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
  • 8 mcm Capacity Dam to Supply 40 Villages in Hamedan County
    Construction of Khorramrud Dam in Tuyserkan County, Hamedan Province, has made 40% physical progress, the managing director of Hamedan Regional Water Company said. “Built on a namesake river,...
  • Iraq Gov’t Is Not Forthcoming About Major Power Contracts
    Iran’s state and private sector electricity producers are willing to help rehabilitate Iraq’s crumbling power infrastructure but the Baghdad government does not seem interested, the energy minister...
  • Bushehr Pushing Desalination Agenda
    Desalination in the southern Bushehr Province increased 2.5 fold in the past three years but is not enough, head of the provincial Water and Wastewater Company said. “Two desalination units...
  • Oil Gains After Cyberattack Shuts Down US Fuel Pipelines
    Oil rose on Monday after major US fuel pipeline operator Colonial Pipeline had to shut fuel pipelines due to a cyberattack, raising concerns about supply disruption and pump price increases.  
  • OPEC+ Crude Output Rises
    A resurgent Iran pumped its largest volume of crude in almost two years in April, while an increasingly compliance-challenged Russia also boosted its output yet again, bringing total production by...
  • Company in Khuzestan Raises PET Production
    Production of polyethylene terephthalate, better known as PET, at Shahid Tondgouyan Petrochemical Company topped 107,000 tons in the first month of the current Persian calendar year (March 21-April...
  • DoE Sues Petrochem Managers
    A number of unnamed petrochemical company managers in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province have been charged with violating environmental standards and will be in the...
  • Ending Gasoline Import Saved $20b in 2.5 Years
    If the state-run National Iranian Oil Refining and Distribution Company was not self-reliant in gasoline production, it would have to spend an estimated $20 billion to import the fuel in the past...
  • Energy Efficiency: A Missing Link in Managing Demand
    The National Iranian Gas Company's output stood near 260 billion cubic meters in 2020.  As per data released by the state-run NIGC (a subsidiary of the National Iranian Oil Company), of the total...
  • Domestic Firms Producing Pipes for 28 Oil Reservoirs
    Iranian companies will produce pipes for 28 oil reservoirs in the south and southwest, managing director of the National Iranian South Oil Company said. “The project includes laying 5,000 km of...
  • Oil Prices Climb as China, US Economic Data Lift Markets
    Oil prices recovered after a 1% dip in the previous session on buoyant economic data from China and the United States, even as the surging Covid-19 pandemic in India capped prices.  
  • NPC Projects Add to Value Chain
    Eleven petrochemical projects in the last fiscal year that ended in March contributed to the value chain and expanded the National Petrochemical Company’s annual production capacity by 15%, from 66...
  • Gas Supply Accelerates in Three Rural Regions
    Rural gas supply projects in Kermanshah Province continued in the last Persian calendar year (March 2020-2021) and 9,374 households in 219 villages were connected to the gas grid, managing director...
  • CCGT to Add 160 MW to Qeshm Power Production
    The steam unit of the Qeshm Combined-Cycle Power Plant, aka combined cycle gas turbine (CCGT), in Qeshm Island in southern Hormozgan Province, will come on stream next year, the island’s governor...
  • 100-Km Mahshahr Gas Pipeline Will Double Feedstock Supply
    Pipe-laying work in Mahshahr Petrochemical Special Economic Zone (Petzone), Khuzestan Province, has been completed, operator of the project said. “The 100-km branches off from the 5th Iran Gas...
  • Oil Nears $70
    Oil prices rose for a third day on Wednesday as easing of lockdowns in the United States and parts of Europe heralded a boost in fuel demand in summer season and offset concerns about the rise of...
  • ICCIMA Official: Cordial Ties to Neighbors Key to Restoring Lost Oil Market Share
    The era of high demand for oil and petroleum products will not be as before, most experts and analysts say. Nonetheless, Iran still has the opportunity to restore its lost market share if it...
  • Thermal Power Plants Prepare for Peak Demand
    More than 77% of the repair and maintenance of thermal power plants is over, director-general of the technical office at the Thermal Power Plants Holding Company said. “Overhaul starts every year...
  • Russian Oil Output Rises 2% in April Following OPEC+ Deal
    Russian oil and gas condensate output rose 2% to 10.46 million barrels per day in April, from 10.25 million bpd in March, according to Reuters calculations based on an Interfax report on Sunday...
  • Geothermal Power Plant in NW Operational Next Month
    The first geothermal power plant near the city of Meshkinshahr in northwest Ardebil Province will come on stream by June, the Ardebil governor said. Costing $9 million, the plant has a capacity of...
  • Qanat Rehab Gathers Pace
    Forty million dollars have been earmarked for rehabilitating qanats this year, up 170% compared to the last fiscal year, head of the water affairs department of the Agricultural Jihad Organization...
  • Oil Prices Slip From Six-Week High
    Oil prices slipped on Friday, taking a breather after touching their highest in six weeks as concerns of wider lockdowns in India and Brazil to curb the Covid-19 pandemic offset a bullish outlook...
  • New Targets Needed to Remediate Urmia Lake
    In an ongoing joint scientific study, hydrologists from Iran and the US have set new objectives to revive the troubled Urmia Lake straddling the provinces of East and West Azarbaijan -- one of the...
  • Oil Rises on Optimistic Demand Outlook
    Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of Covid-19 infections in India and a bigger-than-expected build in US crude stocks...
  • OPEC+ Confirms Plan to Gently Hike Supply
    OPEC and its allies recommended proceeding with plans to gently revive oil production as global demand recovers from the pandemic, despite surging infections in India.  

Pages

Financialtribune.com