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
  • Urmia Lake Coming Back Slowly
    Despite the rise in evaporation in Urmia Lake catchment area, the water level is stable and things are normal for now, head of Urmia Lake Restoration Project said Saturday. “Close to 1.6 billion...
  • Rise in Liquid Fuel Use in Power Plants
    The total liquid fuel delivered to the power plants across Iran last year (ended March 19) was 13.8 billion liters, of which about 4.3 billion liters were mazut and 9.5 billion liters diesel,...
  • ExxonMobil to Make Major Job Cuts
    The largest oil company in the United States is preparing to let go between 5% and 10% of its US-based employees subject to performance reviewed, anonymous sources told Bloomberg.  
  • IAEA: Global Nuclear Power Capacity Falls 4.5 GW in 2019
    Global nuclear generating capacity was 391.1 gigawatts as of December 31, 2019, with 443 operational reactors in 30 countries, a fall of 4.5 GW from 386.6 GW at the end of 2018, the International...
  • Europeans Shun Russia’s Urals Crude as Price Soars
    European refiners are shunning Russia’s flagship crude grade Urals, which is now more expensive than Brent Crude after Russia cut its exports as part of the OPEC+ agreement, oil traders told...
  • Wave Bankruptcies to Hit US Shale Industry
    The US shale industry is about to enter a period of “great compression” as low oil prices hammer the sector, according to a Deloitte study released Wednesday.  
  • Oil Prices Advance Despite Jump in Coronavirus Cases
    Oil prices rose on Friday, extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections worldwide and signs of a revival in US crude production...
  • Average Efficiency of Power Plants Increases Over 38%
    The average efficiency of thermal power plants reached 38.58% last year (ended in March), which was 0.48% more than the year before, managing director of Iran's Thermal Power Plants Holding Company...
  • 175,000 Tons Added to Petrochem Output
    To help complete the value chain in the petrochemical sector, Miandoab Petrochemical Complex in West Azarbaijan Province became operational on Thursday, managing director of the plant said. "With...
  • Oil Prices Mixed
    Oil futures were mixed on Wednesday as concerns about oversupply in the market, stoked by a rise in US crude inventories, were offset by a drop in gasoline stocks that lifted hopes for fuel demand...
  • Middle East’s Largest Gas Refinery to Open in August in Khuzestan
    Persian Gulf Bid Boland Gas Refinery in Khuzestan Province will be operational in August, the managing director said. “The refinery will start operation with 20 million cubic meters of gas or 30%...
  • First Online Electricity Monitoring Center Opens
    To help check and reduce power consumption in peak hours, Iran’s first online electricity monitoring center was inaugurated by Mohammad Hassan Motavalizadeh, head of the government-affiliated Power...
  • US Oil Gaining Appeal in Asia
    As the OPEC+ alliance sticks to its guns in trying to curb oil output to shore up prices, Asian buyers are increasingly looking to the US for a cheaper source of supply.  
  • Kalantari Says DoE Lacks Clout  to Take On Polluting Carmakers
    The pattern of procrastination by automakers and the influence of their strong lobbies notwithstanding, the Department of Environment insists on its stance that car companies must start making...
  • Bushehr NPP Resumes Operation
    Bushehr Nuclear Power Plant in the southern namesake city that was temporarily shut down for technical overhaul and refueling outage has resumed operation, head of the facility said. "The plant...
  • Petrochem Plant in Hamedan to Produce Medical Grade PVC
    Hegmataneh Petrochemical Plant in Hamedan Province is set for launch in the second half of the current fiscal year, and when operational will produce one of the rarest petrochemicals in the world...
  • 6 Firms Sign $20b Agreement  With Abu Dhabi State Oil Giant
    A consortium of six global investors has entered into a $20.7 billion agreement with Abu Dhabi National Oil Company (ADNOC), the state-owned oil company said Tuesday.   
  • Oil Dips as Demand Worries Outweigh Tighter Supply
    Oil prices slid on Monday as concern grew that a record rise in coronavirus infections worldwide could stall a recovery in fuel demand, outweighing tighter supplies from major producers.  
  • Abfa: Wet Spells No Respite for Mounting Water Tension
    Fifteen wet months helped eased the water tension to some extent, but the respite will not last long, director of the National Water and Wastewater Engineering Company of Iran (Abfa) said. “Iran...
  • HDPE Production at Historic Levels in Asaluyeh Company
    Mehr Petrochemical Company in Asaluyeh, Bushehr Province, has set a new record in production of high-density polyethylene in the past six months. The company produced 190,000 tons of HDPE in the...
  • Shale Drilling Shutdown Continues for 14th Week
    Oil exploration shrank for a 14th straight week in the US fields amid weak crude prices and skepticism about a recovery in energy demand.  
  • Gas Network Expansion Continues in Baluchestan
    Expansion of the national gas network in Sistan-Baluchestan Province is on track despite difficulties created by coronavirus in the southern regions, head of the provincial gas company said. "...
  • Mahshahr Project Will Help Complete Butane Value Chain
    A project to complete the value chain of butane is underway in Mahshahr, Khuzestan Province, and will be over before the year is out in March 2021. Construction of the Ibne Sina Petrochemical...
  • Tehran Water Use Alarming
    Daily water consumption in Tehran has reached 3.6 million cubic meters that is unprecedented in the history of the metropolis, managing director of Tehran Province Water and Wastewater Company said...
  • US Coal Industry Declining Irreversibly
    Nearly all of the coal produced in the United States goes for electricity generation, but its share has eroded in recent years by growing natural gas-powered generation and rising share of...

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