OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows, pointing to a tighter market if the…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
European companies can purchase crude from Iran as some of them do not have commercial interest in the United States and do not need to be concerned about US sanctions, the head of Iran’s…
The Japan International Cooperation Agency says it is content to be helping Iran equip its thermal power stations with high-quality fog (spray) cooling systems.
India told Iran on Tuesday it will decide on its oil imports after elections end this month, in line with its economic interests, a government source said. Iran’s Foreign Minister Javad Zarif…
As the warm weather approaches, households have switched on their cooling appliances resulting in considerable hike in electricity consumption. Thus, gas supply to thermal power plants has…
Tehran wastewater network development is making reasonable progress (77%) and is planned to be launched by 2021, the technical and engineering deputy manager of the National Water and Wastewater…
Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Oil Price reported on Tuesday, citing two industry sources, which means that Moscow is finally within…
Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to…
Iraq will remain dependent on Iran for power at least for the next three years, IRNA quoted the country's Electricity Minister Luay al-Khatteeb as saying on Monday.
Four dams supplying Tehran, namely Taleqan, Latyan, Mamlou and Karaj, are either full or on the verge of overflow, and only one has less water, Seyed Hassan Razavi, managing director of Tehran…
Oil futures rose on Monday on increasing concerns about supply disruptions in the crucial producing region of the Middle East even as investors and traders fretted over global economic growth…
Most of the equipment used in thermal power plants has been indigenized, deputy of the strategic production department at the Thermal Power Plant Holding Company said Sunday.
The oil pipeline in Omidiyeh in southwestern Khuzestan Province that was ruptured due to a leakage last week has been repaired, chief executive officer of the National Iranian Oil Refining and…
Oil production in flood-hit Khuzestan Province in the southwest is back to normal, the managing director of National Iranian South Oil Company said Sunday. “Only a few wells remain closed…
State-owned National Iranian Oil Company raised the official selling price differentials for all of its crude oil grades loading in June and headed to Asia by 35-65 cents per barrel from May, a…
Energy officials seem oblivious of the fact that domestic companies have the capacity to provide up to 80% of the equipment needed by the oil sector, head of the Iranian Oil Equipment…
Over half the electricity in central Yazd Province (53%) is consumed by the industrial sector, managing director of Yazd Electricity Distribution Company said.
Gas projects in western Kurdestan Province are awaiting funds and if the money is not available expansion of the gas network to rural areas will be suspended, the managing director of Kurdestan…
Whether it is the US sending military warnings to Iran or tensions in Venezuela, some oil traders have started to gear up for a possible price surge as political risks escalate.
The parliament has rejected a proposal by the Energy Ministry to raise water and electricity tariffs, saying it is “against the law” as it will pile economic pressure on the people in the…
Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude, contributing to a rise in global oil prices and leaving refiners in…
Oil refiners across Asia are bidding up crude prices from Abu Dhabi to Oman as they compete for supplies to make up for lost Iranian and Venezuelan exports. July-loading cargoes of grades such…
Mapna Group has converted 27 gas power stations into combined-cycle plants and work to convert more is underway, the company's CEO said.
The engineering and designing phase of 20 crude oil storage facilities near the southeastern port of Jask in Hormozgan Province is almost finalized, managing director of the Petroleum…
Iran is one of the largest producers of petrochemicals supplying the global downstream industry vital raw material, and it would be difficult to find alternatives for such quality products, a…
