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
  • Iran's Bandar Abbas Oil Refinery Raises the Bar
    A diesel hydrotreating unit started operating at the Bandar Abbas Oil Refinery in Hormozgan Province to help improve the quality of products in compliance with Euro 4 standard, said the refinery’s...
  • Doubt Cast on Relevance of OPEC, Non-OPEC Teamwork
    Iran Oil Minister Bijan Namdar Zanganeh says the Joint Ministerial Monitoring Committee (JMMC) and Joint Technical Committee (JTC) in charge of monitoring a deal between OPEC and other oil...
  • Losing Streak, Oil Enters Bear Market
    Oil’s set for its longest stretch of declines on record after entering a bear market, with investors awaiting a weekend meeting of OPEC and its allies to discuss output strategy.
  • Iran: Solar Power Plant Equipment Indigenized
    Close to 85% of equipment used in Iran solar power plants has been indigenized and renewable stations continue to function normally despite the new US sanctions, a deputy energy minister said...
  • Eni will look at the Iran sanctions measures to see if it can use Iranian crude.
    Italian oil major Eni will look at the Iran sanctions measures to see if it can use Iranian crude to allow it greater flexibility in procuring supplies, a spokesman said.
  • Upgrade Raises KRG Oil Pipeline Capacity
    An oil export pipeline in Iraq’s semi-autonomous Kurdish region has been upgraded to a capacity of 1 million barrels per day from 700,000 bpd, the Kurdish Regional Government’s natural resources...
  • Iran Launches Water Desalination Unit in Hormozgan
    A desalination unit in Sirik County, off the coast of Sea of Oman in the southern Hormozgan Province, was launched on Thursday. The facility provides 8,000 people with potable water, ISNA reported...
  • China Speeds Up Oil and Gas Drilling
    China’s Sinopec and CNPC are speeding up drilling and exploration from major shale oil and gas formations in the country’s western regions to boost domestic output, according to company reports on...
  • Brent, WTI Prices Plummet
    Oil prices fell on Monday as the start to US sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily. 
  • Upgrade Raises KRG Oil Pipeline Capacity
    An oil export pipeline in Iraq’s semi-autonomous Kurdish region has been upgraded to a capacity of 1 million barrels per day from 700,000 bpd, the Kurdish Regional Government’s natural resources...
  • Iran Paid $45b in Energy Subsidies in 2017
    International Energy Agency data show Iran paid $45 billion in energy subsidies in 2017, a member of the Tehran Chamber of Commerce said. "The data indicate a 55% growth in energy subsidies...
  • Renewed Bid to Enhance Iran Power Output
    Due to the systemic decline in precipitation over the past several years, hydropower plants did not generate as much power as needed and that led to problems in power supply in some regions in the...
  • Iran: Euro-4 Diesel Will be Sold in All Provinces
    Euro-4 diesel sales started in nine more provinces and nationwide supply will commence in March, a deputy at the National Iranian Oil Products Distribution Company said.  "As of now the Bandar...
  • Russian Oil Producer Quits Iran Projects
    Russian state-owned oil producer Zarubezhneft has pulled out of projects in Iran because of looming US sanctions, two sources at the company told Reuters.
  • Iran Says Iraq to Pay $1 Billion Power Import Bill
    Iraq's debt to Iran for electricity imports amounts to $1 billion and it is hoped that the debt will be cleared in the near future, a spokesman for the Iran Power Generation, Distribution and...
  • China’s state-run Zhenhua Oil is set to sign a head of agreement that includes a proposed joint venture with Iraq’s state oil marketer SOMO and for 2019 annual crude oil supply in Shanghai next...
  • The first phase of Bandar Anzali small-scale power plant with 25-megawatt output will become operational in Gilan Province soon. Hassan Vali, the project operator, said Sunday the venture with...
  • Tabriz Petrochem Company Creates Energy Saving System
    Tabriz Petrochemical Company has developed a RTO system to collect and dispose emissions from its ABS unit and the system will be operational within two weeks, the managing director said. Siavash...
  • Oil Traders Expect Lower Prices
    Most of the world’s top oil trading houses expect oil prices to decline next year as slowing global economic growth and rising oil supply is expected to compensate for fewer Iranian crude barrels...
  • Indian Oil Corp: Cutting Iran Oil Imports to Zero Unrealistic
    The prospects of Indian refiners cutting their intake of Iranian crude oil to zero are unrealistic, the chairman of Indian Oil Corporation told S&P Global Platts.
  • Russia Oil Output Sets New Record
    Russia’s oil production increased to 11.41 million barrels per day in October from 11.36 million bpd in September, setting a new post-Soviet record high as the largest oil companies, Rosneft and...
  • Iran: Gasoline Rationing Revisited
    The infrastructure to restart use of smart fuel cards for fuel rationing is almost ready, a member of the Majlis Energy Commission said. "Under the planned rationing system the government wants to...
  • OPEC Output at Highest Level
    OPEC’s crude production climbed to the highest level since 2016 as increases by Saudi Arabia and Libya offset losses stemming from impending US sanctions on Iran.
  • Iran Diesel Production Closer to Environment-Friendly Standards
    Diesel production in compliance with Euro-4 emission standards has doubled over the last seven months, the main oil refining company said.   Alireza Sadeqabadi, chief executive officer of the...
  • Hopes of China-US Dispute Resolution, Iran Waivers Affect Oil Prices
    Oil prices seesawed on Friday as markets were lifted by hopes the United States and China may resolve their trade disputes soon, before being weighed down by a report Washington had granted several...

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