Oil prices were mixed on Friday as China's Covid-19 lockdowns and supply disruption fears weighed on the outlook for crude demand, as Western sanctions curb crude and products exports from…
Energy
The National Iranian Oil Company is ready to conclude agreements worth $700 million with knowledge-based companies to enhance the production of 750 oil and gas wells across the country, managing…
Close to $60 million are needed to rehabilitate 7,000 qanats in the dry South Khorasan Province, the head of Water Affairs Department of Agricultural Organization said. “Of the total fund, $10…
Oil prices extended gains on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Bulgaria and Poland, while hopes of Chinese economic stimulus buoyed the demand outlook…
The financial statement of the National Petrochemical Company for the fiscal 2021-22 shows the company’s net profit doubled in that year compared to the previous year. The statement, which was…
The National Iranian Oil Company signed 28 contracts worth about $1.5 billion in 2021 with Iranian companies to collect associated petroleum gas in Khuzestan’s oilfields mainly operated by the…
As long as gasoline demand is not managed efficiently, other strategies on the supply side such as importing the fuel, building new refineries or upgrading old facilities will not yield the…
The National Iranian Drilling Company drilled 11 gas and oil wells in the oil-rich regions of Iran during the first month of the current Iranian year (March 21-April 20), the deputy director of…
The severe drought Iran experienced last year has continued in the current year (started March 21) and the two consecutive dry years have caused water levels in the dams to fall, said the…
The low density polyethylene unit of Bandar Imam Petrochemical Company in Khuzestan Province registered a production record in the last Iranian year (ended March 20, 2022). The LDPE unit of the…
Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged Covid-19 lockdowns in Shanghai and potential US rate hikes would hurt global…
Development plans at the Isfahan Oil Refining Company in central Isfahan Province are making headway to help the firm boost the production of crude oil derivatives compliant with Euro-5 emission…
The National Iranian Oil Company’s gasoline exports revenues decreased by 75% in 2021 compared to a year ago. The state-owned firm earned close to $3 billion in revenues by selling the fuel to…
Poor rainfall and growing population in recent decades have led to the reduction of Iran's groundwater reserves, such that the level of groundwater in alluvial aquifers has decreased by an…
Over 90% of the mechanical parts of Imam Khomeini Shazand Oil Refinery in Arak County, Markazi Province, have been indigenized, helping save $54 million since 2006, which would be needed to…
Although expansion of the privately-owned compressed natural gas industry can help curb gasoline consumption by 40 million liters per day, government negligence is pushing the CNG retail sector…
The National Water and Wastewater Engineering Company of Iran (Abfa) is willing to annually supply 50 million cubic meters of treated wastewater to Tehran Municipality for parks and green spaces…
The first well as a part of the development program of Forouzan offshore oilfield in the Persian Gulf has become operational, director of the field development project at the Iranian Offshore…
The construction of Iran’s first geothermal power plant in Meshkinshahr, Ardabil Province, has gained momentum as obstacles hampering the project, including financial disputes between the Energy…
The transformer of the first 162-megawatt gas unit of Mahtab Kavir Power Plant in Zarand County, Kerman Province, has become operational and the unit will be connected to the national…
Access to abundant oil and gas reserves is a unique advantage for the development of Iran’s petrochemical industry and Russian companies are welcome to use this opportunity and participate in…
Drilling operations to boost Jofeir and Sepehr oilfields’ production capacity in Khuzestan Province are being carried out by the private sector, deputy managing director of Pasargad Energy…
The National Iranian Oil Company generated $43 billion by selling oil and derivatives in international markets in 2021. Oil Minister Javad Owji made the statement on the sidelines of a ceremony…
To help meet growing power demand in summer, Iran Power Generation, Distribution and Transmission Company (Tavanir) is planning to import 600 megawatts of electricity per day from neighboring…
Water consumption in Tehran reached a peak of 3.2 billion liters per day between March 6 and April 16, up 90% compared with the same period of last year, the deputy for water and hydropower…
