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January 15,2019
OPEC plans to publish this week quotas for individual countries under the new OPEC/non-OPEC production cut deal agreed upon on December 7 and in force since January 1, an OPEC source told Russian...
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January 15,2019
Compressed natural gas stations have the capacity to supply 40 million cubic meters of CNG, but at present are operating at half capacity as lesser number of motorists are buying the eco-friendly...
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January 15,2019
Major Japanese banks are set to resume Iranian oil transactions after receiving final regulatory clearance, paving the way for the country's refiners to begin loadings as early as this month,...
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January 15,2019
Energy Minister Reza Ardakanian on Monday inaugurated a water supply project in the town of Maraveh Tappeh in northern Golestan Province.
According to the Energy Ministry news website, the $1.5...
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January 15,2019
An estimated €2 billion in foreign investment has been made in Abadan Oil Refinery in the southern Khuzestan Province in the past two years, CEO of the National Iranian Oil Refining and...
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January 14,2019
Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a slowdown in fuel demand.
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January 14,2019
A South Korean oil buyer is set to receive about 2 million barrels of Iranian condensate in January, a source familiar with the matter said on Monday.
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January 14,2019
Two petrochemical companies in southern Bushehr Province, Kaveh Methanol Complex and the first phase of Bushehr Petrochemical Complex, will be inaugurated by the end of the current fiscal in March...
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January 14,2019
Selling crude to potential customers is a challenging enterprise when a country is under sanctions, but Iran has found shadow markets that can help it continue to sell oil.
Amir-Hossein Zamaninia...
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January 13,2019
Wind, natural gas, and solar capacity will lead the new electricity capacity in the United States this year, while coal-fired generation will account for more than half of scheduled capacity...
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January 13,2019
Notwithstanding mounting US pressure to disrupt Iran’s oil export, Tehran will continue selling natural gas and liquefied petroleum gas to foreign markets, the newly elected head of National...
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January 13,2019
The steam unit of Kashan combined-cycle power plant in Isfahan Province came on stream Sunday.
With a capacity to produce 160 megawatts, the steam unit was built in three years and the plant is...
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January 12,2019
The sixth solar power plant in Hamedan Province has been synchronized with the national power grid.
Located in Beshik Tappeh village in Kabudarahang County, the plant has a capacity of 7 megawatts...
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January 12,2019
Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day by the end of 2019 and to 450,000 bpd by the end of 2021 from a current 240,000 bpd, the director of Basra...
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January 12,2019
The world's need for water will be 20% over and above current consumption levels by 2050, said the Energy Minister.
Speaking in Tehran at the weekend, Reza Ardakanian said, “Given the global...
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January 12,2019
Petrochemical export revenue in the first nine months of the current fiscal ending in March reached $9 billion, the National Petrochemical Company said on Saturday.
The revenue is projected to...
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January 11,2019
Iran government intends to transfer 80% shares of state-owned power plants to the private sector by 2022, the director general of the planning office of Iran Power Generation, Distribution and...
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January 11,2019
Deputy Energy Minister Homayoun Haeri on Thursday broke ground for a 50 megawatt wind farm in Mil-e- Nader zone in Zabol in Sistan-Baluchestan Province.
The farm will have 20 wind turbines and...
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January 11,2019
Going into 2019, China's gasoline demand growth will be capped by a slowing economy, falling car sales, growing fuel efficiency and the inevitable electrification of road transport.
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January 11,2019
Top oil exporter Saudi Arabia plans to lower its shipments further in February as it follows through on a global deal to cut output to prevent a build-up in supplies.
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January 11,2019
Iraq and Iran are exploring ways to develop two shared oilfields despite US efforts to isolate Tehran from global oil markets.
Thamir Ghadhban, Iraq’s oil minister, made the statement in Baghdad...
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January 01,2019
A declared goal of the government is to develop renewable energy in the deprived and remote areas. The Energy Ministry and private companies are building 50 big and 2,000 small solar power plants...
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January 09,2019
Construction of nine wastewater treatment plants will commence in south and east of Tehran Province from March, said the managing director of Tehran Province Water and Wastewater Company.
Speaking...
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January 09,2019
Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when US sanctions on Iran were reimposed, trading and shipping sources said.
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January 09,2019
The first phase of Iran’s second largest wind farm, with 50 MW power generation capacity, was launched on Monday in Aqkand village, East Azerbaijan Province.
The plant has 20 modern turbines of 2....