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
  • Petrochem Sector Earns $110 Billion in 7 Years
    Petrochemical revenue from exports and domestic sales in seven years exceeded $110 billion, secretary general of Iran's Association of Petrochemical Industry Corporation (APIC) said.  “Of the...
  • 1,000 MW Power Plants to Be Built With Wholly Indigenized Equipment
    Construction of two power plants with total 1,000 MW capacity is set to begin in Khuzestan and Khorasan Razavi provinces in February, the Energy Ministry news portal Paven reported. A 546 MW...
  • Armenian Official in Energy Talks in Tehran
    Iran and Armenia explored grounds to boost collaboration in energy projects in a meeting between Deputy Oil Minister Amir-Hussein Zamaninia and Deputy Minister of Territorial Administration and...
  • Russia Backs OPEC+ 500,000 bpd Oil Output Hike From February
    Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day from February at next month’s summit of the leading global oil producers,...
  • Water Levels Decline 30% in Urmia Lake Catchment Area
    Water stored water in dams around the catchment area of Lake Urmia has decreased by 30% compared to last year, managing director of West Azarbaijan Regional Water Company said. “There are eight...
  • Mazut Blamed for Air Pollution
    The coronavirus outbreak has forced some businesses to close and reduced working hours in many organizations and companies across the board.  Lockdowns have led to a reduction in traffic as large...
  • Azeri Official Signs Power Plant Construction Deal
    Iran and Azerbaijan finalized an agreement to build a hydroelectric power plant on the joint Khoda-Afarin dam on the Aras River straddling the joint border. The deal was signed in Tehran on...
  • 3 Petrochem Plants Open
    Three petrochemical plants costing $1.1 billion were launched in the western provinces on Thursday. The projects include olefin unit and sulfur recovery unit of Ilam Petrochemical Plant in Ilam...
  • Semnan Water Problems Persist
    The level of groundwater resources in Semnan Province on average drops annually by 60 centimeters posing an existential threat to the water resources of the province, managing director of the...
  • Gas Consumption Up 35% in 2 Years
    Close to 203 billion cubic meters of natural gas was used in ten months to December 21, head of the state-run National Iranian Gas Company said. “It jumped by a massive 53 bcm or 35% compared to...
  • Oil Drops on Surprise US Stock Build
    Oil prices dropped on Wednesday after an industry report showed an unexpected rise in US crude oil inventories, and as President Donald Trump rattled markets by threatening not to sign a long-...
  • Slight Increase in Water Storage
    Average rainfall since the beginning of the current water year in September slightly increased water stored in dams. According to data from the Iran Water Management Company, dams now hold 26.7...
  • Power and Water Supply Expands in Tehran, Gilan
    Dozens of energy projects were inaugurated in Tehran and Gilan provinces on Tuesday, namely 28 related to power and water worth $22.1 million. According to the Energy Ministry news portal Paven,...
  • Smart Meters Cut Water Use in South Khorasan
    Equipping water wells with smart meters helped save more than 111 million cubic meters of water in the agro sector in South Khorasan Province in the past year, deputy of protection and operation...
  • Brent, WTI Prices Skid
    Oil prices dropped about 3% on Monday as a fast-spreading new coronavirus strain that has shut down much of the United Kingdom fueled worries over a slower recovery in fuel demand amid tighter...
  • Iran Losing Iraqi Power Market to Rivals
    The potential and investment opportunities in Iraq’s power sector notwithstanding, no meaningful measures have been taken to expand Iran’s footprint in the untapped market, deputy head of the Iran...
  • Transboundary Water Strategy Lacking
    There is a conspicuous absence of an effective strategy on cross-border resources and that is why Iran’s share of transboundary water has reduced substantially, the deputy head of Water and...
  • Power Plants Obliged to Burn Mazut
    Since the early onset of winter and increase in home gas consumption, gas supply to power plants has been disrupted as priority shifts to households forcing power plants to use liquid fuel,...
  • Polymer Made by Maroun Oil Company Added to Cambridge Structural Database
    Maroun Oil and Gas Production Company has prepared a new two-dimensional polymer from zinc and organic binders, which falls under the category of coordination polymers. The chemical compound has...
  • Investment in Power Industry Is Incompatible With Future Need
    Investment in power plants, renewables and electricity infrastructure is incompatible with levels required to safeguard electricity security after 2022, managing director of Iran's Thermal Power...
  • WTE Plant Opens in Mazandaran
    The first waste-to-energy (WTE) plant in the city of Noshahr, Mazandaran Province, was inaugurated by President Hassan Rouhani via a video conference on Thursday to help alleviate waste disposal...
  • Oil Heads for Seventh Weekly Gain as Vaccine Rollouts Support
    Oil steadied near a nine-month high on Friday on track for a seventh weekly gain in a row as investors focused on the rollout of Covid-19 vaccines and looked past rising case numbers and tighter...
  • Karoon Petrochemical Co. Offers Two New Products
    Karoon Petrochemical Company, in the southwestern port city of Mahshahr in Khuzestan Province, has unveiled two new polyurethane products. Seeking to complete the value chain, diversify products...
  • 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...

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