Energy

Challenges in the face of water shortages in Iran have been long dubbed as a major crisis but the reality is that the country now is on the verge of water bankruptcy, the chairman of the…

The first phase of Ibn Sina Petrochemical Company in Mahshahr, Khuzestan Province, will be launched in the near future to complete the butane value chain, managing director of the company said…

Oil extraction from the shared West Karoun block in southern Khuzestan Province has reached 420 barrels per day – a six-fold increase compared to 2013. Quoting Oil Ministry data, IRNA said the…

Construction of two petrochemical plants to produce ethylene oxide (EtO) and ethylene propylene diene monomer (EPDM) rubber will begin in Andimeshk, Khuzestan Province, director of Iranian…

A project to drill oil in the Moghan Plain, Ardabil Province, will start by July, the project manager said. “An onshore drilling rig owned by the National Iranian Drilling Company is on the way…

Navidsahand Company, a knowledge-based company in Tabriz, East Azarbaijan Province, has indigenized two advanced multistage centrifugal pumps used in the oil and gas industry, the managing…

Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations…

Nomad families have taken delivery of 60,0000 portable solar power generators in the last three years, the deputy head of Nomadic Affairs Organization said. “Of the total 250,000 nomad…

Researchers and engineers at Atieh Pardazan Sharif Company, a knowledge-based firm, have manufactured a seawater electrochlorination system that can treat and disinfect saline water and provide…

Natural gas condensates output is expected to double by the end of the calendar year next March, the state news agency reported.  An estimated 650,000 barrels of gas condensates are…

Construction of Khorramrud Dam in Tuyserkan County, Hamedan Province, has made 40% physical progress, the managing director of Hamedan Regional Water Company said. “Built on a namesake river,…

Oil rose on Monday after major US fuel pipeline operator Colonial Pipeline had to shut fuel pipelines due to a cyberattack, raising concerns about supply disruption and pump price increases.

Iran’s state and private sector electricity producers are willing to help rehabilitate Iraq’s crumbling power infrastructure but the Baghdad government does not seem interested, the energy…

A resurgent Iran pumped its largest volume of crude in almost two years in April, while an increasingly compliance-challenged Russia also boosted its output yet again, bringing total production…

Desalination in the southern Bushehr Province increased 2.5 fold in the past three years but is not enough, head of the provincial Water and Wastewater Company said. “Two desalination units…

A number of unnamed petrochemical company managers in Mahshahr Special Petrochemical Economic Zone in Khuzestan Province have been charged with violating environmental standards and will be in…

Production of polyethylene terephthalate, better known as PET, at Shahid Tondgouyan Petrochemical Company topped 107,000 tons in the first month of the current Persian calendar year (March 21-…

If the state-run National Iranian Oil Refining and Distribution Company was not self-reliant in gasoline production, it would have to spend an estimated $20 billion to import the fuel in the…

Iranian companies will produce pipes for 28 oil reservoirs in the south and southwest, managing director of the National Iranian South Oil Company said. “The project includes laying 5,000 km of…

The National Iranian Gas Company's output stood near 260 billion cubic meters in 2020.  As per data released by the state-run NIGC (a subsidiary of the National Iranian Oil Company), of…

Eleven petrochemical projects in the last fiscal year that ended in March contributed to the value chain and expanded the National Petrochemical Company’s annual production capacity by 15%, from…

Oil prices recovered after a 1% dip in the previous session on buoyant economic data from China and the United States, even as the surging Covid-19 pandemic in India capped prices. Brent crude…

Rural gas supply projects in Kermanshah Province continued in the last Persian calendar year (March 2020-2021) and 9,374 households in 219 villages were connected to the gas grid, managing…

The steam unit of the Qeshm Combined-Cycle Power Plant, aka combined cycle gas turbine (CCGT), in Qeshm Island in southern Hormozgan Province, will come on stream next year, the island’s…

Oil prices rose for a third day on Wednesday as easing of lockdowns in the United States and parts of Europe heralded a boost in fuel demand in summer season and offset concerns about the rise…