Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
July 21, 2023 17:55
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October 11,2019Projects to decrease groundwater extraction in Yazd Province have helped reduce the rate of depletion of groundwater in plains and aquifers. An average one billion cubic meters of water is... -
October 11,2019Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions...
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October 11,2019Reviving the gasoline rationing system with two rates can help curtail rampant smuggling and help boost exports, a board member of the Iranian Oil, Gas and Petrochemical Products Exporters’...
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October 11,2019The last offshore platform of South Pars Gas Field phases 22-24 was successfully loaded at Iran Marine Industrial Company, also known as SADRA, in Bushehr Province Thursday. With a capacity to...
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October 11,2019OPEC trimmed its forecast for oil demand growth for the third month in a row on Thursday, citing weaker-than-expected data in the Asia Pacific region as well as advanced economies in the Americas...
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October 09,2019There has been no rise in electricity tariffs despite the elimination of paper billing, the Energy Minister said in Tehran on Tuesday.
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October 09,2019Hidden subsidies paid to industry, mining and petrochemical sectors last fiscal year (March 2018-19) for gas and electricity reached a staggering $9.5 billion, according to a new report by the...
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October 09,2019The amount of energy wasted in Iran due to daily flaring equals the energy produced by burning 5.5 million barrels of oil, a former lawmaker and a consultant to Majlis Speaker Ali Larijani revealed...
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October 09,2019Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies.
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October 08,2019Oil prices increased on Tuesday as unrest in Iraq and Ecuador raised supply concerns, but worries about US-China trade negotiations capped the market’s gains after President Donald Trump said a...
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October 08,2019The oil industry has been a driving force for local upstream and downstream companies including private enterprise working for or related to oil in some form or fashion. Oil Minister Bijan Namdar...
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October 08,2019To comply with the International Maritime Organization (IMO) new regulations for a 0.5% global sulphur cap for marine fuels, refineries are making concerted efforts to lower sulphur content in...
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October 07,2019Lavan Oil Refinery has started producing gasoline compliant with Euro-5 standards, the managing director said. “Completion of a development plan, costing $222 million, has helped the refinery...
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October 07,2019Oil prices were up on Monday, buoyed by hopes of progress in US-China trade talks and supported by challenges to supply facing major exporters.
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October 07,2019Saudi Aramco’s trading arm bought 70,000 tons of naphtha from Indian Oil Corp on Friday at premiums not seen since 2013 as it seeks to plug a supply gap following Sept. 14 attacks on its facilities...
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October 06,2019Oil Minister Bijan Namdar Zanganeh said Sunday Iran will use every possible method to sell its oil, adding that it is the country’s legitimate right. “We will use every possible way to export our...
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October 06,2019Completion of Tajikistan's Anzob Tunnel next year with the help of Iran’s private companies can help consolidate two-way relations. Sohrab Mirzazadeh, Tajikistan's deputy minister of transport...
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October 05,2019Several power projects were launched while work on other plants began Saturday during Energy Minister Reza Ardakanian’s visit to the southwestern Kohgilouyeh-Boyerahmad Province. The first phase...
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October 05,2019Consumption of environmentally-unfriendly liquid fuels like diesel and mazut in power plants and farming declined 31% over the past six years, the Oil Ministry's deputy for planning and economic...
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October 05,2019Although most energy officials, namely Oil Minister Bijan Namdar Zanganeh, say that raising gasoline prices would be the last resort to fight rampant smuggling and curtail rising consumption,...
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October 04,2019The secretaries general of the Organization of the Petroleum Exporting Countries and the Gas Exporting Countries Forum (GECF) signed a Memorandum of Understanding to strengthen cooperation in...
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October 04,2019The government-affiliated Power Generation, Distribution and Transmission Company (Tavanir) and Iran Fuel Conservation Company, a subsidiary of National Iranian Oil Company, signed an agreement on...
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October 04,2019Crude oil futures edged higher during mid-morning trade in Asia Friday amid bargain hunting after prices sank to near two-month low the day before, and were currently moving in a tight range...
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October 02,2019Natural gas projects worth an estimated $727 million are underway in Sistan-Baluchestan Province, head of Iranian Gas Engineering and Development Company said. "Connecting all cities in the...
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October 02,2019Ecuador said Tuesday it will leave the Organization of Petroleum Exporting Countries in January.
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