Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

Oil Prices Tick Up
Oil Prices Tick Up
July 21, 2023 17:55
  • OPEC, Non-OPEC Agree on Deeper Oil Output Cut
    OPEC and its allies (OPEC+ including Azerbaijan, Bahrain, Brunei, Kazakhstan, Malaysia, Mexico, Oman, South Sudan and Sudan) led by Russia agreed to cut output by an additional 500,000 barrels per...
  • South Pars Reports Increase in Petrochem, Condensate Export
    Exports from South Pars Gas Field off the Persian Gulf in the eighth month of the fiscal year (Oct. 23-Nov. 23) increased by 39% in volume compared to the same period last year, head of the customs...
  • Azeri Deputy PM Discusses Power Grid Synchronization in Tehran
    Cooperation between Iran and Azerbaijan has improved in recent years, especially in the energy sector, First Deputy Prime Minister of Azerbaijan Shahin Mustafayev said Tuesday in a meeting in...
  • Oil Rises Before OPEC Meeting
    Oil gained on Wednesday ahead of meetings this week where OPEC and its allies are expected to extend production curbs to support the market, while industry data showing that US crude stockpiles...
  • Minister Opposes Free Water and Electricity for Schools
    As per a government proposal, schools that use water and electricity within a certain limit will be exempt from paying bills in the next fiscal year (March 2020-21), the energy minister said...
  • Iran Companies Poised for Bigger Role in Tajik Energy Projects
    Tajikistan’s minister of energy and water resources has appreciated the presence of Iranian companies in power and water projects in his country, and invited Iranian private firms to participate in...
  • Jahangiri Says Oil Exports Continue
    Iran is exporting its oil despite the new US sanctions, the first vice president said Monday, adding that Washington’s “maximum pressure” on Tehran has failed. “Despite America’s pressure ... and...
  • Ecuador May Not Quit OPEC
    Ecuador may renege on its decision to quit its OPEC membership, according to anonymous sources cited by S&P Global Platts, which was supposed to take effect January 1, 2020.  
  • Oil Higher as Saudi Pushes for Deeper Cuts
    Oil prices edged higher on rising expectations of deeper output cuts when OPEC and its allies meet this week, although skepticism about a deal among some analysts limited the gains.  
  • Caspian-Semnan Water Project Draws Criticism
    Transferring water from the Caspian Sea to Semnan Province would destroy the pristine nature in the region and convert it to another industrial zone like Yazd and Isfahan that have been grappling...
  • Gas Flaring in Forouzan Oilfield Coming to an End
    Gas flaring in Forouzan Oilfield in the Persian Gulf will come to an end in December, managing director of Kharg Petrochemical Company said. “The project to harness and transfer the associate...
  • Saudis Want OPEC+ to Deepen Oil Cuts Due to Aramco IPO
    OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of...
  • Desalination Capacity to Reach Half Million cm/d
    Sixty desalination plants produce 250,000 cubic meters of water per day in the coastal regions, namely Khuzestan, Hormozgan and Bushehr, deputy chief engineer with the National Water and Wastewater...
  • Smart Electricity Meter Program Making Headway
    An estimated 3,000 energy-intensive agricultural units and households have been equipped with smart electricity meters (known as Faham in Persian) in the mountainous province of East Azarbaijan...
  • Renewable Power Expansion Behind Schedule: Satba
    According to the sixth Five Year Economic Development Plan (2017-22), renewable energy should comprise 5% of the total power capacity; however, this share is hardly 1% indicating that expansion of...
  • Russia in No Hurry to Extend OPEC+ Deal
    Russian energy minister Alexander Novak said Friday it is too early to talk about extending the OPEC+ crude production agreement and the producer group should take a decision closer to April, the...
  • GECF: Gas Indispensable in Mitigating Climate Change
    Natural gas is an 'indispensable' part of the global energy mix needed to limit the impact of climate change and protect the environment, the Gas Exporting Countries' Forum (GECF) said Friday.  
  • Water, Wastewater, Power Projects in Fars to Cost $586m
    The first phase of Darab Water Treatment Plant in Darab County, Fars Province, with production capacity of 150 liters per second was launched at the weekend.  Costing $10 million, the plant...
  • Iran Gas Trunkline Expansion on Track
    To expand the Iran Gas Trunkline (IGAT) close to 400 kilometers of high-pressure pipelines have been laid across the country since March, managing director of Iranian Gas Engineering and...
  • Iran: CNG Use in Vehicles Helps Cut Fuel Costs
    Converting gasoline-powered vehicles, especially vans, to compressed natural gas hybrids can help reduce fuel costs for motorists by 100%, deputy managing director of the state-run National Iranian...
  • Tehran Needs Higher Levels of Wastewater Treatment
    The quality of tap water in Tehran differs from one district to another, managing director of Tehran Regional Water Company said. “So long as South Wastewater Treatment Plant in the capital is not...
  • Canada Misses LNG Boom
    Canada may have missed its chance to become an important player on the global liquefied natural gas market unless it changes its regulatory regime to make building LNG plants easier.  
  • Saudi Arabia Complains About OPEC+ Cheating on Quotas
    For the last year, Saudi Arabia has largely turned a blind eye to cheaters within the OPEC+ alliance, cutting its own output more than agreed to offset over-production from the likes of Iraq and...
  • Sanctions Hurting Gas Market
    Iran’s former secretary general of the Gas Exporting Countries Forum stressed the need to halt unilateral sanctions against some GECF members. Mohammad Hossein Adeli, who served as the secretary...
  • Iran: Gasoline and Shock Therapy
    Friend and foe have been trying hard to figure out what happened and why in the eight days after the government decided to cut fuel subsidies, sending gasoline prices to levels unseen in Iran ever...

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