Estimates show that Iran’s electricity consumption will be around 78,000 megawatts in the next five years, and in case the current level of electricity generation does not increase, the country…
Energy
Tabriz Oil Refinery in East Azarbaijan Province has invested $500 million in development projects over the last 10 years to be able to compete with rivals in international markets, managing…
Demand for gasoline soared by 40% in the first four months of the current fiscal year (March 2021-22) compared with the corresponding period of last year and this is while deaths caused by the…
Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the unfair US sanctions on the country…
Executive operations to harmonize Iran and Russia’s electricity grids are expected to start in September, a deputy energy minister said. “Feasibility studies on the synchronization of the two…
A loading pier for liquefied petroleum gas export was inaugurated by President Hassan Rouhani via videoconference on Monday in the Pars Kangan (Tombak Port) region of Pars Special Energy…
The Energy Ministry has categorically denied claims that it is exporting water from Khuzestan Province to the Persian Gulf littoral states like Kuwait.
Oil and gas extraction from joint fields, including the giant South Pars Gas Field in the Persian Gulf and West Karoun Oil Block in the southern Khuzestan Province, has increased substantially…
The first floating solar farm in Tehran became operational in the South Wastewater Treatment Plant, the head of project control office in the Renewable Energy and Energy Efficiency Company (…
The project to link Khesht Oilfield in Fars Province to Bandar Genaveh Terminal in Bushehr Province via a 100-kilometer pipeline will be completed by the end of the current Iranian year (March…
The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, has drilled 28 offshore and onshore oil and gas wells (22,000 meters) nationwide since the beginning of the…
Oil prices dropped on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in…
All urban population and 96% of rural regions in Kurdestan Province are linked to the natural gas grid, managing director of the provincial gas company said.
The National Iranian Oil Company imported $2.7 billion worth of petroleum products, including gasoline and diesel, in 2017, but as local refineries boosted output, the imports followed a…
The first phase of the wastewater treatment plant of Damavand Petrochemical Utility Plant in Asalouyeh, Bushehr Province, was launched on Monday. The facility has the capacity to treat 130…
Iran is the only country in the world where 20% of the annual GDP ($100 billion) are spent on energy consumption subsidies, the vice president of Iran Electrical Industry Syndicate said. “As…
South Pars Gas Complex produced 251 million barrels of gas condensates in 2020, managing director of the major gas complex said. "Output showed 5% or 9 million-barrel growth compared with the…
Several power and water projects were inaugurated in Fars Province on Saturday. Hayghar Dam in Firouzabad County, Fars Province, is one of the projects that helps irrigate 1,000 hectares in the…
Oil prices were little changed on Monday, as investors balanced concerns about fuel demand from the spread of Covid-19 variants and floods in China against expectations of tight supplies through…
Khorasan Petrochemical Complex in North Khorasan Province produced 257,000 tons of chemical products in the first quarter of the current Iranian year (started March 21), which was up 58%…
The construction and installation of six hydrocarbon storage tanks at the Persian Gulf Bidboland Gas Refinery in the southern Khuzestan Province is expected to become complete by fall.
Tabriz Petrochemical Company in East Azarbaijan Province has set a record in polyethylene production. The polyethylene unit of the company produced 35,194 tons of high-density and low-density…
A new export terminal was officially inaugurated at Jask Port, Hormozgan Province, on Thursday, allowing Iran to export its crude oil beyond the Strait of Hormuz, and the export of the first…
The first phase of a project is underway to transfer desalinated water from Parsian Special Economic Energy Zone in southern Hormozgan Province in the Persian Gulf to Lamard Special Economic…
US investment bank Goldman Sachs said the OPEC+ agreement to boost oil supplies supports its view on oil prices and expects a modest “upside” from its summer forecast for Brent to reach $80 a…
