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
  • Khuzestan Power Company Installing 6 Mega Transformers
    To help stabilize power supply in Khuzestan Province, six mega transformers are being installed in Ahvaz and Omidiyeh substations, managing director of the provincial power company said. "The...
  • Total Wants to Reduce Stake in Giant Kazakhstan  Oilfield
    France’s Total is seeking to sell part of its stake in Kazakhstan’s giant Kashagan oilfield to raise up to $4 billion, four banking sources said.  
  • Fuel Cards Minus Rationing System Unjustified
    The program to restart use of fuel cards without restarting the 2015 gasoline rationing system would be pointless, the former head of the gasoline rationing office said. "Reactivating old fuel...
  • Crude Oil Inventories Rise
    In recent weeks, Iran has been storing more oil onshore and at tankers at sea as it looks to continue producing oil, but its crude exports are severely restricted by the US sanctions, Reuters...
  • Heavy Power Consumers in Iran Will Pay More
    New electricity tariffs for heavy consumers will start at the end of this Iranian month (June 21). After parliament rejected a government proposal to raise tariffs for subscribers across the board...
  • Washington Exempts Iraq From Iran Sanctions
    Iraq can continue importing Iranian natural gas and power until June, said Joey Hood, charge d’affaires of the US mission in Iraq. 
  • India Ends Oil Imports From Iran
    India has officially ended all oil imports from Iran, India’s Ambassador to the United States Harsh Vardhan Shringla said on Wednesday, after Prime Minister Narendra Modi  managed to emerge...
  • First EV Charging Station Opens in Northwest Tehran
    Mapna Group opened Iran’s first electric vehicle charging station at Tehran's iconic Milad Tower on Wednesday. Built over 700 square meters, the station in the northwest of the capital includes a...
  • UNICEF, Energy Ministry Discuss Water Management, Sustainable Energy
    UNICEF’s Iran representative Will Parks and adviser to the energy minister for international affairs, Farhad Yazdandoust, met in Tehran Tuesday to discuss prospects for future cooperation....
  • US Buying More Russia Oil
    The United States is increasing its oil imports from Russia, according to a Bloomberg source, as US refineries clamor for more oil now that Venezuelan oil supplies have dried up.  
  • Iran Oil Derivatives Export to Afghanistan Unhampered
    Export of petroleum products including mazut, diesel and gasoline to Afghanistan is continuing as planned, spokesman of the National Iranian Oil Products Distribution Company said Wednesday. There...
  • Turkey Complies With US Oil Sanctions on Iran
    Turkey has closed its ports to Iranian oil, fully complying with US sanctions against its main supplier, despite Ankara publicly criticizing the United States’ move to end import waivers and...
  • Work in Progress at Gasfield in West Iran
    Second phase of the Tang Bijar Gas Field development project in western Ilam Province is good progress, the planning manager of state-owned Iranian Central Oil Fields Company said. "The second...
  • Iran Economic News Headlines - May 21
    1. Ardeshir Dadras, the head of Iran’s CNG Association: Iran accounts for $38 billion of the $350 billion worth of energy subsidies paid in the world [annually]. (IRNA)  
  • US Sanctions on Nord Stream 2 Coming
    United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not too distant...
  • Oil Up on Escalating Tensions
    Oil prices rose on Tuesday on escalating US-Iran tensions and amid expectations that producer club OPEC will continue to withhold supply this year.  
  • Minister Says Russia Open to Relaxing OPEC+ Cuts
    From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output...
  • Water, Power Infrastructure Expansion in West Azarbaijan
    Soil, water and electricity projects in West Azarbaijan Province were inaugurated Tuesday in the presence of President Hassan Rouhani and Energy Minister Reza Ardakanian. The development plans in...
  • CNG 10% Costlier From Today
    Compressed natural gas prices rose by 10% today (May 22). Ardeshir Dadras, head of Iran's CNG Association made the announcement Tuesday on the sidelines of a conference on the "CNG Industry...
  • Petrochem Co. Shows the Way to Do More With Less
    In a bid to improve energy efficiency and help protect the environment, Fanavaran Petrochemical Company off the Persian Gulf has reduced energy consumption in the methanol and ethanol units, the...
  • Kazakhstan Resumes Oil Production in Caspian Sea
    Production at the giant Kashagan oilfield in Kazakhstan's sector of the Caspian Sea restarted Sunday following the completion of scheduled maintenance, a source with a partner in the field's...
  • Tehran Power Grid Major Rehab Underway
    Rehabilitation of Tehran's ageing power infrastructure  is underway and several substations have been repaired or replaced, managing director of Tehran Regional Electricity Company said. "The...
  • Zahedan Gas Infrastructure Expanding
    Close to 520 kilometers of high-pressure gas pipes are being laid in Zahedan, Sistan-Baluchestan Province, managing director of the Khorasan Razavi Province Gas Company said. "The project is...
  • IPMO: Changes in Oil Export Tactics and Destinations
    National Iranian Oil Company has employed new tactics and chosen new destinations in shipping oil following the re-imposition of US sanctions, maritime affairs deputy director at Iran’s Ports and...
  • Iran to Offer 13 Oil, Gas Blocks
    The National Iranian Oil Company is interested in working with local firms willing to take a reasonable amount of risk, including uncertainty in international markets, tech issues, project-related...

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