Iran’s actual power generation is 59,000 megawatts and network load is projected to surpass 61 GW in summer. The 2,000 MW deficit will have to be compensated by load shedding and outages that…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Exporting crude under conditions when new US sanctions are intimidating traditional customers is a difficult undertaking and the National Iranian Oil Company should explore all alternatives to…
A memorandum of understanding (MoU) has been signed between the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and Farassan Industrial Group to expedite the…
Russia is willing to step in to help Iran export its oil while the country is struggling to keep the oil flowing due to the new US sanctions. Iran’s budget counts on raking in around $30…
Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as US sanctions against Venezuela and Iran hindered the ability of the OPEC…
Global methanol demand will grow by 6.5% in the next three years based on data from Methanex, the world’s largest producer and supplier of methanol. Regarding the increase of methanol…
The project to transfer wastewater from nine counties in Isfahan Province to Mobarakeh Steel Company -- Iran's biggest steelmaker located in the same province -- was launched on Friday.
Japanese refiners have started weighing alternative crude supply sources that would not need to transit through the Strait of Hormuz, including from the Red Sea side in Saudi Arabia, West Africa…
Several power and water projects in central Isfahan Province were launched in the weekend. One of the projects was Soffeh 230/63/20 kV gas-insulated substation in Isfahan City, constructed on…
Oil prices rallied towards $65 per barrel on fears of a US military attack on Iran that would disrupt flows from the Middle East, which provides more than 20% of the world’s oil output. Brent…
After being hit by the trade war and US sanctions on Iran, some Chinese buyers of liquefied petroleum gas from the Persian Gulf nation are finding it is too tough a habit to kick.
Iran and Azerbaijan held the second joint commission on the Aras River water sources on Thursday in Azerbaijan's Nakhchivan Autonomous Republic.
Emissions need to be halved by 2030 to limit warming to 1.5 degrees Celsius but temperatures are on track to reach double that by the end of the century even if countries’ current plans are…
Completing South Tehran Wastewater Treatment Complex will help save at least 300 million liters of water a year that is extracted from underground resources to water urban green spaces, the head…
OPEC and its allies have fixed the date of their upcoming meetings in Vienna for July 1-2, four sources have told S&P Global Platts, ending a protracted scheduling spat that the organization…
Iran and Russia signed a memorandum of understanding to expand energy cooperation. The MoU that included building collaboration in oil, gas, petrochemicals, electricity and nuclear power…
Cooperation with Iran and sharing information in water and electricity sectors is a “win-win collaboration,” Yuzki Oukazaki, says a deputy manager of the Japan Cooperation Center for the Middle…
The global oil market is “unstable and fragile”. Oil Minister Bijan Namdar Zanganeh told his Russian counterpart Alexander Novak in a meeting in Tehran on Monday, Shana, the Oil Ministry's news…
Water issues (including scarcity of drinking water, poor infrastructure, floods and droughts) are crucial in developing nations like Iran. Japan's Ambassador Mitsugu Saito made the…
The first gas unit of Dalahu Combined Cycle Power Plant in Eslamabad-e-Gharb County, Kermanshah Province, with a capacity of 310 megawatts came online on Monday. According to the Energy…
Oil tankers ablaze in the Gulf of Oman and the US pointing the finger at Iran should be enough to send the price of the world’s most vital commodity skyrocketing. Instead, oil prices have…
Oil Minister Bijan Namdar Zanganeh says his ministry is ready to issue licenses for constructing small oil refineries in the border regions. "Building refining centers with a maximum 100,000…
The government has no plans to remove Oil Minister Bijan Namdar Zanganeh from his post, the government spokesman said on Monday. “There is no change in the government’s plans. Zanganeh has…
The National Iranian Gas Company supplied 1.8 billion cubic meters of natural gas to western Lorestan Province in the last fiscal (ended March 20), the company’s deputy for gas supply said.…
The muted price reaction to Thursday's oil tanker attacks near the Strait of Hormuz shows that the oil market is stable as long as production continues at current levels, US Deputy Secretary Dan…
