With the pattern of declining rainfall and by extension less hydropower production, the government is expecting power deficit of 3,000 megawatts. A spokesman for the Energy Ministry said…
Energy
Production of Euro-5 compliant gasoline at the Persian Gulf Star Refinery, a subsidiary the National Iranian Oil Refining and Distribution Company, in Bandar Abbas, has exceeded 47 million…
Bu Ali Sina Petrochemical Company in Khuzestan Province produced 610,000 tons of benzene in the last Persian calendar year (March 2020-2021) up 8% compared to the previous year, the commercial…
The National Petrochemical Company and its subsidiaries invested $30 million in programs to help protect the environment in 2020, the health, safety and environment (HSE) director said.
Two dams were built in southern Bushehr Province in eight years and six more are under construction. Bushehr lacks efficient infrastructure to collect and conserve surface runoff after…
Oil prices climbed on Friday, buoyed by hopes demand will recover as economic growth picks up and lockdowns ease, but worries about India's surging second wave of Covid-19 cases limited gains.…
The first water market pilot scheme in Iran is planned in some regions, namely Khorasan Razavi Province, in summer and will be expanded if the results are positive, director of the National…
A deep water well with a depth of 3,000 meters has been drilled in Sistan-Baluchestan Province and another is being drilled, a Zabol lawmaker said. “Fifteen such wells will be drilled in the…
Oil prices fell for a second day on Wednesday, weighed down by concerns that surging Covid-19 cases in India will drive down fuel demand in the world's third-biggest oil importer. Brent crude…
Absence of energy diplomacy is one root cause of shortfalls and lack of decent growth in the key power sector, a veteran economist says.
The Iran Power Plant Repair Company have manufactured a rotor of steam turbines, the CEO said. “The rotor that will be installed on 82.5 MW turbines cost $1.5 million and was built in six…
The 7% rise in water and electricity prices that take effect as of today (April 21) is no panacea for the deepening financial issues that have impaired the Energy Ministry, head of the Iran…
The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, drilled 116 oil and gas wells in the last Persian calendar year (March 2020-2021), the managing director said…
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along…
A well at the Esfand Oil Field in the Persian Gulf has become operational, managing director of Drilling Company International, the executive arm of PetroIran Development Company, said.
Due to unprecedented low precipitation last winter output from 60 hydroelectric power plants in Iran is projected to decline by at least 30% between June and September compared to a year ago.…
A 5.9-magnitude earthquake which hit the southern province of Bushehr on Sunday partially damaged facilities of Gachsaran Oil and Gas Company. Houshang Seidali, head of the company, the temblor…
South Khorasan Province has been suffering from low levels of precipitation for two consecutive decades and almost 91% of the eastern province is affected by drought, director general of the…
Iran and China signed a 25-year “Comprehensive Strategic Partnership” last month that is likely to result, among other things, in increased oil flow from Iran to the world’s second economic…
The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting Paris Agreement goals, a consultancy said.
The water level in Iran’s largest inland body of water (Lake Urmia) which was showed marked improvement in 2020, is falling, head of the Urmia Lake Restoration Project said. “The current…
Jam Petrochemical Company in Asalouyeh, Bushehr Province set a new record in production of olefin products last Persian calendar year (March 2020-2021), producing over 1.22 million tons of…
The Parsian Sepehr Gas Refinery became operational on Thursday in Fars Province, head of the company’s board of directors said.
In the past Iranian calendar year (March 2020-2021), 476 solar water heaters were installed gratis in Kohgiluyeh-Boyerahmad rural areas not linked to the gas grid, director general of the…
The second phase of Firouz Bahram Wastewater Treatment Plan in southwest Tehran is near completion and set to become operational in summer, head of the state-owned Tehran Province Water and…
