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 Tumble 2 Percent
    Oil prices tumbled by more than 2 % on Monday after US President Donald Trump on Sunday said he would sharply hike tariffs on Chinese goods this week, risking derailing months of trade talks...
  • Domestic Company Manufactures LPG Storage Tanks
    The know-how to build liquefied petroleum gas (LPG) storage tanks has been indigenized by a private company, managing director of Panahsaz-e-Iran Engineering Company said Monday.  
  • Water Levels in Iran Dams Rise 300%
    Since the beginning of the current water year last September, the volume of water flowing into the country's dams has reached 64.08 billion cubic meters, up 300% compared to 16.15 bcm last year....
  • Future Gasoline Plan Put on Hold
    The plan to ration gasoline and increase fuel price has been suspended for now, spokesman for the Majlis Presiding Board told reporters on Sunday. “The matter will be discussed at a joint meeting...
  • Russia to Cut Crude Oil Production
    Russia’s oil output will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues.  
  • Iran Oil Export to Decrease in May
    Iran’s oil exports will slide in May as the United States tightens the screws on Tehran’s main source of income, industry sources said, deepening global supply losses caused by US sanctions on...
  • China Natural Gas Consumption Grows in Q1
    China’s natural gas consumption grew steadily in the first quarter of the current year amid the country’s fight against air pollution.  
  • Mapna Unveils MGT-40 Turbine
    Iran's top engineering and energy company the Mapna Group, on Sunday unveiled an advanced gas turbine used in the power, oil, gas and petrochemical sectors. In a news briefing on Sunday, CEO Abbas...
  • Iran's Power Demand in Summer to Surpass 61 GW
    Load on the national power load is expected to increase by 5% in the current fiscal that started in March, a deputy managing director of Iran Power Generation, Distribution and Transmission Company...
  • NIOC in Talks to Open Iraq Office
    The National Iranian Oil Company and Iraqi oil officials explored ways to boost cooperation in Tehran on Friday. According to Shana, the Oil Ministry news portal, Ramin Qalambor Dezfouli, NIOC...
  • Gasoline Rationing Plan Is Crucial, But Not Enough
    Many say that in the current economic conditions resuming the gasoline rationing system to better manage (curb) fuel consumption is inevitable, but may not help much in preventing smuggling. The...
  • Green Power Supply to 650 Ardabil Households
    A 1000-kilowatt solar power plant became operational in the northwestern Ardabil Province on Thursday, the head of provincial regional electricity company said.  
  • Ending US Waivers on Iran Has Little Impact on Italy's Energy Mix
    The United States' decision to end waivers that allowed a handful of countries to buy oil from Iran is more likely to have geopolitical implications than to affect Italy's energy supply, analysts...
  • Foreign Companies Continue Ties to Iran’s Oil, Petrochem Sectors
    Despite the new US sanctions and bullying, and concerns expressed by Dutch banks, Dutch companies are still cooperating with Iran’s oil industry, said the head of the Dutch pavilion at the 24th...
  • Iran Gas Expansion Projects to Be Complete by 2023
    The national gas grid will be completed in three years after which the entire country will have access to the network by 2023, managing director of Iran Gas Company said at the weekend. “Gas meets...
  • OPEC's Barkindo: Unilateral Measures Against Iran Oil Will Not Pass
    Unilateral measures to cut Iranian oil exports to zero will not produce the results desired by the Trump White House.   
  • Turkey Says Cannot Swiftly Abandon Iranian Oil
    Turkey will be unable to diversify oil imports quickly after the United States ended waivers on purchases from Iran, the Turkish foreign minister said on Thursday, a day after a US-imposed...
  • Troubled Iran Oil Tanker Towed to Jeddah Port
    Saudi Arabia’s coast guard assisted an Iranian oil tanker with engine trouble off the coast of Jeddah in the Red Sea after Riyadh received a request for help from Iran.  
  • Driving Renewables Forward
    Renewable energy output is expected to reach 800 megawatt by summer, Deputy Energy Minister Mohammad Sadeqzadeh said. Sadeqzadeh, who also is head of the Renewable Energy and Energy Efficiency...
  • 484 MW Power Plant to Come on Stream in Lorestan
    Gas units of the first phase of Khorramabad Combined Cycle Power Plant in Lorestan Province, have registered 70% progress and will come on stream in the fall, said the managing director of Saba...
  • OPEC Oil Output at 4-Year Low in April
    OPEC oil supply hit a four-year low in April due to further involuntary declines in sanctions-hit Iran and Venezuela and output restraint by top exporter Saudi Arabia.  
  • Dam Extensions in Iran's Kermanshah Province
    President Hassan Rouhani on Wednesday inaugurated water projects in western Kermanshah Province completed at a total cost of $285 million.   "The government has tapped into the National...
  • Oil Falls on Swelling US Stockpiles
    Oil prices fell on Wednesday after a report showed a rise in US crude inventories, but global markets remained tense amid an intensifying political crisis in Venezuela, tightening US sanctions on...
  • Zanganeh Denies Gasoline Rationing Dateline
    Oil Minister Bijan Namdar Zanganeh has denied rumors that gasoline rationing would start from today (May 2). “What is being floated around regarding gasoline rationing is a lie,” he said Wednesday...
  • Renewed Call for Replacing  Gasoline With CNG
    Abundant gas deposits plus cost-effective production amply justify replacing gasoline with compressed natural gas, director of the CNG office of the National Iranian Oil Refining and Distribution...

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