Energy

The production of ethane gas and liquefied petroleum gas at the Ilam Gas Refinery increased in the first two months of the current Iranian year (March 21-May 21), managing director of the…

Oil prices edged lower on Friday as demand concerns emerged following interest rate hikes in the week, although new sanctions on Iran capped the downside. Brent crude futures fell 47 cents, or…

Iran has received $1.6 billion for its gas export arrears from Iraq, Iran’s Oil Minister Javad Owji said on Wednesday. The repayment, which is related to 2020, has been done after months of…

Power outages in Khorasan Razavi Province have reduced cement output and doubled prices, deputy marketing and sales manager at Sharq Cement Company said.

The Power Generation, Distribution and Transmission Company (Tavanir) has no plans to restrict power supply to pharmaceutical firms, spokesman of the state-run firm said. “Tavanir has…

To help accelerate value chain completion in the petrochemical sector, the National Petrochemical Company is determined to indigenize all major catalysts used in the industry by 2024, managing…

OPEC expects the pace of oil demand growth to halve next year, as inflation and conflict grip the global economy. World oil consumption will expand by 1.8 million barrels a day, down from the 3…

The production of liquefied petroleum gas increased by 15% in the last seven months of the previous fiscal (Aug. 23, 2021-March 20) compared with the same period of the year before, managing…

Pakistani Foreign Minister Bilawal Bhutto Zardari and his Iranian counterpart Hossein Amir-Abdollahian met in Tehran on Tuesday to discuss bilateral relations and regional security.  “It’s…

Pistachio exports account for 50% of water exported from Iran virtually, a member of Iran Water Industry Federation, a privately-owned organization, said. “Annually, close to 20 billion cubic…

Two new gas units will come on stream at Tehran’s Tarasht Power Plant, the oldest power station in Iran, in the summer, deputy for projects development at the Thermal Power Plants Holding…

The supply of desalinated water to Dargahan rural district on Qeshm Island has increased by 70%, Hormozgan Province, the head of the provincial Water and Wastewater Company said.

The first gas unit of Mahtab Kavir Power Plant in Zarand County, Kerman Province, has been connected to the national electricity network, director of the power project at the Thermal Power…

Oil prices dropped more than $2 on Monday as a flare-up in Covid-19 cases in Beijing dashed hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and sluggish…

The water stored in Karkheh Dam in Khuzestan Province has had a drastic decline in the past few months, managing director of the dam said. “Due to the fall in precipitation in the past two…

The National Iranian Oil Refining and Distribution Company has no plans to import gasoline unless the current unsustainable consumption pattern changes for the worse, said the director of…

Iran delivered the second domestically manufactured Aframax oil tanker to Venezuela on Saturday at a ceremony held in Tehran in the presence of President Ebrahim Raisi and his Venezuelan…

Tehran Oil Refining Company has installed a stack emission monitoring system to monitor gas emissions in real time, the head of the refining company said.

Hydropower plants are expected to inject more than 15 million megawatt hours of electricity to the national power grid by the end of the current fiscal year (March 2023), the deputy head of…

Daily water consumption in Tehran has exceeded 3.6 million cubic meters, which is unprecedented for this time of the year, the deputy head of Operations Department at Tehran Province Water and…

About 70% of drilling rigs in Iran are produced domestically, the National Iranian Oil Company's deputy director for exploration affairs said.  “This is while until 30 years ago, 90% of…

With the synchronization of 11 gas and steam units with the national grid in thermal power stations across the country, the capacity of Iran's thermal power plants has reached 71,000 megawatts,…

Hungarian Foreign Minister Peter Szijjarto has ruled out the prospect of a Russian gas ban in the European Union’s next package of sanctions, calling it “impossible”.

Desalination plants with a total capacity of 120,000 cubic meters per day are under construction across the southern Bushehr Province, the managing director of Bushehr Water and Wastewater…

Crude oil production from OPEC and its Russia-led allies rebounded modestly in May from a steep drop in April, but remains well short of its collective quotas, highlighting the group's…