Oil prices rose on Friday on the back of a weaker US dollar, although demand concerns stemming from rising coronavirus cases and escalating US-China tensions kept a cap on prices. The dollar…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
A comprehensive plan calls for increasing propylene production in Iran to 3 million tons a year, managing director of Iran’s National Petrochemical Company said. “The plan will be carried out…
Following its calls to reduce power consumption and avoid outages in the hot summer months, the state-run Power Generation, Distribution and Transmission Company (Tavanir) has signed 250,000…
To help alleviate water shortages in Hamedan Province, Hegmataneh Petrochemical Plant will use treated wastewater instead of water from dwindling underground aquifers, managing director of the…
According to the World Bank, estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters, equivalent to the total annual…
Oil prices edged higher on Tuesday on positive news on vaccine trials, but are still within the narrow trading band of the past three weeks amid fears that new lockdowns could derail a recovery…
Eight provinces in Iran will be provided seawater after desalination, the deputy minister for water and wastewater affairs at the Energy Ministry said.
The first phase of Iran’ first geothermal power plant will be commissioned by the end of the current fiscal in March 2021, managing director of Thermal Power Plants Holding Company said.
Oil prices dropped on Monday, amid concerns that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. Brent crude was down 36 cents, or…
The three priorities of the gas industry is people’s welfare, injection into oil wells to increase efficiency, and use in industries. Export of gas is down the line in fourth place, a spokesman…
The National Iranian Oil Company concluded an agreement with the domestic company Petropars to develop the giant South Azadegan Oilfield in Khuzestan Province. The $1.3 billion contract aims to…
Power load peaked at all-time high of 58,104 megawatts on Saturday, up 330 MW compared to the highest recorded in 2019, spokesman for the Energy Ministry said. “This consumption is the highest…
The National Iranian Oil Company has reported that gas flaring in oilfields declined 40% in 2019 compared to 2017. According to ISNA and based on NIOC data, daily gas flaring in 2017 was 50…
Agriculture accounts for 83% of the water used in the arid Yazd Province, head of the provincial water company said. “Water use in the agro sector is alarmingly inefficient as less than 40% is…
The oil minister has asked petrochemical companies to supply raw materials for products needed for battling the coronavirus.
As the world heats up, converting to energy-efficient cooling systems is a major way to curb greenhouse gas emissions and limit climate change, according to a new report from the UN Environment…
Twenty water and electricity projects costing $111 million were inaugurated Thursday in Hormozgan Province. These include a desalination plant with a capacity of 20,000 cubic meters in Bandar…
Oil prices slipped on Friday amid growing uncertainty about the global recovery in fuel demand as coronavirus cases surged in several countries, while major producers were set to ease output…
Some of the biggest oil companies in the world set their first joint target to cut their collective carbon emissions from upstream operations in a move that saw Saudi Aramco and ExxonMobil…
In May a website was introduced by the National Iranian Oil Products Distribution Company, where certain vehicles can register for free conversion of their vehicles into compressed natural gas…
The second mobile power plant will be synchronized with the national grid soon to help prevent power disruption in Saravan city in Sistan-Baluchestan Province, managing director of the…
Oil prices rose on Wednesday following a sharp drop in US crude inventories, with the market waiting for next steps from a meeting later in the day on the future level of output cuts by OPEC and…
Global oil demand will soar by a record 7 million barrels per day in 2021 as the global economy recovers from the coronavirus pandemic but will remain below 2019 levels, OPEC said in its monthly…
The olefin unit of Ilam Petrochemical Complex will start producing ethylene next week, the managing director said. “After launch, a part of the production will be supplied to the West Ethylene…
Export of 23 million tons of petrochemicals in the last fiscal (ended in March) helped offset at least 20% of lost oil revenues, a member of the board of directors of the National Petrochemical…
