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
  • Water Supplied to 8 Million Rural Population in 7 Years
    With the launch of water supply projects to 137 villages in Markazi and Fars provinces on Tuesday, the number villages with piped water has surpassed 12,100, the energy minister said. In the past...
  • Iraq Waiting for Resumption of Iran Gas Supply
    Iraq is still waiting for Iran to resume supplying the country with sufficient amounts of gas for power generation, after the US granted Baghdad a 90-day waiver to continue to import electricity...
  • Oil Rises to 11-Month High
    Oil prices rose on Wednesday to their highest since February 2020 after Saudi Arabia agreed to reduce output more than expected in a meeting with allied producers, while industry figures showed US...
  • Tavanir: Power Cuts Likely
    The state-run Iran Power Generation, Distribution and Transmission Company (Tavanir) says the national grid cannot take loads higher than 40 gigawatts in winter. Mostafa Rajabi Mashhadi, a company...
  • Last SP Onshore Refinery Project Makes Headway
    South Pars Gas Field Phase 14 onshore refinery will go on stream by mid-2021, project manager of the phase said. “Units including steam boilers and gas condensates storage facilities have become...
  • OPEC+ Likely to Boost Oil Output Without Undoing 2020 Gains
    As one of the most tumultuous years in oil’s history ends, a delicate task now confronts OPEC+.  
  • Fossil Fuel: A Thing of the Past
    Fossil fuel is on its way out. Most countries, even oil-rich states are slowly but steadily shifting to green power as they grapple with the scale and scope of ecological disasters (climate change...
  • Petrochemical Output to Reach 133m Tons by 2025
    The National Petrochemical Company has plans to lift added value and help curb oil export, director of projects at the NPC said. Nineteen projects will come on stream by the end of the next...
  • Majlis Committee Cuts Crude Export Forecast
    The parliament cut the government's oil export forecast in the next fiscal budget from 2.3 million to 1.5 million barrels a day, head of the energy committee of the Majlis Budget Integration...
  • Azad Dam to Augment  Kurdistan Water Supply
    Concurrent with the final construction phase of Azad Dam in Kurdistan Province, executive operations for transferring water from the dam to Sanandaj Water Treatment Plant will start by the end of...
  • LPG Loading Pier Near Completion
    Construction of a loading pier for LPG export, at Tombak Port, approximately 50 kilometers north of the port of Asalouyeh in Bushehr Province, is almost complete, managing director of Pars Oil and...
  • Indigenized F-Class Gas Turbine Starts Operation in Hormozgan
    The gas unit of Hengam Power Plant in Bandar Abbas, southern  Hormozgan Province, the first of its kind in the country to have an indigenized F-class gas turbine, has started operation, director of...
  • Gasoline Export Earned $1.4b in Two Quarters
    In the first seven months of the Iranian calendar year (ends in March) more than $1.4 billion worth of gasoline was exported to Iraqi Kurdistan, Afghanistan, Pakistan, Armenia and some African...
  • Potable Water for Rural Areas in Markazi Province
    With the completion of 40 rural water supply projects in Markazi Province, water problems in 74 villages with 300,000 people have been resolved, managing director of the provincial Water and...
  • NIDC Marks 41st Anniversary
    The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, undertakes most drilling operations in the country and drilled 4,724 onshore and offshore oil and gas wells in...
  • Four Provinces Expand Power, Water Projects
    Twenty six power and water projects were officially inaugurated in four provinces on Thursday. Costing over $100 million, four were in West Azarbaijan in the northwest, nine in Isfahan, 10 in...
  • Global LNG to Continue on Growth Trajectory
    The LNG market enters 2021 with reports of a South Korean company planning to use LNG-cooled warehouses for bulk storage of Covid-19 vaccines as conventional cold distribution chains could be...
  • Iran Has Done Almost Nothing in Fight Against Global Warming
    According to the Climate Change Performance Index, Iran is third out of 61 countries that had the worst performance in fighting global warming in 2020. Placed 59th, Iran is among the worst...
  • Petchem Co. in Asalouyeh Helps Complete Ethylene Value Chain
    Kavian Petrochemical Company in the Pars Special Economic Energy Zone in Asalouyeh, Bushehr Province, is the main injector of ethylene to the West Ethylene Pipeline and plays an important role in...
  • Oil Prices Up as US Oil Inventories Fall
    Oil gained ground on Wednesday on the back of a weaker dollar, a decline in US crude oil inventories and as Britain approved another coronavirus vaccine, but both benchmark contracts were set to...
  • Watershed Projects Need Impetus
    Watershed management projects have been carried out for almost one million hectares in 10 flood producing provinces in 12 months, head of Flood Control and Watershed Management Department at the...
  • Energy Minister Asks Iraq  to Settle Huge Energy Debt
    Energy Minister Reza Ardakanian held talks with Iraqi officials in Baghdad on Tuesday including the Minister of Electricity Majid Mahdi Hantoush.  The two sides discussed issues of mutual interest...
  • Oil Demand Concerns Linger
    Oil prices edged higher on Monday after Donald Trump, the embattled outgoing US president, signed a $2.3 trillion coronavirus aid and spending package, although lingering worries about near-term...
  • Power Plants Stuck With Unpaid Bills
    The Ministry of Energy owes $80 million to combined heat and power plants this year, the head of Iran CHP Association said. Small-scale power plants are among the cheapest sources of electricity...
  • Iran-Pakistan Gas Pipeline Defied
    The idea of a pipeline stretching from Iran's gas-rich southern regions to Pakistan was an imprudent decision from the outset as most gas-based industries in Pakistan are located in the east of...

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