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
  • Bu Ali Sina Petrochem Company’s  Sales, Output Rise in 2 Months
    In the first two months of the current Iranian year (March 21-May 21), the sales of Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, exceeded $152 million and its output exceeded...
  • Expansion of Gas Grid in  Rural Areas on Schedule
    Upon the completion of projects to supply gas to villages in Qotour rural district in Khoy County, West Azarbaijan Province, by March 2024, about 86% of rural regions in the area will be connected...
  • Iraq to Revive Project for Building LNG Depots
    Iraq has approved plans to revive a war-crippled project to build liquefied natural gas depots in its largest governorate, the official Iraqi News Agency reported on Friday.
  • Oil Prices to Post More Losses
    Oil prices looked set to post their second straight weekly loss, as prices continued to fall on Friday over concerns about demand from China and due to skepticism over the United States and Iran...
  • Tehran, Moscow Ready to Unleash Shared Petrochemical Potentials
    Iran and Russia have firm intentions for long-term cooperation in the petrochemical sector for unleashing shared potentials. Dmitry Semenov, director of the International Cooperation Department in...
  • US Power Use to Slide in 2023
    US power consumption will ease in 2023 from last year's record high, as slower economic growth and milder weather depress usage, the US Energy Information Administration said in its Short-Term...
  • Surplus Coal Heading for China
    The oversupply of coal globally and continued subdued demand have pushed sellers and traders from exporting nations to bank on China, the world's largest consumer, to absorb excessive volumes.
  • Maroun APG Collection Increases
    Maroun Oil and Gas Production Company has increased its daily collection of associated petroleum gases (APG) by 142,000 cubic meters since the beginning of the current Iranian year (March 21),...
  • Oil Extends Losses
    Oil fell for a second day on Wednesday as concerns over global economic headwinds deepened, erasing the price gains booked after top crude exporter Saudi Arabia's surprise weekend pledge to deepen...
  • Urmia Lake Reviving Gradually
    Urmia Lake has close to 2 billion cubic meters of water covering 1,500 square kilometers, which shows an increase compared to the past nine months when there were about 1.250 bcm of water over less...
  • Saudi Output Cut Not to  Help Increase Oil Prices
    Top crude exporter Saudi Arabia's 1 million barrel per day oil output cut is not expected to underpin a "sustainable price increase" into the high $80s-low $90s with weak fundamentals pointing to...
  • Apadana Petrochem Plant to  Be Launched by Summer End
    The last heavy equipment of Persian Gulf Apadana Petrochemical Plant in Asalouyeh County, Bushehr Province, has been successfully installed by local experts and engineers.  With the installation...
  • Ukrainian Nuclear Plant Under Control After Dam Destruction
    The destruction of the Kakhovka Dam in southern Ukraine poses a threat to the Zaporizhzhia Nuclear Power Plant, but the situation at the facility is under control, Ukraine's state atomic power...
  • Gavkhouni Wetland Receives No  Water From Zayandehroud River
    Based on the statistics of Iran Meteorological Organization, since the beginning of the current water year (September 2022), 1,500 mm of rain have been recorded in Kouhrang, the main catchment area...
  • Iran Water Paucity Critical
    Although the number of dams in Iran has shot up by a massive 30 times over the last 40 years, the poor strategy of increasing their numbers has not eased water paucity, a water resources management...
  • Water Tension Beleaguers Yazd
    Due to a lack of water in Yazd Province and the declining level of groundwater resources, the depth of water wells has surpassed 120 meters, a parliamentarian of Yazd said. “We see a 40-50 cm drop...
  • Naftogaz Starts Drilling Another  Gas Well to Meet Ukrainian Needs
    The state-owned energy company Naftogaz, which plans to meet Ukrainian needs with domestic production, has launched one more "powerful" new gas well in eastern Ukraine, the company said on Monday.
  • Siemens-Built Power Plant Fully Renovated by Iranian Engineers
    Two steam units of the 60-year-old Loshan Power Plant in Rudbar County, Gilan Province, were fully renovated with the help of domestic engineers, the head of the provincial power company said. “...
  • 110 Small Filling Stations  Will Be Launched in Tehran
    Tehran Municipality should build 110 small filling stations by the end of the current Iranian year, based on a resolution approved by Tehran City Council, said the chairman of the council’s...
  • Brent Rises $1 on Saudi  Plan to Cut Production
    Oil prices were up $1 a barrel on Monday after top global exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July, counteracting the macroeconomic headwinds...
  • NIGC to Start Gas Import  From Turkmenistan Soon
    Iran will sign a gas contract with Turkmenistan and import 10 million cubic meters per day later this month, the oil minister said on Tuesday. Javad Owji made the announcement after meeting Batyr...
  • Pakistan to Receive Russian  Urals Crude via Omani Port
    Pakistan is scheduled to receive around 750,000 barrels of Urals crude over the coming days, which would mark the South Asian nation's first commercial-scale purchase of Russian crude oil, as it...
  • WTI Prices Decline Further
    Oil prices extended losses early on Wednesday, as worries of slowing demand from top oil importer China after the release of weaker-than-expected economic data outweighed some positive progress on...
  • Mazandaran Dams’ Depletion Continues
    The declining trend of water storage in the dams of Mazandaran Province is continuing for the third consecutive year, creating concerns regarding the supply of water needed by agricultural and...
  • Industrial Groups Push for  France's Hydrogen Strategy
    A call-for-action with over 100 signatories was sent to the French government on Wednesday to ask that industrial competitiveness is incorporated into the new national strategy for hydrogen,...

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