Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

Oil Prices Tick Up
Oil Prices Tick Up
July 21, 2023 17:55
  • US: OPEC Has Capacity to Increase Crude Production
    The White House believes the Organization of Petroleum Exporting Countries has room to raise oil production, should an upcoming visit by President Joe Biden to the Middle East yield any agreements...
  • Water Transfer from Kanisib Dam Expected to Replenish Urmia Lake 
    The water transfer project from Kanisib Dam in Piranshahr, West Azarbaijan Province, is one of the measures to revive Urmia Lake, which will become operational in the coming months, deputy energy...
  • CNG 33% Costlier From July 12
    Compressed natural gas prices rose by 33% on July 12, the head of the Commercial Services Department at the National Iranian Oil Products Distribution Company said. “As per the directive approved...
  • Water Wells in Sistan Being Equipped With Smart Meters
    Almost 600 smart meters were installed on authorized water wells in Sistan-Baluchestan Province in 2021, the head of Public Relations Office at the provincial water and wastewater company said. "...
  • Projects to Boost SPGC Exports Underway
    Operations to develop South Pars Gas Complex in Bushehr Province are underway with the aim of enhancing gaseous products’ exports and storage, managing director of the gas complex said. “SPGC is...
  • Water Desalination Capacity to Expand in Sistan-Baluchestan
    A new desalination plant is expected to be launched in Chabahar, Sistan-Baluchestan Province, in the near future to help address the pressing water problems of the southeastern county, managing...
  • Oil Drops on China Covid Woes
    Oil prices fell on Monday in volatile trade, reversing some gains from the previous session, as markets braced for new mass Covid testing in China potentially hitting demand, a worry that...
  • Iran, Azerbaijan to Accelerate Joint Construction of Two Dams 
    The executive operations of constructing Khoda-Afarin and Qiz-Qalasi dams on the Aras River will accelerate, the energy minister said. Speaking at the end of his one-day trip to Baku, the capital...
  • Sanandaj Water Project to Come on Stream by August End 
    The project to transfer water from Azad Dam in Kurdestan Province to the Sanandaj Water Treatment Plant in the provincial capital has registered 60% progress and is expected to be completed by the...
  • Petrochem Output Near 32m Tons, Exports Earn $14b in 10 Months
    Iranian petrochemical production and exports grew by 8% and 5% respectively between July 2021 and April 2022, and reached 32 million tons and 22 million tons compared to a year ago. Based on data...
  • Belal Gas Field Development Plan Underway
    Drilling operations at an exploratory-appraisal well in the Belal Gas Field in the Persian Gulf started on Monday, the managing director of Petropars Company – the main contractor of the project,...
  • WTI, Brent Prices Bounce Back
    Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the...
  • Leachate Polluting Groundwater Tables in Gilan Province
    Due to poor and underdeveloped garbage disposal and wastewater collection infrastructure in northern Gilan Province, leachate from landfills leaks into groundwater aquifers and paddy fields, a...
  • Thermal Power Generation Tops 1.1 Billion kWh/Day
    Power generation in Iran’s thermal power plants has exceeded 1.1 billion kilowatt-hours per day, said a deputy manager at Iran's Thermal Power Plants Holding Company. “The total output of 130...
  • Daily Gas Transmission to Reach 881 mcm This Year
    The daily amount of sweet gas transmission in Iran will surpass 880 million cubic meters later this year, the managing director of Iranian Gas Transmission Company said.  
  • TPPHC Converting Seven Power Plants Into Combined-Cycles 
    Thermal Power Plants Holding Company has started converting seven single-cycle power plants into combined-cycles after it received the green light of the government’s Economic Council, deputy for...
  • Iran Biggest Supplier of Gasoline to Afghanistan 
    Iran accounts for 70% of gasoline exports to Afghanistan, the head of the Iran-Afghanistan Chamber of Commerce said. “Close to 2.5 million liters of gasoline are burnt in Afghanistan daily, of...
  • Arvand Petrochemical Company to Help Develop Downstream Industries
    The development plan underway at Arvand Petrochemical Company in Mahshahr, Khuzestan Province, will help end crude sales, develop downstream industries and create jobs, managing director of the...
  • Oil Prices Reverse Losses
    Oil prices reversed losses and edged up on Monday, as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession.  
  • Calls for Focusing on LNG Exports
    Natural gas export via pipelines will soon become a thing of the past, which makes it crucial for the National Iranian Oil Company to prioritize the export of liquefied natural gas (LNG), an energy...
  • Tehran Groundwater Overuse a Ticking Time Bomb
    Groundwater extraction from the plains in and around Tehran Province is 10 times faster than the rate at which water tables can replenish themselves, a water resources management expert said. “...
  • NIOC Gas Flaring Underway 
    The National Iranian Oil Company is implementing plans to reduce gas flaring in various oil and gas fields, the director of NIOC’s Health, Safety and Environment Department said. “With the efforts...
  • Power Consumption at New High
    Iran’s peak load record was broken on Saturday, according to Iran Grid Management Company.  
  • Iran Gas Output Ranks 3rd in 2021
    Iran ranked third in terms of gas production last year, after the US and Russia, with 256.7 billion cubic meters, according to BP’s latest annual statistical review of world energy.  The report...
  • PSEEZ Investment Hit $1.2 Billion 
    Investment in the development projects of Pars Special Economic Energy Zone in Asalouyeh, southern Bushehr Province, experienced a 40% rise in 2021 compared to a year ago, deputy director of...

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