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…
Energy
The world’s biggest oil buyers are being forced to go on the defensive once again. US President Donald Trump’s sanctions on Iran and Venezuela, the OPEC+ coalition’s output curbs, and…
The know-how to build liquefied petroleum gas (LPG) storage tanks has been indigenized by a private company, managing director of Panahsaz-e-Iran Engineering Company said Monday. "Manufacturing…
The first phase of a wastewater treatment plant in Paveh County in Kermanshah Province was inaugurated by Energy Minister Reza Ardakanian on Saturday. The $2 million facility has the capacity…
Iran's top engineering and energy company the Mapna Group, on Sunday unveiled an advanced gas turbine used in the power, oil, gas and petrochemical sectors. In a news briefing on Sunday, CEO…
Russia’s oil output will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues. The contaminated crude oil was shipped…
Load on the national power load is expected to increase by 5% in the current fiscal that started in March, a deputy managing director of Iran Power Generation, Distribution and Transmission…
Iran’s oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global supply losses caused by US sanctions on…
The plan to ration gasoline and increase fuel price has been suspended for now, spokesman for the Majlis Presiding Board told reporters on Sunday. “The matter will be discussed at a joint…
China’s natural gas consumption grew steadily in the first quarter of the current year amid the country’s fight against air pollution.
The National Iranian Oil Company and Iraqi oil officials explored ways to boost cooperation in Tehran on Friday.
The United States' decision to end waivers that allowed a handful of countries to buy oil from Iran is more likely to have geopolitical implications than to affect Italy's energy supply,…
Many say that in the current economic conditions resuming the gasoline rationing system to better manage (curb) fuel consumption is inevitable, but may not help much in preventing smuggling.…
Despite the new US sanctions and bullying, and concerns expressed by Dutch banks, Dutch companies are still cooperating with Iran’s oil industry, said the head of the Dutch pavilion at the 24th…
Turkey will be unable to diversify oil imports quickly after the United States ended waivers on purchases from Iran, the Turkish foreign minister said on Thursday, a day after a US-imposed…
Saudi Arabia’s coast guard assisted an Iranian oil tanker with engine trouble off the coast of Jeddah in the Red Sea after Riyadh received a request for help from Iran. Iran confirmed that its…
A 1000-kilowatt solar power plant became operational in the northwestern Ardabil Province on Thursday, the head of provincial regional electricity company said. "Built over 3,000 square meters…
Unilateral measures to cut Iranian oil exports to zero will not produce the results desired by the Trump White House.
The national gas grid will be completed in three years after which the entire country will have access to the network by 2023, managing director of Iran Gas Company said at the weekend.
Oil Minister Bijan Namdar Zanganeh has denied rumors that gasoline rationing would start from today (May 2). “What is being floated around regarding gasoline rationing is a lie,” he said…
President Hassan Rouhani on Wednesday inaugurated water projects in western Kermanshah Province completed at a total cost of $285 million.
Oil prices fell on Wednesday after a report showed a rise in US crude inventories, but global markets remained tense amid an intensifying political crisis in Venezuela, tightening US sanctions…
OPEC oil supply hit a four-year low in April due to further involuntary declines in sanctions-hit Iran and Venezuela and output restraint by top exporter Saudi Arabia.
Gas units of the first phase of Khorramabad Combined Cycle Power Plant in Lorestan Province, have registered 70% progress and will come on stream in the fall, said the managing director of Saba…
Raising water tariffs will not necessarily lead to lower consumption, but can help if applied in tandem with other management measures, a water expert said.
