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
  • OPEC Warns Against Rushing Crude Production Hike in 2021
    The president of OPEC reiterated that the oil producers’ organization shouldn’t rush to increase output early next year and said energy demand was still fragile with the coronavirus raging across...
  • Clean Energy Capacity Expanding in 3 Regions
    An estimated 140,700 kilowatt hours of electricity was produced by solar power plants in Kohgiluyeh-Boyerahmad Province in southwest Iran in the first eight months of the current calendar year to...
  • Environment Protection Awareness Comes to Bushehr Petrochem Plant
    In doing its fair share to help preserve the environment, Nouri Petrochemical Company in Bushehr Province has signed a contract with the engineering company Namvaran to recover flare gas, managing...
  • SP Phase 11 Starts Offshore Drilling
    Long-delayed offshore drilling operations in the South Pars Gas Field Phase 11 off the Persian Gulf started Tuesday by Mapna Drilling Company, the National Iranian Oil Company’s deputy managing...
  • Oil Prices Rise on Tanker Explosion in Saudi Arabia
    Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia...
  • Isfahan Refinery Buys Indigenized Catalysts
    Isfahan Oil Refinery in central Isfahan Province has purchased high temperature shift (HTS) catalysts for its hydrogen production units from Khwarizmi Technology Development Company, a local...
  • Oil Spill Poses Challenge in Chaharmahal-Bakhtiari Province
    It will take at least 15 years to clean up the environmental harm caused by the oil slick in Ardel Country in Chaharmahal-Bakhtiari Province where an old pipeline burst, head of the provincial...
  • NIOC Could Double Oil Output if US Siege Is Lifted: Zanganeh
    The National Iranian Oil Company aims to produce 4.5 million barrels a day of oil and gas condensate in the next calendar year starting on March 21, the oil minister told lawmakers on Saturday. “...
  • Petrochem Output Reaches 76m Tons
    Launch of six petrochemical projects since the beginning of the current Persian fiscal year (March) has increased annual production capacity by 10 million tons -- from 66 million tons last year to...
  • Majlis: Free Electricity Is a Political Gesture
    The Rouhani administration’s decision to exempt households that use electricity within a certain limit from paying their bills is a politically-motivated gesture. It cannot help solve the power...
  • World Oil Demand at Two-Month High
    Global demand for road fuels hit a two-month high last week, recovering from the slowdown in October and November when many countries in Europe imposed lockdowns for a second time this year,...
  • Feedstock Shortage Halts Zarand Power Plant
    One of the two 30 megawatt units of Zarand Thermal Power Plant in the namesake county, Kerman Province, is out of service due to lack of fuel since October, managing director of Zarand Power...
  • Global Oil Demand Rebound to Accelerate in Second Half 2021
    Global oil demand will rise in 2021, but not enough to surpass 2019 levels as the coronavirus pandemic continues to weigh on transportation fuel demand, especially jet fuel, according to S&P...
  • South Pars Increases Output
    Ethane production in the first seven months of the current Persian year (started in March) increased 38.5% compared to the same period last year, manager of the third refinery of South Pars Gas...
  • Future of Kerman Water Project Uncertain
    A water supply tunnel project in southern Kerman Province has been halted by judicial order, the provincial governor general said. “The project to transfer drinking water from Safaroud Dam in...
  • Oil Set for Weekly Gain Amid Coronavirus Vaccine Rollouts
    Oil prices eased on Friday but were set for a sixth week of gains, as the rollout of novel coronavirus vaccination programs fed hopes that demand for fuel would rebound next year.  
  • Petrochemical Plant in SW Shifts Focus to Value-Added Products
    Bu-Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, is moving ahead with two projects to produce higher value-added products, the managing director said. The projects include...
  • CNG Sales Rise 10%
    Compressed natural gas sales reached 21 million cubic meters per day in the first half of the current Iranian calendar year (March to Sept.). The figure shows 10% growth compared to the same period...
  • Dams, Floods and Expediency
    Dams are built to help protect against the potential loss of life and properties that can be caused by flooding. There are 200 dams in Iran half of which are in southern regions like Khuzestan...
  • Catalysts for Dry Reforming of Methane Indigenized
    Catalysts used for dry reforming of methane at Khuzestan Petrochemical Company has been indigenized with the help of two domestic companies. Petrochemical Research and Technology Company has...
  • 17 Water, Power Projects Inaugurated in 3 Regions
    Seventeen power and water projects worth $23 million were inaugurated in three provinces on Tuesday. One is in Tehran, eight in the northeastern Golestan Province and eight in Ilam in the west, the...
  • Good Rains No Respite for Markazi Province
    Despite good rains in Markazi Province the water deficit of underground sources has not been compensated, head of the provincial Water Resources Planning Department said. “Precipitation in Saveh...
  • Private Companies Join Kerman Wastewater Network Expansion
    Private firms have invested $86 million to expand wastewater networks in three cities in Kerman Province and the southeastern province now holds the record for the highest private investment in...
  • Brent, WTI Prices Stumble
    Oil prices fell on Monday as a continued surge in coronavirus cases globally forced a series of renewed lockdowns, including strict new measures in Southern California in the United States, the...
  • Private Company Collects APG in Khuzestan Oilfield
    Tamkar Gas Equipment Company, a knowledge-based firm, has developed an associated petroleum gas (APG) or flare gas recovery system to reduce greenhouse gas emissions in Parsi Oilfield near Ahvaz in...

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