Energy

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

  • Since the beginning of the current water year last September the amount of water in dams around Tehran has plunged by 100 million cubic meters compared to the same period last year, head of…

  • The United Arab Emirates, currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the OPEC+ deal,…

  • Work for pouring concrete at the site of the second unit of Bushehr Nuclear Power Plant in the southern namesake city shows 82% progress, the project manager said Sunday. “Ten domestic…

  • President Hassan Rouhani addressed universities in an online speech on Sunday, marking the start of a coronavirus-affected academic year. Classes will be mostly held online in a majority of…

  • Despite the huge oil and gas resources in Asalouyeh County in Bushehr Province, local residents suffer from major problems, namely water shortages and air pollution. For years water in summer…

  • Three petrochemical projects became operational in the past week and will help complete the value chain of the key industry as the country gradually moves away from an oil economy to exporting…

  • A study on the synchronization of Iran’s and Russian electricity networks is to be completed in the next few months and if all goes well executive operation will begin, the energy minister said…

  • The first phase of a gas condensate loading and export facility became operational on Thursday in Dayrestan, a village in Shahab District, Qeshm Island in Hormozgan Province. The terminal has…

  • Oil prices fell for a second day on Friday, pressured by a surprise rise in US stockpiles as the coronavirus pandemic continues to erode demand for fuels. Brent crude was down 18 cents, or 0.5…

  • The first phase of a project to transfer water from the Persian Gulf to Kerman and Yazd provinces will be launched in October, thanks to the concerted efforts of private and state companies,…

  • South Pars Gas Complex produces 650,000 barrels of gas condensates per day, a major part (500,000 barrels) of which is piped to the Persian Gulf Star Refinery in Hormozgan Province to be…

  • Oil futures clawed back some of the losses they sustained in the previous session, but a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in global demand.…

  • Iran's petrochemical industry is moving ahead as data show an upswing in production in recent months from last year's corresponding period, director of production control department at the…

  • With piped gas supply to 116 villages in Isfahan Province in the last seven years, the majority of its rural population now have access to stable gas supplies. More than 26,000 kilometers of…

  • Two solar farms and two small-scale power stations were inaugurated in Yazd Province on Monday. A 5 megawatt farm came online in Nir, a town in Taft County, and a 10 MW photovoltaic power…

  • Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about…

  • Supplying natural gas, instead diesel and mazut, to power plants, has doubled to 200 million cubic meters per day since 2013, the National Iranian Gas Company chief said.  “Natural gas…

  • Construction of Iran’s largest solar farm has begun in the north of Fars Province, the governor said. “The project is being carried out by Merat International Group in cooperation with foreign…

  • Free or subsidized electricity cannot help tackle the array economic ills and challenges, but wrong policies will certainly lead to more complex issues, a veteran economist says.

  • The level of the hazardous elements in gasoline in Iran complies with quantity set by the European Union emission standards, spokesman of the National Iranian Oil Products Distribution Company…

  • After gasoline was rationed last November and the price of non-subsidized fuel doubled, some motorists turned to using other types of fuels for their cars such as compressed natural gas and…

  • Oil held around $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the COVID-19 pandemic. A US…

  • The largest solar panel manufacturing plant in Iran will be launched in Ardabil Province early next year (starts March 2021), the governor said Thursday. “Built by a private company, the…

  • The second 310-megawatt gas unit of Dalahou Combined Cycle Power Plant in Eslamabad-e-Gharb County in Kermanshah Province, started operation Thursday as part of the government’s power…

  • Tehran Municipality takes out 180 million cubic meters of water from depleting underground resources in the sprawling capital per year, director of the National Water and Wastewater Engineering…