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
  • Tehran Water Use Alarming
    Daily water consumption in Tehran has reached 3.6 million cubic meters that is unprecedented in the history of the metropolis, managing director of Tehran Province Water and Wastewater Company said...
  • US Coal Industry Declining Irreversibly
    Nearly all of the coal produced in the United States goes for electricity generation, but its share has eroded in recent years by growing natural gas-powered generation and rising share of...
  • Output of OSGs Up 21%
    To assist power supply during the hot summer, production of distributed generation (DG) power plants has increased 21% compared to last year.  
  • NPC Spending $8.5 Billion to Raise Petrochemical Feedstock Production
    The 55 petrochemical companies in Iran annually use 35 million tons of natural and liquefied gas as feedstock to produce 31 million tons of products, managing director of the National Petrochemical...
  • IEA Outlines $3 Trillion Green Recovery Plan to Help Fix Global Economy
    The International Energy Agency has laid out a $3 trillion green recovery plan, offering governments around the world a “once-in-a-lifetime” roadmap to sustainably rebuild their economies in the...
  • Rubber Dam Built in Kermanshah
    An inflatable rubber dam has been built in Kermanshah Province, Deputy Energy Minister Qassem Taqizadeh Khamesi said.  
  • Oil Prices Gain With OPEC+ Holding the Line on Supply Cuts
    Oil prices rose more than 1% on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet commitments on cutting supply and two major oil traders said demand...
  • Brent, WTI Prices Drop on Demand Concerns
    Oil fell more than 2% on Monday, extending losses from last week, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks of the virus could weigh...
  • Iraq Asks BP to Throttle Flow to Meet OPEC+ Quota
    Iraq has asked BP to cut crude production at the nation’s biggest field of Rumaila by 10% as part of a push to comply with OPEC+ quotas, according to a person familiar with the matter, who asked...
  • Renewable Power Will Soon Come Out on Top
    A new report on global energy developments shows how far wind and solar have come—and hints at how far they’ll go.  
  • BIPC Wastewater Plant Halfway Through
    Construction of a new wastewater treatment plant in Bandar Imam Petrochemical Company in southwestern Khuzestan Province is underway as the company has put environmental protection high on its...
  • Iran's Rainfall and Dam Levels Low
    Average precipitation since the beginning of the current water year (Sept 23, 2019) until June 14, shows a 27-millimeter, or 8%, decline compared to the same period last year. Rainfall in 265 days...
  • Solar Power Helping Nomads
    By the end of next Iranian year (March 2022), the number of nomadic households using solar energy will double, head of Nomads Affairs Organization of Iran said. Now “25,000 nomad households have...
  • Less Flaring in Southwest Oilfield
    The Iranian Central Oil Fields Company has a project to collect and process associated petroleum gases from Dehloran oilfield on a daily basis, the managing director said. “The aim is to collect 2...
  • Oil Demand Not Roaring Back Yet
    It was too good to be true. Last weekend’s OPEC+ meeting took a decision in record time to extend deep output cuts that had halted a dramatic slide in prices — and members even agreed to abide by...
  • Water Problem in Ahvaz Area Resolved
    The first phase of a long-awaited project to divert water from Karoun River to Gheyzaniyeh rural district in Ahvaz, Khuzestan Province has come on stream, a deputy head of the provincial Rural...
  • Offline Gulf of Mexico Oil Production Falls to 6.5%
    Roughly 6.5% of crude oil production in the US Gulf of Mexico remained offline on June 12 from Tropical Storm Cristobal's weekend saunter through the region, bringing the area's output closer to...
  • Petrochem Company in Lordegan Starts Ammonia Production
    The ammonia unit of Lordegan Petrochemical Company in western Chaharmahal and Bakhtiari Province has started production, the managing director said. “The unit can produce 677,000 tons of ammonia...
  • Scotland Gives $78 Million for Net-Zero Energy Transition Plan
    A multi-million pound fund has been set up to help the energy sector in Scotland recover from the dual economic impacts of coronavirus and the oil and gas price crash.  
  • Exxon Delays Key Refinery Expansion
    Exxon will postpone the start of expansion works at its Beaumont refinery in Texas because of still slow demand for fuels, Bloomberg reported, citing unnamed sources familiar with the situation.  
  • NIGC Says Ready to Double Supplies to Power Plants
    The National Iranian Gas Company can double the volumes it delivers to thermal power plants and supply at least 310 million cubic meters of natural gas a day to power stations at the peak of...
  • Oil Extends Slump
    Oil prices fell on Friday, extending heavy overnight losses as a surge in US coronavirus cases this week raised the prospect of a second wave of the Covid-19 outbreak hitting demand in the world’s...
  • Plains Running Out of Fossil Water
    Estimates show Iran holds 500 billion cubic meters of fossil water, of which 300 bcm is fresh water. Of the total volume of fresh water (300 bcm), close to 170 bcm has been consumed (the rest is...
  • Petrochem Company in Ilam Completing Work on Olefin Unit
    Ilam Petrochemical Complex, in the western Ilam Province, has plans to increase output and protect the environment, managing director of the company said. “The first olefin unit of the complex...
  • Rooftop PVs Can Help Power Supply in Tehran
    Rooftop photovoltaic power installations in Tehran generated 3,500 kilowatt hours of electricity in the last fiscal year (ended in March), chief executive officer of Tehran Province Electricity...

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