Energy officials seem oblivious of the fact that domestic companies have the capacity to provide up to 80% of the equipment needed by the oil sector, head of the Iranian Oil Equipment…
Energy
Over half the electricity in central Yazd Province (53%) is consumed by the industrial sector, managing director of Yazd Electricity Distribution Company said.
Gas projects in western Kurdestan Province are awaiting funds and if the money is not available expansion of the gas network to rural areas will be suspended, the managing director of Kurdestan…
Whether it is the US sending military warnings to Iran or tensions in Venezuela, some oil traders have started to gear up for a possible price surge as political risks escalate.
The parliament has rejected a proposal by the Energy Ministry to raise water and electricity tariffs, saying it is “against the law” as it will pile economic pressure on the people in the…
Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude, contributing to a rise in global oil prices and leaving refiners in…
Oil refiners across Asia are bidding up crude prices from Abu Dhabi to Oman as they compete for supplies to make up for lost Iranian and Venezuelan exports. July-loading cargoes of grades such…
Mapna Group has converted 27 gas power stations into combined-cycle plants and work to convert more is underway, the company's CEO said.
The engineering and designing phase of 20 crude oil storage facilities near the southeastern port of Jask in Hormozgan Province is almost finalized, managing director of the Petroleum…
Iran is one of the largest producers of petrochemicals supplying the global downstream industry vital raw material, and it would be difficult to find alternatives for such quality products, a…
OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to pump more due to…
Oil prices rose on Friday despite the start of US President Donald Trump’s tariff hike on $200 billion of Chinese goods, stoking the trade dispute between the world’s two biggest economies.…
Total annual energy consumption in Iran is almost equal to the energy produced by burning 1.4 billion barrels of crude oil. The Iran Fuel Conservation Company says more than 35% of the energy…
China Petrochemical Corp (Sinopec Group) and China National Petroleum Corp, the country’s top state-owned refiners, are skipping Iranian oil purchases for loading in May after Washington ended…
Drilling 10 wells in South Azadegan Oilfield in Khuzestan Province will start soon, deputy director of the National Iranian Drilling Company said. “NIDC supplies drilling rigs, technical and…
The government is preparing a plan of action based on which solar power generated by private companies and households will be sold without state interference, a deputy energy minister said…
To help prevent disruption in power transmission in Maragheh County in East Azerbaijan Province, a mobile substation will be synchronized with the national grid in June, deputy for…
Pakistan has expressed willingness to complete the long-delayed Iran-Pakistan gas pipeline project. According to IRNA, Pakistan's Prime Minister Imran Khan has instructed his foreign…
Salehabad village in Omidiyeh in southwestern Khuzestan Province was evacuated Monday after a fire broke out at a oil pipeline near the village, the governor said. The accident occurred when…
Iran's petrochemicals output will increase 70% in two years and revenues from the sector will rise by 46% by 2021, managing director of the National Petrochemical Company said. “Nominal…
Iranian Offshore Oil Company, a subsidiary of the National Iranian Oil Company, has not cut offshore crude output nor stopped loading oil for export, managing director of the company said Monday…
Iraq will remain committed to the OPEC+ deal struck in December 2018 to cut production by 1.2 million barrels per day, according to the nation's oil ministry.
Close to 240 billion cubic meters of natural gas -- average 655 million cubic meters/day -- was supplied via the national gas grid in the last fiscal that ended in March, head of the…
Since the beginning of the current water year last September, the volume of water flowing into the country's dams has reached 64.08 billion cubic meters, up 300% compared to 16.15 bcm last year…
Oil prices tumbled by more than 2 % on Monday after US President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking derailing months of trade talks…
