Annual natural gas extraction from the giant South Pars Gas Field in the Persian Gulf has rocketed by a massive 2,000% over the last 18 years, the managing director of Pars Oil and Gas Company,…
Energy
Khorasan Petrochemical Company in North Khorasan Province plans to implement a development project for increasing output, managing director of the company said.
Oil prices pushed higher on Friday, taking Brent to near $70 a barrel as firm US economic data and expectations of a strong rebound in global fuel demand in the third quarter underpinned the…
Iran is cooperating with the member states of the Regional Center for Urban Water Management for upgrading urban water management, utilizing new technologies in water and wastewater fields and…
A total of 19 oil and gas fields, including 48 reservoirs, were discovered over the past eight years, said the head of Exploration Department at the National Iranian Oil Company.
While power consumption during peak hours rose by less than 5% between 2010 and 2020, Iran's peak demand jumped by 20% in the current fiscal year (started March 21), said a deputy manager at…
Iran may be holding as much as 69 million barrels of oil at sea, according to estimates from E.A. Gibson Shipbrokers Ltd., a London-based broker. It is hard to be sure exactly how big the…
A contract has been signed by Petropars Group and Dana Energy Company, based on which 10 new wells will be drilled in South Azadegan Oilfield in Khuzestan Province by Dana, the managing director…
A water tunnel project became operational in Kurdestan Province on Tuesday to help raise agricultural output, deputy energy minister for water and wastewater affairs said.
Oil futures edged higher during mid-morning trade in Asia on Tuesday, extending overnight gains, as some uncertainty emerged over the restoration of Iran’s Joint Comprehensive Plan of Action,…
Iran was the third country with the highest volume of gas flaring in the world last year, accounting for 9.3% of the total global flaring. Although the annual flaring in Iran dropped to 13.3…
The first phase of a pilot plan to inject nanofluids into oil reservoirs started on Sunday in Belal Oilfield near Lavan Island in Hormozgan Province off the Persian Gulf, the plan’s manager…
Oil prices rose on Monday as a storm formed in the Gulf of Mexico and Iran said a three-month nuclear monitoring deal had expired, raising doubts about the future of indirect talks that could…
Over 45 million cubic meters of drinking water in Hormozgan are supplied annually through desalination. Currently, 26% of the province's water needs are met through the purification of seawater…
Power plants in Hormozgan Province are using indigenous parts and equipment made by domestic manufacturers, managing director of Bandar Abbas Power Generation Company said.
The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, has drilled 17 oil and gas wells in the West Karoun oil block since the beginning of the current Iranian year…
Kamandan Dam in Azna County, Lorestan Province, will be launched by the end of the current Iranian year (March 2022. With a water storage capacity of 28 million cubic meters, Kamandan Dam will…
The global oil demand has already increased to 95 million barrels per day and the market is rebalancing, according to the chief executive of the Abu Dhabi National Oil Company, Sultan Ahmed Al…
The guaranteed purchase price paid by the government for renewable power generated by private companies has, on average, increased by 40%.
Researchers at Amirkabir University of Technology in Tehran, in collaboration with Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, have designed and produced a more efficient…
Iran's once rich ecosystem has become a victim of ill-advised and harmful decisions in the past four decades and those in charge must be held accountable for the devastation of natural resources…
Ten petrochemical projects are underway and expected to be completed by 2022 to boost output to 100 million tons a year from the current 90 million tons, the oil minister said.
Oil prices fell more than 2% on Thursday, marking a third day of losses, after diplomats said progress was made toward a deal to lift US sanctions on Iran, which could boost crude supply.
With the onset of summer and rising power consumption rise in the capital, sporadic power cuts have started in Tehran, Alborz and Qom provinces, the spokesman for the Iran Power Generation,…
A $70 million contract was signed between Sonqor Chemical Industries Company and two local firms to build Iran’s first methylamine plant, director of the Iranian Investment Petrochemical Group…
