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April 26,2020
Saudi Aramco began reducing oil production earlier this week ahead of the May 1 start date for OPEC+ output cuts, according to a Saudi industry official familiar with the matter.
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April 26,2020
Total losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than ($1.27 billion), the Caixin financial news outlet reported on Sunday, citing...
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April 26,2020
Mega structures being developed by the Caspian Sea littoral states (Iran, Russia, Azerbaijan, Kazakhstan and Turkmenistan) on the tributaries of the sea will substantially decrease water inflow...
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April 26,2020
Researchers in tech firms and knowledge-based companies have produced sulfur separation catalysts in collaboration with two centers of higher learning: Iran University of Science and Technology and...
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April 25,2020
Construction of a new petrochemical plant in Eslamabad-e Gharb County, Kermanshah Province, will begin soon and it is expected that upon completion, it brings about an evolution in the economy,...
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April 25,2020
With just three days remaining to the expiry of a 30-day US waiver to import Iranian gas and electricity, Iraq will struggle to drum up some $10 billion in investments over a four-year period to...
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April 25,2020
The Majlis has passed a law stating that 25% of the value added tax on the electricity bills should go for promoting the Renewable Energy and Energy Efficiency Organization (Satba), director...
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April 24,2020
Jam Petrochemical Company in Asalouyeh in southern Bushehr Province, hit a new record in producing high-density polyethylene last year (ended March 19), director of HDPE production said.
“Our plan...
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April 24,2020
Electricity consumption surpassed 37,000 megawatts between April 20 and 22 and peaked at 37,500 MW on Wednesday, April 23.
According to Barq News website, this was at least 12% higher compared to...
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April 24,2020
Kuwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut.
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April 22,2020
Oil prices continued to plummet Wednesday as concerns over limp demand and limited remaining storage capacity lingered.
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April 22,2020
Bandar Abbas Thermal Power Plant is the major source of pollution in Bandar Abbas, capital of southern Hormozgan Province, director general of Hormozgan Provincial Directorate of Department of...
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April 22,2020
A joint Japan-UNDP program to help restore Lake Urmia has entered the next (7th) phase, head of the Wetland Protection Office of the Department of Environment said.
“Emphasis of the new phase is...
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April 22,2020
The most ambitious bid to rescue the global oil industry ever seen has been swept aside by a brutal wave of demand destruction.
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April 21,2020
US oil futures traded in negative territory on Tuesday, after sinking nearly $40 the previous session in their first ever dive below zero, as concern grew the sector will run out of storage for a...
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April 21,2020
The renewable-energy industry could create more than a million jobs a year if countries invest enough to meet their target for cutting global carbon emissions, according to an advocacy organization...
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April 21,2020
The national power distribution and transmission infrastructure is expanding in tandem with rising capacity that has reached 84 gigawatts.
According to the Energy Ministry news portal,...
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April 21,2020
Programs are underway to increase output from South Pars Gas Field phases 20 and 21. Work is expected to be completed in the second half of this year, managing director of the 8th South Pars...
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April 20,2020
Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to the...
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April 20,2020
Bid Boland Gas Refinery in southern Khuzestan Province has taken the lead in promoting environment-friendly practices to reduce greenhouse gas emissions, the managing director of the plant said.
“...
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April 20,2020
Iraq plans to study using Kurdish natural gas for power generation, the country's oil minister said on Sunday, allowing OPEC's second-largest oil producer to plug the gas deficit and power shortage...
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April 20,2020
Researchers and engineers at the Iranian Research Organization for Science and Technology have designed and manufactured a biomass downdraft gasifier.
After acquiring technical knowhow and skills...
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April 19,2020
An estimated 800 companies active in manufacturing oil/gas equipment are facing insolvency due to the huge economic impact of the coronavirus, head of the Iranian Oil Equipment Manufacturers'...
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April 19,2020
Crude prices in America’s oil capital are getting dangerously close to zero.
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April 18,2020
Oil fell below $19 per barrel in New York after a wave of gloomy demand forecasts and a cratering physical market outweighed an unprecedented deal to cut output.