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
  • Iran to Offer 13 Oil, Gas Blocks
    The National Iranian Oil Company is interested in working with local firms willing to take a reasonable amount of risk, including uncertainty in international markets, tech issues, project-related...
  • Total Declares Force Majeure on German Refinery
    France’s Total has halted some of the units at its 230,000-barrel-per-day Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown via an...
  • Wastewater Company, Tehran Refinery to Help Meet Industrial Water Demand
    An estimated one million cubic meters of wastewater was transferred from the South Tehran Wastewater Treatment Complex to Tehran Oil Refinery in the last eight months, deputy operations manager at...
  • Iran Work Schedules to Change in Summer
    Over 6,000 megawatts have been added to installed power capacity in the past two years, and hydroelectric power plants are in the best conditions due to the heavy rains in the past months. ...
  • IGEDC to Build 2nd Phase of Ilam Gas Refinery
    The second phase of Ilam Gas Refinery in the western province of the same name will be constructed in the near future and will production by 50%, the managing director of the refinery said.  
  • Iran's Azar Oilfield Output to Reach 65,000 bpd
    ​Oil production from Azar Oilfield is projected to reach 65,000 barrels per day in the second half of current fiscal that started in March, said the director of projects at the Oil Industries...
  • Shazand Refinery Cuts Mazut Output
    Shazand Refinery in the central city of Arak, Markazi Province, has cut production of mazut, an eco-unfriendly fuel, to less than 7% by optimizing its processing facilities, managing director of...
  • Mapna Says Inactive Power Plants is Bad News
    In summer electricity generation reaches its peak in all power plants across the country. However, after the hot season is over, hardly 30% of the power stations operate, the managing director of...
  • South Korean Oil Imports From Iran Jumped 17% in April
    South Korea imported 353,000 barrel per day of Iranian crude last month, up 17% on March ahead of the removal of sanction waivers that granted South Korea and another seven countries to legally...
  • Oil Rises as Middle East Tensions Mount
    Oil prices rose again Friday and were on track for the first weekly gains this month, as rising tensions in the Middle East stoked fears of supply disruptions.  
  • Europe’s Decision Not to Buy Iran Oil Politicized
    European companies can purchase crude from Iran as some of them do not have commercial interest in the United States and do not need to be concerned about US sanctions, the head of Iran’s Strategic...
  • India to Decide on Resuming Iran Oil Import After Elections
    India told Iran on Tuesday it will decide on its oil imports after elections end this month, in line with its economic interests, a government source said.  
  • OPEC Sees Higher Oil Demand in 2019
    OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows, pointing to a tighter market if the...
  • JICA Helps Improve Efficiency of Qazvin Thermal Power Plant
    The Japan International Cooperation Agency says it is content to be helping Iran equip its thermal power stations with high-quality fog (spray) cooling systems. Yukiharu Kobayashi, the chief JICA...
  • Gas Use in Power Plants Jumps as Hot Season Arrives
    As the warm weather approaches, households have switched on their cooling appliances resulting in  considerable hike in electricity consumption. Thus, gas supply to thermal power plants has...
  • Russia Oil Production Dips 
    Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Oil Price reported on Tuesday, citing two industry sources, which means that Moscow is finally within its...
  • No Country Can Replace Iran’s Power and Gas Exports to Iraq
    Iraq will remain dependent on Iran for power at least for the next three years, IRNA quoted the country's Electricity Minister Luay al-Khatteeb as saying on Monday. Close to 4 gigawatts (roughly...
  • Tehran Sewer System Expanding
    Tehran wastewater network development is making reasonable progress (77%) and is planned to be launched by 2021, the technical and engineering deputy manager of the National Water and Wastewater...
  • Oil Supply Crunch Will Test OPEC Spare Capacity
    Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to...
  • Tehran Dams Full
    Four dams supplying Tehran, namely Taleqan, Latyan, Mamlou and Karaj, are either full or on the verge of overflow, and only one has less water, Seyed Hassan Razavi, managing director of Tehran...
  • Middle East Tanker Attack Raises Oil Prices
    Oil futures rose on Monday on increasing concerns about supply disruptions in the crucial producing region of the Middle East even as investors and traders fretted over global economic growth...
  • The oil pipeline in Omidiyeh in southwestern Khuzestan Province that was ruptured due to a leakage last week has been repaired, chief executive officer of the National Iranian Oil Refining and...
  • NIOC Hikes June Asia-Bound Crude Prices
    State-owned National Iranian Oil Company raised the official selling price differentials for all of its crude oil grades loading in June and headed to Asia by 35-65 cents per barrel from May, a...
  • Thermal Power Plant Equipment Indigenized: 615 MW Added to Iran's Installed Capacity
    Most of the equipment used in thermal power plants has been indigenized, deputy of the strategic production department at the Thermal Power Plant Holding Company said Sunday. Temperature at a...
  • Oil Production in Flood-Hit Khuzestan Normalizes
    Oil production in flood-hit Khuzestan Province in the southwest is back to normal, the managing director of National Iranian South Oil Company said Sunday. “Only a few wells remain closed because...

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