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
  • Yazd Water Problem Worsens
    Underground water resources are depleting at unprecedented speed in Yazd Province, head of the provincial company said. “Underground water level is falling by 45 centimeters per year,” Mohammad...
  • Industries, Agro Sector Cut Power Use in Summer
    Encouraging policies to promote prudent power consumption helped the Energy Ministry to export more electricity in 2019, head of Iran Power Generation, Distribution and Transmission Company (...
  • Online Oil Pollution Monitoring for Shahid Rajaee Port
    An online oil pollution monitoring system has been installed at the oil dock of Shahid Rajaee Port in southern Hormozgan Province, director general of Hormozgan Ports and Maritime Organization said...
  • PGPIC Says Unhindered by US Restrictions
    The Persian Gulf Petrochemical Industries Company is carrying out projects that are in different stages of construction, the company’s managing director said. “PGPIC does not take projects that...
  • Thermal Power Plants Using More Gas
    Gas consumption in thermal power plants shot up 24% between 2014 and 2019 as the National Iranian Oil Company substantially raised gas output during the period, especially in the South Pars Gas...
  • NIORDC Calls for Curbing Mazut Output
    Crude refining capacity in Iran, including gas condensates, is 2.3 million barrels a day, director of the National Iranian Oil Refining and Distribution Company said. “The capacity shows 43% rise...
  • Iran: Renewable Energy Is the Solution
    Gas-powered power plants generate over 80% of Iran’s electricity and if there are problems with natural gas supplies to these units there will be power outages. This issue can and should be...
  • Oil Falls 1% as Spreading Virus Compounds Concerns
    Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush to...
  • INSO Verifies Gasoline Quality
    A study undertaken by the Iranian National Standards Organization on gasoline quality between November 2019 and January 2020 indicates the fuel contains acceptable levels of sulfur and other...
  • Goureh-Jask Oil Transfer Project on Track
    Goureh-Jask oil transfer project has registered 25% progress and is expected to be completed by 2022, managing director of the Petroleum Engineering and Development Co., a subsidiary of the...
  • Oman Grants Gas Exploration Concession to Total, Thai Co.
    Oman, the biggest Middle East oil producer outside OPEC, awarded France's Total and Thailand's PTTEP rights to explore and develop non-associated gas deposits in the sultanate, which is ramping up...
  • Goureh-Jask oil transfer project has registered 25% progress and is expected to be completed by 2022, managing director of the Petroleum Engineering and Development Co., a subsidiary of the...
  • IRISL Struggling to Comply With IMO’s Low-Sulphur Regulations
    Iran's shipping fleet requires at least 40,000 tons of low-sulphur fuels per month to comply with the International Maritime Organization’s new regulations demanding a 0.5% global sulphur cap for...
  • New Drilling Rig for NIDC
    Equipped with advanced equipment, the National Iranian Drilling Company is able and willing to expand the scale and scope of its activity in offshore and onshore oilfields. The company’s managing...
  • Gov’t Insists on Building Dams
    In the past dams were built with the aim of ensuring irrigation, power generation and supplying potable water. But now the attitude towards mega-dams has changed significantly, managing director of...
  • Iran: Red Flag for Gas Consumption
    Decline in electricity output due to high gas consumption in the household sector will have adverse effects on the power export, vice president of Iran Electrical Industry Syndicate said. “Power...
  • Oil Prices Steady as Coronavirus-Related Demand Concerns Weigh
    Oil prices changed little Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major...
  • South Pars Raises Gas Condensate Output
    Gas condensate output from the South Pars Gas Field in the first 10 months (March-Dec 2019) of the currency fiscal year increased by 5% compared to the corresponding period a year ago, managing...
  • NIOC Halts Selling Liquefied Fuel on IRENEX
    Due to the big increase in liquefied fuel consumption over the last few weeks, the National Iranian Oil Company has stopped selling diesel and mazut on the Iran Energy Exchange, the company’s...
  • Time to Replace 90,000 km Corroded Water Pipelines
    Close to 90,000 kilometers of pipelines in the national water grid are old and dilapidated and must be replaced. The national water network in cities stretches over 155,000 kilometers, of which...
  • LNG Producers Need to Find New Markets
    LNG producers are encouraged to cut supply amid the global glut that is helping drive down prices in Asia, or push more volumes to markets beyond Europe, perhaps Latin America.  
  • Blessing or Curse?
    Iran holds the world's second biggest natural gas reserves after Russia. Gas production has surpassed 870 million cubic meters per day and a large number of city and village dwellers are supplied...
  • Indigenizing Oil Industry Equipment Making Progress
    South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured and repaired 1,500 parts used in the oil and gas industry with the help of domestic...
  • Portable Gas Pressure Reducing Station for Tehran
    Tehran Province Gas Company (TPGC) has produced the first portable city gate station (a kind of pressure reducing station) in collaboration with Petro Gas Parsa Company,  head of the provincial...
  • US Again Gives Iraq Sanctions Waiver for Iran Gas Imports
    The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies.  

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