Energy

Drilling operations at an exploratory-appraisal well in the Belal Gas Field in the Persian Gulf started on Monday, the managing director of Petropars Company – the main contractor of the project…

Thermal Power Plants Holding Company has started converting seven single-cycle power plants into combined-cycles after it received the green light of the government’s Economic Council, deputy…

The daily amount of sweet gas transmission in Iran will surpass 880 million cubic meters later this year, the managing director of Iranian Gas Transmission Company said.

Oil prices reversed losses and edged up on Monday, as concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia outweighed fears of a global recession. Brent…

Iran accounts for 70% of gasoline exports to Afghanistan, the head of the Iran-Afghanistan Chamber of Commerce said. “Close to 2.5 million liters of gasoline are burnt in Afghanistan daily, of…

Natural gas export via pipelines will soon become a thing of the past, which makes it crucial for the National Iranian Oil Company to prioritize the export of liquefied natural gas (LNG), an…

The development plan underway at Arvand Petrochemical Company in Mahshahr, Khuzestan Province, will help end crude sales, develop downstream industries and create jobs, managing director of the…

Groundwater extraction from the plains in and around Tehran Province is 10 times faster than the rate at which water tables can replenish themselves, a water resources management expert said.

Iran’s peak load record was broken on Saturday, according to Iran Grid Management Company. The country's electricity consumption reached 67,318 megawatts on July 2, while the highest amount of…

The National Iranian Oil Company is implementing plans to reduce gas flaring in various oil and gas fields, the director of NIOC’s Health, Safety and Environment Department said. “With the…

Investment in the development projects of Pars Special Economic Energy Zone in Asalouyeh, southern Bushehr Province, experienced a 40% rise in 2021 compared to a year ago, deputy director of…

Iran ranked third in terms of gas production last year, after the US and Russia, with 256.7 billion cubic meters, according to BP’s latest annual statistical review of world energy.  The…

Although Shahid Salimi (Neka) Power Plant in Mazandaran Province has been banned by the prosecutor of Neka County from burning mazut to generate power, it has continued to use the highly-…

The government’s Economic Council has approved $4.4 billion worth of investment in three oil and gas development projects, the managing director of the National Iranian Oil Company said.

Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. Brent crude futures were down…

A rise in Iranian oil supplies is what the global oil market needs now, as worsening energy security and market volatility will be a lose-lose game for all the sides involved, the oil minister…

The executive work to transfer 200 million cubic meters of desalinated water per year from the Sea of Oman to Sistan-Baluchestan is underway, director general of the National Water Data said.

Urmia Lake’s water level is currently 1,270 meters, down 53 centimeters compared to last year’s level, the head of Integrated Water Resources Management Department at the Energy Ministry said.…

Electricity consumption in Iran crossed 65,000 megawatts on Sunday, an alarming level for early summer, which is over 3,000 MW higher than on the same day (June 26) of last year. The power use…

The OPEC+ alliance of oil producers is running out of capacity to pump more crude, including its biggest member Saudi Arabia, according to Nigeria’s petroleum minister.

The urea and ammonia output of Lordegan Petrochemical Company in the southwestern Chaharmahal-Bakhtiari Province increased by 518% in the first three month of the current Iranian year (March 21-…

The southern Hormozgan Province off the Persian Gulf accounts for 50% of desalinated water produced in Iran, the head of the provincial Water and Wastewater Company said. “Close to 41…

The development of Kharg Petrochemical Company, the only petrochemical producer on Kharg Island 25 kilometers off the Persian Gulf coast, is underway as planned, the head of the company said.

The state-run National Iranian Gas Company produced an estimated 232 billion cubic meters of natural gas in the last fiscal year (ended March 20, 2022), the head of NIGC said.

The sales of Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, increased by 144% in the first three months of the current Iranian year (March 21-June 21) compared with the same…