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
  • A Bright Future for Methanol
    Methanol production capacity almost doubled in the past two years to 12 million tons in 2020 following the start of new petrochemical facilities in Assaluyeh in the southern province of Bushehr,...
  • Russia Expects Oil Between  $45 and $80 by 2035
    Crude oil prices will trade in a range between $45 a barrel and $80 a barrel in the period until 2035, under a set of scenarios developed by the Russian energy ministry in a draft general plan for...
  • Need for 29,000 Tons of Catalysts p.a. by 2026
    The Majis Research Center in a report said Iran will need 29,000 tons of catalysts annually by 2026 worth an estimated $692 million for the petrochemical, refining and gas sectors, head of the...
  • $50b Needed to Boost Gas Output
    An estimated $50 billion is needed to develop and maintain gas fields across Iran over the next 20 years, managing director of Pars Oil and Gas Company, a subsidiary of the National Iranian Oil...
  • Oil Steady as Supply Cuts Offset Demand Worries on Stalled Rollout of Vaccines
    Oil prices were slightly lower in subdued trade on Friday, sticking to ranges seen over the past three weeks, as investors looked for signs of changing supply and demand fundamentals.  
  • Tehran Water Reclamation Capacity to Reach 442 mcm
    The Firouz Bahram Wastewater Treatment Plant at the southwestern tip of Tehran will raise yearly water reclamation capacity by nearly 76%, head of the provincial Water and Wastewater Company said...
  • Oil Up Above $56 on Lower US Stockpiles
    Oil rose above $56 a barrel on Wednesday after industry data showed US crude inventories fell unexpectedly and as concerns eased about a resurgence in coronavirus cases in China, the world’s second...
  • Access to Water and Power Improves in Four Provinces
    Twenty three water and electricity projects costing $34 million came on stream in four provinces on Tuesday including 11 in Qom Province, 10 in Zanjan, two in Isfahan and Semnan provinces, the...
  • Energy Company to Complete Key Tunnel Project in Tajikistan
    Iran Water and Power Resources Development Company (a subsidiary of the Energy Ministry) signed an agreement with the Tajikistan Ministry of Transport to complete the second phase of Tajikistan's...
  • Tehran, Yerevan Discuss Energy Coop.
    Iran and Armenia explored grounds to boost collaboration in the energy sector in a meeting Monday between the visiting Economy Minister of Armenia Vahan Kerobyan, and Energy Minister Reza...
  • Desalination Drive Picks Up in Southern Hormozgan Province
    Supply of desalinated water to Hormozgan Province will increase by 30% or 40,000 cubic meters per day to 170,000 cm/d in March. "Desalination plants in the southern region, which produce 130,000...
  • Iran Top Producer, Exporter of Gasoline in the Mideast
    Iran is the largest producer and exporter of gasoline in the Middle East and exports directly to Afghanistan, Pakistan, Armenia, the Republic of Azerbaijan and Iraqi Kurdistan, a deputy oil...
  • WTI, Brent Prices Edge Up
    Oil prices edged up on Monday as a weaker dollar offset fresh concerns about the hit to global fuel demand from renewed lockdowns to curb the spike in Covid-19 infections.  
  • NISOC Collecting APG  With Private Sector Help
    The National Iranian South Oil Company collects more than 19 million cubic meters of associate petroleum gas per day in cooperation with private firms and in line with the plan to zero gas flaring...
  • Iran Oil Exports on the Rise
    Iran set the highest record of oil products export during the past three years when the country was under tough sanctions imposed by the former US administration, the Oil Minister said at the...
  • Gas Production Reaches 1b Cubic Meters a Day
    Natural gas output has reached 1 billion cubic meters per day, managing director of the National Iranian Gas Company said Saturday. "Iran is a major gas producer and daily output now is the...
  • Industries Urged to Adjust Power Consumption to Off-Peak Hours
    The state-run Power Generation, Distribution and Transmission Company’s (Tavanir) is to sign contracts with industry owners to shift consumption from peak (11 pm to 7 am) to off-peak hours, head of...
  • Future Decline in SP Gas Output Cause for Concern
    Pressure reduction in South Pars Gas Field off-shore wells is expected to start from 2025 and gas production will be as low as 400 million cubic meters in 2032, down 100% compared to present levels...
  • Construction of Taj Amir Dam in Lorestan Resumes After 2 Years
    Work on Taj Amir Dam in Nurabad City, Delfan County, Lorestan Province, has resumed after a 2-year hiatus, managing director of the provincial Regional Water Company said. “Construction of the dam...
  • CNG Filling Stations in a Quandary
    So long as profit margin for retailers in the CNG sector remains low, the privately-owned industry is unlikely to grow, head of the Iran CNG Association said. “The cost of managing and developing...
  • $3.4b Gas Refinery Opens in Khuzestan
    The $3.4 billion Persian Gulf Bidboland gas refinery was inaugurated Thursday in Khuzestan Province to trap associated gas from crude oil production instead of flaring, the managing director said...
  • CO2 Recycling Plant Helps Curb Air  Pollution in Khuzestan Oil Province
    The first industrial and food-grade carbon dioxide cargo, produced at a CO2 recycling plant by the Sugarcane and Byproducts Development Company in Khuzestan Province, was exported to Iraq. Abdeali...
  • Iran: Renewables in Expansion Mode
    Fifty-five million dollars was allocated for the Renewable Energy and Energy Efficiency Organization (Satba) in this Persian calendar year (March 2020-2021) and will be doubled next year to $102...
  • Offshore Pipe-Laying Work Begins for Iran's Jask Oil Terminal
    The operation to lay offshore pipelines for Jask Oil Terminal has started, the head of the project said.
  • Challenges of Water Management
    Availability of and access to water is the responsibility of those who manage this finite resource. Period.  Professor Neda Torabi Farsani goes straight to the heart of the matter in her response...

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