Energy

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

  • The Energy Ministry started 250 power and water projects in this fiscal year (March 2020-2021) with $1.7 billion. So far 122 projects costing $1 billion have been completed, including water…

  • Gas units of Veys Combined-Cycle Power Plant in Khuzestan Province will come on stream in the summer of 2021, director of CCPP projects at the Thermal Power Plants Holding Company said. Located…

  • OPEC and allied producers have pledged action to support the oil market as concerns mounted that a second wave of the Covid-19 pandemic will hobble demand and an earlier plan to raise output…

  • Amine pumps used in the natural gas industry in the 9th South Pars Refinery have been indigenized by domestic engineers, director of the refinery said. "The pumps, intricate in terms of design…

  • Oil prices fell on Monday after reports that China’s third-quarter economic growth did not rise as much as expected, underscoring concerns that surging coronavirus cases globally are impacting…

  • Isfahan Oil Refining Company in central Isfahan Province has increased Euro-5 diesel production from two million liters a day to four 4 million liters, the company’s deputy production director…

  • The Oil Industries, Engineering and Construction company of Iran has been listed among the top 30 contractors in the Middle East in 2020. The Oil and Gas Middle East website has shared its…

  • The number of electricity meters nationwide in household, agro and industrial sectors has grown 12 times in four decades, the Energy Ministry spokesman for the power department said. “There…

  • By the end of the current Persian calendar year next March, 11 small-scale power plants with distributed generation systems will come on stream in Mazandaran Province, a deputy governor said.…

  • An estimated 880 million cubic meters of gas will be injected into the Iran Gas Trunkline (IGAT) per day in winter (Dec 21, 2020 and March 20, 2021) to meet projected rise in winter demand, head…

  • The unprecedented rise in currency rates and low margins of fueling stations are pushing the CNG retail sector to the brink of insolvency, a member of the board of directors at Iran's CNG…

  • Iran was ranked the world’s 11th largest energy consumer in 2019. Based on Global Energy Statistical Yearbook 2020 data issued by enerdata.net, the country of 82 million people used a total of…

  • More than 35 million cubic meters of gas is produced daily at the South Pars Phase 13 refinery and output is expected to rise to 50 mcm, the refinery manager said. “In the blueprint 38 wells…

  • The 5th (online) Iran Renewable Energy Conference and Exhibition (Iran REC 2020) will be held virtually on December 16. Iran Renewable Energy Association is organizing the event in…

  • The world’s response to Covid-19 can “reshape the future of energy” for years to come, the International Energy Agency said Tuesday in its annual World Energy Outlook report. The IEA report…

  • Water in 16 dams in and around West Azarbaijan Province has shrunk by 250 million cubic meters compared to last year, director of the provincial regional water company said. “Dams now hold 750…

  • Oil prices dropped 1% for a second straight session on Monday as US producers began restoring output post-Hurricane Delta. Brent crude for December fell 41 cents to $42.44 a barrel and US West…

  • Thermal Power Plants Holding Company has plans to indigenize almost 80% of equipment for power plants, director general of the Technology and Indigenization of Power Plants Office at the TPPHC…

  • So long as construction of new thermal power plants in Tehran Province is not complete he ageing gas and steam units cannot be phased out, head of the Thermal Power Plants Holding Company said…

  • Raw materials (polypropylene grades 564S and 565S) required for the production of facial masks are supplied by petrochemical companies in the country aware of their role in contributing to the…

  • Heavy Duty Pumps and Water Turbine Manufacture Company (Petco) designs and manufactures assorted pumps for the gas and oil industries with indigenized materials, knowledge and expertise without…

  • Retrofitting vehicles, especially vans, with compressed natural gas can substantially cut fuel costs, head of the CNG Department of state-run National Iranian Oil Products Distribution Company…

  • Effective programs have been implemented to revive the troubled Urmia Lake and environment officials in East and West Azarbaijan province hope Iran’s largest inland body of water should reach…

  • World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the…

  • The average volume of water used to produce electricity in Besat Combined-Cycle Power Plant in south Tehran is 45 times above other power stations in the capital.