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
  • Shazand Refinery Indigenizing 90% of Mechanical Parts
    Over 90% of the mechanical parts of Imam Khomeini Shazand Oil Refinery in Arak County, Markazi Province, have been indigenized, helping save $54 million since 2006, which would be needed to spend...
  • New Well Operational at Forouzan Oil Field
    The first well as a part of the development program of Forouzan offshore oilfield in the Persian Gulf has become operational, director of the field development project at the Iranian Offshore Oil...
  • TM Oblivious to Water Crisis
    The National Water and Wastewater Engineering Company of Iran (Abfa) is willing to annually supply 50 million cubic meters of treated wastewater to Tehran Municipality for parks and green spaces,...
  • Ardabil Geothermal Power Plant Finally Moving Ahead
    The construction of Iran’s first geothermal power plant in Meshkinshahr, Ardabil Province, has gained momentum as obstacles hampering the project, including financial disputes between the Energy...
  • NPC Invites Russian Firms to Invest in Petrochemical, Oil and Gas Projects
    Access to abundant oil and gas reserves is a unique advantage for the development of Iran’s petrochemical industry and Russian companies are welcome to use this opportunity and participate in Iran’...
  • Combined-Cycle Power Plant to Supply Electricity to South, Southeast
    The transformer of the first 162-megawatt gas unit of Mahtab Kavir Power Plant in Zarand County, Kerman Province, has become operational and the unit will be connected to the national electricity...
  • Private Sector Drilling in Khuzestan Oilfields
    Drilling operations to boost Jofeir and Sepehr oilfields’ production capacity in Khuzestan Province are being carried out by the private sector, deputy managing director of Pasargad Energy...
  • Crude, Derivatives Export Revenues Hit $43b in 2021
    The National Iranian Oil Company generated $43 billion by selling oil and derivatives in international markets in 2021. Oil Minister Javad Owji made the statement on the sidelines of a ceremony to...
  • Boosting Electricity Imports on Tavanir’s Agenda
    To help meet growing power demand in summer, Iran Power Generation, Distribution and Transmission Company (Tavanir) is planning to import 600 megawatts of electricity per day from neighboring...
  • Uptrend in Tehran Water Use
    Water consumption in Tehran reached a peak of 3.2 billion liters per day between March 6 and April 16, up 90% compared with the same period of last year, the deputy for water and hydropower affairs...
  • Brent, WTI Prices Steady
    Oil prices steadied on Monday as worries over slowing demand in China prompted investors to take profits on gains made earlier in the day on concerns over tight supply and the deepening Ukraine...
  • Iran Gains Knowhow to Repair Welded Ball Valves
    Iran has acquired the knowhow to repair different types and sizes of fully welded ball valves, managing director of the National Iranian Gas Company said. “The country is now among a few in the...
  • Hydropower Capacity to Increase by 20 Percent in Summer
    Hydropower plants are expected to generate more than 55,000 megawatt-hours of electricity on a daily basis between June and August that will be 20% more than last year’s output of 46,000 MW hours...
  • Kish Gasoline Scheme Successful
    The new scheme for rationing gasoline based on the national code was carried out for two months without any problems on Kish Island in the Persian Gulf, secretary of the Supreme Council of Free...
  • Electricity Meters Surpass 39 Million Nationwide
    The number of electricity meters nationwide has soared by 1 million over the past 12 months to exceed 39 million, the energy minister said. “The total number of consumers in four sectors [...
  • Thermal Power Output Increases
    An estimated 359 billion kilowatt-hours of power have been produced over the last 12 months, of which 91% were generated in thermal power stations, director of planning at TPPHC said. “Of the...
  • 3rd Phase of Ghadir Water Supply Project Halfway Through
    The third phase of Ghadir Water Supply Project that is underway in Khuzestan Province has progressed by 53%, managing director of the National Water and Wastewater Engineering Company (Abfa) said...
  • Crude Prices Settle Higher
    Crude prices rose on Thursday after an early decline as investors covered short positions ahead of the long weekend and on news that the European Union might phase in a ban on Russian oil imports...
  • Water Level in Dams Down 13%
    Water stored in dams across Iran has reached 25 billion cubic meters, which are 13% less compared with last year’s level. The overall capacity of dams is 50 billion cubic meters while water levels...
  • Persian Gulf Water to Help More Industries in Yazd
    The new phase of a project to transfer desalinated seawater to central Iran for industrial use has registered 65% progress. The second phase of the project to divert water from the Persian Gulf to...
  • Third Gas Unit With F-Class Turbine to Be Launched in Summer
    The gas unit of Dokouheh Combined-Cycle Power Plant in Andimeshk County, Khuzestan Province, with an F-Class turbine and a capacity of 307 megawatts will become operational before the beginning of...
  • Iran Floating Photovoltaic Potential Assessed
    The results of a survey conducted by the Renewable Energy and Energy Efficiency Organization (Satba) demonstrate the potential of floating photovoltaic (FPV) systems to contribute to the power...
  • Abadan Refinery Expansion Set for Summer Completion
    The second phase of Abadan Refinery expansion plan in Khuzestan Province has registered 92% progress and its completion is expected in summer, the project operator said.  “The venture includes the...
  • Neighbors Accountable for Iran Dust, Sand Storms
    Iran’s neighboring states, including Iraq and Turkey, should be held accountable for the intense dust and sand storms that frequently slam the country, a water resource management expert said. “...
  • OPEC: Replacing Russian Oil Supply Shortfall Impossible
    OPEC told the European Union on Monday that current and future sanctions on Russia could create one of the worst-ever oil supply shocks and it would be impossible to replace those volumes, and...

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