Isfahan Oil Refining Company has indigenized 350 equipment used in its various sections with the assistance of local experts. The production of parts cost less than 1$ million and has…
Energy
Curbing water use in agriculture, which is the most water-intensive sector, is necessary and the failure to do so will have catastrophic consequences, a leading climatologist and a university…
Iran’s natural gas production will reach 940 million cubic meters per day during winter when consumption of the domestic, commercial, industrial and power plants rises, managing director of the…
Shahid Tondgouyan Petrochemical Company in Khuzestan Province has set a record in the production of polyethylene terephthalate (PET) products during the first seven months of the current Iranian…
There is a direct link between economic growth and power consumption, such that economy cannot boom as long as electricity is not used efficiently. Energy Minister Ali Akbar Mehrabian…
Oil prices edged up on Friday but were headed for their first weekly losses in at least eight weeks after US oil stocks rose more than expected and Iran flagged it was resuming talks with…
Fajr Jam Gas Refining Company processed 10.5 billion cubic meters of gas in the first half of the current Iranian year (started March 21), which is 6% higher compared with the same period of…
Shiraz Petrochemical Company in the southern Fars Province generated an operating income of $200 million in the first half of the current Iranian year (March 21-Sept. 22), which was 106% more…
Lack of investment has severely impaired the National Iranian Oil Company’s ability to process crude, which explains the firm’s declining refining capacity over the past eight years.
More than $130 million will be allocated to the power and water projects in Ardabil Province within three years to address electricity and water issues in the province, the energy minister said…
Precipitation in Tehran Province has plummeted by a massive 97% since Sept. 23 (beginning of the current water year), which is unprecedented in the last 50 years, deputy for water and hydropower…
Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world, as…
Per capita gasoline consumption in Iran, with a population of 83 million, is above the global average. According to IRNA and based on data from the Oil Ministry and the National Iranian Oil…
Construction work to channel water from Zab River along the western borders to the troubled Lake Urmia in the northwest has registered 90% progress and is expected to come on stream in February…
Nearly $80 billion have been invested in the upstream sector of South Pars Gas Field in the Persian Gulf so far, but more is needed to complete the unfinished phases in the huge field, managing…
South Pars Gas Field’s products, including gas condensates, natural gas and derivatives, accounted for 50% of government revenues in 2020, the managing director of South Pars Gas Complex said.…
More than 32 million tons of various petrochemical products were produced in the first half of the current fiscal year in Iran (March 21-Sept. 22), the production control manager of the National…
In line with Iran’s move toward sustainable energy, solar power can assist its adoption of technological innovation and help generate employment.
The volume of natural gas consumed by 67 petrochemical companies in Iran is negligible compared to the industry’s revenue-generating potential.
OPEC+ compliance with oil cuts fell slightly in September, sources said, indicating that as the alliance raises production targets, some members are still falling short as they face challenges…
The project to build Astara Rubber Dam in Astara County, Gilan Province, has registered 53% physical progress while its construction started four years ago and was supposed to be completed in 18…
Oil prices hit their highest level in years on Monday, as demand recovers from the Covid-19 pandemic, boosted by more customers turning away from expensive gas and coal to fuel oil and diesel.…
Karkheh hydroelectric power plant in Khuzestan Province has gone off the grid because of water shortage, the head of the power station said.
The Persian Gulf Petrochemical Industries Company earned $2.4 billion from petrochemical export in the first half of the current Iranian year (March 21-Sept. 22), managing director of the…
Iran’s largest biogas power plant in South Wastewater Treatment Plant in the capital generates 9 million kilowatts of power per year, a deputy of Tehran Province's Water and Wastewater Company…
