. “With the…
Oil prices fell on Monday as concern over a persistent glut and economic gloom caused by the coronavirus pandemic combined to cancel out support from supply cuts at some of the world’s top…
Three wastewater treatment plants are under construction in Kurdestan Province, director of the provincial Water and Wastewater Company said. “The projects are underway in Kamyaran, Divandareh…
China has issued 28 million tons of refined fuel export quotas in the second allotment for this year, little changed from the first batch of 27.99 million tons issued last December, according to…
Big Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier. Major oil and gas producers from Norway to the US saw profit plunge in the opening…
Mass emigration, low precipitation and illegal water withdrawal from depleting underground water resources have contributed dangerously to water shortages in Alborz Province, head of the…
Iran exports about 1,500 megawatts of electricity and 30 million cubic meters of gas to Iraq every day, the money for which is deposited in the Trade Bank of Iraq, a spokesman of the Iranian Oil…
Wastewater produced in Behesht Zahra Cemetery where dead bodies including Covid-19 victims are washed does not enter the Tehran sewage collection network, deputy head of the Supervision…
Consulting firm IHS Markit expects oil demand in the second quarter of 2020 to be 22 million barrels per day less than a year ago. This collapse in demand combined with low oil prices, storage…
Natural gas transfer capacity has increased by 150 million cubic meters a day in the last four months, director of dispatching at the National Iranian Gas Company said.
BP Plc has won Australian government backing for a feasibility study into producing hydrogen using wind and solar power to split water and converting the hydrogen to ammonia in Western Australia…
As per a proposal ratified by the Majlis and Cabinet, electricity tariffs increased by 7% for all consumers and 23% for heavy consumers in 2019 and the policy will continue in 2020. …
Gas, electricity and water networks in Tehran Province were spared by the earthquake that jolted the capital in the early hours on Friday. The 5.1-magnitude quake struck the densely populated…
Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick…
Low US oil prices have prompted a significant downward revision of the US natural gas liquids (NGL) production over the next few years, which may increase liquefied petroleum gas (LPG) import…
Following the recent announcement to expand infrastructure for promoting compressed natural gas use in vehicles by a deputy director of the National Iranian Oil Refining and Distribution Company…
Close to $1 billion has been spent on Urmia Lake Restoration Program over the last five years, an official involved in the Urmia Lake Restoration Program said. Masoud Tajrishi, the ULRP…
Oil rose above $31 a barrel on Wednesday as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in US inventories.…
A solar power plant in Yazd Province will come online by the end of summer, managing director of Yazd Regional Electricity Company said.
“The 10 megawatt farm will increase solar power…
Low precipitation in Sistan-Baluchestan Province in the last eight months is posing new challenges to agribusiness in the dry region, a lawmaker from Zabol said. “Rain fed agriculture is out of…
A Russian pipe-laying ship that could help finish the Nord Stream 2 gas link to Europe has anchored at the Baltic Sea port of Kaliningrad after sailing for three months from the Pacific. The…
Oil prices jumped again on Tuesday on hopes for a recovery in vehicle traffic and fuel demand as some European and Asian countries along with several US states began to ease coronavirus lockdown…
