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
  • First Phase of CTEP Commissioned
    To develop the giant South Azadegan Oilfield in Khuzestan Province, Petropars company has completed the first phase of a central oil treatment plant under an engineering, procurement and...
  • 5 Petrochem Plants Come on Stream in Spring: NPC
    Five petrochemical plants will come on stream in the spring, the director of projects at the National Petrochemical Company said. “Five petrochemical facilities to be launched include Sabalan...
  • South Tehran Power Plant Retires
    Iran's Thermal Power Plants Holding Company has signed a contract with Mapna, the engineering and energy giant, to decommission the 52-year old Besat Thermal Power Plant in south Tehran. As per...
  • Work Begins on 2 Desalination Plants in Southern Qeshm Island
    Construction of two desalination plants in Qeshm Island, Hormozgan Province, has started to improve water supply to rural areas, managing director of the Hormozgan Water and Wastewater Company said...
  • GIS Substations Stabilize Power Supply in Sandstorm Regions
    To help improve power supply in Ahvaz, Khuzestan Province, and reduce load shedding and frequent outages, three gas-insulated substations have been built and are being synchronized with the...
  • Lake Urmia Inflow Improving
    With programs to revive Urmia Lake moving ahead, seven billion cubic meters of water from dams flowed into the world famous lake in the past decade and is increasing, head of Urmia Lake Restoration...
  • Brent Crude Eases, But Stays Near $70
    Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the...
  • Bandar Abbas Refinery Adding Value to Output
    Bandar Abbas Oil Refinery in Hormozgan Province has increased output by 30,000 barrels of crude oil per day, the managing director said. “With the rise in feedstock refining the company has added...
  • Stage Set for Bigger Mokran Oil Role
    Construction of petrochemical storage tanks in Mokran (also Makran) Petro-Refinery Complex will start in the port city of Jask in southern Hormozgan Province next week. Both a refinery and a...
  • Propylene Shortage Hurting Petrochem Sector Growth
    Completing the value-added petrochemical production chain in petrochemical sector can help cut import of strategic commodities like propylene and also develop the key downstream sector, managing...
  • Desalination Industry Thriving in Hormozgan, But Worries Linger
    The number desalination plants in southern Hormozgan Province has increased threefold in the past six years, but such development projects should be given higher priority as water scarcity looms in...
  • Oil Falls After Hitting Pandemic High $70
    Oil prices slipped on Monday after earlier climbing above $70 a barrel for the first time since the Covid-19 pandemic began after attacks on Saudi Arabian oil facilities.  
  • SP Phase 11 Drilling on Target
    Mapna Drilling Company completed drilling four wells in the South Pars Gas Field Phase 11 off the Persian Gulf in two months, managing director of Petropars Company said. Hamidreza Masoudi said 4,...
  • Water Levels in Tehran Dams Decline
    The five dams supplying water to Tehran hold 567 million cubic meters of water, which is 64 mcm less than the same time last year, deputy for water and hydropower affairs at the Tehran Regional...
  • Power Tariffs Jump 4 Times for Industries
    The Majlis passed a bill last week based on which electricity tariffs for energy-intensive industries, namely cement factories, refineries and petrochemical and steel companies will increase...
  • Studies on Oman Sea Water Transfer Complete
    Studies to transfer water from the Sea of Oman to three eastern provinces in Iran have been completed and Tabesh Company has started the executive work, head of the company said.  Extraction,...
  • Investing in CNG Economically Viable
    Investing $1 billion in the compressed natural gas sector, as an alternative green fuel, will help replace 20 million liters of gasoline with 20 million cubic meters of CNG per day, a deputy oil...
  • Energy Expansion in Yazd Counties
    Four water and electricity projects were launched in Yazd Province on Saturday including one electricity project in Abarkouh County and three water projects in Khatam, Meybod and Ardakan counties,...
  • Oil Soars to Near 14-Month High as OPEC+ Extends Output Cuts
    Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more...
  • Demand Disappears for Premium Gasoline
    Demand for premium gasoline, marketed as ‘super’ in Iran declined 80% in the first 11 months of the current Persian calendar year that ends on March 20 compared to the same period last year, head...
  • Turkey Cuts Gas Import From Iran
    Turkey’s natural gas import from Iran declined by 31% in 2020 compared to a year ago. According to Barq News, the latest report issued by Ankara-based Energy Market Regulatory Authority (EMRA)...
  • Smart Water Use Remains a Priority
    The Majlis on Wednesday obliged the Central Bank of Iran to allocate $80 million for the electrification of agro wells. The CBI will make the funds available through commercial banks for the Power...
  • Brent, WTI Hike as OPEC+ Considers Rollover
    Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine...
  • Green Industry Award for Polypropylene Company
    Jam Polypropylene Company in Asalouyeh, Bushehr Province, has received Iran’s green industry award for the second consecutive year. The award, given annually by the Department of Environment, is...
  • Zahedan Water Shortage Causes Difficulties, Serious Concern
    The daily water deficit in Zahedan, capital of Sistan-Baluchestan Province, is about 100,000 cubic meters, managing director of the provincial Water and Wastewater Company said.  "Water supply to...

Pages

Financialtribune.com