Oil rose on Tuesday to hit $70 a barrel for the first time since March, as expectations of demand recovery following reopening of the European and US economies offset concern over spreading…
Energy
Following completion of a key oil export pipeline that bypasses the Strait of Hormuz, the National Iranian Oil Company will start exporting crude oil from its new terminal at Jask off the Oman…
Ten private companies in Hamedan Province have got permits from the Renewable Energy and Energy Efficiency Organization (Satba) to construct solar power plants in the western province, managing…
The knowledge-based Ati Iranian Composite Company has started manufacturing composite oxygen cylinders that weigh less and withstand higher gas pressure compared to the usual metal cylinders.
Oil prices were little changed on Monday, trading in a tight range as European economic reopenings offset gloom from surging Covid-19 cases in Asia, fresh restrictions and underwhelming Chinese…
Two small-scale photovoltaic power stations (2 MW capacity) have been synchronized with the national grid in Isfahan Province. Located in Talkhuncheh, a city in Mobarakeh County, the plants…
Gas production in Khangiran Gas Field in Khorasan Razavi Province will increase by 1.4 million cubic meters per day by next March, managing director of the East Oil and Gas Production Company…
The National Iranian Oil Company signed an agreement with the domestic oil company Petropars to develop the Farzad B Gas Field in the Persian Gulf that is shared with Saudi Arabia. The $1.8…
Challenges in the face of water shortages in Iran have been long dubbed as a major crisis but the reality is that the country now is on the verge of water bankruptcy, the chairman of the…
The first phase of Ibn Sina Petrochemical Company in Mahshahr, Khuzestan Province, will be launched in the near future to complete the butane value chain, managing director of the company said…
Oil extraction from the shared West Karoun block in southern Khuzestan Province has reached 420 barrels per day – a six-fold increase compared to 2013. Quoting Oil Ministry data, IRNA said the…
Construction of two petrochemical plants to produce ethylene oxide (EtO) and ethylene propylene diene monomer (EPDM) rubber will begin in Andimeshk, Khuzestan Province, director of Iranian…
A project to drill oil in the Moghan Plain, Ardabil Province, will start by July, the project manager said. “An onshore drilling rig owned by the National Iranian Drilling Company is on the way…
Navidsahand Company, a knowledge-based company in Tabriz, East Azarbaijan Province, has indigenized two advanced multistage centrifugal pumps used in the oil and gas industry, the managing…
Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations…
Nomad families have taken delivery of 60,0000 portable solar power generators in the last three years, the deputy head of Nomadic Affairs Organization said. “Of the total 250,000 nomad…
Researchers and engineers at Atieh Pardazan Sharif Company, a knowledge-based firm, have manufactured a seawater electrochlorination system that can treat and disinfect saline water and provide…
Natural gas condensates output is expected to double by the end of the calendar year next March, the state news agency reported. An estimated 650,000 barrels of gas condensates are…
Construction of Khorramrud Dam in Tuyserkan County, Hamedan Province, has made 40% physical progress, the managing director of Hamedan Regional Water Company said. “Built on a namesake river,…
Oil rose on Monday after major US fuel pipeline operator Colonial Pipeline had to shut fuel pipelines due to a cyberattack, raising concerns about supply disruption and pump price increases.
Iran’s state and private sector electricity producers are willing to help rehabilitate Iraq’s crumbling power infrastructure but the Baghdad government does not seem interested, the energy…
A resurgent Iran pumped its largest volume of crude in almost two years in April, while an increasingly compliance-challenged Russia also boosted its output yet again, bringing total production…
Desalination in the southern Bushehr Province increased 2.5 fold in the past three years but is not enough, head of the provincial Water and Wastewater Company said. “Two desalination units…
A number of unnamed petrochemical company managers in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province have been charged with violating environmental standards and will be in…
Production of polyethylene terephthalate, better known as PET, at Shahid Tondgouyan Petrochemical Company topped 107,000 tons in the first month of the current Persian calendar year (March 21-…
