Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about…
Energy
Supplying natural gas, instead diesel and mazut, to power plants, has doubled to 200 million cubic meters per day since 2013, the National Iranian Gas Company chief said. “Natural gas…
Construction of Iran’s largest solar farm has begun in the north of Fars Province, the governor said. “The project is being carried out by Merat International Group in cooperation with foreign…
Free or subsidized electricity cannot help tackle the array economic ills and challenges, but wrong policies will certainly lead to more complex issues, a veteran economist says.
The level of the hazardous elements in gasoline in Iran complies with quantity set by the European Union emission standards, spokesman of the National Iranian Oil Products Distribution Company…
After gasoline was rationed last November and the price of non-subsidized fuel doubled, some motorists turned to using other types of fuels for their cars such as compressed natural gas and…
Oil held around $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the COVID-19 pandemic. A US…
The largest solar panel manufacturing plant in Iran will be launched in Ardabil Province early next year (starts March 2021), the governor said Thursday. “Built by a private company, the…
The second 310-megawatt gas unit of Dalahou Combined Cycle Power Plant in Eslamabad-e-Gharb County in Kermanshah Province, started operation Thursday as part of the government’s power…
Tehran Municipality takes out 180 million cubic meters of water from depleting underground resources in the sprawling capital per year, director of the National Water and Wastewater Engineering…
Iraq is seeking exemptions from OPEC+ cuts in Q1 of 2021 and has discussed the issue with key producers in the 23-member coalition during three consecutive meetings, state-owned al-Sabaah…
Gas supply to Sistan-Baluchestan, Iran’s second largest province, will be completed by 2023, head of the provincial gas company told a press conference. Reza Panjabi said pipe laying and…
Construction of a waste-to-energy plant will start soon in the northern Talesh County, Gilan Province, said the project manager of Biomass Energy Technologies Development at Niroo Research…
Furthering its commitment to decarbonizing the energy sector worldwide, Siemens Energy has been selected to provide its highly efficient gas turbine technology and long-term services to the…
Gasoline consumption declined in the eighth month (July 21-August 21) of the Iranian calendar year by 30% compared to the corresponding period last year, a member of the Gasoline Station Owners…
As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is red flag for some…
Underground water resources in the parched Isfahan Province are disappearing by 3.6 billion cubic meters per annum, head of the Water Conservation Department of the provincial water company said…
Approximately 45% of the domestic electricity distribution network has been renovated, deputy for power distribution affairs at Iran's Power Generation, Distribution and Transmission Company (…
Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to…
Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.
Gas extraction from the giant South Pars Gas Field in the Persian Gulf increased 150% over the last decade, managing director of Pars Oil and Gas Company said. “Output capacity has approached…
The National Iranian Drilling Company drilled and repaired 109 oil and gas wells in one year (August 2019-August 2020), the managing director said. During the period, NIDC registered a drilling…
Canada’s capital spending on its oil and gas industry fell by more than half in the second quarter as the pandemic-inspired low prices continue to burden oil and gas producers with impossible…
A mini refinery opened in Aras Free Zone on Wednesday with annual capacity of 200,000 tons of petroleum, including gasoline, diesel, naphtha, kerosene and bitumen, managing director of Aras Free…
Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report…
