The International Energy Agency bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook. The Paris-based IEA raised its forecast to…
Energy
Compressed natural gas consumption rose by 10 million cubic meters per day in June compared to March, head of CNG department at the state-run National Iranian Oil Products Distribution Company…
Higher oil prices, compared to April, and a fuel glut in Asia are depressing refining margins, likely forcing China’s independent refiners to scale down crude oil processing rates in the third…
As the water shortages worsen, 272 illegal water wells were sealed in the past three months in Tehran Province, the deputy for operations at the Tehran Regional Water Company said. “Due to the…
Putting a gradual end to fossil-fuel based sources from the energy mix and replacing it with renewables is the demand of wisdom, a lecturer at Sharif University of Technology said.
To help reduce consumption of piped water across the sprawling capital, the second phase of a development plan to transfer sewage from the South Tehran Wastewater Treatment Complex to Tehran Oil…
Natural gas refining capacity has surpassed 1 billion cubic meters a day, coordinating manager at the National Iranian Gas Company said Tuesday. “Close to 1.3 bcm can be processed daily in gas…
The Energy Ministry in Tehran ruled out the possibility of a cyber-strike or sabotage on Ahvaz Power Plant where a blast was reported on Saturday. “Transformer explosion in the (privately-run)…
The third phase of Urmia Wastewater Treatment Plant is near completion and is expected to be completed by 2021, managing director of West Azarbaijan Water and Wastewater Company said. “Upon…
Of the 6,500 qanats in Yazd Province 3,870 are no more usable, the provincial head of technical affairs department of the Agricultural Jihad Organization, affiliated to the Ministry of…
Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while US benchmark WTI futures dropped on concern that a spike in…
Water consumption in Iran has increased by 11% since the beginning of the fiscal year (March 20) compared to the same period last year. Water stored in dams has decreased by 5% in comparison…
Iran is now self-reliant in repairing offshore drilling rigs, managing director of Sina Energy Development Company said. “In the past platforms were sent to other countries for repairs, but now…
A fire broke out at Shahid Medhaj thermal power plant (Zargan) in southwestern Khuzestan Province late Saturday, a spokesman for the Energy Ministry said.
Gas units of a new power plant in Qeshm Island, off the Persian Gulf in Hormozgan Province, will start production by the end of July, managing director of Ghadir Investment Company, one of the…
Routine maintenance of 84 thermal power plants has been completed with a 33-day delay, head of Technical Affairs Department of the Thermal Power Plants Holding Company said. “Overhaul that…
OPEC slashed oil production to the lowest level since the Persian Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand…
Iran has resumed gas exports to Turkey after Botas, the country's state oil and gas company, said it fixed the ruptured gas pipeline after 94 day, the head of National Iranian Gas Company's…
Demand growth for refined oil products will never return to the levels it reached before the coronavirus outbreak, Citigroup, an American multinational investment bank and financial services…
To help stabilize power supply in the desert Yazd Province, a small-scale power plant with distributed generation system came online in Taft County, the head of small scale power projects in the…
To help boost renewables, close to 33 megawatts of electricity was added to green energy production, managing director of Renewable Energy and Energy Efficiency Organization (aka Satba)…
Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, dimmed the prospects of fuel demand recovery. Brent crude…
ExxonMobil may be set for its second consecutive loss in Q2 as the oil price collapse and weak refining margins will hit both the upstream and downstream divisions of the US supermajor. In a…
Sharaf Shah Dam in Qasr-e-Shirin County, in Kermanshah Province, was launched Thursday. The dam has a storage capacity of 101 million cubic meters of water and seeks to provide clean water to…
Oil prices rose on Wednesday after an industry report showed crude inventories in the United States fell much more than expected, suggesting demand is improving even as the coronavirus outbreak…
