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
  • Big Oil Patchy Deals Record Casts Shadow Over Green Makeover
    As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is red flag for some investors...
  • Advanced WTE Plant for Gilan Region
    Construction of a waste-to-energy plant will start soon in the northern Talesh County, Gilan Province, said the project manager of Biomass Energy Technologies Development at Niroo Research...
  • Underground Water Extraction Pushing Isfahan Over the Edge
    Underground water resources in the parched Isfahan Province are disappearing by 3.6 billion cubic meters per annum, head of the Water Conservation Department of the provincial water company said...
  • Brent at Five-Month High on UAE Supply Cuts, China Data
    Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to...
  • Tavanir Improving Efficiency of Power Distribution Systems
    Approximately 45% of the domestic electricity distribution network has been renovated, deputy for power distribution affairs at Iran's Power Generation, Distribution and Transmission Company (...
  • Aramco Discovers 2 Oil and Gas Fields in Northern Saudi Arabia
    Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.  
  • NIDC Drills, Repairs 109 Oil and Gas Wells in One Year
    The National Iranian Drilling Company drilled and repaired 109 oil and gas wells in one year (August 2019-August 2020), the managing director said. During the period, NIDC registered a drilling...
  • POGC Reports Production Rise
    Gas extraction from the giant South Pars Gas Field in the Persian Gulf increased 150% over the last decade, managing director of Pars Oil and Gas Company said. “Output capacity has approached 700...
  • Canadian Oil and Gas Spending Plummets 54%
    Canada’s capital spending on its oil and gas industry fell by more than half in the second quarter as the pandemic-inspired low prices continue to burden oil and gas producers with impossible...
  • Aras Free Zone Has Own Oil Refinery
    A mini refinery opened in Aras Free Zone on Wednesday with annual capacity of 200,000 tons of petroleum, including gasoline, diesel, naphtha, kerosene and bitumen, managing director of Aras Free...
  • NIORDC Reports Higher Output
    Crude oil processing capacity in the National Iranian Oil Refining and Distribution Company (NIORDC), a subsidiary of the National Iranian Oil Company, has risen 43% to 2.3 million liters per day...
  • Oil Holds Near 5-Month High on US Output Cuts
    Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing...
  • Gasoline Exports Rise
    In the first five months of the current fiscal year (started May 20), more than $1 billion worth of gasoline was exported, head of the Islamic Republic of Iran Customs Administration said. “Total...
  • 500 MW Power Plant Starts Operation at Major Oil Block
    To help develop power infrastructure in shared oilfields with Iraq, a 500 megawatt power station became operational in Iran’s largest oil block known as West Karoun in Khuzestan Province, chief...
  • Iraq Will Continue Buying Gas and Power From Iran
    Iraq could lower its reliance on Iranian gas and electricity imports next year if (and when) OPEC's second largest oil producer can implement multi-billion deals signed with US companies and...
  • Oil Prices Edge Higher
    Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after US regulators approved the use of blood...
  • 2 IGAT Trunklines Inaugurated
    The sixth and ninth Iran Gas Trunklines (IGAT-6 and 9) were officially launched on Monday. Over $3.6 billion has been invested on the two projects, about a third of which ($1.3 billion) was put up...
  • $1.5 Billion Petrochemical Plant Opens in Pars Economic Energy Zone
    To expand the value-added chain in the petrochemical sector, the first phase of Bushehr Petrochemical Company in Pars Special Economic Energy Zone (PSEEZ), southeast of Bushehr Province, became...
  • South Pars Gas Production Up
    Gas production from the third platform of South Pars Gas Field Phase 13 started on Friday, the operator said. “Gas from the satellite platform 13C is transferred to the 13A main platform via an 18...
  • Two Top Organizations Sign 15-Year Power Agreement
    Tehran Water and Wastewater Company, a subsidiary of the National Water and Wastewater Engineering Company of Iran (Abfa), and state-owned Renewable Energy and Energy Efficiency Organization, aka...
  • Controversial Dam Construction Likely to Restart in Lake Urmia Basin: MP
    Construction of Nazlou Chay and Barandouz Chay dams in Urmia, West Azarbaijan Province, which was halted to stop the drying up of Lake Urmia, will restart soon reportedly after a direct order from...
  • 50+ Research Projects Help Improve Petrochem Industry
    Fifty research projects are underway at subsidiaries of the Persian Gulf Petrochemical Industries Company, director of planning and development said Wednesday. Mojtaba Taheri was speaking in...
  • Oil Minister: No Time for Complacency
    Contracts worth $1.7 billion have been signed between Iranian oil and services companies to increase production from existing fields, the oil minister said Wednesday. Referring to the previous...
  • Oil Prices Rise as Producers Talk Up Efforts to Rein in Supply
    Oil prices climbed on Friday, on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about economic recovery from the...
  • Tehran Hydropower Output Declines
    Hydropower production in Tehran Province is projected to decrease by 21% in the current fiscal that started in March compared to 2019, head of hydropower installations at the Tehran Regional...

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