Oil prices held steady on Wednesday as concerns about weaker demand offset industry data that showed a larger-than-expected drawdown in US crude stockpiles. Brent crude futures were at $104.55…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Iranians used an average of 101 million liters per day of gasoline between March and June, up 16% compared with the corresponding period of last fiscal year, deputy manager for planning at the…
To help stabilize electricity supply in Ahvaz, Khuzestan Province, 36 transformers were installed throughout the city, managing director of the provincial power company said. "The equipment…
The Persian Gulf Petrochemical Industries Company is ready to cooperate with leading German companies in chemical and petrochemical industries, managing director of PGPIC said.
Power generation at Manjil Wind Farm in Gilan Province during the fourth month of the current Iranian year (June 22-July 22) increased by 2,800 megawatt hours compared to the previous month, a…
The oil and gas sectors are among the most lucrative industries for investment in Iran, considering the country’s potential, but pinning all hopes on Russian firms is not a wise policy, a…
Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in US interest rates would weaken fuel demand. Brent crude futures for September settlement fell…
Although the conversion of single-cycle power plants (gas-powered) into combined cycles can help significantly raise efficiency, the severity of water shortage in Iran will scuttle such plans, a…
Pars Oil and Gas Company is carrying out exploration in the Persian Gulf for new oil and gas fields. “Out of four exploratory operations planned till today, two have finished their…
The 16th Iran Plast International Exhibition will be held on Sept. 21-24 at the Tehran International Exhibition Center with the participation of local and foreign companies.
As long as electricity demand is not managed sustainably, other strategies on the supply side, namely construction of power stations and import of electricity, will be futile, a professor at the…
The construction of Mehr Persian Gulf Petro-Refinery in Hormozgan Province has registered 45% progress, the project manager said. “The petro-refinery, which has been under construction by…
Monthly sulfur output in Shahid Hasheminejad Gas Processing Company in Khorasan Razavi Province has exceeded 50,000 tons, the head of the firm said.
In a push toward achieving carbon neutrality, President Ebrahim Raisi officially inaugurated Iran’s first photovoltaic cell and panel manufacturing company in Khomein County, Markazi Province.…
The executive operation of the project to supply water from Dez Dam to the cities of Abadan and Khorramshahr in Khuzestan Province will be completed by the end of August, managing director of…
The National Iranian Oil Refining and Distribution Company has signed contracts with knowledge-based firms in the fields of robotics and smart equipment in Tehran on Thursday, director of the…
Oil prices climbed in Asia trading on Friday, rebounding from previous declines amid supply tightness and geopolitical tensions, even though weakened demand in the United States has cast a…
The National Iranian Drilling Company has drilled and repaired 30 onshore and offshore oil and gas wells since the beginning of the current fiscal year in March, up 25% compared to a year ago,…
There are 2,600 compressed natural gas stations across Iran with a capacity of delivering 50 million cubic meters per day, although they are working at 44% of their capacity, a member of Iran's…
The drilling of wells at Phase 11 of South Pars Gas Field in the Persian Gulf is near completion and it is expected to start production in winter, managing director of the National Iranian Oil…
Oil prices ease on Wednesday, pressured by global central bank efforts to tame inflation, ahead of expected builds in US crude inventories as product demand weakens.
Attracting foreign and domestic investments for the development of joint hydrocarbon fields is a top priority of the National Iranian Oil Company, as the key oil sector has long been the main…
Operations to complete Ahvaz sewage collection network in Khuzestan Province are on track and will become operational next year, the head of the provincial water and wastewater company said.
Plans are underway to build a 500-megawatt photovoltaic power station at Tehran’s Oil Refinery Company, the head of the company said. “The refinery is committed to working for a low-carbon…
Iran’s electricity sector has strong potential to grab a significant share of Iraq’s power market, but Iranian enterprises have not made their mark in the field, a member of the Iran Chamber of…
