The Oil Ministry is to invest $4.5 billion for the development of the upstream gas sector in the Fars Province, the oil minister said on Thursday while visiting the southern province.
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
As peak summer demand peters out, electricity exports to Iraq, Pakistan and Afghanistan, which were halted to help stabilize power supply in summer, has resumed, a deputy energy minister said…
An emergency water treatment plant with a capacity of 200 liters per second will become operational next month, managing director of Kurdestan Water and Wastewater Company said. “Costing about…
Kushk Solar Power Plant in Kushk Rural District of Khatam County, Yazd Province, has generated over 4,900 megawatt hours of electricity since its inauguration three months ago, the managing…
The Energy Ministry and the Ministry of Industries, Mining and Trade signed a contract on Tuesday, based on which the latter will build power stations with a capacity of 10,000 megawatts over…
Oil prices surged again on Monday, extending multi-week gains as an energy crisis gripping major economies shows no sign of easing amid a pickup in economic activity and restrained supplies from…
Daily gas consumption between Sept. 23 and Oct. 7 (the first two weeks of fall) increased by 30 million cubic meters compared with the same period of last year, the National Iranian Gas Company’…
As time passes, the discovery of hydrocarbon reserves is getting more and more challenging.
Since the beginning of the current Iranian year (March 21), 62 illegal water wells in the agriculture sector of Ardabil Province have been sealed, said the director of the Office for…
Iran needs to make up for pressure reduction in its gas fields and prevent a decline in gas output, for which investments worth $22 billion are required in the next eight years, the oil minister…
As groundwater resources in the southern Bushehr Province are drying up, desalination capacity will double in the dry region to reach 70,000 cubic meters per day by March 2022, the energy…
The amount of water in Taleghan Dam, 135 kilometers northwest of Tehran, decreased by 28% in the past water year (September 2020-21) compared to the previous year (September 2019-20). As…
Iran Power Generation, Distribution and Transmission Company (Tavanir) and the Renewable Energy and Energy Efficiency Organization (Satba) are no longer allowed to sign agreements to buy green…
Oil prices rose on Friday, tracking toward a 4.5% gain for the week on signs some industries have begun switching fuel from high-priced gas to oil and on doubts the US government would release…
Several projects have been planned to add 3.5 million tons to the country's petrochemical production capacity, of which 60% or 2 million tons belong to the propylene chain, director of planning…
Iran is ready to help solve the global energy crisis by exporting its oil and derivatives, the country’s oil minister said, adding that the American and European decision-makers should learn…
Developing infrastructures to divert water from locations where it is abundant to locations facing a shortage is an unsustainable supply-oriented management policy and can do very little to ease…
The environmental permit for the construction of two steam units at the Soltaniyeh Power Plant in Zanjan with an aggregate capacity of 320 megawatts has been issued by the Department of…
The output of Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, in the first six months of the current Iranian year (March 21-Sept. 22) increased by more than 30% compared with…
The volume of water in Urmia Lake at the end of the previous water year (September 2020), according to the data released by the Iran Water Resources Management Company, has reached 2.73 billion…
The number and capacity of transformers and power substations have increased in proportion to the rise in electricity generation, a deputy manager at the state-affiliated Power Generation,…
Two of Big Oil’s biggest players dropped their long-term energy outlooks this week: French energy company TotalEnergies and the Organization of the Petroleum Exporting Countries.
The construction of Tang Sorkh Dam in Yasouj, capital city of Kohgilouyeh-Boyerahmad Province, is expected to be completed by the end of the next Iranian year (March 2023), the energy minister…
The construction of Gachsaran Petrochemical Complex in Kohgilouyeh-Boyerahmad Province has registered 87% progress, the oil minister said. “One of the advantages of the project is that 78% of…
Oil fell below $78 a barrel on Friday on the prospects of OPEC+ producers stepping up a planned increase in output to ease supply concerns, although crude remained in sight of a three-year high…
