A last-ditch attempt by Europe to revive the Iranian nuclear deal has stoked speculation that millions of barrels of oil are set to flood world markets. The return could be swift if Tehran’s…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Kharg Natural Gas Liquid (NGL) project on Kharg Island in the Persian Gulf awaits funding to help curb gas flaring by nearly 8.5 million cubic meters a day at the Kharg and Bahregan fields,…
Oil prices fell on Tuesday as bleak economic data from top crude buyer China renewed fears of a global recession. Brent crude futures fell 73 cents, or 0.8%, to $94.37 a barrel. WTI crude…
The National Iranian Oil Company will need to import gasoline from next March if efficient alternative plans like CNG conversion plans fail to move forward, secretary-general of the Association…
Construction of a gas condensate demercaptanization (DMC) unit at the South Pars 2nd Refinery (belonging to phases 2 and 3) is near completion and when inaugurated next March will process 80,000…
Approximately 28.5 millimeters of rain fell in Tehran Province since July 23 increasing water inflow in five dams around capital, the deputy for water and hydropower affairs at Tehran Regional…
Almost 200 private companies producing renewable energy will have to either send some workers home or pull down shutters if the guaranteed purchase price paid by the government for renewable…
One million smart power meters have been installed across Iran for high-consuming subscribers in the last decade and the program is moving forward, head of the Power Transmission and…
Subsea pipe-laying operations to connect the offshore platform B of South Pars Phase 11 [SPD 11B] to onshore gas processing facilities are complete.
The first phase of the largest Iranian solar farm in Mahallat, Markazi Province, with a capacity of 120 megawatts of electricity, will become operational in September, Arak’s governor general…
Over 113,300 urban and rural subscribers in Sistan-Baluchestan Province are connected to the gas grid and projects are underway to increase the figure, managing director of Sistan-Baluchestan…
The production of each megawatt of electricity at thermal power plants needs about 700 liters of water while renewable power stations do not use water and, as a result, prevent the consumption…
The water transfer project from Nesa Dam in Kerman Province to rural areas in the cities of Bam and Baravat has progressed by 45%, the energy minister said. “The initiative, aimed at supplying…
The expansion of Changouleh Oilfield near the Iraqi border in Ilam Province has started and drilling operations will end in October, the head of Exploration Department at the National Iranian…
Oil prices increased on Friday, with benchmark contracts headed for a weekly climb as recession fears ease, though an uncertain demand outlook capped gains. Brent crude futures rose 23 cents,…
A total of 58,000 villages in Iran have access to electricity, which means 99.7% of rural regions are connected to the power grid, the head of Iran Power Generation, Distribution and…
Afghanistan’s officials have agreed to release Iran's fair water share from Hirmand (known as Helmand in Afghanistan) River, a joint water resource blocked by the neighboring state.
Heavy crude refining capacity in Arvandan Oil and Gas Company, a subsidiary of the National Iranian Oil Company, has reached 165,000 barrels per day, up 18% compared to 10 months ago, managing…
Settling conflicts concerning cross-border resources with Turkey is only feasible through diplomatic channels, a member of Iran Water Industry Federation, a privately-owned organization, said.…
A total of 5,000 five-kilowatt solar power plants will be installed in Sistan-Baluchestan Province by the end of the current Iranian year (March 2023), managing director of the provincial…
Oil prices eased on Wednesday after industry data showed US crude inventories unexpectedly rose last week, signaling a potential hiccup in demand, though concerns over supply kept losses in…
OPEC and its nine allies posted their highest monthly crude oil production rise in five months ending July, led by gains in Saudi Arabia and Kazakhstan, the latest Platts survey by S&P…
Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors including…
The Iraqi Ministry of Electricity says it is in talks with Iran to increase natural gas imports from its eastern neighbor. According to Ahmed al-Ebadi, a ministry spokesman, the volume of gas…
Combined heat and power plants with a capacity of generating 1,145 megawatts are operational in industrial towns across Iran, the head of Iran Small Industries and Industrial Parks Organization…
