It is essential to put an end to damages inflicted on wetlands by restoring and protecting them and preventing devastating consequences on people's lives and the environment, the first vice…
Energy
The guaranteed purchase price paid by the government for renewable power generated by private companies has, on average, increased by 65%. A new directive to raise tariffs (for the private…
A new gas field has been discovered in southern Fars Province after surveys that lasted a year, director of development and engineering affairs at the National Iranian Oil Company said Sunday.…
Rates to charter oil tankers from the Persian Gulf, United Kingdom and the US Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the…
The world is going through tectonic change in the energy sector and the renewables revolution is compelling the energy industry to evolve, managing director of the Oil Industries Engineering and…
Unlike previous years when some petrochemical plants had to be shut down due to lack of feedstock in winter, natural gas in sufficient volumes from South Pars Gas Field will keep all…
Projects to decrease groundwater extraction in Yazd Province have helped reduce the rate of depletion of groundwater in plains and aquifers. An average one billion cubic meters of water is…
The last offshore platform of South Pars Gas Field phases 22-24 was successfully loaded at Iran Marine Industrial Company, also known as SADRA, in Bushehr Province Thursday.
Oil prices jumped more than 2% on Friday after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply…
OPEC trimmed its forecast for oil demand growth for the third month in a row on Thursday, citing weaker-than-expected data in the Asia Pacific region as well as advanced economies in the…
Reviving the gasoline rationing system with two rates can help curtail rampant smuggling and help boost exports, a board member of the Iranian Oil, Gas and Petrochemical Products Exporters’…
Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies. Some 910,000…
Hidden subsidies paid to industry, mining and petrochemical sectors last fiscal year (March 2018-19) for gas and electricity reached a staggering $9.5 billion, according to a new report by the…
There has been no rise in electricity tariffs despite the elimination of paper billing, the Energy Minister said in Tehran on Tuesday.
The amount of energy wasted in Iran due to daily flaring equals the energy produced by burning 5.5 million barrels of oil, a former lawmaker and a consultant to Majlis Speaker Ali Larijani…
Oil prices increased on Tuesday as unrest in Iraq and Ecuador raised supply concerns, but worries about US-China trade negotiations capped the market’s gains after President Donald Trump said a…
To comply with the International Maritime Organization (IMO) new regulations for a 0.5% global sulphur cap for marine fuels, refineries are making concerted efforts to lower sulphur content in…
The oil industry has been a driving force for local upstream and downstream companies including private enterprise working for or related to oil in some form or fashion. Oil Minister…
Saudi Aramco’s trading arm bought 70,000 tons of naphtha from Indian Oil Corp on Friday at premiums not seen since 2013 as it seeks to plug a supply gap following Sept. 14 attacks on its…
Oil prices were up on Monday, buoyed by hopes of progress in US-China trade talks and supported by challenges to supply facing major exporters. Brent crude rose 34 cents or 0.6% to $58.71…
Lavan Oil Refinery has started producing gasoline compliant with Euro-5 standards, the managing director said. “Completion of a development plan, costing $222 million, has helped the refinery…
Completion of Tajikistan's Anzob Tunnel next year with the help of Iran’s private companies can help consolidate two-way relations. Sohrab Mirzazadeh, Tajikistan's deputy minister of transport…
Oil Minister Bijan Namdar Zanganeh said Sunday Iran will use every possible method to sell its oil, adding that it is the country’s legitimate right. “We will use every possible way to…
Consumption of environmentally-unfriendly liquid fuels like diesel and mazut in power plants and farming declined 31% over the past six years, the Oil Ministry's deputy for planning and economic…
Several power projects were launched while work on other plants began Saturday during Energy Minister Reza Ardakanian’s visit to the southwestern Kohgilouyeh-Boyerahmad Province. The first…
