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
  • Challenges of Water Management
    Availability of and access to water is the responsibility of those who manage this finite resource. Period.  Professor Neda Torabi Farsani goes straight to the heart of the matter in her response...
  • 40,000 bpd of Gas Condensate for Export via South Pars Phase 1
    In the first seven months of the current calendar year (March-Oct 2020), over 4.755 million barrels of gas condensate was produced at phase 1 of the South Pars Gas Field, a supervisor at the first...
  • Non-Revenue Water Loss at 1.6 bcm: Abfa
    Non-revenue water loss of the National Water and Wastewater Engineering Company (Abfa) is estimated at around 25% or 1.6 billion cubic meters per year, the company’s public relations manager said...
  • Euro-4 Gasoline in All Big Cities
    Gasoline sold in big cities is compliant with Euro-4 emission standards, an official at the National Iranian Oil Products Distribution Company said. According to Fatemeh Kahi, a study recently...
  • Brent, WTI Prices Steady
    Oil prices held steady on Monday as a better than expected quarterly rebound for China’s economy countered fears over soaring Covid-19 cases around the world and tight restrictions that could dent...
  • Cyberattack on Power Infrastructure Denied
    The Energy Ministry in Tehran ruled out the possibility of a cyber-strike or sabotage on the state-run Iran Power Generation, Distribution and Transmission Company’s (Tavanir) infrastructure.  
  • Northern Sewage Collection Network Is Lagging Behind
    An estimated 130 million cubic meters of wastewater is produced by households in the northern Mazandaran Province, of which less than 20 mcm is recycled and the rest flows into the Caspian Sea or...
  • Demand Driving Iran Petrochemical Sector
    With domestic and international demand rising at a rapid pace, investment in the key petrochemical industry, now around $80 billion, will reach $108 billion by 2027, managing director of the...
  • Potable Water Supply to 100 Rural Regions in Four Provinces
    Projects to supply potable water to 100 villages in four provinces were inaugurated on Tuesday, the Energy Ministry news portal Paven reported.  
  • Oil Prices Rally Further
    Oil prices were higher on Wednesday, with US crude gaining for the seventh straight day, after industry data showed a bigger than expected drop in inventories and investors shrugged off rising new...
  • Urea Supply to Farm Sector Rises by 30%
    An estimated 1.75 million tons of urea fertilizer was delivered to the agriculture sector by petrochemical complexes from March 2020 to January, director of the production control department at the...
  • Water Treatment Plant to Benefit 333,000 People in Hamedan Region
    A water treatment plant in Malayer County, Hamedan Province, will start in February to provide water to the western county from Kalan Dam, managing director of the provincial Regional Water Company...
  • Tavanir: Gas Shortages Impairing Power Output
    The state-run Iran Power Generation, Distribution and Transmission Company (Tavanir) said Tuesday the widespread power outages in the capital is due to cuts in feedstock (natural gas) deliveries to...
  • Tehran Municipality Obliged to Use Only Recycled Water for Greenspaces
    To help reduce water use from depleting ground resources, as of March Tehran Water and Wastewater Company will supply Tehran Municipality 40 million cubic meters of treated wastewater a year for...
  • NIOC, Local Companies Sign Contracts Worth $1.2 Billion
    The National Iranian South Oil Company, the Iranian Offshore Oil Company and Iran Central Oil Fields Company -- all subsidiaries of the National Iranian Oil Company – signed contracts with domestic...
  • WTI, Brent Prices Fall
    Brent crude oil prices fell by $1 per barrel on Monday, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns in Europe and new curbs on movement in China, the world’s...
  • $220m Qeshm Heavy Crude Refinery Ready
    Qeshm ultra-heavy crude oil refinery with a processing capacity of 70,000 barrels per day will go on stream soon, managing director of the refining complex said. The refinery that will “produce...
  • Petrochem Co. Says Sales to Surge
    Jam Petrochemical Company in Asalouyeh, Bushehr Province, is to increase sales by 33% compared to last year and will earn $800 million in sales by the end of the current calendar year in March, the...
  • Issues of Private Power Producers Unresolved
    Private investment in the loss-making power sector is almost zero, deputy head of the board of directors of the Power Generation Companies Syndicate said. “Lack of investment in the key industry...
  • PDH Plants in Mahshahr to Boost Propylene Output
    The National Petrochemical Company has plans to develop the downstream industry, one of which is construction of propylene from propane units (known as propane dehydrogenation or PDH units) in two...
  • Rising Prices Slow Installation of Smart Meters on Agro Wells
    The process of installing smart meters on agricultural wells has slowed down due to rising prices, deputy CEO of the Iran Water Resources Management Company said. Referring to the benefits of the...
  • Joint Oilfield in Ilam to Double Output
    Work on boosting output from Azar joint oilfield in western Ilam Province will be complete soon, managing director of the Oil Industries Engineering and Construction Group said. Oil extraction...
  • Oil Near 11-Month Highs
    Oil prices held near 11-month highs on Friday and were on track for a strong weekly gain as Saudi Arabia’s pledge to cut output continued to buoy market sentiment.  
  • Tehran Wastewater Network to Be Complete in 2022
    Tehran wastewater network is 90% compete and will come online in 2022 to enhance water quality and quantity in the capital, executive director of the project said. “Of the 9,000 km wastewater...
  • Oil Rises to 11-Month High
    Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed US...

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