Oil futures surged in aftermarket trading after Donald Trump said the US government will take advantage of low oil prices and buy "large quantities" of crude to fill the Strategic Petroleum…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Feeding thermal power stations with liquefied fuel (mazut) instead of natural gas from Dec 2019 to Feb 2020 is taking a toll on the plants’ overhaul operations, the Energy Ministry spokesman for…
The coronavirus pandemic has stoked concerns of a global economic recession as it spreads across the world, igniting one of the sharpest oil price plummets in the last 30 years and causing the…
The coronavirus outbreak has decreased the sale of gasoline at gas stations across Iran by a massive 50%, a board member of the Gasoline Station Owners' Association said. “Due to the noticeable…
Oil prices were set for their worst weekly drubbing since the 2008 financial crisis, despite eking out a 2% on Friday, as investors eyed evaporating demand from the coronavirus pandemic and a…
The project to collect associated petroleum gas at Amir Kabir Petrochemical Plant in Mahshahr, Khuzestan Province, is in the final stages. Upon completion by summer, the APG will be used as…
Russia stepped up its price war with Saudi Arabia by warning it can raise oil production, while also saying further cooperation with OPEC is possible. After the collapse of OPEC+ talks last…
Close to 630 megawatts of electricity was added to the national grid on Wednesday, raising overall installed capacity to 83,630 MW, head of Iran’s Thermal Power Plants Holding Company said.
Compressed natural gas consumption up until last week reached 24.4 million cubic meters per day, the deputy director of National Iranian Oil Refining and Distribution Company said.
Prices for spot liquefied natural gas cargoes imported into Japan, the world’s biggest buyer of the fuel, fell in February to the lowest since the country’s trade ministry started compiling data…
Water production in Tehran reached 17 million cubic meters per day between February 21 and March 1. According to ILNA, the figure shows a 3.5% rise (500,000 cubic meters/day) compared to same…
One of the important measures taken by petrochemical companies in the past several days to help fight the rapidly spreading coronavirus in Iran has been to increase production of javel water and…
Fuel cards that hold 360 liters of gasoline will not be charged from April, head of the Planning Department of the National Iranian Oil Refining and Distribution Company said. “Motorists can…
A small-scale power plant with distributed generation system in Marivan County, Kurdestan Province, will come online before the onset of the summer season, managing director of West Regional…
Iranian engineers have indigenized an important piece of equipment used in hydroelectric power plants, the deputy for operation affairs at Iran Water and Power Resources Development Company.
Since the beginning of the water year last September, the amount of water stored in dams in Mazandaran Province has jumped by 40% to reach 311 million cubic meters, head of the maintenance…
Losing more than a quarter of their value, oil prices were set on Monday for their biggest daily rout since the first (Persian) Gulf War, after Saudi Arabia cut its official prices in a market…
Asian oil traders are bracing for another round of hefty price falls on Monday in key benchmarks Brent and Dubai after the world’s top exporter Saudi Arabia slashed prices, reigniting a market…
Electrification of agriculture wells will help save 750 million liters of diesel per year, and the saved fuel can be exported via the Iran Energy Exchange.
To fast track production in the South Pars Gas Field off the Persian Gulf, the last offshore platform of its Phase 13 (13C) was installed on Saturday. According to Payam Motamed, operator of…
Some dams in Iran have not been constructed in the right place, head of the Water Affairs Faculty at Shahid Chamran University in Ahvaz, Khuzestan Province said.
Installed power generation capacity in Iran reached 83,000 megawatts. Deputy Energy Minister Homayoun Haerisaid this at a ceremony to inaugurate the first phase of Khorramabad Combined Cycle…
With completion of the first phase of the Zanjan Wastewater Treatment Plant, it now covers over 220,000 people in the northwestern city. Construction of the second phase started on Tuesday.…
OPEC and its allies need to cut crude output by 500,000 barrels per day to clear the oil market's oversupply from the coronavirus outbreak, Iran’s Oil Minister said upon his arrival in Vienna…
Despite the good torrential rains, the amount of water flowing into dams in Iran from the beginning of the current water year (Sept 2019) until February 28 declined 34% compared to the same…
