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
  • Oil Rises on Optimistic Demand Outlook
    Oil prices rose on Wednesday amid optimistic forecasts of global fuel demand recovery, while the rapid spread of Covid-19 infections in India and a bigger-than-expected build in US crude stocks...
  • OPEC+ Confirms Plan to Gently Hike Supply
    OPEC and its allies recommended proceeding with plans to gently revive oil production as global demand recovers from the pandemic, despite surging infections in India.  
  • Desalination Expands in Qeshm
    To ease water shortages in southern Hormozgan Province, supply of desalinated water to Salakh rural district on Qeshm Island has increased fourfold to reach 1,200 cubic meters per day, deputy...
  • NPC: 7% Rise in Petrochem Output in One Month
    Petrochemical output in the first month of the new Iranian calendar year (March 21-April 20) increased by 7% compared to the same period last year, director of production control department at the...
  • ABC Helping Improve Power Supply, Safety
    An estimated 85% of the electricity distribution network in Alborz Province has been equipped with aerial bundled cables (ABC) prevent theft, head of the region’s Electric Power Distribution...
  • Brent, WTI Prices Dip
    Oil prices fell almost $1 on Monday on fears that surging Covid-19 cases in India will dent fuel demand in the world's third-biggest oil importer, while an expected supply increase from OPEC+ also...
  • Water Crisis for Khuzestan Farmers Looks More Scary
    No new water contracts will be signed with farmers in the north of Khuzestan Province in the remaining spring season and in summer because of the worsening water crisis, director of Khuzestan Water...
  • Gov’t Finally Eases Its Tight Grip on the Power Industry
    As per a government decree that came into effect today (April 27), heavy industries using an estimated five million kilowatt hours of power a year can buy electricity directly from private...
  • PGSR Boosts Output of Euro-5 Gasoline
    Production of Euro-5 compliant gasoline at the Persian Gulf Star Refinery, a subsidiary the National Iranian Oil Refining and Distribution Company, in Bandar Abbas, has exceeded 47 million liters...
  • Cutting Power Consumption Only Way to Avoid Outages
    With the pattern of declining rainfall and by extension less hydropower production, the government is expecting power deficit of 3,000 megawatts.  A spokesman for the Energy Ministry said...
  • Self-Sufficiency in Benzene Production
    Bu Ali Sina Petrochemical Company in Khuzestan Province produced 610,000 tons of benzene in the last Persian calendar year (March 2020-2021) up 8% compared to the previous year, the commercial...
  • New Dams in Bushehr to Help Store Surface Runoff
    Two dams were built in southern Bushehr Province in eight years and six more are under construction. Bushehr lacks efficient infrastructure to collect and conserve surface runoff after rainstorms...
  • NPC Says Pushing Ahead With New HSE Programs
    The National Petrochemical Company and its subsidiaries invested $30 million in programs to help protect the environment in 2020, the health, safety and environment (HSE) director said. “Reducing...
  • First Water Market Planned in Khorasan
    The first water market pilot scheme in Iran is planned in some regions, namely Khorasan Razavi Province, in summer and will be expanded if the results are positive, director of the National Water...
  • Oil Climbs on Hopes for Demand Recovery
    Oil prices climbed on Friday, buoyed by hopes demand will recover as economic growth picks up and lockdowns ease, but worries about India's surging second wave of Covid-19 cases limited gains.  
  • Dry Sistan-Baluchestan Is Digging Deeper for Water
    A deep water well with a depth of 3,000 meters has been drilled in Sistan-Baluchestan Province and another is being drilled, a Zabol lawmaker said. “Fifteen such wells will be drilled in the...
  • Oil Prices Drop as India's Covid Surge Dents Demand Outlook
    Oil prices fell for a second day on Wednesday, weighed down by concerns that surging Covid-19 cases in India will drive down fuel demand in the world's third-biggest oil importer.  
  • Lack of Energy Diplomacy Impairs Growth of Power Export Sector
    Absence of energy diplomacy is one root cause of shortfalls and lack of decent growth in the key power sector, a veteran economist says. Despite abundant energy resources ranging from fossil fuels...
  • 7 Percent Rise in Energy Tariffs Is a Non-Starter
    The 7% rise in water and electricity prices that take effect as of today (April 21) is no panacea for the deepening financial issues that have impaired the Energy Ministry, head of the Iran...
  • Steam Turbine Rotor Indigenized
    The Iran Power Plant Repair Company have manufactured a rotor of steam turbines, the CEO said. “The rotor that will be installed on 82.5 MW turbines cost $1.5 million and was built in six months...
  • NIDC Using Domestic R&D Help In Offshore and Onshore Drilling
    The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, drilled 116 oil and gas wells in the last Persian calendar year (March 2020-2021), the managing director said...
  • Oil Slips as Rising Infections Spark Demand Concerns
    Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with...
  • Hydropower Facing Serious Challenges
    Due to unprecedented low precipitation last winter output from 60 hydroelectric power plants in Iran is projected to decline by at least 30% between June and September compared to a year ago. The...
  • Esfand Oil Field Raises Output
    A well at the Esfand Oil Field in the Persian Gulf has become operational, managing director of Drilling Company International, the executive arm of PetroIran Development Company, said. PetroIran...
  • Quake Damage to Gachsaran Oil and Gas Company Limited
    A 5.9-magnitude earthquake which hit the southern province of Bushehr on Sunday partially damaged facilities of Gachsaran Oil and Gas Company.  

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