The Iranian Central Oil Fields Company has a project to collect and process associated petroleum gases from Dehloran oilfield on a daily basis, the managing director said. “The aim is to…
Energy
A new report on global energy developments shows how far wind and solar have come—and hints at how far they’ll go. More than $2.7 trillion has been invested in building up renewable energy…
It was too good to be true. Last weekend’s OPEC+ meeting took a decision in record time to extend deep output cuts that had halted a dramatic slide in prices — and members even agreed to abide…
Construction of a new wastewater treatment plant in Bandar Imam Petrochemical Company in southwestern Khuzestan Province is underway as the company has put environmental protection high on its…
The first phase of a long-awaited project to divert water from Karoun River to Gheyzaniyeh rural district in Ahvaz, Khuzestan Province has come on stream, a deputy head of the provincial Rural…
A multi-million pound fund has been set up to help the energy sector in Scotland recover from the dual economic impacts of coronavirus and the oil and gas price crash.
Roughly 6.5% of crude oil production in the US Gulf of Mexico remained offline on June 12 from Tropical Storm Cristobal's weekend saunter through the region, bringing the area's output closer to…
Exxon will postpone the start of expansion works at its Beaumont refinery in Texas because of still slow demand for fuels, Bloomberg reported, citing unnamed sources familiar with the situation…
The ammonia unit of Lordegan Petrochemical Company in western Chaharmahal and Bakhtiari Province has started production, the managing director said. “The unit can produce 677,000 tons of…
The National Iranian Gas Company can double the volumes it delivers to thermal power plants and supply at least 310 million cubic meters of natural gas a day to power stations at the peak of…
Oil prices fell on Friday, extending heavy overnight losses as a surge in US coronavirus cases this week raised the prospect of a second wave of the Covid-19 outbreak hitting demand in the world…
Ilam Petrochemical Complex, in the western Ilam Province, has plans to increase output and protect the environment, managing director of the company said. “The first olefin unit of the complex…
Estimates show Iran holds 500 billion cubic meters of fossil water, of which 300 bcm is fresh water. Of the total volume of fresh water (300 bcm), close to 170 bcm has been consumed (the rest…
Rooftop photovoltaic power installations in Tehran generated 3,500 kilowatt hours of electricity in the last fiscal year (ended in March), chief executive officer of Tehran Province Electricity…
OPEC and its allies slashed almost one-fifth of their crude oil production in May, the first month of their landmark supply accord, according to the latest S&P Global Platts survey of the…
Environment ministers and senior officials from Kazakhstan, Russia, Azerbaijan, Turkmenistan and Iran discussed concerns over threats to the Caspian Sea environment via a video conference on…
Compressed natural gas consumption, which had declined 60% since March, is gradually picking up, head of CNG department at the state-run National Iranian Oil Products Distribution Company said…
Qatar’s minister of state for energy affairs shared his thoughts on some of the major oil producers’ market moves in recent months, shedding disapproval on the March decision by Saudi Arabia and…
Shahid Tondgouyan Petrochemical Complex raised production and export of varieties of polyethylene terephthalate (PET) in the last fiscal year (ended in March) compared to the previous year, head…
Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May.
Power loss in distribution networks nationwide decreased to 9.7% in the last fiscal year that ended in March. According to the Energy Ministry news portal (Paven), replacing ageing equipment,…
Middle East Kimia Pars Petrochemical Company started operations in the 2nd phase of Pars Special Economic Energy Zone in Assaluyeh, Bushehr Province, on Monday. According to the Oil Ministry’s…
Iraq wants OPEC+ to take into consideration the economic and living conditions of countries when assigning quotas in oil production cuts, the country's finance minister said, as OPEC's second-…
Kani Sib Dam project in Piranshahr, West Azarbaijan Province, as one of the sources to supply water to the troubled Urmia Lake, is near completion, head of Urmia Lake Restoration Program said…
OPEC and its oil-producing allies agreed on Saturday to extend the group’s historic production cut for an additional month in an ongoing effort to balance the global oil market. The agreement…
