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
  • Qeshm Supplies More Desalinated Water
    The supply of desalinated water to Dargahan rural district on Qeshm Island has increased by 70%, Hormozgan Province, the head of the provincial Water and Wastewater Company said. “The expansion of...
  • Oil Declines by Over $2 on Beijing's Covid-19 Warning
    Oil prices dropped more than $2 on Monday as a flare-up in Covid-19 cases in Beijing dashed hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and sluggish...
  • Gasoline Imports Likely in 2023
    The National Iranian Oil Refining and Distribution Company has no plans to import gasoline unless the current unsustainable consumption pattern changes for the worse, said the director of...
  • New Plant Supplies Power to South, Southeast Regions
    The first gas unit of Mahtab Kavir Power Plant in Zarand County, Kerman Province, has been connected to the national electricity network, director of the power project at the Thermal Power Plants...
  • Karkheh Dam Water Continues to Deplete
    The water stored in Karkheh Dam in Khuzestan Province has had a drastic decline in the past few months, managing director of the dam said. “Due to the fall in precipitation in the past two years,...
  • Tehran Oil Refinery Pursues Environmental Sustainability
    Tehran Oil Refining Company has installed a stack emission monitoring system to monitor gas emissions in real time, the head of the refining company said. “The online system will help measure the...
  • Second Iran-Made Oil Tanker Delivered to Venezuela
    Iran delivered the second domestically manufactured Aframax oil tanker to Venezuela on Saturday at a ceremony held in Tehran in the presence of President Ebrahim Raisi and his Venezuelan...
  • Hydroelectric Plants to Generate 15m MWh of Electricity by Yearend
    Hydropower plants are expected to inject more than 15 million megawatt hours of electricity to the national power grid by the end of the current fiscal year (March 2023), the deputy head of...
  • 70% of Drilling Rigs Manufactured Domestically
    About 70% of drilling rigs in Iran are produced domestically, the National Iranian Oil Company's deputy director for exploration affairs said.  “This is while until 30 years ago, 90% of the...
  • Europe Cannot Ban Russian Gas Anytime Soon
    Hungarian Foreign Minister Peter Szijjarto has ruled out the prospect of a Russian gas ban in the European Union’s next package of sanctions, calling it “impossible”.  
  • Tehran Water Capacity Dented by Poor Rainfall, High Consumption
    Daily water consumption in Tehran has exceeded 3.6 million cubic meters, which is unprecedented for this time of the year, the deputy head of Operations Department at Tehran Province Water and...
  • Thermal Power Generation Capacity Rises by 2,500 MW
    With the synchronization of 11 gas and steam units with the national grid in thermal power stations across the country, the capacity of Iran's thermal power plants has reached 71,000 megawatts,...
  • OPEC+ Production Rebounds
    Crude oil production from OPEC and its Russia-led allies rebounded modestly in May from a steep drop in April, but remains well short of its collective quotas, highlighting the group's continuing...
  • BIPC Output Soars 111% in 80 Days
    Bandar Imam Petrochemical Company in Mahshahr, Khuzestan Province, has raised its output in the first 80 days of the current Iranian year (March 21-June 8). BIPC produced more than 777,000 tons of...
  • New Bushehr Plants to Triple Desalination Capacity in 2023
    Desalination plants with a total capacity of 120,000 cubic meters per day are under construction across the southern Bushehr Province, the managing director of Bushehr Water and Wastewater Company...
  • Diesel Treatment Unit at Isfahan Refinery Operational in 2 Months
    The diesel treatment unit of Isfahan Oil Refining Company in Isfahan Province will become operational within the next two months, the managing director of the company said. “Costing $600 million,...
  • WTI, Brent Prices Advance
    Oil prices drifted higher on Wednesday, anticipating a report of low US oil stocks, while expectations of solid demand in the upcoming driving season also lent support.  
  • South Pars 9th Refinery Near Equipment Self-Sufficiency
    The ninth refinery of the South Pars Gas Complex is almost self-sufficient in the manufacture of equipment and parts used in the refinery, the deputy director of the complex said.  
  • Electricity Consumption Close to 60 GW
    Power consumption in Iran was near 60 gigawatts on June 6, which is unprecedented for this time of the year, spokesman of the electricity sector said. “The figure reached 59,892 megawatts on...
  • Iran Outlines Policy on Border Rivers, Shared Water Resources
    Interacting with neighbors within the framework of bilateral agreements and building technical and diplomatic cooperation are Iran's declared policy regarding trans-border rivers and shared water...
  • Zanjan Expands Capacity for Using Recycled Wastewater
    With the completion of the second phase of Zanjan Wastewater Treatment Plant in October, it will cover 410,000 people in the northwestern city, the head of provincial water company said.  “The...
  • Iran Continues Exporting Over 1 Million bpd of Oil
    Iran continued to export more than 1 million barrels of oil per day in the first two months of the current Iranian year (March 21-May 21), which is 40% higher than what Iran sold in the same period...
  • Iraq Power, Gas Debts to Iran Surpass $5 Billion
    Iraqi debts to Iran for electricity and natural gas imports has surpassed $5 billion, a board member of the Iranian Oil, Gas and Petrochemical Exporters Association said. “Iraqi officials claim...
  • KPC Finds New Market in the Balkans
    Karoun Petrochemical Company and the Boss Pool Company from Bosnia-Herzegovina have signed an agreement to collaborate in the field of petrochemicals. The agreement seeks to expand cooperation in...
  • Brent Climbs Over $120
    Oil futures gained on Monday, with Brent rising above $120 a barrel after Saudi Arabia raised prices for its crude sales in July, signaling tight supply even after OPEC+ producers agreed to...

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