Oil climbed on Friday as the dollar eased and supply risks lingered, while recession fears and China’s Covid outbreaks kept a check on prices. Brent crude futures were up $1.84, or 1.9%, to $96…
Energy
To help cut natural gas consumption as feedstock in power stations and fight the menace of air pollution, the efficiency of thermal power plants has been boosted by 3% over the last three years…
Water shortage is definitely Iran’s number one challenge and some parts of the country will face limited habitability unless adaptability measures are implemented without delay, the head of Iran…
The second refinery of South Pars Gas Complex (belonging to phases 2 and 3) increased its sweet gas and sulfur output in the first half of the current Iranian year (March-September) compared…
Oil prices rose more than 1% on Wednesday after industry data showed a surprise drop in US crude inventories, suggesting demand is holding up despite steep interest rate hikes dampening global…
Iran and Armenia signed a memorandum of understanding on Tuesday to extend a gas-for-power barter agreement until 2030. The MoU was signed in Tehran between Armenian Prime Minister Nikol…
An excess of supply in the oil market was the main reason for OPEC+ opting to cut production earlier this month, according to the group’s secretary-general. “We see a surplus in the fourth…
The completion of Turkey’s Eastern Anatolia Project (aka DAP in Turkish) will further reduce water flow to Iran through the Aras River in the northeast by at least 30%, the head of the Energy…
Russian investors and companies have finalized a contract with Iran worth $4.5 billion for the development of seven oil and gas fields in Iran and some of the projects have registered 7 to 35%…
Farmers in the east of Isfahan Province will receive water from Zayandehroud river from Nov. 16, chairman of Isfahan Chamber of Agricultural Guilds said.
Oil prices fell over $1 on Monday following weaker-than-expected factory activity data out of China and on concerns its widening Covid-19 curbs will curtail demand. Brent crude futures dropped…
The UAE’s energy minister said on Monday OPEC+ is keen on providing the world with the oil supply it needs, driving home the message that the alliance of top producers will always be in a…
Precipitation in Khorasan Razavi Province has plummeted by a massive 60% over the last two years, which is unprecedented in the past 50 years, managing director of Mashhad Water and Wastewater…
Jam Petrochemical Company participated in the world's largest trade fair for the plastics and rubber industry, K 2022, which was held on October 19-26 in Dusseldorf, Germany.
A major water supply project in Tabriz, East Azarbaijan Province, dubbed Tabriz Water Ring, has registered 80% progress and could be launched by the end of the current Iranian year (March 2023)…
The construction of steam unit at the Sahand combined-cycle power station in East Azarbaijan Province has registered a work-in-progress rate of 45% and is expected to be linked with the national…
Demand for gasoline declined by 20% in the past 30 days after summer holiday trips ended, the head of Iran Gas Station Owners Union said. “Consumption, which had soared [between July and…
Global energy giants, including Exxon Mobil Corp and Chevron Corp, posted another round of huge quarterly profits, benefiting from surging natural gas and fuel prices that have boosted inflation…
Allowing petrochemical plants to produce gasoline is the worst strategy to overcome the deficit caused by growing consumption, said former managing director of the National Iranian Oil…
Iran exported more than 7 billion cubic meters of gas to Turkey in the past nine months. According to a report by Eurostat, the EU news commission, Iran’s natural gas exports to Turkey in the…
To prevent industrial townships and households from the adverse impact of voltage fluctuations in Khuzestan Province, power projects worth $250 million have been launched, the head of Iran Power…
Plans are underway to equip all the water wells in Ilam Province with smart meters, Ilam’s governor said. “There are more than 2,000 wells in the province. Of these, 40 wells are located in the…
Close to 1,000 megawatts of new electricity generation capacity were added to the national grid, as President Ebrahim Raisi inaugurated six steam and gas units in five power stations across the…
The National Iranian Drilling Company has drilled 57 oil and gas wells in the onshore and offshore oil-rich regions of the country in the current Iranian year’s first seven months (March 21-Oct…
Oil prices eased on Wednesday after industry data showed US crude stockpiles rose more than expected, but losses were capped by supply worries. Brent crude futures for December fell 72…
