The National Petrochemical Company's revenues are estimated to exceed $12 billion by the end of the current fiscal in March, Behzad Mohammadi, the new head of NPC said Saturday.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
OPEC may be about to succeed by accident, again. Unplanned supply losses from members Iran and Venezuela could effectively double the intended cutback of 800,000 bpd OPEC…
Construction work on Hengam Combine Cycle Power Plant in southern Hormozgan Province is halfway through and its gas unit will come on stream next summer, director of the project Alireza…
Oman will cut oil output by 2% from January for an initial period of six months, according to a letter sent to customers of Omani oil by the country’s oil and gas ministry. The output…
Plans to build large dams have been removed from the Energy Ministry agenda, the head of Iran Water and Power Resources Development Company said.
Japanese refiners will start buying Iranian crude oil in January, but will only continue buying until March to make sure they don’t get on the bad side of Washington in case the 180-day sanction…
While the program to again use fuel cards is due to be launched soon, Bijan Haj-Mohammadreza, head of the Filling Stations Union, says almost half the pumps at the gas stations are not equipped…
US crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Wednesday, but at a record 10.88 million…
Iran's power industry needs new funding and investment to continue its expansion program but is facing serious challenges, the managing director of Iran Power Generation, Distribution and…
The National Iranian Drilling Company has the ability to raise the bar when it comes to performing air drilling operations in compliance with international standards, head of air drilling at…
Renovation of the first phase of a water supply system from Minab Dam to Bandar Abbas in southern Hormozgan Province was completed on Tuesday. "Preventing wastage of treated water at Minab…
Oil rose to about $61 a barrel on Wednesday, supported by an industry report showing a drop in US crude inventories, a cut in Libyan exports and an OPEC-led deal to trim output. The American…
In the framework of the policy to expand gas supply to the deprived regions, Zabol city in southeastern Sistan-Baluchestan Province will be supplied with compressed natural gas soon, the…
To prevent instability in power supply in Khuzestan Province and curb blackouts, nine mobile substations will be synchronized with the national grid by March, the managing director of Khuzestan…
State-owned National Iranian Oil Company has cut the official selling price differentials for all its four crude grades loading in January from Kharg Island and bound for Asia, a company source…
A general cooperation agreement between OPEC and non-OPEC countries will be signed in three months in Saudi Arabia, the UAE energy minister said Tuesday.
The first phase of a new desalination plant in Bandar Abbas, Hormozgan Province, was launched Tuesday. With a total capacity of 100,000 cubic meters of water per day, the unit will supply a…
Results of tenders for developing five oilfields in the south and southwest regions have been announced and five companies whose bids have been accepted will sign a contract with the National…
Brent crude oil futures rose on Monday after OPEC and some non-affiliated suppliers last Friday agreed to a supply cut from January. Despite this, the price outlook for next year remains muted…
The third gas sweetening train of the onshore refinery of South Pars Gas Field's phases 22-24 in the Persian Gulf has been launched, the operator of the phases said.
Iraqi Oil Minister Thamer Ghadhban said on Monday he expected the fall in oil prices to stop and for prices to rise over time, adding that if OPEC had not cut production, prices would have…
Australia overtook Qatar as the world’s largest exporter of liquefied natural gas for the first time in November, data from Refinitiv Eikon, one of the world's largest providers of financial…
Petrochemical output reached 37 million tons in the first eight months of the current fiscal (March 21-Nov. 20), production manager of the National Petrochemical Company said Saturday. The…
Malaysia will extend its oil production cuts by another six months after the agreement between OPEC and other oil producers to reduce global supply ends this year.
Distribution of liquefied natural gas in Sistan-Baluchestan Province has risen by 15% over the last eight months compared to last year's corresponding period, says the managing director of the…
