Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
July 21, 2023 17:55
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May 07,2022The gas unit of Qeshm Pasargad Combined-Cycle Power Plant on Qeshm Island, Hormozgan Province, has come on stream to help stabilize power supply in the Persian Gulf’s largest island. “An... -
May 07,2022Iran entered a period of dry spells 20 years ago and the long-term drought is expected to last at least for 10 more years, the head of Geological Survey and Mineral Exploration said. “Under such...
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May 06,2022Subsea pipe-laying operations are underway to connect the Persian Gulf’s largest island, Qeshm, to the national gas grid, managing director of Iran Gas Engineering and Development Company said. “...
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May 06,2022Iran has planned to increase crude oil production capacity to 5.7 million barrels per day in the next eight years, managing director of the National Iranian Oil Company said. “The rise in capacity...
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May 06,2022An estimated 14 million cubic meters of natural gas per day will be extracted from Phase 11 of the South Pars Gas Field in the Persian Gulf by the end of the current Iranian year (March 2022-23),...
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May 06,2022Oil producer group OPEC+ on Thursday agreed to rubber-stamp another small production increase for June, amid persistent concerns over weaker Chinese demand and shortly after the world’s largest...
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April 30,2022The main reason behind outbound diesel smuggling is the substantial gap between the fuel price in Iran and that of its neighboring nations, director of the National Iranian Oil Refining and...
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April 30,2022The total amount of water stored in the six large dams of Isfahan Province has reached 428 million cubic meters, director of operation and maintenance of water facilities at Isfahan Regional Water...
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April 30,2022Desalination projects worth $160 million are underway across the southern Bushehr Province with a total capacity of 160,000 cubic meters per day, of which 40% will soon go on stream, the head of...
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April 29,2022Oil 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 Russia...
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April 29,2022About $7 million have been invested for the construction of Balakhanlou Dam in Buin-Zahra City, Qazvin Province, and it is expected to be completed by 2023, the energy minister said. “The dam will...
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April 29,2022The 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...
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April 27,2022Close 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...
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April 27,2022The 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...
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April 27,2022Oil 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.
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April 27,2022The 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...
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April 26,2022The 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...
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April 26,2022As 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 desired...
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April 26,2022The 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 director...
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April 25,2022The 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...
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April 25,2022Development 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...
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April 25,2022Oil 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...
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April 25,2022The 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...
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April 24,2022Poor 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 average...
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April 24,2022Although 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 to...
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