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
  • 3 Petrochemical Projects Come Online
    Three petrochemical projects became operational in the past week and will help complete the value chain of the key industry as the country gradually moves away from an oil economy to exporting...
  • Water Shortages and Pollution Punishing Asalouyeh Residents
    Despite the huge oil and gas resources in Asalouyeh County in Bushehr Province, local residents suffer from major problems, namely water shortages and air pollution. For years water in summer is...
  • Report Awaited on Prospects for Iran-Russia Electricity Agreement
    A study on the synchronization of Iran’s and Russian electricity networks is to be completed in the next few months and if all goes well executive operation will begin, the energy minister said...
  • Oil Extends Losses as Stockpiles Rise Amid Weakening Demand
    Oil prices fell for a second day on Friday, pressured by a surprise rise in US stockpiles as the coronavirus pandemic continues to erode demand for fuels.  
  • Gas Condensate Terminal Opens in Qeshm Island
    The first phase of a gas condensate loading and export facility became operational on Thursday in Dayrestan, a village in Shahab District, Qeshm Island in Hormozgan Province. The terminal has six...
  • SP Gas Condensate Goes Largely to Major Refiner
    South Pars Gas Complex produces 650,000 barrels of gas condensates per day, a major part (500,000 barrels) of which is piped to the Persian Gulf Star Refinery in Hormozgan Province to be converted...
  • Kerman to Get Sea Water in Oct
    The first phase of a project to transfer water from the Persian Gulf to Kerman and Yazd provinces will be launched in October, thanks to the concerted efforts of private and state companies,...
  • Oil Prices Reverse Some Losses, But Demand Concerns Persist
    Oil futures clawed back some of the losses they sustained in the previous session, but a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in global demand.  
  • Entire Isfahan Province Linked to Gas Grid
    With piped gas supply to 116 villages in Isfahan Province in the last seven years, the majority of its rural population now have access to stable gas supplies. More than 26,000 kilometers of gas...
  • 6% Growth in Petrochem Output
    Iran's petrochemical industry is moving ahead as data show an upswing in production in recent months from last year's corresponding period, director of production control department at the National...
  • Oil Skids as Demand Optimism Fades
    Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about...
  • Electricity Production Rising in Yazd
    Two solar farms and two small-scale power stations were inaugurated in Yazd Province on Monday. A 5 megawatt farm came online in Nir, a town in Taft County, and a 10 MW photovoltaic power center...
  • Gas Main Source of Power Generation
    Supplying natural gas, instead diesel and mazut, to power plants, has doubled to 200 million cubic meters per day since 2013, the National Iranian Gas Company chief said.  “Natural gas accounted...
  • Construction of Biggest Solar Farm Underway in Fars Province
    Construction of Iran’s largest solar farm has begun in the north of Fars Province, the governor said. “The project is being carried out by Merat International Group in cooperation with foreign...
  • Warning Against Free Electricity Plan
    Free or subsidized electricity cannot help tackle the array economic ills and challenges, but wrong policies will certainly lead to more complex issues, a veteran economist says. Denouncing the...
  • Gasoline Quality Conforms to EU Standards: NIODC
    The level of the hazardous elements in gasoline in Iran complies with quantity set by the European Union emission standards, spokesman of the National Iranian Oil Products Distribution Company said...
  • Barely 2% of LPG Output Used in Transportation Sector
    After gasoline was rationed last November and the price of non-subsidized fuel doubled, some motorists turned to using other types of fuels for their cars such as compressed natural gas and...
  • Largest Solar Panel Plant in Ardabil Nearing Completion
    The largest solar panel manufacturing plant in Iran will be launched in Ardabil Province early next year (starts March 2021), the governor said Thursday. “Built by a private company, the factory...
  • Oil Near $44, Heads for Weekly Drop as Demand Concerns Rise
    Oil held around $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the COVID-19 pandemic.  
  • 310 Megawatts Added to Kermanshah Power Output
    The second 310-megawatt gas unit of Dalahou Combined Cycle Power Plant in Eslamabad-e-Gharb County in Kermanshah Province, started operation Thursday as part of the government’s power...
  • Abfa Wants Municipality To Rewrite Water Policy
    Tehran Municipality takes out 180 million cubic meters of water from depleting underground resources in the sprawling capital per year, director of the National Water and Wastewater Engineering...
  • Sistan and Baluchestan Gas Pipeline Project in Fast Lane
    Gas supply to Sistan-Baluchestan, Iran’s second largest province, will be completed by 2023, head of the provincial gas company told a press conference. Reza Panjabi said pipe laying and...
  • Iraq Wants Exemption From OPEC+ Cuts in Q1 2021
    Iraq is seeking exemptions from OPEC+ cuts in Q1 of 2021 and has discussed the issue with key producers in the 23-member coalition during three consecutive meetings, state-owned al-Sabaah newspaper...
  • Virus Destroying Gasoline Demand
    Gasoline consumption declined in the eighth month (July 21-August 21) of the Iranian calendar year by 30% compared to the corresponding period last year, a member of the Gasoline Station Owners'...
  • Siemens Advances Canada’s Decarbonization Efforts
    Furthering its commitment to decarbonizing the energy sector worldwide, Siemens Energy has been selected to provide its highly efficient gas turbine technology and long-term services to the planned...

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