OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to pump more due to…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Oil prices rose on Friday despite the start of US President Donald Trump’s tariff hike on $200 billion of Chinese goods, stoking the trade dispute between the world’s two biggest economies.…
Total annual energy consumption in Iran is almost equal to the energy produced by burning 1.4 billion barrels of crude oil. The Iran Fuel Conservation Company says more than 35% of the energy…
China Petrochemical Corp (Sinopec Group) and China National Petroleum Corp, the country’s top state-owned refiners, are skipping Iranian oil purchases for loading in May after Washington ended…
Drilling 10 wells in South Azadegan Oilfield in Khuzestan Province will start soon, deputy director of the National Iranian Drilling Company said. “NIDC supplies drilling rigs, technical and…
The government is preparing a plan of action based on which solar power generated by private companies and households will be sold without state interference, a deputy energy minister said…
To help prevent disruption in power transmission in Maragheh County in East Azerbaijan Province, a mobile substation will be synchronized with the national grid in June, deputy for…
Pakistan has expressed willingness to complete the long-delayed Iran-Pakistan gas pipeline project. According to IRNA, Pakistan's Prime Minister Imran Khan has instructed his foreign…
Salehabad village in Omidiyeh in southwestern Khuzestan Province was evacuated Monday after a fire broke out at a oil pipeline near the village, the governor said. The accident occurred when…
Iran's petrochemicals output will increase 70% in two years and revenues from the sector will rise by 46% by 2021, managing director of the National Petrochemical Company said. “Nominal…
Iranian Offshore Oil Company, a subsidiary of the National Iranian Oil Company, has not cut offshore crude output nor stopped loading oil for export, managing director of the company said Monday…
Iraq will remain committed to the OPEC+ deal struck in December 2018 to cut production by 1.2 million barrels per day, according to the nation's oil ministry.
Close to 240 billion cubic meters of natural gas -- average 655 million cubic meters/day -- was supplied via the national gas grid in the last fiscal that ended in March, head of the…
Since the beginning of the current water year last September, the volume of water flowing into the country's dams has reached 64.08 billion cubic meters, up 300% compared to 16.15 bcm last year…
Oil prices tumbled by more than 2 % on Monday after US President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking derailing months of trade talks…
The world’s biggest oil buyers are being forced to go on the defensive once again. US President Donald Trump’s sanctions on Iran and Venezuela, the OPEC+ coalition’s output curbs, and…
The know-how to build liquefied petroleum gas (LPG) storage tanks has been indigenized by a private company, managing director of Panahsaz-e-Iran Engineering Company said Monday. "Manufacturing…
The first phase of a wastewater treatment plant in Paveh County in Kermanshah Province was inaugurated by Energy Minister Reza Ardakanian on Saturday. The $2 million facility has the capacity…
Iran's top engineering and energy company the Mapna Group, on Sunday unveiled an advanced gas turbine used in the power, oil, gas and petrochemical sectors. In a news briefing on Sunday, CEO…
Russia’s oil output will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues. The contaminated crude oil was shipped…
Load on the national power load is expected to increase by 5% in the current fiscal that started in March, a deputy managing director of Iran Power Generation, Distribution and Transmission…
Iran’s oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global supply losses caused by US sanctions on…
The plan to ration gasoline and increase fuel price has been suspended for now, spokesman for the Majlis Presiding Board told reporters on Sunday. “The matter will be discussed at a joint…
China’s natural gas consumption grew steadily in the first quarter of the current year amid the country’s fight against air pollution.
The National Iranian Oil Company and Iraqi oil officials explored ways to boost cooperation in Tehran on Friday.
