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
  • Supplying Electricity to All Rural Homes
    Close to $120 million has been invested to expand the national power grid in small towns and villages since 2013. According to Paven, the Energy Ministry's news portal, the money was spent to...
  • Global Energy Demand, Carbon Emissions Rising Fast, Says BP
    Global carbon emissions jumped the most in seven years in 2018 as energy demand surged, according to BP’s annual review of world energy, indicating the world is falling behind in its efforts to...
  • Renewable Progress Slow in Iran
    Iran has taken baby steps in expanding renewable energy and its development requires changing the economic policies and creating a lively market so that it can compete with polluting fossil fuels,...
  • Khuzestan Sets Another Power Consumption Record
    Electricity consumption in southern Khuzestan Province reached a new peak of 8,000 megawatts on Sunday – up 8.5% compared to the previous record, managing director of the provincial electric...
  • New South Pars Platform to Raise Output by 14 mcm/d
    The third offshore platform of South Pars Gas Field’s Phase 14 was loaded in the southern port city of Bandar Abbas, Hormozgan Province, on Tuesday, director of the phase, Mohammad Mehdi...
  • US Restrictions on Iran's Petrochemical Sector Another Political Ploy
    New restrictions that the Trump administration imposed on Iran's petrochemical sector last week is another “ political tactic" and "a psychological war" and will not undermine production or exports...
  • China’s Oil Imports Slump in May
    China’s crude oil imports dropped in May from a monthly record in April, as Chinese refiners drastically reduced Iranian oil imports after the end of the US waivers and as some state refineries...
  • Crude Market Seen in Ugly Territory in 2020
    After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a once-in-a-generation shake up in the shipping...
  • Iran Energy Ministry Struggling to Save Electricity as Temperatures Soar
    The Energy Ministry has announced plans to reduce power consumption in the summer season when demand outstrips supply and phased blackouts become inevitable, Deputy Energy Minister Homayoun Haeri...
  • Flood-Hit Areas in Iran Exempt From Gas Bills
    Oil Minister Bijan Namdar Zanganeh said the government has exempted households and industrial gas subscribers in flood-hit areas from paying gas bills for 47 days.  
  • Oil Steady With Supply Tight
    Oil prices were steady on Monday as US-China trade tensions continued to threaten demand for oil, but tight crude supply and the swift end to a trade dispute between Mexico and the United States...
  • South Pars Phase 4 Recovery Rate Increases
    Gas recovery rate has risen by 2.2 million cubic meters a day in South Pars Gas Field's Phase 4.  According to Shana, the Oil Ministry's news portal, in order to ensure stable gas supply for the...
  • Security of Hormuz Strait Paramount
    Threatening the security of the Strait of Hormuz, a crucial shipping route linking Middle East oil producers to international markets in Asia, Europe, North America and beyond, can translate into a...
  • Iran: Fuel Cards Futile
    Mandatory use of fuel cards that will come into effect in two months but cannot curb gasoline smuggling unless each car owner is obliged to use his/her own card to fill up, the former head of the...
  • Consumerism Crisis Revisited
    Iranians have developed a peculiar culture of consumerism during the past decades and that is why the country has been vulnerable to the unending US animosity and economic sanctions, the energy...
  • Alarming Trend in Groundwater Use
    Every year 50 billion cubic meters of water is extracted from groundwater sources in Iran, a water expert said. Noting that groundwater resources are valuable as reserves formed over long years,...
  • Iran Petrochem Sector Will Persevere
    The Persian Gulf Petrochemical Industries Company will continue its functions despite the new US sanctions on the petrochemical sector. Jafar Rabiei, managing director of PGPIC made the statement...
  • Zanganeh: OPEC Must Remain Apolitical
    Iran will stay in the Organization of the Petroleum Exporting Countries despite some of the member states hostility, the Oil Minister said. According to the parliamentary news website ICANA, Bijan...
  • Natural Gas Demand to Slow
    The world’s appetite for natural gas grew at the fastest pace since 2010 last year, but that blockbuster growth is shifting into lower gear, according to the International Energy Agency.  
  • Zanjan, Yazd Tapping Into Small-Scale Power Plants
    The 25th small-scale power plant in Zanjan Province with distributed generation system has joined the national electricity grid. With a capacity of 24 megawatts, the facility was built by a...
  • Gas Production, Exports Rise
    Gas exports rose by 622 million cubic meters in fiscal 2018-2019 compared to the corresponding period last year. Data released by the National Iranian Gas Company news portal shows 38.6 mcm of gas...
  • Euro-4 Diesel Quality Needs Catching Up
    Analyzing the amount of sulfur in Euro-4 diesel taken from 364 filling stations in 2018 indicated that only 40% of the fuel sold in the country complies with international standards, director of...
  • Saudis Sure of OPEC+ Cuts Extension With Russia Coop.
    Saudi Arabia’s top oil official said he was sure that OPEC+ will extend production cuts into the second half of the year after holding talks with Russia.  
  • Fire at Petroleum Products Warehouse Extinguished
    A fire broke that broke out at a petroleum storing facility in Shahid Rajaee port in southern Hormozgan Province on Wednesday has been extinguished.  
  • Iran Power Deficit Could Result in Load Shedding
    Electricity consumption peaked to 47,400 megawatts on Saturday – up 8% compared to the corresponding period a year ago, planning and economic affairs deputy manager at the state-affiliated Power...

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