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
  • Local Energy Exchange Is a Stopgap Solution
    Oil has always been a function of the international market, so setting up local energy markets cannot help the National Iranian Oil Company sell crude on a long-term basis, a veteran financial...
  • Domestically-Made Turbines to Help Increase Wind Power
    Domestic manufacturers are in the process of constructing wind turbines with generator capacity up to 250 kilowatts, operator of the project said. “Manufacturing the medium-size turbine can help...
  • NISOC Signs Contracts to Cut Flaring
    The National Iranian South Oil Company seeks to further reduce flaring and burning of associated petroleum gases from oil and gas sites in the southern and southwestern regions it operates,...
  • 26m Face Water Shortage
    The temporary rise in water levels behind dams cannot guarantee the sustainable supply of potable water in the long term unless water management and related issues gets top priority. Precipitation...
  • Oil Slips as US Inventories Expected to Keep Rising
    Oil slipped toward $61 a barrel on Monday, falling for a second day, pressured by expectations for a rise in US crude inventories and fading optimism over a US-China trade deal.  
  • Azarbaijan Province Poor in Renewables
    Total power production in the two East and West  Azarbaijan provinces is 3,150 megawatts, of which barely 20 MW comes from renewables, operator of green energy power generation and distribution...
  • World ‘Awash’ in Oil Amid US Shale Boom
    Global markets are “awash” in crude thanks to the surge in US oil output, and the boom looks set to continue, US Energy Secretary Rick Perry said in a Bloomberg TV interview.  
  • Environment Protection Comes to Iran's Petrochem Sector
    In line with its environmental policy, Bandar Imam Petrochemical Company in southwestern Khuzestan Province has started a project to collect and recycle all its wastewater in a single unit that...
  • Smart Water Meters Doing the Job in Farms
    Transforming traditional wells into smart wells in Sabzevar, Khorasan Razavi Province, has helped reduce extraction of underground water by 20%, head of the provincial water company said. “There...
  • Transportation Sector Energy Use Alarming
    A Majlis Research Center survey has revealed that total energy produced in Iran annually is equal to energy produced by burning 1.8 billion barrels of crude oil, of which 25% is consumed in the...
  • Oil Prices Steady, on Track for Large Weekly Gain
    Oil prices steadied Friday and were on track for strong weekly gains as support from a surprise draw in US inventories and possible action from OPEC and its allies to extend output cuts outweighed...
  • Denmark Approves Offshore Gas Pipeline Permit
    Denmark on Friday approved the permit for construction in Danish waters of the planned 10 billion cubic meters per year Baltic Pipe, which is designed to bring Norwegian gas via Denmark to Poland...
  • China Crude Imports at Minimal
    China continued to import crude oil from the US, Iran and Venezuela in September, but Asia's biggest energy consumer kept shipments from the three producers minimal due to the tariff and sanctions...
  • Second Wastewater Treatment Plant for Shiraz
    Wastewater Treatment Plant Number 2 in Shiraz, Fars Province, will start operation in December, managing director of Shiraz Water and Wastewater Company said. “With a capacity to treat 100,000...
  • Small-Scale Gachsaran Power Plant Linked to Network
    The first small-scale power plant with distributed generation system operated by the Khuzestan Regional Electric Company has joined the national electricity grid, the managing director said.  
  • Qom Clean Energy Projects Need a Push
    Projects costing $20 million have been undertaken in Qom Province in the last 12 months, deputy minister of energy said Wednesday. “As the number of industrial towns is on the rise in the province...
  • PGPIC Going the Extra Mile  Going the Extra Mile
    The Persian Gulf Petrochemical Industries Company was ranked second in terms of capital spending on the list of major chemical companies in 2018 issued by the Independent Chemical Information...
  • Persian Gulf Star Refinery Exports Top $100 Million in 7 Months
    Export of oil derivatives from the Persian Gulf Star Refinery in the port city of Bandar Abbas topped $100 million in the past seven months, the managing director said. “An estimated 250,000 tons...
  • US Oil Output to Peak
    US oil production is likely to peak in the next few years as current petroleum prices are capping the pace of expansion, Russian Energy Minister Alexander Novak said on Tuesday.   
  • Despite the fact that the National Iranian Gas Company had pledged to supply households in Khash County with compressed natural gas (CNG) six months ago, nothing has happened, governor of the...
  • Domestic Energy Consumption Causing Concern
    Energy (oil and natural gas) produced in Iran per day is 9.5 million barrels of oil equivalent, of which 65% is consumed domestically. Ali Mobini Dehkordi, head of the Institute for International...
  • Worldwide Renewable Capacity Set for 50% Growth
    Renewable power capacity is forecast to increase by 50% between 2019 and 2024, the International Energy Agency said Monday.  
  • New Incentives for Using Domestic Solar Panels
    Solar power generated by using domestically-made solar panels is purchased at higher prices, spokesman of the Renewable Energy and Energy Efficiency Organization (Satba) said. The guaranteed...
  • Obligation to Cut Wastage of Electricity
    Wastage of power in the national grid dropped from 15.2% to 11.1% between 2013 and 2018 and by extension cut natural gas consumption in power plants. If the wastage was not cut (by 4.1%), the...
  • Oil Prices Fall as Global Demand Concerns Grow
    Oil fell on Monday as concerns about economic growth combined with signs of ample global supplies pressured prices, outweighing bullish signals from Europe, where fears of an economically damaging...

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