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
  • Despite More Water in Tehran Dams: Complacency Could Be Hazardous
    The five dams supplying water to Tehran have more water compared to the previous years; however, as the capacity of surface water pipelines is limited due to seepage and rusting infrastructure,...
  • Iran Power Deficit Could Result in Load Shedding
    Electricity consumption peaked to 47,400 megawatts on Saturday – up 8% compared to the corresponding period a year ago, planning and economic affairs deputy manager at the state-affiliated Power...
  • Safe Water for 800+ Towns in Gilan
    An estimated 151,000 households in 818 small towns and villages on the outskirts of urban and rural areas in northern Gilan Province have been supplied with piped water since 2001, managing...
  • Russia Meets OPEC+ Target in May
    Russia’s average daily oil output in May fell below its OPEC+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of...
  • Oil Posts Biggest Monthly Drop in 6 Months
    Oil slumped over 3% on Friday and posted its biggest monthly drop in six months, after US President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, a key US trade...
  • Pressure Mounts on Asian Refiners’ Profits
    Although refiners in Asia are not left without choice for crude after the end of the US sanction waivers for Iranian oil, the higher price of alternative supplies, as well as soaring fuel exports...
  • Tajik Minister Discusses Energy Issues
    In a meeting with Energy Minister Reza Ardakanian in Tehran, Tajikistan’s Foreign Minister Sirodjidin Mukhriddin called for strengthening cooperation between the two sides. Expressing pleasure...
  • Iraq Paying Gas, Electricity Import Bills to Iran
    Despite major obstacles the United States has created for Iran's energy customers, Iraq continues to purchase gas and electricity from Iran and pay for it.  US sanctions on Iran’s banking sector...
  • Mounting Water Challenges Demand Wisdom, Harmony
    So long as national interest is sacrificed at the altar of self-interest, water-related challenges cannot and will not be addressed, a deputy energy minister in the National Water and Wastewater...
  • US Sanctions Hit OPEC Output Despite Saudi Boost
    Top oil exporter Saudi Arabia has raised production in May, a Reuters survey found, but not by enough to compensate for lower Iranian exports which collapsed after the United States tightened the...
  • Ability of Domestic Firms to Build SP Compressor Stations Questioned
    Installation of offshore compressor stations in South Pars Gas Field off the Persian Gulf is the most effective approach to control gas pressure reduction, the managing director of Pars Oil and Gas...
  • Iran: Smart Fuel Cards Mandatory From August 11
    The plan to restart the use of smart fuel cards will come into effect in two months. As per a directive issued by the National Iranian Oil Products Distribution Company, car owners as of August 11...
  • Russia Considers Extending Oil Output Cut
    Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries and other producers, Russian First Deputy Prime Minister Anton...
  • Iran's Solar Power Expansion in Kerman
    A new solar power station in the southeastern Kerman Province has been connected to the national power grid. Built over two hectares in Qaleh Ganj County, it is the eighth solar farm in the desert...
  • Gazprom Mulling Over Iran Hydrocarbon Projects
    Gazprom is exploring the possibility of participating in Iran's oil and gas development projects, deputy CEO of Russia’s top gas producer said Tuesday. "As of today we are reconsidering our...
  • Iran Awaiting OVL’s Final Position on Farzad-B Gas Project
    Oil Minister Bijan Namdar Zanganeh said Tuesday the National Iranian Oil Company has invited the Indian consortium led by ONGC Videsh Ltd (OVL) to negotiate for the last time on the development of...
  • India Keen on Resuming Oil Imports From Iran
    Weeks after India stopped oil imports from Iran, the Modi government is keen to resume supply from the country and is looking at ways to make payments in Indian rupee to get around US sanctions,...
  • Reduce Your Electricity Use
    Energy Minister Reza Ardakanian has warned that despite high precipitation in the spring, power cuts are likely in summer unless consumption is curbed, especially in the peak hours. "Hydroelectric...
  • Kuwait Sees Balanced Oil Market by Yearend
    The oil market is expected to be in balance toward the end of 2019, as global inventories fall and demand remains strong, but OPEC’s job is not done yet, Kuwait’s oil minister told Reuters.  
  • First Phase of Aras River Project Ready
    The first phase of a plan to transfer water from Aras River in northwest to Tabriz in East Azarbaijan Province is to be inaugurated by President Hassan Rouhani, the provincial governor general said...
  • Iran Petrochem Output and Export Rising
    Non-oil exports from the giant South Pars gas field off the Persian Gulf shows an upward trend despite the new US sanctions, head of the customs office of Pars Special Economic Energy Zone said. ...
  • NIGC Expands Reach in West Azarbaijan
    Natural gas supply to West Azarbaijan Province is expanding and 11 more small towns and villages are now linked to the national grid, managing director of the National Iranian Gas Company said.  
  • Heavy Oil Shortage Hinders US Refiners
    A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for the summer.  
  • Projects Underway to Help Increase Iran's Petrochemical Output
    When six petrochemical projects come on stream, the industry’s annual feedstock capacity will increase by 15 million tons, head of the National Petrochemical Company said. The six projects that...
  • Isfahan Refinery to Build Mazut Processing Unit
    Isfahan Refinery is to build a unit to process its mazut output, managing director of the National Iranian Oil Refining and Distribution Company said.  

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