Oil prices stabilized on Friday and were on track for their biggest weekly drops since November after seesawing on fears of escalating bans on Russian oil versus efforts to bring more supply to…
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 Tanker Company will soon sign a contract with Iran Shipbuilding and Offshore Industries Complex Company in southern Hormozgan Province, based on which the latter will build…
Bandar Abbas Power Plant in Hormozgan Province was built by the Italian company Franco Tosi and until recently 100% of its equipment were imported, managing director of the plant said. “However…
The steam unit of Chabahar Power Plant in Sistan-Baluchestan Province was linked with the national electricity grid on Saturday, the head of Saba Power and Energy Holding, a subsidiary of…
Close to 354 million liters of crude oil and its derivatives have been transported daily via pipelines in the last 12 months, indicating a 65% rise over the last 40 years, managing director of…
Majlis Research Center, the influential research arm of the parliament, expressed its strong objection to officially abolishing a law based on which Daylight Saving Time is practiced. According…
The second phase of a major pipeline project to supply water from Karoun River to rural districts in Ahvaz, Khuzestan Province, has progressed by 53%, the director of National Water and…
Private power producers who built plants with loans from the National Development Fund of Iran (the sovereign wealth fund), are unable to repay their debts, managing director of Iran’s Thermal…
Oil prices fell on Sunday at the start of the session, extending last week's decline, as a US official said Russia was showing signs it might be willing to have substantive negotiations over…
Gas production at Shahid Hasheminejad Gas Processing Company in Khorasan Razavi Province has increased by 500,000 cubic meters per day this winter, the head of the refinery said. “Our winter…
The Research Institute of Petroleum Industry has completed a pilot scheme to convert mazut to higher value-added products, including petroleum coke that’s used in steel production, the head of…
To complete the propane value chain, Pars Petrochemical Company in Pars Special Economic Energy Zone in southern Bushehr Province, has planned to develop the downstream industry by building…
Water from four dams in West Azarbaijan Province has been released to shore up Lake Urmia, the provincial Regional Water Company’s deputy of protection and operation said.
Although daily gasoline consumption in Iran has exceeded 100 million liters since March 16, there are no worries regarding the fuel supply during the Norouz (Iranian New Year) holiday season…
Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned. …
Oil prices rose as much as $3 on Wednesday, bouncing back after earlier declines, as Russia's invasion of Ukraine continues to stoke volatile trading with ceasefire talks the latest market…
The National Iranian Oil Company has assigned Iran Marine Industrial Company (SADRA) the task of completing the third development phase of the South Pars Gas Field's oil layer, managing director…
Hamedan, the capital of the namesake province, and Sanandaj, the capital of Kurdestan Province, are among Iranian cities that have been dealing with water issues for years. Although…
Attracting domestic and foreign investments for the development of upstream oil and gas sectors tops the Oil Ministry’s priority list, as it is essential to ensure the security and supply of…
Every drop should count in Iran not only due to the unequal distribution of water resources but also because of uncertainties about precipitation, and the tough challenge can be tackled through…
Iran will start drilling operations at the Arash gas field in the Persian Gulf in the near future, Oil Minister Javad Owji said. “Comprehensive studies on the joint Arash field have been…
The National Iranian Oil Company has boosted its crude oil refining capacity to 3.8 million barrels per day, returning to levels not seen before the US withdrawal from the nuclear deal and…
From March 19, two days before the beginning of the Norouz (Iranian New Year) holiday season, until its end on April 3, on average 112 million liters of gasoline were consumed every day across…
South Zagros Oil and Gas Production Company has completed the first phase of Khesht Oilfield’s development in Fars Province, managing director of the National Iranian Oil Company said. "Phase 1…
Oil prices inched higher on Monday as worries about tight supply persisted even as investors eyed the release of supplies from strategic reserves from consuming nations and a truce in Yemen…
