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
  • Russian Oil Output Rises in June
    Russian daily oil output rose in June to 11.15 million barrels per day, up from 11.11 million bpd in May, still below the amount agreed in a global deal to cut production, the country’s energy...
  • Uptrend in Iran's Petrochem Exports, Domestic Sales
    Petrochemicals exports have increased by 3% in the last seven years, Majlis Research Center said in a report. "The figure stood at 18.2 million tons in 2011 and surpassed 20.3 million tons in 2017...
  • Tehran Wastewater Network Awaiting Funds
    An estimated $2 billion have been spent on Tehran’s wastewater network development plan since 1995, the head of provincial wastewater company said. "The venture has totally registered a work-in-...
  • China Grants More Crude Oil Import Quotas to Refiners
    China is allowing additional crude oil import quotas to predominantly private oil refiners in the world’s top oil importer, Reuters reported on Tuesday, citing a document it has seen.   
  • Ambassador to India: Iran Can Protect India's Energy Affordability, Security
    Amid US sanctions, Iran on Tuesday said it believes India will act in its national interest on the issue of oil imports and Tehran can act as a "protector" of India's energy security.  
  • No PET Shortage in Summer
    The production of polyethylene terephthalate (PET), a form of polyester used to manufacture plastic bottles, has surged by 10% in the last three months, the head of Shahid Tondgouyan Petrochemical...
  • Iran Encouraging Renewables Export
    The Renewable Energy and Energy Efficiency Organization (Satba), affiliated to the Energy Ministry, has taken measures to encourage investors to export renewable energy, the head of the...
  • Brent, WTI Prices Surge as OPEC Extends Cuts
    The letter of association drawn up to clarify the terms of cooperation between OPEC and non-OPEC members is not binding and will not impact the half-a-century old organization. Oil Minister Bijan...
  • Norway to Divest From Oil, Gas Exploration Companies
    Norway’s Finance Ministry has asked  the government’s $1 trillion fund—the world’s biggest sovereign wealth fund—to recommend a schedule for phasing out its investments in pure exploration and...
  • Iran Preparing to Reinstate Fuel Cards
    In a new directive issued by the National Iranian Oil Products Distribution Company, car and motorcycle owners have been advised to use their fuel cards at least once by July 22. According to ISNA...
  • China Remains a Leader in Renewable Energy
    While China remains the world's largest producer of carbon emissions—where air pollution is still responsible for more than 1 million premature deaths a year—the Asian power is also the biggest...
  • Renewables Viable in Summer
    When thermal and combined-cycle power plants cannot meet the high electricity demand during the peak hours of summer when the temperature and consumption both shoot up, renewables can help generate...
  • Zanganeh: OPEC Should Act Unitedly
    Members of the Organization of Petroleum Exporting Countries should hold consultations among themselves first on oil policy before striking deals with producers outside the bloc, Oil Minister Bijan...
  • 220 Wastewater Treatment Plants Operational Nationwide
    A wastewater treatment plant in Mahmoudabad Nemouneh City in Qazvin Province was launched on Sunday in the presence of Energy Minister Reza Ardakanian. Completed at a cost of $7.2 million, the...
  • Bitcoin Mining Taking Toll on Power Network
    The production of a single unit of bitcoin withdraws about 200 million rials ($1,400) in state subsidies, the Energy Ministry’s spokesman for the power department said. "Cryptocurrency miners have...
  • Russians, Saudis Agree to Maintain Oil Cuts for 9 Months
    Russian President Vladimir Putin said he agreed with Saudi Crown Prince Mohammed bin Salman to extend the OPEC+ deal at current production levels for the rest of this year and potentially into...
  • Mazandaran Rural Gas Network Expanding
    Expanding national gas grid in small towns and villages can help increase the wave of "reverse migration"—from bigger cities to nearby smaller towns and suburban areas. Mazandaran’s Governor...
  • Kermanshah Refinery Leading Environmentally
    Kermanshah Oil Refinery has taken several measures to reduce its environmental pollutants and become one of the leading Iranian refineries for promoting environmentally sound practices in recent...
  • China Keeps Importing Iranian Oil Despite US Sanctions
    Iran has delivered the first crude oil to a Chinese refinery complex since the United States removed all sanction waivers for Iranian oil customers as of May.  
  • Water and Power  Supplies Expanding in Lorestan
    Power and water projects were launched Wednesday in western Lorestan Province. One supplies water to 96 villages in Aligudarz County, the energy ministry news portal Paven reported.  
  • Iran: Reviving Qanats Amid Worsening Water Crisis
    Rehabilitation of qanats should be put on the agenda and the issue, unlike in the past, has drawn the attention of the Energy Ministry, the agriculture minister said Tuesday. “The government is...
  • Karaj Hydroelectric Power Plant Reconnected to National Grid
    Amir Kabir (Karaj) Hydroelectric Power Plant has been reconnected to the national grid after a full overhaul, director of the dam said.  
  • Expansion of Iran's Persian Gulf Star Refinery on Track
    Construction work is over on the first stage of the fourth phase of Persian Gulf Star Refinery in southern Hormozgan Province, chief executive officer of the National Iranian Oil Refining and...
  • Iran Energy Minister Says Dams Are Great
    Providing 80 million people food has been made possible largely due to the existence of dams across the country, the energy minister says. In a talk with ILNA, Reza Ardakanian referred to the...
  • Power Consumption Growth Slows
    Power consumption in Iran is among the highest in the world, but its growth has slowed down in the past two years, said the energy minister. Speaking on the sidelines of the first convention on "...

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