Oil prices steadied on Friday near a two-month high of $77.50 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory draws. The rally…
Energy
Iran's Oil Minister Bijan Namdar Zanganeh on Sunday appointed Ali Kardor as the new head of the state-run National Iranian Oil Company. Kardor, who previously served as NIOC's investment and…
The Oil Ministry has invested around $10 billion on the development of Azar joint oilfield in Ilam Province to increase the output from the field, which currently stands at 65,000 barrels per…
The construction of a thermal power plant near Zahedan, Sistan-Baluchestan Province, will start soon, director of gas power plants project at Thermal Power Plants Holding Company said. “Located…
The number of electricity meters nationwide has risen by 350,000 over the past 12 months to reach 38 million.
The National Iranian Oil Company has prepared a long-term plan to attract foreign and domestic investments worth $145 billion over the next four years. Oil Minister Javad Owji made the…
Soaring gas prices are the cost of the attempted shift to renewable energy sources, OPEC Secretary-General Mohammed Barkindo told CNBC. “I have talked about a new premium that is emerging…
Oil prices rose on Tuesday as analysts pointed to signs of US supply tightness, ending days of losses as global markets remain haunted by the potential impact on China's economy of a crisis…
As soon as mercaptan removal units in gas refineries of South Pars Gas Field in the southern Bushehr Province become operational, natural gas will be replaced with condensates in thermal power…
Dena Petrochemical Complex in Asalouyeh, Bushehr Province, which is currently under construction, has signed a contract worth over $3.7 million with local manufacturers to support domestic…
Iran remained the single largest provider of energy subsidies across the globe in 2020. According to IRNA and based on data from the International Energy Agency, Iran paid $29.7 billion in…
There are 67 petrochemical companies in Iran, which account for less than 0.5% of total annual water consumption.
The sulfur output of Ilam Gas Refining Company in Ilam Province has grown by 25% in the first five months of the current Iranian year (March 21-Aug. 22) compared with the same period of last…
Oil Minister Javad Owji has appointed Majid Chegeni as the managing director of the National Iranian Gas Company on Sunday. With a master’s degree in industrial engineering, Chegeni has held…
The controversial policy of paying subsidies to the loss-making power sector that has kept electricity prices low for consumers is unsustainable and has put private power producers in danger of…
Dams across Iran has the capacity to hold 50.5 billion cubic meters of water, but currently only 39% of their total capacity is filled, which is due to lower precipitation in the past water year…
The development of oil and gas fields shared with neighboring states is a top priority, but unfortunately the Oil Ministry has long been grappling with financial constraints, a lawmaker from…
The construction of Emarat Dam in Germi County in northwestern Ardabil Province has registered 95% physical progress and will be launched in February 2022, Mehr News Agency reported. Built on…
Amir Kabir Petrochemical Plant in Mahshahr, Khuzestan Province, has increased its output and exports in the first five months of the current Iranian year (March 21-Aug. 22) compared with the…
The National Water and Wastewater Engineering Company of Iran (Abfa) is ready to supply at least 15 million cubic meters of treated wastewater to Tehran Municipality a year for watering parks…
Oil prices fell on Friday as more supply came back on stream in the US Gulf of Mexico following two hurricanes, but both benchmark contracts were on track for weekly gains of more than 3% as…
Iran’s Oil Ministry has planned to increase output in joint oilfields that contain more than 153 billion barrels of extractable oil. Oil Ministry Javad Owji made the statement during a visit to…
The Persian Gulf Petrochemical Industries Corporation has improved its position in the latest ranking released by the Independent Commodity Intelligence Services, which is the world’s largest…
Investors managing more than $10 trillion on Wednesday published an ambitious blueprint for energy companies, seeking to tackle climate change, including sharp cuts to greenhouse gas emissions…
Despite problems caused by the Covid-19 and financial constraints imposed by US sanctions, which slowed down construction operations at the second and third units of Bushehr Nuclear Power Plant…
