Energy

The Energy Ministry’s proposal to increase electricity tariffs for heavy consumers has been approved by the Majlis special commissions and if ratified by the government, it will come into effect…

Khomein Petrochemical Complex in the namesake city in Markazi Province, with annual production capacity of 185,000 tons of polypropylene, will go on stream within a year, the site…

US shale producers cheered OPEC’s decision to trim output, a move that sent crude prices higher on Friday, closing at levels that oil executives said would keep their profits flowing. 

Prices of polyethylene terephthalate (PET), a form of polyester that is used in the production of plastic bottles, have plummeted by 56% in recent days after sharp rise over the past few months…

China’s imports of crude oil hit a fresh monthly high in November, customs data showed on Saturday, beating the record set in October on heavy buying from private refiners and trial starts of…

Nouri Petrochemical Company in southern Bushehr Province has launched a program to increase paraxylene production and the project is due to be completed by the end of the current fiscal, the…

OPEC concluded its 175th meeting with an accord to remove 1.2 million barrels a day of crude from the market, with non-OPEC allies including Russia taking a 400,000 barrel-a-day share.

To fast track gas production in the South Pars Gas Field in the Persian Gulf, the first offshore platform of the field's Phase 13 was installed on Wednesday. According to Payam Motamed,…

Energy Minister Reza Ardakanian said Tuesday construction work is underway for building 31 power plants with total capacity of 19,000 megawatts in 27 provinces.

Compliance across OPEC is in question amid conflicting interests regarding oil production cuts and an abrupt withdrawal announcement from Qatar. While the tiny Persian Gulf sheikhdom’s…

Expanding the gas grid and supplying households with natural gas in the underprivileged provincial capital of Zahedan is on track, the head of Sistan-Baluchestan Province Gas Company said. "…

Russia’s oil output dipped in November, preliminary data from Russia’s federal state budgetary organization CDU TEK said over the weekend, days before the OPEC summit scheduled for December 6…

In a bid to meet the increasing demand for electricity in Gachsaran, in Kohgiluyeh and Boyer-Ahmad Province in the southwest, a small thermal power plant will be connected to the national grid…

Oil prices will plummet to $40 a barrel unless OPEC and its allies cut output significantly, and the group is unlikely to succeed in reviving the market, a senior Iranian oil official said.

Natural gas to the Iraqi capital Baghdad that had been suspended last week after the magnitude 6.4 earthquake in Kermanshah Province, will resume soon, a spokesman for the National Iranian Gas…

Construction of a 100 kilowatt solar power plant has started in Qom Province, managing director of Qom Water and Wastewater Company said.

A gas unit of the Hormoz Combined Cycle Power Plant in southern Hormozgan Province has been connected to the national grid, said the director of private power plant projects at the Thermal Power…

Despite the promising autumn rain, total precipitation is still 48 millimeters below its long-term average, head of the National Drought Warning and Monitoring Center, a subsidiary of Iran…

Qatar is to leave OPEC next month in order for the Persian Gulf state to focus on gas production, the country’s new Energy Minister Saad al-Kaabi announced in a surprise move on Monday.

Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although the two sides have yet to agree on any fresh output cuts. Russian President…

Despite waivers the US government granted to eight countries after imposing sanctions on Iran’s oil exports, the country’s crude sales will fluctuate between 1.1and 1.3 million barrels per day…

An estimated 2.6 billion kilowatt hours of electricity has been produced from renewable sources since March 2009. According to Paven, the Energy Ministry's news portal, the output helped save…

Construction work on the fourth phase of Persian Gulf Star Refinery in the southern Hormozgan Province has started and is expected to be completed in less than two years, director of planning…

OPEC coalition decisions on further global oil market cooperation will be taken next week amid uncertainty over many factors impacting the industry, including Iranian crude export volumes, but…

The new government in Pakistan under the leadership of Prime Minister Imran Khan intends to complete the long-delayed Iran-Pakistan gas pipeline, the country’s Minister of Petroleum Ghulam…