Energy

Oil prices stabilized on Friday and were on track for their biggest weekly drops since November after seesawing on fears of escalating bans on Russian oil versus efforts to bring more supply to…

Oil Minister Javad Owji said more than 45 contracts and memorandums of understanding worth $15.6 billion have been signed in the past six months.

As groundwater resources in Bandar Abbas, southern Hormozgan Province, are depleting, desalination capacity is expected to rise by 43,000 cubic meters per day by November, managing director of…

Oil prices rose on Wednesday as the US ban on Russian oil imports and Britain's plan to phase them out by yearend raised concerns of tighter global supply. Brent crude futures were up $2.17, or…

The Energy Ministry and the Japan International Cooperation Agency discussed ways of expanding cooperation in the fields of water and electricity based on memorandums of understanding signed in…

The total area of glaciers in Iran has reduced by 21% (about 9 square kilometers) compared to 10 years ago, a report by the Water Research Institute said. According to the latest studies,…

At least 60% of filling stations cannot meet their current expenses and are on the verge of insolvency due to high inflation, the head of Gasoline Station Owners Association said.

The first unit of the new Zarand Combined-Cycle Power Plant in Kerman Province with a capacity of 162 megawatts will be connected to the national grid in April, director of the power project at…

OPEC remains focused on being a reliable supplier of oil to global markets but cannot control the global events causing oil price surges, said Secretary-General Mohammad Sanusi Barkindo during…

Ilam Gas Refinery has significantly increased the output of byproducts in the current Iranian year’s first 11 months (March 21, 2021-Feb. 19), managing director of the refinery said. “The…

Large volumes of treated wastewater from Birjand Wastewater Treatment Plant in South Khorasan Province are piped to plains in and around Khosf County as neither industries nor the agriculture…

Abadan’s wastewater treatment plant will be launched by mid-July, managing director of Khuzestan Water and Wastewater Company said. “The project has registered 70% progress and 500 km of the…

Brent crude soared near $130 a barrel on Monday, its highest since 2008, as the United States and European allies mull a Russian oil import ban and delays in the potential return of Iranian…

Safeguarding the environment is key to long-term sustainable petrochemical development in dry southern provinces.

President Ebrahim Raisi on Saturday promulgated the law to transfer water from the Sea of Oman to Sistan-Baluchestan Province. The parliament authorized the start of construction work on a…

The National Iranian Oil Refining and Distribution Company and Tejarat Bank have signed a memorandum of understanding for building a pipeline to supply petroleum products to the country’s…

Although water transfer from the Persian Gulf to Sirjan in Kerman Province eased the water crisis in industries like Golgohar Mining and Industrial Complex, other parts of the region are still…

Close to $1 billion have been invested in the Petrochemical Special Economic Zone (Petzone) in Mahshahr, Khuzestan Province, on developing the infrastructure, which will boost petrochemical…

The Iranian Central Oil Fields Company, a subsidiary of the National Iranian Oil Company, is carrying out projects worth $350 million to increase natural gas production in Homa, Varavi and…

To help stabilize power supply in Ahvaz, the capital of Khuzestan Province, a 230/33-kilovolt power substation and a 132/33-kilovolt mobile substation were synchronized with the national power…

Water consumption in Tehran has surpassed 40,000 liters per second or 3 billion liters per day, up 11% compared to the hot summer days when consumption peaks at 2.7 billion liters. The National…

Oil prices rebounded on Friday as fears of Western sanctions disrupted Russian oil exports, outweighing the possibility of more Iranian supplies, while reports of a nuclear plant fire in Ukraine…

Persian Gulf Bidboland Refining Company has signed eight contracts worth about $520 million on Thursday with Iranian companies to collect the associated petroleum gas in East Karoun fields,…

Gas supply across Iran had an increase of 2.8% in the first 10 months of the current Iranian year (March 21, 2021-Jan. 20) compared with the same period of last year, managing director of…

Oil prices surged on Wednesday as supply disruption fears mounted following hefty sanctions on Russian banks amid the intensifying Ukraine conflict, while traders scrambled to seek alternative…