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June 06,2022
Oil futures gained on Monday, with Brent rising above $120 a barrel after Saudi Arabia raised prices for its crude sales in July, signaling tight supply even after OPEC+ producers agreed to...
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June 06,2022
Plans to change working hours in state-run offices during the hot season to avoid power outages have been implemented in southern provinces and northern parts will also join the scheme soon, the...
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June 05,2022
Natural gas supply to power plants has risen by 160% since March compared to January when it dropped under 100 million cubic meters per day, the head of the National Iranian Gas Company’s...
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June 05,2022
Tehran and Baku have signed a memorandum of understanding to increase the volume of gas swap from Turkmenistan to the Republic of Azerbaijan via Iran.
Iranian Oil Minister Javad Owji signed the...
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June 01,2022
Oil prices gained slightly on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its Covid-19 lockdown in Shanghai.
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June 01,2022
The executive operation of constructing the largest Iranian factory to manufacture solar cells has started in Mahan County, Kerman Province, the representative of Kerman and Ravar in the parliament...
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June 01,2022
Iran has achieved self-sufficiency in the production of transformer oil and talks are underway to sell the product in international markets.
Behzad Zahiri, managing director of Iran Transfo...
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June 01,2022
The Oil Ministry’s proposal to spike natural gas tariffs in the household sector is expected to be ratified by the Cabinet, based on which the vital commodity’ price will rise by 40%, the oil...
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June 01,2022
The OPEC+ coalition will likely hold firm to its oil production plans this week, even as the European Union moves to sanction group member Russia, delegates said.
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May 31,2022
The first 183-megawatt gas unit of Aryan Power Plant in Zanjan Province was linked with the national power grid on Tuesday, the energy minister said.
“Costing $300 million, close to 2.1 million...
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May 31,2022
Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fueling worries of a tighter market already strained for supply amid rising demand ahead of peak US and...
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May 31,2022
The production of 1 ton of steel in Iran requires 800 kilowatt hours of electricity, which is 62% higher than the global average.
Based on data from academic studies, the average power consumption...
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May 31,2022
The development of two wells at the Mansouri Oilfield in Khuzestan Province is complete, said the managing director of Oil Industries' Engineering and Construction Group, contractor of the...
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May 30,2022
Surveys conducted by foreign research centers in collaboration with domestic firms have shown that diverting water from the Caspian Sea in the north to Lake Urmia, Iran's largest salt lake in West...
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May 30,2022
Electricity generation at Manjil Wind Farm in Gilan Province during the second month of the current Iranian year (April 21-May 21) increased by 21% compared to the previous month, a deputy manager...
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May 30,2022
Statistics show that since the beginning of the current water year (Sept. 2021) until May 28, the total volume of water stored in dams across Iran has reached 27.6 billion cubic meters, which...
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May 30,2022
Oil prices rose on Monday, hitting their highest in more than two months, as traders waited to see whether the European Union would reach an agreement on banning Russian oil imports.
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May 29,2022
The production of Lordegan Petrochemical Company in the southwestern Chaharmahal-Bakhtiari Province in the second month of the current Iranian year (April 21-May 21) has increased by 540% compared...
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May 29,2022
The construction of nine thermal power stations across the country, which started in February, has registered 60% progress, a deputy managing director of Iran Power Generation, Distribution and...
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May 29,2022
The urban population of Ilam Province in western Iran has been completely supplied with gas and with the completion of gas supply projects to 44 villages by the end of the current Iranian year (...
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May 28,2022
With the completion of the construction of Emarat Dam in Germi County in northwestern Ardabil Province, it has been filled with water, managing director of Ardabil Regional Water Company said.
“...
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May 28,2022
Power outages and restrictions imposed on industries and households in summer may have short-term benefits, but it is illogical, unsustainable and ineffective in the long run, a member of the...
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May 28,2022
Work on the project to supply water to Birjand in South Khorasan Province has resumed after a one-year gap.
With the allocation of funds, the project is expected to be completed within the next...
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May 28,2022
Oil prices hovered around a two-month high on Friday, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of a European Union ban on Russian oil and the...
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May 28,2022
Knowledge-based firms are helping Qeshm Star Bunkering Company to produce very low sulfur fuel oil (VLSFO), managing director of the firm said.
“The fuel conforms to the International Maritime...