Energy

Oil prices moved higher on Wednesday after an industry report showed that US inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world’s biggest…

Large volumes of underground water that were supposed to be consumed over the next century have already been used in the last five decades, an environmentalist and head of the  Environment…

The Majlis has obliged the National Iranian Oil Company, to supply one million tons of free bitumen to executive organizations for construction projects in the current fiscal year (ends next…

Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the US economic recovery capped…

Iraq made its strongest commitment yet to implement deep cuts in crude production after the country’s oil minister and his Saudi counterpart held a phone call late Saturday. OPEC’s second-…

Natural gas consumption has reached 85 billion cubic meters since the beginning of the current fiscal in late March, up 4% compared to the same period in 2019, head of National Iranian Gas…

The water industry has raised chlorine levels by 40% in piped water to help fight the Covid-19 pandemic, head of Hygiene Department at the Tehran-based National Water and Wastewater Engineering…

Three fuel depots in the vicinity of Tehran are safe and there is no need for relocation, head of the National Iranian Oil Products Distribution Company (NIOPDC) said.

Nirou Chlor Company, a subsidiary of Tamin Petroleum and Petrochemical Investment Company, exported 5,000 tons of chemicals to Europe since the beginning of the current year (March 20) despite…

With the launch of 13 petrochemical projects by March, Iran’s petrochemical production capacity will reach 90 million tons per year from the current 70 million tons. Ten more projects are…

Construction of Nematabad Dam in Hamedan Province is almost complete and is scheduled to be launched in two months, managing director of Hamedan Regional Water Company said.

BP will sell oil and gas assets to fund its ambitious low-carbon strategy even if prices improve, three unnamed sources told Reuters. A tenfold increase in investments in low carbon businesses…

National Iranian Gas Company’s annual gas output will increase by at least 22% by 2021, head of the state-run NIGC said. “Total natural gas production amounted to 270 billion cubic meters in…

Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market…

An estimated 90% of the renewable water resources in Markazi Province is consumed in the agriculture sector, managing director of Markazi Regional Water Company said.

To help expand the value-added chain in the petrochemical industry, three projects that cost $1.6 billion will be inaugurated on Thursday, managing director of the state-run National…

BP expects its oil and gas production to fall by at least 1 million bpd of oil equivalent or 40% over the next decade, as it transitions to a lower carbon energy company, the company said.

As the mercury rises and pushes up power consumption, the failure rate of equipment used in the distribution network grows causing blackouts, deputy of operations and dispatching at Tehran Power…

From quiet skies over Europe to sparse traffic in America’s biggest cities, a recovery in global oil demand is faltering amid the resurgence in coronavirus. That poses a particularly delicate…

Oil prices fell on Monday on oversupply concerns as OPEC and its allies wind back production cuts in August and a rise in worldwide Covid-19 cases points to a slower pick-up in fuel demand.…

Researchers at Sharif University of Technology (SUT) in Tehran have designed and manufactured a javel water making machine with an Iranian electrolyzer, Erfan Touraji, the project director, said…

The National Iranian Gas Company says it has invested $17 billion in natural gas infrastructure over the past seven years.

The state-run Power Generation, Distribution and Transmission Company (Tavanir) has published a report that shows electricity generated in the country in 2019 increased 6.1% compared to the…

Iraq’s total oil exports for July averaged 2.763 million barrels per day, the oil ministry said in a statement. The exports included 2.668 million bpd from its southern Basra oilfields, it said…

Researchers at Pardis Technology Park have introduced special catalysts used in reforming units in refineries to produce quality gasoline, the project director said.