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 Gas Output Capacity 810 mcm/d
    Natural gas production capacity has reached 810 million cubic meters per day, director of dispatching at the National Iranian Gas Company said. “This volume, which equals 5 million barrels of...
  • Small Solar Power Plants Open in Isfahan, Alborz
    The fifth solar power plant in Isfahan Province, with 1 megawatt capacity has been connected to the national power grid. Located in Shahreza County, the new photovoltaic station is built by a...
  • $859b Oil, Gas, Petrochem Projects Underway or Planned in MENA
    Oil, gas and petrochemical projects, valued at more than $859 billion, are either underway or planned in the Middle East and North Africa, MENA, of which $283 billion are being implemented, as the...
  • NISOC Signs 2 Deals to Manage APG in Khuzestan
    The National Iranian South Oil Company has signed contracts with Maroun Petrochemical Company in Mahshahr and Persian Gulf Petrochemical Industries Company (PGPIC) to capture flare gas from...
  • Yazd Playing Leading Role in Solar Power Output
    Solar power production in central Yazd Province will reach 100 megawatts by the end of this fiscal year in March, managing director of Yazd Regional Electricity Company said. “There are seven...
  • Tariff Discounts Help Cut Power Consumption
    Although peak electricity demand hour growth soared by 5% on average between 2008 and 2018, the figure has barely risen by 1% in the past two months compared to the average of the last ten years,...
  • Turkey Continues Oil, Gas Drilling in E. Mediterranean
    Two Turkish drill ships are continuing operations in the eastern Mediterranean and another ship will join them this month, Energy Minister Fatih Donmez said, as a dispute over natural resources...
  • Iran's Energy Ties With Iraq Unimpeded
    The unilateral US sanctions on Iran have not affected relations between Iraq and Iran, as trade ties in key sectors between the two neighbors continue as usual, Iraq's ambassador to Tehran said. “...
  • IEA: Oil Demand Growth at Lowest Since 2008
    The International Energy Agency cut its global oil demand growth forecasts for this year and next on Friday, citing fears of an economic downturn as the US-China trade war casts a shadow over...
  • Gas Grid Expansion in Kurdistan Province
    Natural gas grid in western Kurdistan Province has expanded 300 kilometers over the past five months, managing director of the provincial gas company said. "Of the total extension, 120 kilometers...
  • Iraq Close to Pipeline Deal With BP, Eni
    Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with US energy giant ExxonMobil, according to five...
  • Iran, 16 Nations Warned of Day When Taps Run Dry
    Followed by Qatar, Israel and Lebanon, Iran is ranked 4th on the list of countries with extremely high water risk.  The Tehran-based Persian-language economic newspaper Donya-e-Eqtesad, a sister...
  • Power Grid Covers Almost Entire Rural Areas
    An estimated 21 million people live in rural areas in Iran and less than 100,000 do not have access to electricity.   
  • Promising Water Projects for Rural Yazd
    Water supply infrastructure is expanding in Yazd Province and $5 million was invested in new projects, managing director of the provincial Water and Wastewater Company said Tuesday. "Thirty water...
  • POGC Commissioned to Develop Iran's Kish Gas Field
    Studies are being undertaken for laying a pipeline to connect Kish Gas Field to refineries in South Pars Gas Field and Fajr Jam Gas Refinery in Bushehr Province, managing director of Pars Oil and...
  • Oil Prices Rise
    Brent crude rose on Tuesday, after earlier falling to its lowest since January, as traders betting on falling prices bought back contracts to lock in profits from recent declines caused by the...
  • Bandar Abbas Water Desalination Plant Expansion Underway
    The second development phase of Bandar Abbas water desalination unit will be completed in September, Bandar Abbas governor in Hormozgan Province said. "Its capacity will double and reach 40,000...
  • Power Growth Rate Slows in Agro Sector
    Despite the fact that electricity consumption growth shot up by 2.5% in 2018 compared to the year earlier, it fell by 2.6% in comparison with the average of the last ten years.  
  • Big Boost for South Pars Infrastructure
    To boost production in the giant South Pars Gas Field in the Persian Gulf, stability of the gas grid will be raised by the end of this fiscal year in March 2020), managing director of the National...
  • Emergency Water Supply to Kerman in 2 Months
    The project to supply water to Kerman City, in southern Kerman Province, will be completed in two months, the managing director of the National Water and Wastewater Engineering Company said. “...
  • Digital Electricity Meters For Kordestan Agro Sector
    An estimated 4,500 energy-intensive agricultural units and households have been equipped with smart electricity meters (known as Faham in Persian) in the mountainous province of Kordestan, head of...
  • Oman to Significantly Boost Oil and Condensate Output
    Petroleum Development Oman, the largest oil and condensate producer in the sultanate, is on track to increase its output capacity by more than 10% to top 670,000 bpd in five years as it ramps up...
  • Water Treatment Plant for County in Kohkilouyeh-Boyer-Ahmad
    A water treatment plant with a capacity of 1,200 cubic meters opened in underdeveloped Sarfaryab District in Charam County, Kohkilouyeh-Boyer-Ahmad Province, managing director of the provincial...
  • Gasoline Self-Sufficiency Paves Way for Export
    The wildest dream of the National Iranian Oil Refining and Distribution Company of self-reliance in gasoline production and export has finally come true. The company's output now exceeds...
  • Power Outages End
    Power outages during peak hours declined by 98% since March to July compared to the same period last year, the Energy Ministry’s spokesman for the power department said.  

Pages

Financialtribune.com