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
  • Gas Supplies in Iran at Record Highs
    Natural gas supply has increased by 75 million cubic meters a day since Nov 2019, dispatching director of the National Iranian Gas Company said. “NIGC is now delivering 850 mcm of gas per day...
  • Power Plant With F-Class Gas Turbine to Be Launched in Feb.
    The first gas unit of Hengam Power Plant in Bandar Abbas, Hormozgan Province, with 307-megawatt capacity will come online in February, managing director of Iran's Thermal Power Plants Holding...
  • Oil Jumps to Highest in Over a Week After Libyan Shutdowns
    Oil prices rose to their highest in more than week on Monday after two large crude production bases in Libya began shutting down amid a military blockade, setting the stage for crude flows from the...
  • Iran Power Industry: Exports Up, Imports Down
    The pattern of power exports over the past three years is worthy of appreciation because, among other things, it indicates judicious domestic electricity consumption. Consumption declined by an...
  • Freezing Temperatures Push Up Gas Consumption
    Gas consumption in the household sector is expected to surpass 600 million cubic meters (per day) as cold spell is sweeping across many regions, head of the public relations office of the National...
  • Norway Oil Output at 9-Year High
    The start-up of the massive Johan Sverdrup oilfield sent Norway’s oil production rising to a nine-year high in December 2019, beating the authorities’ forecast by 12.7%, data from the Norwegian...
  • Need to Reduce Water Evaporation in Iran Dams
    A whopping 3 billion cubic meters of water evaporates annually from dams nationwide, head of water technology development workgroup at the Presidential Office for Science and Technology said. “As...
  • OPEC Secretary General:  Oil Demand Has Upside Potential
    Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the...
  • Gas Supply to Industries, Petrochem Plants, Power Sectors Hits a Wall
    The sharp rise in household gas consumption due to the cold weather has resulted in cutting gas supply to other sectors, including cement factories and power plants. In the past week feedstock (...
  • Iran's Petrochem Sector Using Indigenized Catalysts
    Iran will have produced $215 million worth of catalysts for the petrochemical industry by 2022, managing director of the Petrochemical Research and Technology Company said. “PRTC is striving to...
  • Brent, WTI Prices Remain Steady
    Oil prices edged higher on Friday but were set to end the week broadly steady as sluggish economic growth in China, the world’s biggest crude importer, raised concerns about fuel demand and...
  • China Annual Crude Import Sets Record for 17th Year
    China’s crude oil imports in 2019 surged 9.5% from a year earlier, setting a record for a 17th straight year, as demand growth from new refineries built last year propelled purchases by the world’s...
  • Dynamics of the Petrochemical Industry
    Reports on the progress of the huge petrochemical industry in Iran are regularly fed into by the media in and outside the country.  There is no denying the fact that this sector and gas companies...
  • Manjil Wind Power Making Its Mark
    Electricity generated in Manjil wind farm in Gilan Province (with an installed capacity of 90 megawatts), surged 80% in 2019 compared to the year before, head of the provincial power company said...
  • Indigenized Petrochemical Plant Opens 2nd Phase
    The second phase of Takht-e-Jamshid Petrochemical Plant in Mahshahr, Khuzestan Province, was launched Tuesday. It will produce 73,000 tons of polybutadiene rubber (PBR) and 20,000 tons of latex a...
  • Utility Going After Water Theft
    An estimated 1.5 billion cubic meters of water is consumed in Tehran Province annually, of which 25% or 30 million cubic meters/year is used by households that illegally tap into the water mains...
  • Venezuela Using Foreign Partners to Sell Oil
    Venezuela’s state-owned oil firm PDVSA is moving to market its crude oil overseas by enlisting its joint venture partners, including US supermajor Chevron, to sell cargoes to buyers in Asia and...
  • Oil Rises as Mideast Tensions Ease
    Oil prices rose slightly on Monday as investors shift their focus away from easing Mideast tensions to this week’s scheduled signing of an initial US-China trade deal which could boost economic...
  • Water Levels in Southern Dams Rising After Years
    Deluge in the past few days in southern and southeastern Iran has inflicted damages on cities, villages and roads and endangered lives. But at the same time it has helped fill dams that saw little...
  • Gas Delivery to Power Plants Cut by Half
    Natural gas delivery to thermal power plants has halved with the aim of sustaining and stabilizing natural gas supply to households in the winter season, director for technical support at the...
  • Tehran Power Plants Prepare for Summer
    Three thermal power plants in Tehran, namely Tarasht in west and Rey and Besat in the south, provide electricity to the megalopolis. However, since the start of fall and with decline in consumption...
  • Fresh Impetus for Siraf Refining Park
    To speed up the development of Siraf Refining Park, a major downstream project in the city of Siraf in southern Bushehr Province, an a agreement was signed between Siraf Refining Park Firm in...
  • Limited Buyers for Treated Wastewater in Bandar Abbas
    Large volumes of treated wastewater from Bandar Abbas Wastewater Treatment Plant in Hormozgan Province is piped to industries in the west of the key port city and is largely used for green spaces,...
  • Lessons in Water Conservation Must Start From Our Schools
    Using water more efficiently demands a paradigm shift and an ethical revolution in addition to technical solutions, managing director of Tehran Regional Water Company said. Truth be told “water...
  • UAE Minister: Slowing US Shale Growth, Easing Trade Tensions to Boost Oil Market
    US shale production will be flat or even decline by 2021, and global oil demand is healthier this year than it was in 2019, UAE Energy Minister Suhail al-Mazrouei said Saturday.  

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