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
  • 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...
  • OIEC Among Top 30 EPC Contractors in Mideast
    The Oil Industries, Engineering and Construction company of Iran has been listed among the top 30 contractors in the Middle East in 2020. The Oil and Gas Middle East website has shared its annual...
  • Power Demand Growing Faster Than Investment
    The number of electricity meters nationwide in household, agro and industrial sectors has grown 12 times in four decades, the Energy Ministry spokesman for the power department said. “There were...
  • Mazandaran Expands Power Output From DG Systems
    By the end of the current Persian calendar year next March, 11 small-scale power plants with distributed generation systems will come on stream in Mazandaran Province, a deputy governor said. With...
  • Household Gas Use Expected to Reach 650 mcm/d in Winter
    An estimated 880 million cubic meters of gas will be injected into the Iran Gas Trunkline (IGAT) per day in winter (Dec 21, 2020 and March 20, 2021) to meet projected rise in winter demand, head of...
  • CNG Filling Stations Are Economically Unfeasible
    The unprecedented rise in currency rates and low margins of fueling stations are pushing the CNG retail sector to the brink of insolvency, a member of the board of directors at Iran's CNG...
  • Iran’s Massive Energy Use Is Unsustainable
    Iran was ranked the world’s 11th largest energy consumer in 2019. Based on Global Energy Statistical Yearbook 2020 data issued by enerdata.net, the country of 82 million people used a total of 258...
  • South Pars Phase 13 Expands Footprint
    More than 35 million cubic meters of gas is produced daily at the South Pars Phase 13 refinery and output is expected to rise to 50 mcm, the refinery manager said. “In the blueprint 38 wells are...
  • IEA: Coronavirus Response Can Reshape Future of Energy
    The world’s response to Covid-19 can “reshape the future of energy” for years to come, the International Energy Agency said Tuesday in its annual World Energy Outlook report.  
  • 5th Iran Renewable Energy Confab Slated for Dec. 16
    The 5th (online) Iran Renewable Energy Conference and Exhibition (Iran REC 2020) will be held virtually on December 16. Iran Renewable Energy Association is organizing the event in collaboration...
  • West Azarbaijan Facing Water Shortages
    Water in 16 dams in and around West Azarbaijan Province has shrunk by 250 million cubic meters compared to last year, director of the provincial regional water company said. “Dams now hold 750 cm...
  • Indigenizing Power Plant Equipment Is a Compulsion
    Thermal Power Plants Holding Company has plans to indigenize almost 80% of equipment for power plants, director general of the Technology and Indigenization of Power Plants Office at the TPPHC said...
  • Brent, WTI Prices Plunge
    Oil prices dropped 1% for a second straight session on Monday as US producers began restoring output post-Hurricane Delta.  
  • Local Companies Boost Face Mask Production
    Raw materials (polypropylene grades 564S and 565S) required for the production of facial masks are supplied by petrochemical companies in the country aware of their role in contributing to the...
  • TPPHC Cannot Retire Ageing Power Plants
    So long as construction of new thermal power plants in Tehran Province is not complete he ageing gas and steam units cannot be phased out, head of the Thermal Power Plants Holding Company said. “...
  • Call for Expanding CNG Use
    Retrofitting vehicles, especially vans, with compressed natural gas can substantially cut fuel costs, head of the CNG Department of state-run National Iranian Oil Products Distribution Company said...
  • IDRO Producing API 610 Pumps
    Heavy Duty Pumps and Water Turbine Manufacture Company (Petco) designs and manufactures assorted pumps for the gas and oil industries with indigenized materials, knowledge and expertise without the...
  • Glimmer of Hope For Urmia Lake Revival
    Effective programs have been implemented to revive the troubled Urmia Lake and environment officials in East and West Azarbaijan province hope Iran’s largest inland body of water should reach its...
  • Power Plant in South Tehran Is a Handicap
    The average volume of water used to produce electricity in Besat Combined-Cycle Power Plant in south Tehran is 45 times above other power stations in the capital. According to Barq News, the 52-...
  • OPEC: Oil Demand to Plateau in Late 2030s
    World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said on Thursday, in a major shift for the producer group that reflects the lasting impact of the...
  • Iran Refiners Ramp Up Output
    Oil refining companies in Iran are doing reasonably well as production and export of gasoline has been of the ascending order in the past 14 years. The National Iranian Oil Refining and...
  • Minister Says Nuclear Power Capacity to Reach 3,000 MW
    Programs are underway to triple nuclear power, the energy minister said. The Bushehr Nuclear Power Plant off the Persian Gulf now produces 1,000 megawatts and two more 1 GW units are planned to...
  • Methanol Plant in Bushehr Near Completion
    Construction of Sabalan Petrochemical Plant in Asalouyeh, southern Bushehr Province is almost over, the managing director said. An undertaking of Sepehr Energy Corporation (SECo), the plant will...
  • Unraveling the Water Crisis
    There is a substantial difference between water consumption patterns in the developed and the developing world. In countries with low to average GDP like Iran, industry accounts for 2% of total...
  • Oil Prices Rebound 2%
    Oil prices rose more than 2% on Monday, lifted by comments from doctors for US president, Donald Trump, suggesting he could be discharged from hospital as soon as Monday, just a few days after his...

Pages

Financialtribune.com