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 Gas Output Ranks 3rd in 2021
    Iran ranked third in terms of gas production last year, after the US and Russia, with 256.7 billion cubic meters, according to BP’s latest annual statistical review of world energy.  The report...
  • Oil Heads for 3rd Weekly Loss
    Oil prices eased on Friday as lingering fears of a recession demand weighed on sentiment, putting the benchmarks on track for their third straight weekly losses.  
  • Economic Council Approves Oil, Gas Projects Worth $4.4 Billion
    The government’s Economic Council has approved $4.4 billion worth of investment in three oil and gas development projects, the managing director of the National Iranian Oil Company said. “...
  • Iran’s Higher Oil Output Can Help Balance Global Markets
    A rise in Iranian oil supplies is what the global oil market needs now, as worsening energy security and market volatility will be a lose-lose game for all the sides involved, the oil minister said...
  • Project to Supply Oman Sea Desalinated Water to Sistan-Baluchestan Underway
    The executive work to transfer 200 million cubic meters of desalinated water per year from the Sea of Oman to Sistan-Baluchestan is underway, director general of the National Water Data said. “The...
  • Urmia Lake Depletion Unabated
    Urmia Lake’s water level is currently 1,270 meters, down 53 centimeters compared to last year’s level, the head of Integrated Water Resources Management Department at the Energy Ministry said. “...
  • OPEC+ Running Out of Production Capacity
    The OPEC+ alliance of oil producers is running out of capacity to pump more crude, including its biggest member Saudi Arabia, according to Nigeria’s petroleum minister.  
  • Hormozgan Accounts for 50% of Iran’s Desalinated Water Supply 
    The southern Hormozgan Province off the Persian Gulf accounts for 50% of desalinated water produced in Iran, the head of the provincial Water and Wastewater Company said. “Close to 41 desalination...
  • Power Consumption Alarming 
    Electricity consumption in Iran crossed 65,000 megawatts on Sunday, an alarming level for early summer, which is over 3,000 MW higher than on the same day (June 26) of last year. The power use has...
  • Lordegan Petrochemical Company Output Rises 518% in Spring YOY
    The urea and ammonia output of Lordegan Petrochemical Company in the southwestern Chaharmahal-Bakhtiari Province increased by 518% in the first three month of the current Iranian year (March 21-...
  • KPC’s Annual Methanol Output to Reach 2 Million Tons
    The development of Kharg Petrochemical Company, the only petrochemical producer on Kharg Island 25 kilometers off the Persian Gulf coast, is underway as planned, the head of the company said. “The...
  • Bu Ali Sina Petrochemical Company Sales Increase by 144% in Spring
    The sales of Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, increased by 144% in the first three months of the current Iranian year (March 21-June 21) compared with the same...
  • Oil Prices Extend Gains
    Oil prices extended gains on Monday as investors stood on guard for any moves against Russian oil and gas exports that might come out of a meeting of leaders of the Group of Seven nations meeting...
  • Natural Gas Production Hit 232 bcm in Last Fiscal Year
    The state-run National Iranian Gas Company produced an estimated 232 billion cubic meters of natural gas in the last fiscal year (ended March 20, 2022), the head of NIGC said. “Of the output, 215...
  • Tavanir Triples Imports to Help Offset Power Shortage
    Iran Power Generation, Distribution and Transmission Company (Tavanir) is importing at least 700 megawatts of electricity per day from neighboring states, including Turkmenistan, Azerbaijan and...
  • AGE Unit for Northwest Gas Refinery
    To help raise sulfur and food-grade carbon dioxide production at Shahid Hasheminejad Gas Processing Company in Khorasan Razavi Province, an acid gas enrichment (AGE) unit has come on stream in the...
  • Ilam Petrochemical Plant Increases HDPE Production Capacity
    The production capacity of the high-density polyethylene unit at Ilam Petrochemical Plant in Ilam Province has increased by 10%, managing director of the company said. The HDPE unit, which was...
  • Natural Gas to Reach Chabahar in Coming Months
    Natural gas will soon reach Chabahar Port in Sistan-Baluchestan Province, managing director of Iran Gas Engineering and Development Company said. Reza Noshadi added that the project to supply gas...
  • Ghadeer Petrochemical Company Boosts Output
    The output of Ghadeer Petrochemical Company in Mahshahr, Khuzestan Province, increased by 46% in the first three months of the current Iranian year (March 21-June 21) compared with the same period...
  • Crude Processing Capacity Up 11 Million Liters Per Day
    The National Iranian Oil Company has boosted its crude oil refining capacity by 11 million liters per day in the last 12 months. According to IRNA and based on data from the Oil Ministry and the...
  • Yazd Solar Power Generation Grows
    A new 2.5-megawatt photovoltaic solar farm went on stream on Friday in Garizat rural district in Taft County, Yazd Province, raising PV capacity in the desert region to more than 60 megawatts,...
  • Iran-Iraq Energy Ties to Expand
    Iran is ready to export technical and engineering services to Iraq and help the neighboring country develop its oil and gas industry, managing director of the National Iranian Oil Company said....
  • Oil Prices Slid by $4/b
    Oil prices dived more than $4 a barrel on Wednesday amid a push by US President Joe Biden to bring down soaring fuel costs, including pressure on the country's major energy firms to help ease the...
  • Smart Gas Meters to Help NIGC Minimize Losses
    The annual volume of natural gas loss in Iran's national grid caused by gas meter fraud is close to 2 billion cubic meters that can be easily avoided by replacing traditional meters with smart...
  • Maximum Gas Supply to Power Plants Will Continue in Summer
    Maximum gas is being supplied to power plants across Iran and the trend is expected to continue during the summer as well, the head of the National Iranian Gas Company’s Dispatching Department said...

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