Energy

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

Oil Prices Tick Up
Oil Prices Tick Up
July 21, 2023 17:55
  • Power Outages End
    Power outages during peak hours declined by 98% since March to July compared to the same period last year, the Energy Ministry’s spokesman for the power department said.  
  • Oil Majors Shift to Natural Gas Becomes a Headache
    The world’s biggest oil companies have been steadily shifting investments toward natural gas, driven by an emerging globally traded market and environmental concerns. But right now they are taking...
  • Big Success in Harnessing Hydropower
    Hydropower production in the first quarter (March 21-June 20) of the current fiscal year has increased 415% compared to the same period last year. While hydroelectric power plants across the...
  • Iran Gas Dispute With Turkmenistan Unresolved
    The National Iranian Gas Company filed a lawsuit against Turkmengaz, the national gas company of Turkmenistan, last year in the International Court of Arbitration. Despite rumors in sections of...
  • Progress in South Pars Phase 13 Development
    To complete development project in Phase 13 of South Pars Gas Field, loading operations for the field's tripod for flare stack 'A' to be transferred and installed in the Persian Gulf were carried...
  • Power, Gas Infrastructure Making Its Mark in East Azarbaijan Regions
    Thirty-five projects, worth of $1 billion were launched in East Azarbaijan Province Thursday. Power production capacity has reached 81,700 megawatts from 62,000 MW six years ago, President Hassan...
  • Iran 7th in Global Power Wastage Index
    Power wastage in the national electricity grid declined from 15.2% to 11.1% between 2013 and 2018. Nonetheless, Iran is still among countries in which massive amounts of power is wasted. If the...
  • Yazd DG Power Plant Joins National Grid
    A new small-scale power plant with distributed generation system has joined the national grid in Abarkouh County, Yazd Province on Wednesday, managing director of the provincial electricity...
  • Surge in India’s Import of Venezuelan Oil
    India imported in June the highest volume of Venezuelan crude in 21 months, more than double the amount from May and more than 50% higher than in June 2018, Reuters reported on Monday, citing data...
  • Sistan Rural Regions Lack Piped Water
    An estimated 1,260 villages in Sistan-Baluchistan Province lack piped water, director of the provincial regional water company said. “Close to 251,000 rural people are being supplied with safe...
  • Saudi, Iraqi Sept. Crude OSP Cuts
    A sharp recovery in oil product margins over July may lead Saudi Aramco and Iraq's SOMO to tone down the extent of price cuts on crude oil headed to Asia in September, a survey of market...
  • Power Plant in West Tehran Raises Output
    A new gas unit in Tarasht Thermal Power Plant west of Tehran came on line Monday, managing director of Iran's Thermal Power Plants Holding Company said.  
  • NIDC Releases 5-Month Report
    The National Iranian Drilling Company has drilled and repaired 51 onshore and offshore oil and gas wells since the beginning of the current fiscal in March, the company’s deputy managing director...
  • Siemens Gas Turbine Maintenance Undertaken by Domestic Engineers
    Iran has acquired the know-how to repair Siemens gas turbines and local engineers can now carry out all the maintenance work of the turbines, head of the National Iranian Gas Transmission Company...
  • 1,100km Pipeline to Link Jask Port to Oil Terminal in Bushehr
    Construction of a 1,100km 42-inch diameter pipeline to transfer crude oil to the southeastern port of Jask in Hormozgan Province is going ahead as planned, managing director of the Petroleum...
  • Brent, WTI Prices Drop
    Oil prices fell on Monday as investors fretted over the outlook for global economic growth, while weekend talks between Iran and major powers ended on a generally positive note, suggesting an...
  • Propylene Output to Rise 300 Percent
    To increase the share of value-added exports, the National Petrochemical Company’s propylene output is expected to increase by 3 million tons or 300% over the next five years, the head of the...
  • Interaction With Neighbors on Trans-Border Rivers
    Iran's declared policy regarding trans-border rivers and shared water resources is to interact with neighbors within the framework of bilateral agreements and build technical and diplomatic...
  • Private Companies Expanding Footprint in Power Production
    Private companies account for 67% of Iran's total thermal power output.  Iranian firms in the private sector produce at least 44,000 megawatts of thermal power per annum, whereas state-run...
  • Completing Tehran Wastewater Treatment Plants Is a Priority
    Expediting the construction of wastewater treatment plants in Tehran is on the agenda of Tehran Province Water and Wastewater Company, the managing director said. Pipe-laying operations have been...
  • Call for Rewriting Oil Contracts
    New oil and gas projects cannot be developed under sanctions unless new contracts are designed, a senior energy analyst and former head of Iran's Petroleum Contracts Committee said. "Under the...
  • 80% Industries Have Access to Piped Gas
    All industrial units are expected to be connected to the national gas grid by the end of 2021, head of the National Iranian Gas Company said Saturday. "There are close to 102,000 industrial units...
  • Iran 9th in Thermal Power Output
    With installed capacity of 65 gigawatts, Iran ranks ninth in terms of thermal power capacity in the world. According to a report by the Energy Ministry, the total power capacity in the world is 6,...
  • Iran Energy Minister, China Envoy Discuss Collaboration in Water, Power Sectors
    Despite the existing constraints and difficulties Beijing is making concerted efforts to maintain trade ties with Tehran. China’s new Ambassador to Iran Chang Hua, made the statement in Tehran in...
  • US Renews Chevron License in Venezuela
    The Trump administration on Friday renewed Chevron Corp’s license for three months to drill for oil in Venezuela despite sanctions, a compromise between officials seeking maximum pressure to oust...

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