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
  • Caspian Nations Discuss Shared Concerns
    Environment ministers and senior officials from Kazakhstan, Russia, Azerbaijan, Turkmenistan and Iran discussed concerns over threats to the Caspian Sea environment via a video conference on...
  • OPEC+ Delivers 85% Compliance on Cuts in May
    OPEC and its allies slashed almost one-fifth of their crude oil production in May, the first month of their landmark supply accord, according to the latest S&P Global Platts survey of the group...
  • CNG Demand Picks Up
    Compressed natural gas consumption, which had declined 60% since March, is gradually picking up, head of CNG department at the state-run National Iranian Oil Products Distribution Company said.  
  • PET Output, Exports Rising
    Shahid Tondgouyan Petrochemical Complex raised production and export of varieties of polyethylene terephthalate (PET) in the last fiscal year (ended in March) compared to the previous year, head of...
  • Qatar: Saudi-Russia Oil Price War a Big Mistake
    Qatar’s minister of state for energy affairs shared his thoughts on some of the major oil producers’ market moves in recent months, shedding disapproval on the March decision by Saudi Arabia and...
  • Electricity Wastage Declines
    Power loss in distribution networks nationwide decreased to 9.7% in the last fiscal year that ended in March. According to the Energy Ministry news portal (Paven), replacing ageing equipment,...
  • Iraq Will Be Committed to OPEC+
    Iraq wants OPEC+ to take into consideration the economic and living conditions of countries when assigning quotas in oil production cuts, the country's finance minister said, as OPEC's second-...
  • Oil Prices Extend Gains
    Oil climbed on Monday after major producers agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in May.  
  • Methanol Plant for Bushehr
    Middle East Kimia Pars Petrochemical Company started operations in the 2nd phase of Pars Special Economic Energy Zone in Assaluyeh, Bushehr Province, on Monday. According to the Oil Ministry’s...
  • Kani Sib Dam to Divert Water to Urmia Lake
    Kani Sib Dam project in Piranshahr, West Azarbaijan Province, as one of the sources to supply water to the troubled Urmia Lake, is near completion, head of Urmia Lake Restoration Program said. “...
  • OPEC, Allies Agree to Extend Record Production Cut
    OPEC and its oil-producing allies agreed on Saturday to extend the group’s historic production cut for an additional month in an ongoing effort to balance the global oil market. The agreement was...
  • China Coal Imports Fall 20% in May Even as Demand Rises
    China’s coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, customs data showed on Sunday.  
  • Iran: 25% of Power Output in 2019 From Renewables
    Almost 25% of the electricity produced in the last fiscal (ended in March) was generated from renewable sources (steam, water, nuclear, wind and solar), chief executive officer of Iran’s Thermal...
  • Respite for Gavkhouni Wetland
    Water supply from Rudashtin Dam, on Zayandehroud River, to farmlands has ended, and in the past several days water from the reservoir is directed towards the Gavkhouni Wetland, the deputy for...
  • Gasoline Price Rises as US Oil Producers Shut Wells
    Energy companies on Friday evacuated 10% of production platforms and shut nearly 30% of offshore oil output, pushing gasoline prices higher, as Tropical Storm Cristobal entered the US Gulf of...
  • Tourist Hub Solving Waste Problem With WTE Help
    A waste-to-energy (WTE) plant in the picturesque city of Noshahr, Mazandaran Province, has come on stream, a deputy governor said. The plant can handle 200,000 tons per day of waste produced in...
  • Dry, Thirsty Bushehr Awaits More Desalination Plants
    To supply potable water to residents in small towns in Bushehr Province two desalination units with a capacity to process 22,500 cubic meters of saline water a day are up and running and one more...
  • OPEC+ Extends Production Cuts Through July
    OPEC+ is set to extend production cuts to prop up the oil market after a breakthrough in high-stakes negotiations, and the organization could meet as soon as this weekend to sign off on the deal...
  • Raising Power Output Without Swelling Gas Consumption
    It is possible to increase power production capacity in Iran by 7,500 megawatts without raising gas consumption by converting thermal power plants into combined-cycle units, managing director of...
  • Brent, WTI Prices Rise
    Oil prices moved higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts...
  • Iraq Power Export Contract Renewed for Two Years
    Importing electricity from Iran is of vital importance for Iraq (both politically and economically), the Iraqi Minister of Electricity Majid Mahdi Hantoush said at the weekend. After meeting...
  • Oil Prices Edge Down as Traders Eye OPEC+ Meeting
    Oil prices edged down on Monday as traders took profits, with OPEC considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.  
  • Work in Progress at 650 MW Tabas Coal Power Plant
    Construction of the first coal-fired power plant in Iran has registered 70% progress, the Energy Ministry news website Paven reported. Located near the city of Tabas in South Khorasan Province,...
  • South Pars Refinery Raising Output
    The sixth natural gas processing plant in South Pars Gas Complex will increase production this year (started in March), director of the refinery said. “Projects include installing new air...
  • Power Outages Coming
    The state-run Iran Power Generation, Distribution and Transmission Company (Tavanir) says the national grid cannot take a load higher than 60 gigawatts. According to Bargh News website, if power...

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