Energy

A project to construct a pipeline to transfer natural gas to Kish Island in south Iran is being carried out by the Pars Oil and Gas Company, a subsidiary of National Iranian Oil Company, an…

Brazil’s Petrobras set a new oil exports record of 1 million barrels per day in April, as domestic demand plunged, the state-controlled oil firm said on Monday, days after a large group of other…

Oil prices fell in early trade on Monday, paring last week’s gains, on worries the global oil glut may persist as US-China trade tension could hold back an economic recovery even as coronavirus…

To help improve power supply in Lorestan Province (especially in summertime), the second gas unit of Khorramabad Combined Cycle Power Plant became operational on Monday, head of the Department…

The Oil Ministry is expanding infrastructure to increase use of compressed natural gas in vehicles, a deputy director of National Iranian Oil Refining and Distribution Company said Sunday.

The National Iranian Drilling Company can have a stronger presence in offshore and onshore oilfields, managing director of the firm said. “Our drilling fleet is growing in number and making…

Installed capacity of West Regional Electricity Company (WREC), which supplies to Ilam, Kermanshah and Kordestan provinces, will rise by 25% by next March, managing director of the company said…

OPEC’s crude production surged by the most in almost 30 years last month as its biggest members fought to dominate a global market devastated by the coronavirus crisis. Saudi Arabia, the…

China’s March crude oil imports from top supplier Saudi Arabia fell 1.6% from a year earlier, while purchases from No. 2 supplier Russia rose 31%, Reuters’ calculations based on customs data…

The onshore refinery of South Pars Gas Field Phase 14 in the Persian Gulf will come on stream by June 2021, the program manager of the phase said. “The project to construct the refinery has…

Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two US producers plan for combined global shut-ins of 800,000 barrels per day in response to plunging crude…

Russian crude and condensate production totaled 46.45 million tons in April, according to data released Saturday by the Central Dispatching Unit of the Russian Energy Ministry. This is…

The coronavirus lockdown will cause the biggest drop in energy demand in history, with only renewables managing to increase output through the crisis, Bloomberg reported.

Despite the good rains since last year, 75% of the country's plains remain dry, director general of water conservation affairs at Iran Water Resources Management Company said.

Oil prices jumped on Friday, extending the previous session’s gains, buoyed by a lower-than-expected gain in US crude inventories and the start of output cuts in a bid to offset a slump in fuel…

Demand for gasoline soared by 114% in the past few days as the government started easing coronavirus lockdowns, head of Iran Gas Station Owners Union said.

Two water projects were inaugurated Thursday in western Ilam Province to improve water supply for the region’s agriculture and industries. Shohadaye Ilam Dam, situated on Galal River, was…

Electricity consumption growth jumps between 5 to 7% per year, and to meet the rising demand power infrastructure (generation and transmission) should expand without interruption, head of state-…

Work on the Iran-Armenia third power transmission line continues and has not been hampered by the spread of the coronavirus that has undermined many businesses, Armenia’s ambassador to Iran said…

Chemistry and Chemical Engineering Research Center of Iran, affiliated to the Ministry of Science, Research and Technology, has launched an ethanol production line to help the fight against the…

Moving sulfur from refineries to storage facilities and keeping it in open-air spaces are among the polluting sources in Asalouyeh, Bushehr Province. It has contaminated the air and soil, the…

Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to fully offset the collapse in demand from the…

By the end of the current year (March 2021), the efficiency of thermal power plants will increase by 1% to reach 39%, managing director of Iran's Thermal Power Plants Holding Company said. “…

The United States has renewed a waiver for Iraq to continue importing Iranian electricity, a US State Department official said late Sunday, but this time for a shorter period of 30 days, adding…

Export of petroleum products including mazut, diesel and gasoline that was interrupted in the past several weeks is gradually getting back to normal, spokesman of the Petroleum Products…