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August 10,2020
Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the US economic recovery capped...
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August 10,2020
Natural gas consumption has reached 85 billion cubic meters since the beginning of the current fiscal in late March, up 4% compared to the same period in 2019, head of National Iranian Gas Company...
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August 10,2020
Iraq made its strongest commitment yet to implement deep cuts in crude production after the country’s oil minister and his Saudi counterpart held a phone call late Saturday.
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August 09,2020
Nirou Chlor Company, a subsidiary of Tamin Petroleum and Petrochemical Investment Company, exported 5,000 tons of chemicals to Europe since the beginning of the current year (March 20) despite the...
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August 09,2020
Three fuel depots in the vicinity of Tehran are safe and there is no need for relocation, head of the National Iranian Oil Products Distribution Company (NIOPDC) said.
“Shahran fuel depot in...
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August 08,2020
Construction of Nematabad Dam in Hamedan Province is almost complete and is scheduled to be launched in two months, managing director of Hamedan Regional Water Company said.
“The dam was built at...
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August 08,2020
With the launch of 13 petrochemical projects by March, Iran’s petrochemical production capacity will reach 90 million tons per year from the current 70 million tons.
Ten more projects are...
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August 08,2020
BP will sell oil and gas assets to fund its ambitious low-carbon strategy even if prices improve, three unnamed sources told Reuters.
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August 05,2020
National Iranian Gas Company’s annual gas output will increase by at least 22% by 2021, head of the state-run NIGC said.
“Total natural gas production amounted to 270 billion cubic meters in 2019...
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August 05,2020
An estimated 90% of the renewable water resources in Markazi Province is consumed in the agriculture sector, managing director of Markazi Regional Water Company said.
This is while, a large part...
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August 05,2020
Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence...
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August 04,2020
To help expand the value-added chain in the petrochemical industry, three projects that cost $1.6 billion will be inaugurated on Thursday, managing director of the state-run National Petrochemical...
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August 04,2020
As the mercury rises and pushes up power consumption, the failure rate of equipment used in the distribution network grows causing blackouts, deputy of operations and dispatching at Tehran Power...
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August 04,2020
BP expects its oil and gas production to fall by at least 1 million bpd of oil equivalent or 40% over the next decade, as it transitions to a lower carbon energy company, the company said.
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August 03,2020
Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide Covid-19 cases points to a slower pick-up in fuel demand.
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August 03,2020
The National Iranian Gas Company says it has invested $17 billion in natural gas infrastructure over the past seven years.
“The big part [of the money] went for completing the South Pars Gas Field...
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August 03,2020
From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus.
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August 03,2020
Researchers at Sharif University of Technology (SUT) in Tehran have designed and manufactured a javel water making machine with an Iranian electrolyzer, Erfan Touraji, the project director, said...
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August 02,2020
The state-run Power Generation, Distribution and Transmission Company (Tavanir) has published a report that shows electricity generated in the country in 2019 increased 6.1% compared to the...
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August 02,2020
Researchers at Pardis Technology Park have introduced special catalysts used in reforming units in refineries to produce quality gasoline, the project director said.
"Most of the catalysts used in...
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August 02,2020
Iraq’s total oil exports for July averaged 2.763 million barrels per day, the oil ministry said in a statement.
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August 01,2020
Chevron Corporation reported on Friday a net loss of $8.3 billion for the second quarter on the back of impairment charges due to lower commodity price outlook and write-off its Venezuela...
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August 01,2020
Millions of barrels of oil refinery capacity might permanently close across the global energy complex after being lost when demand crashed during the coronavirus pandemic, US refiners said on...
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August 01,2020
Kimia Pars Middle East Petrochemical Complex in Asalouyeh, which started production at the end of spring, is trying to increase output for the export market, the managing director said.
“Total...
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August 01,2020
Since the beginning of the current water year (last September) Iran unlike previous years has been receiving its fair share of water from Hirmand (Helmand) River as per an agreement signed with...