National Iranian Gas Company, a subsidiary of the National Iranian Oil Company, has invested $4 billion to fast track the indigenization of 29 vital equipment in collaboration with domestic…
Energy
In the first five months of the current Iranian year (March 21-Aug. 20), 22 villages in Yazd Province have been connected to the national gas network. Gas supply to 93 more villages in…
Persian Gulf Bidboland Gas Refining Company has replaced its foreign-made antifoam with domestic counterpart to save time and expenses. Antifoam is an important control substance in the process…
Oil prices reversed out of a seven-day losing stretch on Monday as investors punted on crude at bargain levels, as lingering fears over how a surge in global Covid-19 cases might affect…
President Ebrahim Raeisi said Iran is not concerned about finding customers for its oil and it has different options to continue the export of crude and oil derivatives.
Over 30 projects have been planned to reduce the import of petrochemical products worth over $1 billion, the National Petrochemical Company’s director for planning and development said. “…
The National Iranian Oil Company’s crude production has experienced a 37% increase in the first five months of the current fiscal year (March 21-Aug. 20) compared with the corresponding period…
Power production from hydropower plants in Khuzestan Province has hit rock bottom, a deputy manager of the provincial power company said. “Several hydroelectric power plants, including Karoun 1…
Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, plans to install a new distillation tower and when it is up and running, the company’s annual profits will increase by $50…
Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened fuel demand worldwide due to a…
The drilling operations for four new wells as part of the development project to increase the production of Nargesi Oilfield in southern Iran has been completed. With the pipe-laying process…
The National Iranian Oil Company's gasoline exports to neighboring states in the first four months of the current fiscal year (March 21-July 22) dipped sharply compared with the corresponding…
The world’s largest sovereign wealth fund, Norway’s $1.4 trillion Government Pension Fund Global, should ask the companies it is invested in when it comes to reaching their 2050 net-zero…
Plans to supply desalinated water from the Persian Gulf and Caspian Sea to the arid and drought-hit plains of central Iran will only offer a temporary solution and cannot help fight drought in…
Consumption of mazut as feedstock in Tehran’s power plants is virtually zero, the Thermal Power Plants Holding Company’s deputy for renovation affairs said.
As a part of the development program of Forouzan offshore oilfield in the Persian Gulf, the QB topside of FYA platform in the field has been installed on the QA topside. The installation of the…
Power sectors in Iraq, Pakistan and Afghanistan, the biggest customers of Iran's electricity, are monopolized by their governments and they are interested in concluding deals with the state-run…
Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply, as surging cases of Covid-19 worldwide…
A new 10-megawatt solar farm came on stream on Wednesday in Kushk Rural District in Khatam County of Yazd Province, managing director of Yazd Regional Electricity Company said.
Electricity consumption in Iran sets a record on Tuesday by exceeding 67,000 megawatts, spokesman of Iran Power Generation, Distribution and Transmission Company (Tavanir) said. Power…
The shortage of intravenous serum in drugstores and clinics has nothing to do with power cuts, the spokesman of Iran Power Generation, Distribution and Transmission Company (Tavanir) said.
Close to 50% of Hormozgan Province's water are supplied through desalination and the rest is provided by surface and groundwater resources, managing director of the provincial Water and…
Babolsar County in Mazandaran Province will receive water from Alborz Dam, also known as Lafour Dam, by the end of August, managing director of the provincial regional water company said.
Aryan Steel Company located in Bouin-Zahra County, Qazvin Province, signed an agreement on Monday with state-owned Qazvin Province Water and Wastewater Company (a subsidiary of the National…
Revenues generated by selling petrochemical products in domestic and international markets are predicted to reach $21.5 billion by the end of the current fiscal year (March 2021-22), managing…
