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
  • NIDC Moves Ahead With Indigenization
    The National Iranian Drilling Company in collaboration with domestic manufactures indigenized 242 more equipment and parts, the director of research, technology and engineering department at NIDC...
  • Sistan-Baluchestan Gets 2.5 MW Wind Turbine
    The first 2.5 megawatt wind turbine of Mil-e-Nader Wind Farm in Sistan-Baluchestan Province has been installed, deputy governor for coordinating economic affairs said. “Manufactured by Mapna...
  • Geothermal Energy Is Gaining Traction in NW Region
    The first phase of the first geothermal power plant near the city of Meshkinshahr in Ardebil Province is scheduled to come online in March 2021; however, some experts in the power industry believe...
  • Tehran Water Distribution Improving
    Two water projects were inaugurated Thursday in Tehran Province to enhance water quality and increase supply in the ever-expanding metropolis, director of the National Water and Wastewater...
  • Volatile Oil Prices Still Poised for Second Monthly Decline
    Global oil prices moved in and out of negative territory on Friday but remained on course for a second monthly fall as rising Covid-19 cases in Europe and the United States heighten concerns over...
  • Qeshm Self-Sufficient in Electricity
    The second gas unit of Qeshm Combined Cycle Power Plant in Qeshm Island, off the Persian Gulf, was inaugurated Thursday making the island self-sufficient in electricity generation. With a capacity...
  • Iran's Power Consumption Declines
    Farming communities and industries cut their power consumption (by turning off water pumps and machinery) in the hot season (June-August) by 2 billion kilowatt hours, the Energy Ministry spokesman...
  • Arg Petrochem Project Ill-Conceived
    Construction of Arg Petrochemical Complex in Mahshahr, Khuzestan Province, which was approved in 1996 to annually produce 100,000 tons of acrylonitrile, remains on hold. The national project,...
  • Shazand Refinery Helps IRISL Espouse IMO Fuel Guidelines
    The National Iranian Oil Company supplies almost 55% of low-sulphur fuel to Iran's shipping fleet that complies with the International Maritime Organization’s new regulations demanding a 0.5%...
  • Ilam Dam Projects Appear Untenable
    Dam projects in Ilam Province have either been abandoned or making little progress if any and the Energy Ministry has not fulfilled its promises to help accelerate the construction. While dams are...
  • OPEC’s Barkindo: Rising Infections May Delay Oil Market Recovery
    OPEC’s secretary general said an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would “stay the course” in balancing the...
  • Oil Falls as Covid-19 Infections Spread, Raise Demand Concerns
    Oil fell more than 2% on Monday, extending last week’s losses as growing cases of Covid-19 in the United States and Europe raised worries about crude demand, while the prospect of increased supply...
  • Tehran Water Treatment Capacity Rising
    To further improve potable water quality and curb land subsidence in Tehran Province, the first phase of a water treatment plant is complete and will become operational soon, director of the...
  • Utilities Face Challenges of Maintaining Transformers
    There are 2,300 transformers with total 130,000 megavolt ampere capacity in the power distribution network that need to be replaced, a member of the Iran Electricity Industry Syndicate said. “As...
  • Petrochemical Complex in Bushehr Waiting for Funds
    Construction of Dena Petrochemical Complex in Asalouyeh, southern Bushehr Province, has registered 65% progress and is expected to be completed in early 2023 if the required funds are available on...
  • Iran Curbs Won’t Hit Chabahar: US Signals Climbdown for India
    Ahead of the Indo-US 2+2 ministerial meeting starting Monday, the US administration has told the Indian government that its development of the Chabahar Port in Iran will not be impacted by US...
  • Neka Residents Demand an End to Power Plant Pollution
    Shahid Salimi (Neka) Power Plant in Mazandaran Province at irregular intervals uses mazut besides natural gas as feedstock and is contributing to the air and environment pollution in the pristine...
  • WTI, Brent Prices Ease
    Oil prices eased on Wednesday after a surprise build-up in US crude stockpiles stoked concerns about a global supply glut even as a spike in global COVID-19 cases fuelled fears of a slower recovery...
  • 90 Percent of South Khorasan Industries Linked to Gas Grid
    Close to 90% of manufacturing and industrial units in 23 industrial towns across South Khorasan Province are connected to the national gas grid, the managing director of the provincial gas company...
  • A Win for Private Power Producers
    As per a government directive the Iran Power Generation, Transmission and Distribution Management Company (Tavanir) will henceforth not be the sole buyer of electricity from private power companies...
  • Worried About Declining Oil Demand, OPEC Pledges Action
    OPEC and allied producers have pledged action to support the oil market as concerns mounted that a second wave of the Covid-19 pandemic will hobble demand and an earlier plan to raise output from...
  • Khuzestan Combined-Cycle Power Plant Set for Launch Next Summer
    Gas units of Veys Combined-Cycle Power Plant in Khuzestan Province will come on stream in the summer of 2021, director of CCPP projects at the Thermal Power Plants Holding Company said. Located 20...
  • Desalination Industry Takes Off
    The Energy Ministry started 250 power and water projects in this fiscal year (March 2020-2021) with $1.7 billion. So far 122 projects costing $1 billion have been completed, including water...
  • Oil Prices Decline After China Economic Data Disappoints
    Oil prices fell on Monday after reports that China’s third-quarter economic growth did not rise as much as expected, underscoring concerns that surging coronavirus cases globally are impacting...
  • South Pars Refinery Indigenizes Amine Pumps
    Amine pumps used in the natural gas industry in the 9th South Pars Refinery have been indigenized by domestic engineers, director of the refinery said. "The pumps, intricate in terms of design and...

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