Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

  • Oil Prices Extend Gains 
    Oil prices rose for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States.
  • Sabalan Petrochemical Company Using Indigenized Catalysts
    Sabalan Petrochemical Company in Asalouyeh, Bushehr Province, has started using domestic methanol catalyst in the company's synthesis reactors, the managing director of the company said.  “...
  • Renewables Can Help Curb Annual Gas Use by 70 bcm
    Iran's potential to harness renewable energy, including solar and wind power, can help curtail natural gas consumption by a massive 70 billion cubic meters annually, Iran Renewable Energy...
  • Project Boosts Urmia Power Plant Capacity to 1.5 GW
    The third steam unit of Urmia Combined-Cycle Power Plant in West Azarbaijan Province has been connected to the country's national electricity network, increasing the total capacity of the plant to...
  • WTI, Brent Prices Downslide
    Oil prices fell for a third trading session on Wednesday on expectations the US Federal Reserve will indicate later in the day that interest rates are set to rise more, stoking concerns of lower...
  • Russia Eyes Iranian Gas Turbines 
    The European Union's sanctions against Russia, following its invasion of Ukraine, have turned out to be a blessing in disguise for Iranian gas turbine manufacturers not only to share their knowhow...
  • Isfahan Dams’ Conditions Dismal
    The large dams of Isfahan Province contain only 180 million cubic meters of water now, which is 74% less than the 50-year average, the director of operation and maintenance of water facilities at...
  • Abfa Boosting Wastewater Treatment Countrywide
    A total of 252 wastewater treatment plants with a capacity of 5.7 million cubic meters per day are operating in different parts of Iran, the deputy for supervision and planning at the National...
  • OPEC+ Decisions Nonpolitical
    Decisions by OPEC+ are not politicized and are based on market fundamentals, Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance of oil producers is...
  • Non-Allocation of Funds Delays Tehran’s Wastewater Project
    The construction of phases 7 and 8 of Tehran’s South Wastewater Treatment Plant requires at least $700 million in investment, but the procrastination of agent banks in extending funds has delayed...
  • Energy Ministry Prioritizes Plans to Boost Desalination
    The Energy Ministry has launched several plans to increase Iran’s desalination capacity by at least 400,000 cubic meters per day in two years with the help of the private sector, the deputy for...
  • China Demand Hopes Lift Oil 
    Oil prices rose on Monday amid optimism over China's demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place.
  • Arvand Petrochem Company Increasing Indigenization
    More than 85% of the chemicals and equipment used in Arvand Petrochemical Company in Mahshahr, Khuzestan Province, have been indigenized, the managing director of the company said. “The...
  • Tehran’s Water Use Reaches Summer Consumption Levels
    Water consumption in Tehran exceeded 46,000 liters per second on Thursday, which is equivalent to the consumption level in the hot days of summer. While water in Tehran dams is at its lowest level...
  • Iraqi Independence From Iran’s Gas, Power Supplies Far Off
    Although Iraq is in talks with international firms, such as Baker Hughes, Total Energies, Halliburton and Aramco, to implement oil and gas development projects in the west of the country, its...
  • 13th RCUWM Governing Board Meeting Scheduled
    The 13th governing board meeting of the UNESCO Regional Center on Urban Water Management for West and Central Asia will be held on Feb. 23 in Tehran, deputy director of RCUWM-Tehran said. “The...
  • Four Bushehr Projects to Expand Polyethylene, Propylene Output
    Four petrochemical projects belonging to the Oil Industry Pension Funds in Asalouyeh, Bushehr Province, are underway and will be completed over the next two years, the head of the Board of...
  • Renewables Capacity Shows Slight Growth 
    The total capacity of renewable energy sources across Iran has increased by 1.29% in the first month of winter (Dec. 22, 2022-Jan. 20) compared to the previous month. With the launch of a project...
  • Iranian Researchers Indigenize Electric Submersible Pumps 
    A group of researchers at Khajeh Nasir Toosi University of Technology in Tehran has indigenized electric submersible pumps (ESPs) that will help raise crude output in Iran’s oilfields, the head of...
  • OPEC: Oil Market Will Tighten
    OPEC expects a slightly tighter global oil market than previously forecast as the group nudged up its demand estimate and trimmed its supply outlook.
  • LPG, Bitumen, Methanol Exports Expected to Grow Exponentially
    The export of liquefied petroleum gas had a 120% growth during the first nine months of the current Iranian year (March-December 2022) compared with the same period of last year, a member of the...
  • WTI, Brent Prices Drop 
    Oil prices extend losses on Wednesday as a much bigger-than-expected surge in the US crude inventories and expectations of further interest rate hikes sparked concerns over the prospect of weaker...
  • Bojnourd to Supply Treated Wastewater to KPC by September
    The project to transfer treated wastewater from Bojnourd County in North Khorasan Province to Khorasan Petrochemical Company will be completed by the end of September. The petrochemical company...
  • Gas Production Capacity to Hit 1.5 bcm/d in Six Years
    Projects are underway to increase Iran’s gas production by 50% until 2028, the managing director of the National Iranian Oil Company said. “With the implementation of these projects, the country's...
  • Development of Two Maroun Oilfields Underway
    The first well in the development plan of Maroun 1 and 4 oilfields has started production, the head of the North Drilling Company of Iran said. “The well has a production capacity of 1,500 barrels...

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