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
  • Crude Prices Rise on US Stockpile Draw
    Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid a report that crude inventories in the United States, the world’s biggest fuel consumer, fell.  
  • More Rural Regions Join Gas Grid
    Piped gas was supplied to 2,913 rural areas and 23 cities in the last Persian calendar year (March 2020-2021), managing director of National Iranian Gas Company said.  
  • North Khorasan Power Access Improves
    Electricity projects were launched in North Khorasan Province on Tuesday. The projects include construction of 60 km of electricity distribution network, installation of 99 substations, as well as...
  • Local Firms Sign Contracts Worth  $200 Million to Boost APG Capture
    To increase the collection and processing of associated petroleum gas from the southern oilfields, two contracts were signed between the Persian Gulf Bidboland Gas Refinery and three domestic...
  • Oil Slips to $64
    Oil slipped to around $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and hopes for a wider demand...
  • Thermal Energy in the Lead
    An estimated 340 billion kilowatt hours of power was produced in 2020, up 13% or 40 billion kWh compared to a year ago. According to data released by the sate-run Tavanir (Iran Power Generation,...
  • Kermanshah Water Treatment Plant Operational by Summer
    A water treatment plant in Kermanshah City, capital of Kermanshah Province, is scheduled to come on line by summer, managing director of the provincial regional water company said. Construction of...
  • Time for Transition to Modern Power Plants
    Repair and maintenance of aging power plants cannot improve their low efficiency as expected and there is a critical need for modern equipment, head of Tehran’s Besat Power Plant said. Regarding...
  • Upsurge in Gas Output, Consumption
    The state-run National Iranian Gas Company injected close to 262 billion cubic meters of gas into the Iran Gas Trunkline (IGAT) in the last fiscal year that ended on March 20, up 6% or 16 bcm...
  • Tehran Snow Reserves Down
    Dwindling snow reserves in east Tehran Province are causing renewed concern, managing director of Tehran Province Water and Wastewater Company said.  
  • Mazandaran Power Plant Gets a Facelift
    As demand for electricity keeps rising in Mazandaran Province, a new combined cycle unit is under construction at Shahid Salimi (Neka) Power Plant in the region, managing director of the plant said...
  • Petrochem Output Rises to 83.5m Tons
    Iran's annual petrochemical production capacity increased by 13.5 million tons in the last fiscal year that ended on March 20. The National Petrochemical Company’s annual output was 70 million...
  • Bushehr Groundwater Crisis Worsens
    Low rainfall and excessive withdrawal from wells in Bushehr Province have almost wiped out groundwater resources in the southern region, deputy for conservation affairs at the Bushehr Regional...
  • US Economic Blockade Threatening Bushehr Nuclear Power Plant: AEOI
    The Bushehr Nuclear Power Plant in the southern namesake city is in danger of being shut down because the US economic blockade on Iran's key sectors, namely banking, has made it hard to transfer...
  • OPEC, Allies to Boost Production
    The Organization of the Petroleum Exporting Countries and allied producers have agreed to gradually increase their output over the next three months. The move follows a sharp increase in oil prices...
  • Tehran Water Loss 13%
    Almost 24% of Tehran's water network is over 40 years old while the useful life of water pipelines is an average 25 years, managing director of the National Water and Wastewater Engineering Company...
  • Projects Underway in 2 Oil Regions to Increase Output
    Development projects are underway to increase output in two oil fields in southwest Iran. The projects are in Zilaei Field in Khuzestan Province and Siahmakan Field in Kohgilouyeh-Boyerahmad, the...
  • Abfa Adds 300 mcm to National Wastewater Treatment Capacity
    Thirteen wastewater treatment plants came online in the Persian calendar year that ends on March 20 adding 300 million cubic meters to recycled capacity a year, deputy chief engineer at the...
  • Oil Slips on Europe Demand Concern
    Oil slipped for a fourth day on Wednesday as concerns about weaker demand in Europe outweighed an industry report that showed US crude stockpiles unexpectedly fell last week.  
  • Caspian Power Plant Raises Output, Cuts Gas and Water Consumption
    The steam unit of Caspian Combined-Cycle Power Plant in northern Mazandaran Province became operational Tuesday with the help of Arian MahTaab Gostar Company, head of Iran's Thermal Power Plants...
  • $495m Invested in Water Projects in 3 Provinces
    Four water and wastewater projects worth $495 million were inaugurated by President Hassan Rouhani via video conference on Tuesday in Tehran, Gilan and Qazvin provinces. The Tehran projects...
  • Tabriz Expands Capacity for Using Recycled Water
    A memorandum of understanding to transfer treated wastewater from Tabriz Wastewater Treatment Plant to Tabriz Petrochemical Company was signed between water companies of East Azarbaijan Province...
  • Private Co to Build Combined-Cycle Power Plant in Sistan-Baluchestan
    Iran's Thermal Power Plants Holding Company, a subsidiary of the Energy Ministry, concluded an agreement Sunday with the privately-owned Farab Company to convert Bampour (Iranshahr) simple-cycle...
  • Brent Crude Heads Toward $70
    Oil prices rose on Monday, with Brent heading toward $70 a barrel, as data showed China’s economic recovery accelerated at the start of 2021, boosting the energy demand outlook at the world’s...
  • 850-Km Pipeline to Divert Water From Persian Gulf to Kerman, Yazd
    The second construction phase of a project to divert water from the Persian Gulf to Kerman and Yazd provinces went on stream on Sunday, the minister of industries, mining and trade said.  "The 850...

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