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
  • South Khorasan Runs Dry
    South Khorasan Province has been suffering from low levels of precipitation for two consecutive decades and almost 91% of the eastern province is affected by drought, director general of the...
  • Sino-Iran Ties in Perspective
    Iran and China signed a 25-year “Comprehensive Strategic Partnership” last month that is likely to result, among other things, in increased oil flow from Iran to the world’s second economic power...
  • Wood Mackenzie: Oil Could Plummet to $10 by 2050 if Paris Climate Goals Are Achieved
    The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting Paris Agreement goals, a consultancy said.   
  • Petrochemical Plant Sets Production Record
    Jam Petrochemical Company in Asalouyeh, Bushehr Province set a new record in production of olefin products last Persian calendar year (March 2020-2021), producing over 1.22 million tons of ethylene...
  • Urmia Lake Water Level Is Declining Again: ULRP
    The water level in Iran’s largest inland body of water (Lake Urmia) which was showed marked improvement in 2020, is falling, head of the Urmia Lake Restoration Project said.  “The current slump in...
  • Solar Water Heating Improves in Rural Kohgiluyeh-Boyerahmad
    In the past Iranian calendar year (March 2020-2021), 476 solar water heaters were installed gratis in Kohgiluyeh-Boyerahmad rural areas not linked to the gas grid, director general of the...
  • $1 Billion Gas Refinery Opens in Fars Province
    The Parsian Sepehr Gas Refinery became operational on Thursday in Fars Province, head of the company’s board of directors said.
  • Reclaimed Water for Tehran Agriculture and Industries
    The second phase of Firouz Bahram Wastewater Treatment Plan in southwest Tehran is near completion and set to become operational in summer, head of the state-owned Tehran Province Water and...
  • Wind Power to Reach S. Khorasan in Fall
    Construction of the Sarbisheh Wind Power Plant in Doreh rural district in South Khorasan Province is to be completed by fall, head of the renewable energy department of the provincial power company...
  • Gilan Lagging Wastewater Facilities
    Wastewater treatment facilities in northern Gilan Province is lagging behind due to poor and underdeveloped infrastructure, especially in the rural areas. An estimated 90 million cubic meters of...
  • Zahedan Expands Desalination
    The fourth unit of Zahedan Water Desalination Plant in Zahedan, Sistan-Baluchestan Province, was inaugurated Tuesday, managing director of the provincial Water and Wastewater Company said.  "Using...
  • Iran Oil Ministry to Invest in Startups
    Iran's Oil Ministry will invest $80 million in startups and knowledge-based firms, the oil minister said.
  • Isfahan Cannot Solve Its Water Problem
    Isfahan Province has been suffering from drought for years. It is facing new problems this year due to decline in precipitation that has resulted in further reduction of surface water and...
  • Oil Inches Higher
    Oil prices edged higher in rangebound trade on Monday on optimism about a rebound in the US economy as vaccinations accelerate, but rising Covid-19 cases in other parts of the world kept a lid on...
  • Debt to Private Power Producers to Be Settled
    The Energy Ministry is expected to settle its $100 million debt to owners of small-scale plants next month, spokesman for the state-run Iran Power Generation, Distribution and Transmission Company...
  • Green Energy Helps Save Water
    Close to 1 billion kilowatt hours of electricity was generated from alternative energy sources in the last fiscal that ended on March 20. This volume of clean energy helped reduce emission of 720,...
  • Gov’t Expediting Gas Supply to Baluchestan
    Projects to connect more urban and rural households plus industries to the national gas grid in Sistan-Baluchestan Province will be accelerated with new investments in the range of $800 million,...
  • Power Plants Improving Efficiency
    The efficiency of thermal power plants improved 2% in 2020 to reach 40% and cut natural gas consumption (feedstock) by two billion cubic meters, managing director of Iran's Thermal Power Plants...
  • Sustainable Water Resources Management Is Fundamental
    Lack of sustainable and long-term planning to combat water shortage can lead to serious consequences, the UNICEF representative to Iran said. “Located in an arid and semi-arid region, Iran has...
  • NPC Mobilizes to Expand Polypropylene Production
    A project to produce catalysts used in polypropylene and high-density polyethylene will be launched at the Arak Center of the Petrochemical Research and Technology Company, Markazi Province, in the...
  • Zabol Wind Farm Project Gains Momentum
    Construction of a wind farm in Mil-e-Nader Wind Farm zone in Zabol, Sistan-Baluchestan Province, has gained momentum as 10 more turbines each with a capacity of 2.5 MW have arrived at the site,...
  • Gilan Renewable Share Meager
    Power plants in Gilan Province generated ten million megawatt hours of electricity in 2020 of which only 500,000 MW hours was from renewables, head of the marketing office of the provincial power...
  • Oil Edges Down as Investors Weigh  Rising Supplies, Demand Outlook
    Oil prices edged down on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the Covid-19 pandemic.  
  • Drought and Groundwater Overdraft Problems Persist
    Iran is among the countries facing extreme water stress and the situation is very likely to deteriorate this summer due to low rainfall since the current water year (began Sept 2020), the chairman...
  • Goureh-Jask Oil Pipeline Project in Final Phase
    The Goureh-Jask crude oil pipe-laying operation has been completed and welding is in the final stages, managing director of the Petroleum Engineering and Development Co., a subsidiary of the...

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