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
  • Brent, WTI Prices Slip
    Oil prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production there may rise further, and as China, the world’s second-largest oil user,...
  • Oil Refinery, Petrochemical Plant Construction Begins on Iran's Jask Port
    Construction of a large oil refinery and petrochemical plant has begun in Jask county, Hormozgan Province, off the Sea of Oman, manager of the National Petrochemical Company’s Projects Dept said...
  • Qatar Plans to Order 60 LNG Carriers
    South Korea’s presidential office said Monday that Qatar’s energy minister outlined plans during a bilateral summit in Doha to order 60 new liquefied natural gas carriers.
  • Russia Remains China's Top Oil Supplier
    Russia remained China's top crude oil supplier in 2018 by boosting shipments 20% year on year to 1.44 million bpd, while the US ended the year with a robust 60% growth in shipments to Asia's...
  • National Iranian Drilling Company Will Drill 16 Wells in Azadegan Oilfield
    National Iranian Drilling Company is working on seven wells in Gachsaran Oilfield in Kohgiluyeh and Boyer-Ahmad Province and five wells in Naftshahr Oilfield in Kermanshah Province. Drilling 16...
  • Europe Emerges as Top Buyer of US Gas
    So far this winter, Europe has been the biggest buyer of US liquefied natural gas, and despite the fact that the key reason has been profit rather than politics, US LNG has increased its share of a...
  • Iran: Renewable Energy Making Its Mark, Reducing Greenhouse Gases
    Close to 3 billion kilowatt hours of electricity has been generated from renewable sources since mid-2009. According to state-owned Renewable Energy and Energy Efficiency Organization, aka Satba,...
  • Iranian Firm to Help Build Dam in Tanzania
    An engineering consulting company in Iran won an international tender to help construct a dam and a hydroelectric power plant in Tanzania. According to Paven, the Energy Ministry news portal,...
  • Lordegan Petrochem Plant Near Completion
    Construction of Lordegan Petrochemical Company in the western province of Chaharmahal and Bakhtiari Province has registered 94% progress and is expected to come on stream by next fall, the managing...
  • Iran's South Pars Phase 13 Supplying Ethane to Onshore Refiners
    Phase 13 of the giant South Pars Gas Field in the Persian Gulf started injecting ethane to onshore refineries in Pars Special Economic Energy Zone, operator of the phase said. Payam Motamed said...
  • OPEC to Trump: Production Cuts Helping US Oil Companies
    The head of a US shale oil company on Thursday sang the praises of OPEC for its price-bolstering production cuts of the last two years, a message the organization's secretary general Mohammed...
  • South Korea Receives No Iranian Crude for 4th Month
    South Korea imported no Iranian crude for the fourth straight month in December due to the re-imposition of US sanctions on Tehran, while intakes from the US and Kazakhstan rose sharply as...
  • Iran's Water Crisis and Dams: Opinion
    The mind boggles when officials take turns in proudly announcing that plans are underway to complete 120 dams across the country, of which 43 "must" be ready by 2022. Of the 172 dams in Iran close...
  • Russia to Attract $28b in Power Plant Upgrade
    Russia’s government approved on Thursday a ten-year modernization program for Russian power plants, expected to attract $28.8 billion in private investments in the sector, Energy Minister Alexander...
  • Mohammad Barkindo: OPEC Focus on Averting New Oil Glut
    OPEC and its allies do not rule out taking further action at their next meeting in April should oil inventories build up in the first quarter, OPEC’s secretary general told Reuters.
  • Russia Power Machines Co. Signs MOUs in Tehran
    Iranian companies active in the water and power sector signed memorandums of understanding with the Russian Power Machines Company at the weekend in Tehran. Energy Minister Reza Ardakanian pointed...
  • Venezuela's PDVSA Total Debt Declined in 2018
    Venezuela’s state-run oil company PDVSA said on Tuesday its debt fell 5% in 2018 from a year ago to $34.6 billion, though it remains in default on most of its bonds as crude output has slumped to...
  • 31 Power Plants Under Construction in Iran
    Thirty-one power plants are under construction in 27 provinces and will add 19,000 megawatts to the national capacity, the Energy Ministry said. Iran's installed power capacity has reached 82,000...
  • Iran Oil Swap Deals Await Renewal
    Crude oil and petroleum products’ swap deals have expired and are not extended yet, managing director of the Iranian Oil Pipeline and Telecommunications Company Abbas-Ali Jafari-Nasab said. Iran...
  • Iran Oil Majors Sign  $6b Contracts With Local Firms
    National Iranian South Oil Company and Iran Central Oil Fields Company, both subsidiaries of the National Iranian Oil Company, signed contracts with domestic oil and gas companies on Tuesday to...
  • Oil, Gas Executives Expect Spending Boost
    The majority of senior energy industry executives expect to maintain or increase spending this year to meet demand for oil and gas after years of austerity, a survey by DNV GL shows.
  • Gas Expansion in Kerman’s Notable Farming Region
    Oil Minister Bijan Namdar Zanganeh launched a natural gas project on Monday in Jiroft, a well-known farming city in southeast Kerman Province. Speaking on the sidelines of the inauguration...
  • 40 Water, Wastewater Treatment Plants Operational in February
    Forty water and wastewater treatment plants will be launched across the country in February, deputy for engineering and development affairs at the National Water and Wastewater Company said....
  • SPGC Produces 50% of  Iran’s Hydrocarbons
    Development of each phase in South Pars Gas Field adds to Iran's gross domestic product by 1%, managing director of the huge gas complex said. "The share of fossil fuels in Iran's energy basket is...
  • IMF Cuts 2019, 2020 Oil Price Forecast
    The International Monetary Fund Monday cut its forecast for average oil prices to just below $60 per barrel in 2019 from close to $70 per barrel in its last World Economic Outlook in October on...

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