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
  • 16-km Kish Gas Pipeline to Be Completed in 3 Weeks
    Pipe-laying operations from Bandar Aftab (Garzeh) in Bandar Lengeh County, Hormozgan Province, to Kish Island for supplying natural gas to the island has begun, head of Kish Gas Field development...
  • Improved Water Quality for All Tehran Districts Next Year
    Tehran Comprehensive Water Supply Plan, dubbed Tehran Water Ring System, will be completed by next August and all districts will have access to the same water quality, Tehran’s governor said.  
  • Desalination Still in Its Infancy
    Desalinated water accounts for a meager 0.1% of the total annual water consumption in Iran while in some neighboring countries like Saudi Arabia it is 70%. Iran's annual water consumption is about...
  • Punctual Maintenance Adds to Power Output
    Production at power plants has increased by more than 2,000 megawatts in the past four years thanks to timely maintenance and repair programs, director general of the technical office of Thermal...
  • SP’s Last Onshore Refinery Near Completion
    The refinery of South Pars Gas Field Phase 14 will come online by mid-2021, project manager of the phase said. “Construction of the refinery has registered 84% progress,” Mohammad Mehdi...
  • Oil Drops 3 Percent
    Oil prices were down 3% on Friday after Donald Trump tested positive for Covid-19 and negotiators failed to agree a US stimulus package just as rising global oil output threatens to overwhelm a...
  • Hydropower Output at 14,500 GWh
    Power production from hydropower plants reached 14,500 gigawatt hours between March 20 and September 14, director of Iran Hydroelectric Power Management Center Farbod Estiri said. “Hydroelectric...
  • Annual Crude, Petroleum Product Transfer Reaches 128 Billion Liters 
    An estimated 350 million liters of oil and oil byproducts were supplied daily via pipelines in 2019, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and...
  • Yazd Water Loss Inadmissible
    Non-revenue water in Yazd Province is 20%, of which 10% is real loss (through leaks, also referred to as physical loss) and 10% is apparent losses (theft and meter measuring errors), provincial...
  • Rise in Hendijan Oil Field Production
    The wellhead Platform 7 of Hendijan Oil Field in the Persian Gulf was installed late on Monday, managing director of Iranian Offshore Oil Company, operator of the field, said. Weighing 1,000 tons...
  • Power Industry Future at Risk
    Iran’s power industry has not developed as would have been expected in the last eight years, head of the Federation of Iranian Energy Exports Industries said. “Close to 4,000 megawatts were added...
  • Iran Fuel Demand Sees Record Plunge
    Demand for gasoline fell by 24% between May and August compared to the corresponding period last year, head of the Gasoline Station Owners' Association (GSOA) said. “Gasoline consumption exceeded...
  • Rise in Urmia, Isfahan Power Output
    The first steam unit of Urmia Power Plant in Urmia in West Azarbaijan Province is to come online on Tuesday. With a capacity of 160 megawatts, the unit was cost $150 million, the Energy Ministry...
  • Viral Spread Ups Gas Consumption
    Covid-19 pandemic has raised natural gas consumption in the household sector by 30 million cubic meters per day over the past six months compared to a year ago, head of the National Iranian Gas...
  • Oil Slips as Surge in Virus Cases Further Clouds Demand Recovery
    Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months...
  • Industrial Productivity Growth Low Despite Rising Power Consumption
    Power consumption of industries has increased by 12% since the beginning of the current fiscal in March compared to a year ago, but the rise has not transformed into decent productivity growth,...
  • IGTC Bolsters Gas Storage
    Natural gas stored in the two underground storage facilities in Sarajeh and Shourijeh increased in the first half of the current year (March 20-Sep 21) compared to the same period last year,...
  • Research Firm Develops MTP Technology
    Petrochemical Research and Technology Company has been granted a patent from the European Union for developing technology to convert methanol to propylene (MTP), the managing director said. An MTP...
  • Abfa Says Cannot Meet Rising Costs
    The widening gap between what consumers pay and the final cost of water treatment and supply has pushed the state-owned Tehran Province Water and Wastewater Company (Abfa) into the red to the tune...
  • RCUWM Members to Expand Collaboration
    The 11th virtual meeting of the Regional Centre for Urban Water Management governing board was held Sep 23 with 53 participants from 16 countries and 10 international organizations to discuss...
  • Oil Heading for Weekly Drop as Virus Demand Concerns Mount
    Oil prices edged higher on Friday but were set for a weekly decline due to mounting worries about the impact on fuel demand of a widespread resurgence in coronavirus infections, as well as some...
  • Petrochemical Industry Reports $15b Revenue
    Petrochemical companies in Iran produced 30 million tons in the last fiscal that ended in March, of which 22 million tons were sold in global markets, managing director of National Petrochemical...
  • Energy Coop Talks in Kabul
    A deputy energy minister has expressed the hope that Iran and Afghanistan would expand cooperation in all areas of trade, transit, and electricity. Homayoun Haeri said this in a meeting with the...
  • Water Demand in Tehran Intensifies
    Potable water consumption in Tehran Province jumped to 626 million cubic meters in the last water year that ended on Sep 22, managing director of Tehran Regional Water Company said. “This was up 8...
  • Groundwater Extraction a Serious Cause for Concern
    On average 50 billion cubic meters of water is extracted from almost 500,000 authorized wells per year, resulting in huge water deficits in most plains, director of the National Water and...

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