The construction of Golestan Petrochemical Plant in Golestan Province, which has been halted for several years due to financial constraints, will resume soon. The executive operations to build…
Energy
The National Iranian Drilling Company has drilled 158 onshore and offshore oil and gas wells across Iran in the past 20 months. The length of the drilling operations reached 132,000 meters in…
A total of 50 billion liters of crude oil and petroleum products were transferred via pipelines from Tehran to northern regions, namely Gilan and Mazandaran provinces in the last fiscal year (…
Oil fell on Monday as concern over the economic impact of the US Federal Reserve potentially raising interest rates and weaker Chinese manufacturing data outweighed support from new OPEC+ supply…
The executive operations of Namin Petrochemical Complex in Namin County, Ardabil Province, is almost complete, but its launch will depend on meeting environmental standards, the director general…
Ilam Gas Refining Company reduced its gas flaring last year (March 2022-23) by 33% compared to the previous year, the managing director of the refinery said.
South Pars Gas Complex in Bushehr Province supplies 10,000 tons of ethane on a daily basis to petrochemical plants located in the region, the managing director of the complex said.
To encourage private power producers, the Renewable Energy and Energy Efficiency Organization (Satba) has changed the previous model that guaranteed electricity purchase for 20 years, managing…
Electricity consumption nationwide jumped to 49,000 MW on Saturday, up 8,000 MW compared with the same period in 2022 and this is while the hot season has not started yet. According to data…
The volume of gas transmission across the country in the last Iranian year (March 2022-23) increased by 2% compared to the previous year, the managing director of Iranian Gas Transmission…
In line with policies to shoulder its corporate social responsibility (CSR), the Oil Ministry is undertaking projects worth $600 million in western and southern oil-rich provinces, the oil…
As per the Cabinet directive issued in 2022, all state-run offices are obliged to generate 20% of their power via renewable energies, especially solar photovoltaic …
Several petroleum, power and water projects in Khuzestan Province were inaugurated on the weekend in the presence of President Ebrahim Raisi. A total of 15 oil and gas projects worth $3 billion…
Operations to complete three artificial groundwater recharge projects in the drought-stricken South Khorasan Province have made 50% progress, the managing director of …
Executive operations for the construction of two chlorine production units have started in Khuzestan Province, the minister of cooperatives, labor and social welfare…
Ground resources, including water tables and aquifers, in Iran are suffering from tremendous pressure as their share in the country’s annual water supply has surpassed a massive 55% or…
Oil rose on Wednesday after plunging more than 2% in the previous session, as reports of falling US crude oil and fuel inventories refocused investors on robust demand in the world's top oil…
Following the implementation of development plans last year (March 2022-2023), Karoun Oil and Gas Production Company increased its oil output by 340,000 barrels per day. The company’s oil…
Three aviation fuel stations are under construction in Kalaleh in Golestan Province, Parsabad in Ardabil Province and on Abu Musa Island in Hormozgan Province, the head of the Airplane Refueling…
In the current fiscal 2023-24, one petrochemical project on average will be launched across the country per month, the managing director of the National Petrochemical Company said on Monday.
To help collect associated petroleum gases from western oil and gas fields, Iran’s first natural gas liquid plant, named NGL 3200, has been completed and will be launched soon in Khuzestan…
Iran’s Oil Minister Javad Owji and Russian Deputy Prime Minister Alexander Novak, as the heads of Iran-Russia Economic Commission, held phone talks on Monday and discussed bilateral cooperation…
Plans are underway to build 24 thermal units by September to meet rising demand during the upcoming summer. The construction of new units will help add over 7,000 megawatts to the current…
Takhte Jamshid Petrochemical Company in Mahshahr, Khuzestan Province, has registered an impressive rise in output in the first six months of the fiscal year ending Sept. 22.
Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on…
