The National Iranian Gas Company is ready to renew its gas export contract with Iraq. …
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Natural gas pipe-laying operations are underway nationwide to connect far-flung small towns to the national grid, managing director of the state-owned National Iranian Gas Company said.
The plan to overhaul thermal power plants and boost electricity production, which started in August, is on track and will be complete by May 2022, a spokesman for the Power Generation,…
OPEC sees oil demand continuing to grow to the middle of next decade, even as world leaders prepare for another attempt to avert catastrophic climate change. Global fuel consumption will fully…
Daily gasoline consumption in Iran has reached 85 million liters, which is 18% higher than the corresponding period of last year, the head of Gasoline Station Owners Association said. “However…
Arvand Petrochemical Company in Mahshahr, Khuzestan Province, registered a 289% increase in operating revenues in the first half of the current Iranian year (March 21-Sept. 22) compared with the…
The annual land subsidence in Tehran Province is reportedly 36 centimeters, especially in its southern plains, which is the result of excessive groundwater extraction from underground aquifers,…
The state-run National Iranian Gas Company has injected close to 126 billion cubic meters of gas into the Iran Gas Trunkline (IGAT) since the beginning of the current fiscal year (March 2021-22…
Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas and coal also lent support. Brent crude…
Policymakers’ shortsightedness and the existence of a mafia-like syndicate that controls thermal power plants has caused Iran to remain fully dependent on fossil fuel-based power, a lecturer at…
The production of methylene diphenyl diisocyanate (MDI) at the Karoun Petrochemical Company during the sixth month of the current Iranian year (Aug. 23-Sept. 22) had a 17.1% increase compared…
Mobarakeh Steel Company, the largest steel company in Iran and the wider Middle East and North Africa region, is the first industrial complex that has replaced freshwater with reclaimed…
The construction of Konjancham Dam in Mehran County, Ilam Province, has registered 85% progress and the budget to complete the project will be allocated soon, Ali Akbar Mehrabian, the new energy…
Power supply restrictions on industries, including steel and cement factories, have been removed, a spokesperson for the Power Generation, Distribution and Transmission Company (Tavanir) said.…
Oil prices steadied on Friday near a two-month high of $77.50 a barrel and were headed for a third straight week of gains, supported by global output disruptions and inventory draws. The rally…
Iran's Oil Minister Bijan Namdar Zanganeh on Sunday appointed Ali Kardor as the new head of the state-run National Iranian Oil Company. Kardor, who previously served as NIOC's investment and…
The Oil Ministry has invested around $10 billion on the development of Azar joint oilfield in Ilam Province to increase the output from the field, which currently stands at 65,000 barrels per…
The construction of a thermal power plant near Zahedan, Sistan-Baluchestan Province, will start soon, director of gas power plants project at Thermal Power Plants Holding Company said. “Located…
The number of electricity meters nationwide has risen by 350,000 over the past 12 months to reach 38 million.
The National Iranian Oil Company has prepared a long-term plan to attract foreign and domestic investments worth $145 billion over the next four years. Oil Minister Javad Owji made the…
Soaring gas prices are the cost of the attempted shift to renewable energy sources, OPEC Secretary-General Mohammed Barkindo told CNBC. “I have talked about a new premium that is emerging…
Oil prices rose on Tuesday as analysts pointed to signs of US supply tightness, ending days of losses as global markets remain haunted by the potential impact on China's economy of a crisis…
As soon as mercaptan removal units in gas refineries of South Pars Gas Field in the southern Bushehr Province become operational, natural gas will be replaced with condensates in thermal power…
Dena Petrochemical Complex in Asalouyeh, Bushehr Province, which is currently under construction, has signed a contract worth over $3.7 million with local manufacturers to support domestic…
Iran remained the single largest provider of energy subsidies across the globe in 2020. According to IRNA and based on data from the International Energy Agency, Iran paid $29.7 billion in…
