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
  • Foreign Investment in Oil, Gas Sectors Without Joining FATF Improbable
    As long as the Financial Action Task Force, the global anti-money laundering watchdog, does not remove Iran from its blacklist, the country cannot have a say in the global oil and gas markets, an...
  • 11 Power Projects Inaugurated in Yazd
    President Ebrahim Raisi inaugurated 11 power transmission and distribution projects in the central Yazd Province on Thursday. Costing $50 million, the projects are aimed at network construction in...
  • Annual PVC Output to Reach 1 Million Tons
    Executive operations to build a Polyvinyl Chloride Suspension Resin (SPVC) unit, with a production capacity of 300,000 tons a year, are expected to start in March at the Arvand Petrochemical...
  • Gas Consumption Hit 700 mcm/d
    Gas consumption in the commercial and household sectors reached 700 million cubic meters per day on Jan. 12, the managing director of the National Iranian Gas Company said. “The high consumption...
  • Oil Falls as US Stocks Rise
    Oil prices fell on Wednesday as an unexpected build in crude and fuel inventories in the United States, the world's biggest oil consumer, and economic uncertainty reignited demand worries.
  • Petrochem Plants Losing Out to Rivals Due to Gas Supply Cuts 
    Petrochemical plants’ foreign exchange revenues have reduced and they are losing market share to rivals because their access to natural gas as feedstock has either been totally cut or severely...
  • Nar Gas Field Output Up 10%
    With the completion of restoration operations on a well in the Nar Gas Field, the production capacity of the field has increased by 10% or 300,000 cubic meters per day, Hassan Nematollahi, the head...
  • Solar Energy to Expand in Yazd
    The construction of 4,000 solar systems, each with a capacity of 5 kilowatts, for supporting organizations supplying power to households will start in Yazd Province at the weekend, the spokesman of...
  • Ilam Gas Refinery Moving Toward Chemical, Parts Self-Sufficiency
    Ilam Gas Refining Company in Ilam Province has started using domestically manufactured molecular sieves and catalysts, which were previously imported from European companies, to support knowledge-...
  • Japan Agency Proposes Methods to Overcome Water Scarcity in Iran
    Water shortage in Iran has reached a critical level and replacing old strategies with workable methods like integrated water resources management [IWRM], especially in the agro sector, is now a...
  • Provincial DG Systems to Expand 
    The current production capacity of small-scale power plants with distributed generation systems in Tehran, Alborz and Qom provinces is 270 megawatts and plans are underway to increase the capacity...
  • Wrong Policies Hamper CNG Demand 
    The most important reason behind the downtrend in compressed natural gas demand lies in the government’s wrong policies due to which the number of CNG-hybrid vehicles is dwindling, a member of Iran...
  • Treated Wastewater to Meet 25% of Mashhad Water Needs
    Continuous drought in recent years has caused serious challenges regarding water supply to Mashhad, the capital city of Khorasan Razavi Province, because of which about 25% of the city’s water...
  • Oil Rises on Demand Optimism
    Oil prices climbed on Monday as the borders reopened in China, the world's top crude importer, boosting the outlook for fuel demand growth and offsetting global recession concerns.
  • More Persian Gulf Water for Yazd 
    Executive operations of the second phase of the project to transfer Persian Gulf water to Yazd Province in central Iran will start soon.  Yazd has faced a great deal of tensions regarding water...
  • Desalination Capacity to Reach 650,000 cm/d by 2025
    A total of 20 desalination projects with a processing capacity of 200,000 cubic meters of saline water will become operational by 2025, the deputy for supervision and planning at the National Water...
  • Power Plants Owe $950m to NDFI
    Power plants’ debts to Iran's sovereign wealth fund, known as the National Development Fund of Iran, have surpassed $950 million, the fund’s deputy for banking and credit affairs said.  “The $950-...
  • Chabahar Gas Supply in 18 Months
    The project to supply gas to Chabahar County, Sistan-Baluchestan Province, was launched on Saturday, the gas supply coordination director of the National Iranian Gas Company said. “The project...
  • NIOC’s Low-Quality Fuels Worsening Air Pollution
    Refining companies should be obliged to enhance the quality of their substandard products, namely gasoline, diesel and mazut, the head of the Board of Directors at the Iranian Oil, Gas and...
  • Raising Efficiency of Decrepit Power Stations Will Decrease Feedstock Use
    Replacing old simple-cycle power stations with combined-cycle facilities will double the units’ efficiency by at least 25%, director for technical support at the Thermal Power Plants Holding...
  • Unfinished Petroleum Projects Worth $8b to Be Completed by March 2023
    Several unfinished petroleum projects worth $8 billion are scheduled to be completed by the end of the current Iranian year (March 20, 2023), the 0il minister said. “The projects are aimed at...
  • Marjan Petrochem Plant Reduces Production Costs, Gas Consumption
    The methanol production cost in Marjan Petrochemical Plant has declined by about $625,000 per month by renovating the current burners of furnaces and installing new burners at the methanol...
  • Separating Drinking Water Pipes From Non-Potable Ones Unfeasible
    The separation of drinking water pipes from treated non-potable ones is not economically viable in large cities like Tehran, the head of the state-owned Tehran Province Water and Wastewater Company...
  • Aras Water Transfer to East, West Azarbaijan Commences 
    The executive operation of the project to transfer water from the Aras River to urban and industrial regions in northwest Iran has started on Wednesday. The project started with pipe-laying in the...
  • Oil Prices Edge Up 
    Oil prices rose as much as $1 on Friday, extending gains from the previous session, supported by hopes of a China demand boost and after data showed lower US fuel inventories following a winter...

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