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
  • New Well Boosts Abuzar Oil Output
    The first well drilled in the Asmari reservoir of Abuzar Oilfield in the Persian Gulf to increase crude oil production has now become operational, the head of petroleum engineering at the Iranian...
  • Nuclear Share of Electricity Output to Reach 8 GW by 2041
    The share of nuclear power in Iran's power mix is expected to experience a 700% growth to reach 8 gigawatts by 2041. Energy Minister Reza Ardakanian made the statement in a parliamentary hearing...
  • APC’s Chlorine, EPVC Production Increases
    Arvand Petrochemical Company in Khuzestan Province has increased its chlorine output by 17% in the last Iranian year (ended March 20, 2020) compared to the previous year, helping increase the...
  • KEPCO Hopeful of Massive Oil, Gas Discovery in Caspian Sea
    Seismic surveys carried out by Khazar Exploration and Production Company, a subsidiary of the National Iranian Oil Company, have shown the likely presence of a massive hydrocarbon formation in ...
  • Oil Prices Climb as Iran Nuclear Talks Drag
    Oil prices rose on Monday, underpinned by strong demand during the summer driving season and a pause in talks to revive the Iran nuclear deal that could indicate a delay in resumption of supplies...
  • Faravaresh Company Raises Benzene Output
    Faravaresh Company, an affiliate of Bandar Imam Petrochemical Company, increased its benzene production in the last Iranian year (ended March 20, 2021) by 62% compared to the previous year. The...
  • Water Level in Iranian Dams Decrease by 30 Percent YOY
    Since the beginning of the current water year (September 2020), the level of water in dams across Iran has declined by 30% year-on-year. Currently, dams in the country have 28.01 billion cubic...
  • DG Power Station Output Up 90%
    To boost power supply during the hot summer, the production of distributed generation (DG) power plants has increased by 90% compared to last year. Mostafa Rajabi Mashhadi, spokesman of Iran Power...
  • Wastewater Treatment Plant Launched in Qom
    To reduce demand for freshwater in the arid province of Qom, an industrial wastewater treatment plant was launched by West Asia Steel Company, the managing director of the firm said. “The facility...
  • Water Shortage in Kermanshah Villages
    A 70% decline in surface water resources of Kermanshah Province, which is the main source of drinking water supply to rural areas, has caused serious shortage of water in several villages, managing...
  • Mazut Output Dipping Slowly
    The production of mazut, the environmentally-harmful fuel, in Iran’s refineries has experienced a 23% decline since 2014. Based on information from the National Iranian Oil Company and the Oil...
  • Iran's Power Exports to Iraq Disrupted
    The state-run Iran Power Generation, Distribution and Transmission Company (Tavanir) said on Thursday Iraq’s power import from Iran halted after a power transmission tower exploded in the Iraqi...
  • 80% of Forouzan Oilfield Equipment, Services Supplied Domestically
    The first shipment of casing pipes required for the development of Forouzan Oilfield is being transported to the field in the Persian Gulf, managing director of Petropars Group, which is in charge...
  • Iran Renewable Resources Untapped
    Iran has all it needs to tap into clean energy but despite scientific studies and measures taken in this regard, the real potential has not been exploited. Cvetan Cvetkovski, officer-in-charge for...
  • Brent Gains a Fifth Day as Stocks Fall
    Oil prices rose nearly 1% on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand kept the main benchmarks at multi-year highs.  
  • Tondgooyan Petrochem Company’s Net Profit Grows by 76 Percent
    The net profit of Shahid Tondgooyan Petrochemical Company recorded a growth of 76% in the last fiscal year (ended March 20, 2021) compared to the previous year. The company earned more than $105...
  • 15 Water, Wastewater Projects Come on Stream in Yazd
    Fifteen water and wastewater projects costing $34 million were inaugurated in Yazd Province on Tuesday. Four water and wastewater projects became operational in Bafq County in the central province...
  • Alarming Uptrend in Gas Use
    Natural gas consumption has experienced a 51% growth in the last eight years, the head of National Iranian Gas Company, a subsidiary of the National Iranian Oil Company, said. “Gas consumption...
  • Global Fossil Fuel Use Similar to Decade Ago
    The share of fossil fuels in the world's total energy mix is as high as a decade ago, despite the falling cost of renewables and pressure on governments to act on climate change, a report by green...
  • Gas-to-Polypropylene Facility in Kermanshah Ready in 3 Years
    A petrochemical plant for converting natural gas to polypropylene is under construction in Eslamabad-e-Gharb, Kermanshah Province, and is expected to come on stream by 2024, managing director of...
  • Oil Prices Increase as Demand Outlook Improves
    Oil prices rose on Monday, extending three weeks of gains that have been underpinned by an improved outlook for fuel demand as increased Covid-19 vaccinations help lift travel curbs, along with...
  • Private Electricity Firms Financially Constrained
    Private power producers accounted for 50% of electricity generated in Iran in 2020. According to IRNA and based on information from the Energy Ministry and the state-run Iran Power Generation,...
  • Solar Power for Agro Wells
    Iran Power Generation, Distribution and Transmission Company (Tavanir) and Iran Fuel Conservation Company (IFCO) signed a memorandum of understanding on Saturday, based on which electrification of...
  • DoE Spent $500m on Battling Sandstorms
    The Department of Environment has spent close to $500 million over the past three years to help combat dust storms that have afflicted more than two-thirds of the country, DoE’s deputy for human...
  • Urmia Water Transfer Project to Become Operational in Summer
    The project to divert water from Zab River, along the distressed Urmia Lake in the northwest, is expected to come on stream in summer, the Urmia Lake Restoration Project manager and director of...

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