Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the…
Energy
Gas delivery to the power plants in Gilan Province have increased by 26%, reaching 252 million cubic meters in the second month of the fall (Oct. 23-Nov. 21), compared with the same period of…
The National Iranian Oil Company has discovered hydrocarbon reserves in the southwest with the help of aeromagnetic surveys (AMS) conducted by domestic knowledge-based firms, the head of NIOC’s…
Trade and economic exchanges between Iran and Tajikistan have registered a 300% growth in the first 11 months of 2022 compared to the same period of a year ago, Iran’s energy minister said at…
Khuzestan Regional Electricity Company has generated close to 30,000 megawatt hours of power between March and November, a deputy manager at the provincial power company said.
Three petrochemical projects belonging to the Persian Gulf Petrochemical Industries Company in Asalouyeh, Bushehr Province, are underway and will be completed soon. In a visit to the…
OPEC+ agreed to stick to its oil output targets at a meeting on Sunday, as oil markets struggle to assess the impact of a slowing Chinese economy on demand and a G7 price cap on Russian oil…
Petrochemical development projects worth $3 billion are underway in the western Ilam Province, managing director of the National Petrochemical Company said. “The ongoing initiatives will help…
Following a decline in temperature, natural gas consumption in the household sector has reached 600 million cubic meters per day, up 20% compared to last month when the figure was 500 mcm/d, the…
The second phase of the development plan at the Abadan Refinery in Khuzestan Province has registered 97% progress and a part of the phase is ready for launch, director of the development plan…
About 3 million smart meters are expected to be installed across Iran for high-consuming subscribers in agricultural, industrial and household sectors by next fall, the head of Iran Power…
Iraq has settled all payments related to purchases from the National Iranian Gas Company, the Iranian oil minister said. “Last year, we received about €1 billion [$1.05 billion] and this…
The construction operation of Karoun Nuclear Power Plant in Shadegan County in Khuzestan Province has started, the head of the Atomic Energy Organization of Iran said on Saturday. “The 300-…
Iran and Turkmenistan have agreed to boost power exchange by laying a new transmission line and renewing power trade agreement in 2023.
OPEC and non-OPEC oil producers could impose deeper oil output cuts on Sunday, energy analysts said, as the influential energy alliance weighs the impact of a pending ban on Russia’s crude…
To help improve the quality of drinking water in Kurdestan Province, President Ebrahim Raisi inaugurated a project to pump water from Azad Dam to Sanandaj water treatment plant on Thursday, the…
Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, seeks to increase annual output to 2 million tons of products this year (March 2022-23), managing director of the company said…
Catalysts needed by Shahid Tondgouyan Petrochemical Company in Khuzestan Province are being produced in collaboration with domestic knowledge-based firms, the head of STPC’s Research and…
The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change, a source with direct knowledge of the matter said on Wednesday.
Iran’s export of oil byproducts and petrochemical goods to Iraq have declined by 22% or $1.4 billion between March and October compared with the same period of last year, a board member of the…
A project to transfer water from the Oman Sea in southern Iran to tackle the water crisis in parched Sistan-Baluchestan, South Khorasan and Khorasan Razavi provinces has registered a work-in-…
The construction of Sohrevardi Safahan Petro-Refining Company, a subsidiary of Isfahan Oil Refinery, has started in Isfahan and is expected to be completed in four years, managing director of…
Arvand Petrochemical Company in Mahshahr, Khuzestan Province, plans to indigenize all the required catalysts and chemicals with the help of domestic knowledge-based companies. The company has…
The Thermal Power Plants Holding Company plans to build seven medium-scale power stations in five provinces to help sustain the supply of electricity in the remote regions of Iran, director of…
To underpin the sustainable supply of feedstock to petrochemical plants in Ilam Province, the delayed Dehloran natural gas liquid (NGL 3100) project has entered the pilot phase and the facility…
