Oil prices fell on Friday, extending heavy overnight losses as a surge in US coronavirus cases this week raised the prospect of a second wave of the Covid-19 outbreak hitting demand in the world…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The National Iranian Gas Company can double the volumes it delivers to thermal power plants and supply at least 310 million cubic meters of natural gas a day to power stations at the peak of…
The ammonia unit of Lordegan Petrochemical Company in western Chaharmahal and Bakhtiari Province has started production, the managing director said. “The unit can produce 677,000 tons of…
Exxon will postpone the start of expansion works at its Beaumont refinery in Texas because of still slow demand for fuels, Bloomberg reported, citing unnamed sources familiar with the situation…
Roughly 6.5% of crude oil production in the US Gulf of Mexico remained offline on June 12 from Tropical Storm Cristobal's weekend saunter through the region, bringing the area's output closer to…
A multi-million pound fund has been set up to help the energy sector in Scotland recover from the dual economic impacts of coronavirus and the oil and gas price crash.
The first phase of a long-awaited project to divert water from Karoun River to Gheyzaniyeh rural district in Ahvaz, Khuzestan Province has come on stream, a deputy head of the provincial Rural…
Construction of a new wastewater treatment plant in Bandar Imam Petrochemical Company in southwestern Khuzestan Province is underway as the company has put environmental protection high on its…
It was too good to be true. Last weekend’s OPEC+ meeting took a decision in record time to extend deep output cuts that had halted a dramatic slide in prices — and members even agreed to abide…
A new report on global energy developments shows how far wind and solar have come—and hints at how far they’ll go. More than $2.7 trillion has been invested in building up renewable energy…
The Iranian Central Oil Fields Company has a project to collect and process associated petroleum gases from Dehloran oilfield on a daily basis, the managing director said. “The aim is to…
Iraq has asked BP to cut crude production at the nation’s biggest field of Rumaila by 10% as part of a push to comply with OPEC+ quotas, according to a person familiar with the matter, who asked…
By the end of next Iranian year (March 2022), the number of nomadic households using solar energy will double, head of Nomads Affairs Organization of Iran said. Now “25,000 nomad households…
Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could…
Average precipitation since the beginning of the current water year (Sept 23, 2019) until June 14, shows a 27-millimeter, or 8%, decline compared to the same period last year. Rainfall in 265…
To assist power supply during the hot summer, production of distributed generation (DG) power plants has increased 21% compared to last year. Electricity production generated with the help of…
The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the…
Oil prices rose more than 1% on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet commitments on cutting supply and two major oil traders said…
The 55 petrochemical companies in Iran annually use 35 million tons of natural and liquefied gas as feedstock to produce 31 million tons of products, managing director of the National…
An inflatable rubber dam has been built in Kermanshah Province, Deputy Energy Minister Qassem Taqizadeh Khamesi said. “Built on Sirvan River, the dam has a capacity to hold 280,000 cubic meters…
Growth in energy demand was declining even before the coronavirus pandemic spread globally, keeping consumers under lockdown and sending prices to record lows, BP said. The oil major’s annual…
Nearly all of the coal produced in the United States goes for electricity generation, but its share has eroded in recent years by growing natural gas-powered generation and rising share of…
Routine overhaul of power plants is over and there is no problem supplying electricity with the current rates of consumption. But if power use exceeds 60,000 megawatts, there is a possibility of…
Daily water consumption in Tehran has reached 3.6 million cubic meters that is unprecedented in the history of the metropolis, managing director of Tehran Province Water and Wastewater Company…
A project to complete the value chain of butane is underway in Mahshahr, Khuzestan Province, and will be over before the year is out in March 2021. Construction of the Ibne Sina Petrochemical…
