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
  • 50 MW Wind Farm in NW Comes on Stream
    A 50 megawatt wind farm in Aqkand City, Mianeh County, East Azarbaijan Province, was launched Wednesday. Aqkand wind farm can generate 175,000 megawatt-hours of electricity a year, enough to meet...
  • UAE Nuclear Power Plant License in 2020
    The operating license for the United Arab Emirates’ Barakah nuclear power plant could be issued in the first quarter of 2020, followed by the start-up of the first reactor, a senior official at the...
  • Renewable Investments Fall in Emerging Markets
    New energy investment in emerging economies slipped last year to $133 billion, far from the 2017 record of $169 billion, mostly due to a slowdown in China, BloombergNEF said in its annual...
  • IEA's Birol: OPEC Should Make Right Call
    OPEC countries, which are meeting next week to discuss their level of oil output, should make the right decision for the global economy, which remains “very fragile”, the head of the International...
  • 310 MW Dalahoo Power Plant Adds 310 MW to Power Capacity
    The first 310 megawatt gas unit of Dalahoo Combined Cycle Power Plant in Eslamabad-e-Gharb County, Kermanshah Province, started operation on Tuesday. With a total capacity of 910 MW, the power...
  • Gasoline Use Declines After 12 Years
    Following the abrupt government decision to raise gasoline prices and sell it at two rates from November 15, consumption fell by at least 20% over a 10-day period, the National Iranian Oil Products...
  • South Pars to Boost Gas Output by 11%
    Natural gas production in the giant South Pars Gas Field in the Persian Gulf will increase by 70 million cubic meters per day before the calendar year is out, managing director of Pars Oil and Gas...
  • Oil Gains Seen in Sino-US Trade Talks Optimism
    Oil prices rose on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their...
  • Tehran Groundwater Resources in Bad Shape
    Recent rainfall has by no means eased Tehran’s water crisis that has been a source of serious concern for years, managing director of Tehran Province Water and Wastewater Company said. “Water...
  • Looking Beyond Gasoline Prices
    So long as state-run automakers keep manufacturing low-quality vehicles, the people will be the main victims who have to face the economic burden stemming from the unprecedented rise in gasoline...
  • Iran Gov’t Expects to Make $5.5 Billion From Gasoline Export
    The latest rationing and doubling of gasoline prices that started out of the blue last Friday (Nov. 15) will annually generate up to $5.5 billion in export revenue for the government, a board...
  • Solar Power for Rural Folks, Nomads
    In line with the expansion of renewable electricity, 20,000 small solar power installations will be set up to supply electricity to 20,000 rural and nomad families. Domestic companies manufacture...
  • Two-Tier Gasoline Prices Bad News
    The decision to sell gasoline at two rates is a breeding ground for corruption, head of the Iran Gas Station Owners Union’s board of trustees said. “Although the National Iranian Oil Products...
  • Iraqi Kurdistan Could Soon Start Shipping 250,000 bpd of Crude to Baghdad
    The semi-autonomous Iraqi region of Kurdistan may begin deliveries by early next year of around 250,000 barrels per day of crude oil to the federal government in Baghdad for exports, Iraqi Oil...
  • Iran: CNG Consumption Jumps
    Following the government last week to raise gasoline prices by 200%, compressed natural gas consumption has risen by 2 million cubic meters a day since Nov. 15, head of CNG department at the state-...
  • Oil Short-Selling Unwinds in View of Shale Woes
    Hedge-fund managers unwound bets that crude will fall at the fastest pace in 16 months as the prospects for a trade war truce and a slowdown in shale drilling helped futures rebound.  
  • Motorists Rush to Collect Fuel Cards
    The National Iranian Oil Products Distribution Company (NIOPDC) issued more than 4 million smart fuel cards during the last four months, head of the sate-run company said. “Now that gasoline has...
  • OPEC+ May Extend Output Cut Deal Until June 2020
    OPEC and its Russia-led non-OPEC partners in the production cut deal may roll over in early December the current cuts into June 2020, as Russia will likely support the organization’s efforts to...
  • Russia to Help in Iran's Energy Projects
    Energy Minister Reza Ardakanian arrived in Moscow Thursday for talks with his Russian counterpart Alexander Novak and follow up on a planned $5 billion loan from the government in Russia. The...
  • Energy Ministry Signs Contracts With Knowledge-Based Firms
    The Energy Ministry has signed agreements with knowledge-based firms and startups in the fields of robotics and industrial automation, deputy for research and human resources at the ministry said...
  • Iraq Maintains Oil Output
    Iraq's crude production and exports continue at full throttle despite the recent violent demonstrations in the country, but analysts said the situation bears close watching as oil fields and ports...
  • Domestic Gas Consumption at New High
    Domestic gas consumption jumped to new highs on  Tuesday reaching 693 million cubic meters per day,  dispatching director at the National Iranian Gas Company said. Mehdi Jamshidi Dana said...
  • Oil Prices Extend Losses on Supply, Trade War Fears
    Oil prices slipped for a third day on Wednesday as a surge in US stocks reinforced concerns about lackluster global economic growth, while hopes ebbed for any movement on the US-China trade war.  
  • NIOPDC Expects People to Buy Less Gasoline
    Gasoline consumption should decline by at least 10% in the coming three months, head of the National Iranian Oil Products Distribution Company (NIOPDC) said. “Consumption is now at 95 million...
  • Saudi Sept. Oil Exports Drop to 2-Year Low
    Saudi Arabia’s crude oil exports dipped to a 22-month low of 6.67 million bpd in September when the kingdom’s oil infrastructure was attacked that knocked off 5% of global daily supply for weeks...

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