Oil prices rose nearly 1% on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand kept the main benchmarks at multi-year highs. Brent…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Natural gas consumption has experienced a 51% growth in the last eight years, the head of National Iranian Gas Company, a subsidiary of the National Iranian Oil Company, said. “Gas consumption…
Fifteen water and wastewater projects costing $34 million were inaugurated in Yazd Province on Tuesday. Four water and wastewater projects became operational in Bafq County in the central…
The share of fossil fuels in the world's total energy mix is as high as a decade ago, despite the falling cost of renewables and pressure on governments to act on climate change, a report by…
Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased Covid-19 vaccinations help lift travel curbs, along with…
A petrochemical plant for converting natural gas to polypropylene is under construction in Eslamabad-e-Gharb, Kermanshah Province, and is expected to come on stream by 2024, managing director of…
Private power producers accounted for 50% of electricity generated in Iran in 2020. According to IRNA and based on information from the Energy Ministry and the state-run Iran Power Generation,…
Iran Power Generation, Distribution and Transmission Company (Tavanir) and Iran Fuel Conservation Company (IFCO) signed a memorandum of understanding on Saturday, based on which electrification…
The project to divert water from Zab River, along the distressed Urmia Lake in the northwest, is expected to come on stream in summer, the Urmia Lake Restoration Project manager and director of…
The Department of Environment has spent close to $500 million over the past three years to help combat dust storms that have afflicted more than two-thirds of the country, DoE’s deputy for human…
The 10 largest public oil firms in the world reported combined profits of $46 billion for the first quarter of 2021, thanks to higher oil prices this year.
A rise in temperature, which has been predicted for the coming days, may lead to a surge in power consumption and hit an unprecedented record of 60,000 megawatts, the Energy Ministry’s spokesman…
OPEC predicted that the recovery in global oil demand will gather strength in the second half of the year, as the group prepares to consider reviving more halted output.
Iran's crude processing capacity has experienced a 30% rise over the last seven years. According to IRNA and based on information from the National Iranian Oil Company, refineries in Iran could…
Two water projects were inaugurated in Ilam and Kermanshah provinces in western Iran on Thursday. Konjancham Dam in Mehran County, Ilam Province, was launched to help irrigate 2,750 hectares of…
The second gas unit of Hengam Power Plant in Bandar Abbas, southern Hormozgan Province, which was equipped with an indigenized F-class turbine, came on stream on Thursday in the presence of…
Oil prices slipped on Friday but were set for their third weekly rise on expectations for a recovery in fuel demand in Europe, China and the United States, as rising vaccination rates lead to an…
Iranian exporters aim to increase LPG exports to full capacity, if the US administration lifts sanctions that limited shipments from the country's petrochemical plants and gas refineries, adding…
Oil prices rose for a second session on Wednesday on signs of strong fuel demand in western economies, while the prospect of Iranian supplies returning faded, as the US secretary of state said…
Since the beginning of the current water year (started Sept. 22, 2020) Iran has not received its fair share of water from Hirmand (known as Helmand in Afghanistan) River as per an agreement it…
The plan to transfer water from Aras River in northwest Iran to Tabriz in East Azarbaijan Province awaits the allocation of financial resources by the government, the provincial governor general…
The National Iranian Oil Company paid $35 billion in natural gas subsidies in 2020, up 35% compared to 2018. Oil Minister Bijan Namdar Zanganeh made the statement in a parliamentary hearing on…
Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week’s talks between Iran and world powers over a nuclear deal that is expected to boost…
Export of petroleum products (naphtha, diesel and gasoline) from the Persian Gulf Star Refinery, a subsidiary of the National Iranian Oil Refining and Distribution Company in the port city of…
The National Iranian Gas Company prevented the emission of about 180 million tons of greenhouse gases in the last fiscal year (ended March 20, 2020) and emissions in the country's gas industry…
