Energy

Oil prices were little changed on Monday following steady gains in the previous week with investors awaiting fresh clues over prospects for a trade deal between the United States and China,…

Dams in the southwestern and southern regions are ready to control possible floods forecast for the weekend. According to the Energy Ministry’s news portal, storage capacity of dams in…

Iranian Gas Transmission Company is set for stable supplies this winter, the managing director said. “With the completion of all development projects and routine repairs in the national network…

Compressed natural gas stations are ready to provide at least 40 million cubic meters of fuel a day, head of the Iran CNG Association said. “Now that CNG is three times (30%) cheaper than…

A total of 75,000 diesel wells will be electrified in the next three years, the program manager for developing electricity network for agricultural wells said. “The project will help save…

Oil Minister Bijan Namdar Zanganeh says the latest rationing and doubling of gasoline that started on Friday (Nov. 15) will increase annual government revenues by $2.5 billion that will be used…

Four Iranians won awards at the 5th International Invention Fair, which was a part of the 2019 Bitgaram International Exposition of Electric Power Technology (BIXPO 2019), held in Gwangju, South…

Construction of a 100-megawatt solar power plant started in Semnan on Wednesday. Built on 15,000 hectares of land by the private sector, the first phase of Shahid Hamid Bakeri photovoltaic…

Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output…

The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s…

The National Iranian Oil Products Distribution Company (NIOPDC) announced Friday that gasoline has been rationed and prices raised by at least 50%.

Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency…

To fast track gas production from South Pars Gas Field in the Persian Gulf, offshore platforms of phases 23 and 24 were installed on Wednesday. Deck 23 and the satellite rig 24B, each weighing…

Petrochemical revenues have risen notably in the last four decades -- from $200,000 in 1976 to $17 billion in 2018, head of the National Petrochemical Company said. “Sale of petrochemicals,…

More than 220 major power and water projects worth  $3 billion will come on stream by the end of the current fiscal (March 2020), the Energy Minister said Monday. “Nine thermal power…

Replacing old and outdated power plants, namely the Rey power station in south Tehran, is a compulsion. Power plants with a combined production capacity of 3,000 megawatts have long outlived…

Despite a marginal decline in overall crude oil exports, Iraq has boosted the sales of its crude to top Asian importers China and India since late September, as the confusion over the return of…

In line with plans to attract investments for green energy projects, the private sector has been authorized to export electricity generated via renewables, head of Renewable Energy and Energy…

Renewable energy sources in Iran generated over 4.3 billion kilowatt hours of electricity since 2009. If the same amount was produced by thermal power plants that consume gas as feedstock, 1.23…

Following the announcement of a huge oil field discovery in the southwest at the weekend, Oil Minister Bijan Namdar Zanganeh said Monday that the new oilfield in Khuzestan Province has been…

Oil prices fell more than 1% on Monday amid concerns over the prospects of a trade deal between the United States and China, while worries about oversupply also weighed on the market. Brent…

The first phase of water transfer from the Persian Gulf to Kerman and Yazd provinces for industrial use will be completed in the next fiscal year, President Hassan Rouhani said in Kerman on…

Work for pouring concrete at the site of the second unit of Bushehr Nuclear Power Plant in south Iran started on Sunday. Construction of the first unit of the plant in Bushehr was carried out…

A new oil field was identified in southwest Iran that holds 53 billion barrels of crude oil, President Hassan Rouhani said in Yazd on Sunday. “Exploration department of the National Iranian Oil…

Close to 2,000 kilometers of high/mid/low-pressure gas pipes have been laid in Sistan-Baluchestan Province over the last two years, head of Iranian Gas Engineering and Development Company said.…