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
  • 99.7% of Rural Regions Linked to Power Grid
    A total of 58,000 villages in Iran have access to electricity, which means 99.7% of rural regions are connected to the power grid, the head of Iran Power Generation, Distribution and Transmission...
  • Arvandan Oil, Gas Company’s Processing Capacity Up 18%
    Heavy crude refining capacity in Arvandan Oil and Gas Company, a subsidiary of the National Iranian Oil Company, has reached 165,000 barrels per day, up 18% compared to 10 months ago, managing...
  • Oil Prices Inch Higher
    Oil prices increased on Friday, with benchmark contracts headed for a weekly climb as recession fears ease, though an uncertain demand outlook capped gains.
  • Afghan Officials Agree to Release Iran’s Blocked Water Share 
    Afghanistan’s officials have agreed to release Iran's fair water share from Hirmand (known as Helmand in Afghanistan) River, a joint water resource blocked by the neighboring state. Energy...
  • 5,000 Solar Stations to Be Installed in Sistan-Baluchestan by March 2023
    A total of 5,000 five-kilowatt solar power plants will be installed in Sistan-Baluchestan Province by the end of the current Iranian year (March 2023), managing director of the provincial Electric...
  • OPEC+ Crude Output Makes Biggest Gain in 5 Months
    OPEC and its nine allies posted their highest monthly crude oil production rise in five months ending July, led by gains in Saudi Arabia and Kazakhstan, the latest Platts survey by S&P Global...
  • Settling Water Disputes With Turkey Viable Through Diplomacy: IWIF
    Settling conflicts concerning cross-border resources with Turkey is only feasible through diplomatic channels, a member of Iran Water Industry Federation, a privately-owned organization, said. “...
  • Global Oil Prices Ease
    Oil prices eased on Wednesday after industry data showed US crude inventories unexpectedly rose last week, signaling a potential hiccup in demand, though concerns over supply kept losses in check...
  • Cogeneration Plants Expanding in Iranian Industrial Towns
    Combined heat and power plants with a capacity of generating 1,145 megawatts are operational in industrial towns across Iran, the head of Iran Small Industries and Industrial Parks Organization...
  • Iraq in Talks to Raise Gas Imports From Iran
    The Iraqi Ministry of Electricity says it is in talks with Iran to increase natural gas imports from its eastern neighbor. According to Ahmed al-Ebadi, a ministry spokesman, the volume of gas...
  • Arvand PVC Output to Double
    The construction of a polyvinyl chloride (PVC) unit, with a production capacity of 300,000 tons a year, at the Arvand Petrochemical Company in Mahshahr, Khuzestan Province, is making headway,...
  • Goldman Sees Oil Price Hike 
    Goldman Sachs said the case for higher oil prices was still strong with current supply shortfalls well above its expectations in recent months, despite a recent retreat led by factors including...
  • 1st Power Plant Financed by Industries Comes on Stream
    The first power plant constructed with the investment of industries has been connected to the national power grid, a deputy managing director of Iran Power Generation, Distribution and Transmission...
  • Gachsaran Petrochem Plant in Last Lap
    Gachsaran Petrochemical Plant in Kohgilouyeh-Boyerahmad Province is in its final stages of construction by Iranian experts and engineers, with help from knowledge-based companies, managing director...
  • Oil Bounces as China, US Data Ease Recession Fears
    Oil prices bounced higher from multi-month lows on Monday, as investors' appetite improved following data on US jobs and Chinese exports that eased recession concerns.  
  • Oil, Gas Startups Capable of Competing With Foreign Rivals
    More than 500 knowledge-based firms are active in oil, gas and petrochemical sectors, of which 50 are capable of competing with foreign brands and their goods and technical services are sold in...
  • NIOC’s Gasoline Revenues on Downward Slope
    The National Iranian Oil Company’s gasoline export revenues reached $32 million between March 21 and April 20. According to the Islamic Republic of Iran Customs Administration's Statistics Office...
  • Bidbland Gas Processing Increases by 67% in Q1
    Bidbland Gas Refining Company increased its gas processing during the first quarter of the current Iranian year (March 21-June 21) by 67% compared with the same period of last year, managing...
  • Brent, WTI Prices Ease Over Demand Worries
    Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting of OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar...
  • Karkheh River Dredging Serves Multiple Purposes
    Over 911,000 cubic meters of Karkheh River in the southern Khuzestan Province have been dredged since the beginning of the current fiscal year (March 21) not only to help prevent potential flooding...
  • Isfahan Refinery’s Spring Profit Rises Fivefold YOY
    Isfahan Refinery’s net profit surpassed $433 million in the first quarter of the current Iranian year (March 21-June 21) compared with the same period of last year, the financial manager of Isfahan...
  • Transfer of Reclaimed Wastewater From Tabriz to Urmia Lake Starts
    The first phase of a plan to transfer reclaimed sewage from Tabriz wastewater treatment plant to Urmia Lake has become operational, the governor general of East Azarbaijan Province said. “The...
  • 20 Projects Underway to Boost Water Desalination Capacity
    A total of 95 water desalination plants with an aggregate capacity of 634,000 cubic meters per day are either operational or being built across the country, the head of the Department of Financial...
  • PDC Drill Bits of Oil Industry Indigenized
    Iranian experts and engineers have gained the knowhow of producing a special kind of drill bits used in the oil industry, said the director of Mechanical Engineering Research Group at the...
  • WTI, Brent Prices Fall
    Oil prices dropped on Monday, as weak manufacturing data from China and Japan for July weighed on demand outlook, while investors braced for this week's meeting of officials from OPEC and other top...

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