Energy

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

Oil Prices Tick Up
Oil Prices Tick Up
July 21, 2023 17:55
  • Power Losses in National Grid Pile Up
    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...
  • Manufactures in Central Iran Reject Recycled Water
    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 the...
  • Gas Flaring Halved in 2 South Pars Phases
    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...
  • Wastewater Plants Expanding in Kurdestan
    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 and...
  • Big Oil Earnings Battered By Virus
    Big Oil emerged from first-quarter earnings battered and bruised, but things are only going to get uglier.  
  • Brent, WTI Prices Drop Amid Supply Glut
    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...
  • China Issues 2nd Batch Fuel Export Quotas
    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...
  • Iran Cannot Access $2 Billion in Iraqi Bank Due to Sanctions
    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,...
  • Alborz Province Has a Water Problem
    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 provincial...
  • Iran's Gas Supply Capacity Rises to 1 Billion cm/d
    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. “The gas network has the...
  • Crashing Oil Demand Drives a 17 mbpd Global Output Cut in Q2
    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.  
  • Australia to Produce Hydrogen From Wind, Solar
    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...
  • TPWWC Reassures Public About Sewage Collection in South Tehran
    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 Department...
  • Raising Electricity Tariffs Will Not Deter Big Consumers
    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.  According to...
  • Oil Climbs as Coronavirus Curbs Ease
    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 up...
  • Tehran Municipality to Provide Land for CNG Filling Stations
    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,...
  • Asia Faces Costlier LPG
    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...
  • No Damage to Utilities in Tehran’s 5.1 Quake
    Gas, electricity and water networks in Tehran Province were spared by the earthquake that jolted the capital in the early hours on Friday.  
  • Pipeline to Supply Gas to Kish Island
    A project to construct a pipeline to transfer natural gas to Kish Island in south Iran is being carried out by the Pars Oil and Gas Company, a subsidiary of National Iranian Oil Company, an...
  • Oil Rises Above $31
    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.  
  • Urmia Lake Recovery Efforts Rewarding
    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...
  • Water Paucity Brings Farm Crisis to Sistan-Baluchestan
    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...
  • Crude Oil Prices Extend Gains on Demand Hopes as Lockdowns Ease
    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...
  • Petrobras Sets Record of 1 Million bpd Oil Exports
    Brazil’s Petrobras set a new oil exports record of 1 million barrels per day in April, as domestic demand plunged, the state-controlled oil firm said on Monday, days after a large group of other...
  • Solar Manufacturing Picks Up in Yazd
    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 output in...

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