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
  • Iran to Continue Investments in Oil, Gas Development
    The National Iranian Oil Company plans to sign a $7.5-billion contract on the development of joint fields with a consortium of domestic companies, managing director of NIOC said.  “The imminent...
  • Oil Prices Slide as Investors Take Profit
    Oil prices fell on Monday, paring early gains as investors took profit following a surge in the previous session, albeit in the shadow of supply fear as the European Union prepares an import ban on...
  • Azadegan Oilfield Output to Reach 570,000 bpd
    The National Iranian Oil Company has planned to increase the output of Azadegan Oilfield in Khuzestan Province to 570,000 barrels of oil per day, NIOC’s director of integrated planning said. “...
  • Ahvaz Wastewater Treatment Facility Becomes Operational
    Ahvaz East Wastewater Treatment Plant, with a daily capacity of 112,000 cubic meters, became operational in Khuzestan Province on Sunday. “Completed at a cost of $32 million by the Energy Ministry...
  • Recycled Sewage to Help Revive Lake Urmia Without Environmental Costs
    Transferring reclaimed wastewater to Urmia Lake is a practical solution without environmental costs, which can help revive the troubled inland water body, the head of West Azarbaijan Water and...
  • Jofeir, Sepehr Oilfields to Produce 35,000 Barrels in November
    The first phase of Jofeir and Sepehr oilfields’ development plans in Khuzestan Province will be completed in November, managing director of Pasargad Energy Development Company said. “The fields’...
  • Supply of Crude, Petroleum Byproducts Via Pipelines Up 65%
    An estimated 128 billion liters of crude oil and petroleum byproducts were transported daily via pipelines in 2021, indicating a 65% rise over the last 40 years, managing director of the Iranian...
  • Iran, Armenia to Broaden Water, Environment Coop.
    Iran and Armenia are to expand mutual ties, especially in the field of water and the environment. A delegation headed by the Iranian Energy Minister Ali Akbar Mehrabian recently met with the...
  • Gas to Reach Zanjan Power Plant in June
    The project to install gas pipeline to feed natural gas to Aryan Power Plant in Zanjan Province will be completed by the end of June, managing director of Zanjan Gas Company said.  
  • Oil Sector Priorities Outlined
    The development of oil and gas fields shared with neighboring states, collection and processing of associated petroleum gas and optimization of hydrocarbon value chains with the help of knowledge-...
  • PGPIC Output to Surpass 20 Million Tons This Year
    The Persian Gulf Petrochemical Industries Company has planned to produce 20.5 million tons of products by the end of the current Iranian year (March 2023), managing director of the company said. “...
  • Turkey Criticized for Building Dams on Shared Water Resources
    Tehran is totally opposed to any dam-building projects on shared water resources in border areas, especially large dam projects being carried out by Turkey. Iran’s Foreign Minister Hossein Amir-...
  • Brent, WTI Climb Higher
    Oil rose on Wednesday, following a 9% drop over the previous two sessions, on supply concerns, as the European Union worked on gaining support for a ban on Russian oil and major producers warned...
  • Petrochemical Revenues to Reach $27 Billion by March 2023
    The total revenues of Iran’s petrochemical industry will increase by $4 billion compared to last Iranian year (March 2021-22) and reach $27 billion by the end of the current fiscal year (March 2023...
  • Lack of Feedstock Hindering Energy Value Chain Completion
    Gas refineries and petrochemical plants across Iran are operating at half their capacity due to lack of feedstock, deputy oil minister for planning and supervision of hydrocarbon resources said. “...
  • Small-Scale Power Plants’ Production Increases by 8%
    A total of 275 small-scale power plants with a distributed generation system and a capacity 1,100 megawatts, are operational across the country, which show an 8% growth compared with the same time...
  • OPEC+ April Crude Supply Falls
    Crude oil production by OPEC and its partners fell to a six-month low of 41.58 million bpd in April, as Russian production took a battering from Western sanctions, the latest Platts survey by S...
  • Iran Oil Show to Open on May 13
    The 26th International Oil, Gas, Refining and Petrochemical Exhibition, dubbed Iran Oil Show, will be held on May 13-16 at Tehran’s Permanent Fairground.  
  • Installation of Smart Meters in Fast Lane
    Over 1 million smart meters have been installed across Iran for high-consuming subscribers and the installation program is progressing, a spokesperson for Power Generation, Distribution and...
  • Brent, WTI Prices Decline
    Oil prices slipped on Monday, along with stock markets in Asia, sparked by weak China data and fears a global recession could dampen oil demand, with investors eying European Union talks on a...
  • Iraq to Import More Iranian Gas
    Iraq has reached new agreements with Iran to increase natural gas import, the spokesman of Iraq’s Ministry of Electricity said. “Iran has agreed to increase gas supply to Iraq from 8 million cubic...
  • Two Petrochemical Plants in Southwest Hit Production Records
    Two petrochemical companies in the southwest hit production records last Iranian year (March 2021-22). Amir Kabir Petrochemical Company in Mahshahr, Khuzestan Province, set a record in recent...
  • Zabol Joins Natural Gas Grid
    Iran Gas Engineering and Development Company has completed pipe-laying operations to transfer natural gas from Zahedan to Zabol in southeastern Sistan-Baluchestan Province, managing director of the...
  • Polymers, Derivatives, Gas Account for $25b of Non-Oil Exports in 2021
    Oil derivatives, polymers and natural gas accounted for $25 billion of Iran’s non-oil export value in the last fiscal year that ended on March 20, the head of the Iranian Oil, Gas and Petrochemical...
  • Dry Spell Is Here to Stay
    Iran entered a period of dry spells 20 years ago and the long-term drought is expected to last at least for 10 more years, the head of Geological Survey and Mineral Exploration said. “Under such...

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