Energy

Oil prices fell for a second day on Wednesday, weighed down by concerns that surging Covid-19 cases in India will drive down fuel demand in the world's third-biggest oil importer. Brent crude…

Absence of energy diplomacy is one root cause of shortfalls and lack of decent growth in the key power sector, a veteran economist says.

The Iran Power Plant Repair Company have manufactured a rotor of steam turbines, the CEO said. “The rotor that will be installed on 82.5 MW turbines cost $1.5 million and was built in six…

The 7% rise in water and electricity prices that take effect as of today (April 21) is no panacea for the deepening financial issues that have impaired the Energy Ministry, head of the Iran…

The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, drilled 116 oil and gas wells in the last Persian calendar year (March 2020-2021), the managing director said…

Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along…

A well at the Esfand Oil Field in the Persian Gulf has become operational, managing director of Drilling Company International, the executive arm of PetroIran Development Company, said.

Due to unprecedented low precipitation last winter output from 60 hydroelectric power plants in Iran is projected to decline by at least 30% between June and September compared to a year ago.…

A 5.9-magnitude earthquake which hit the southern province of Bushehr on Sunday partially damaged facilities of Gachsaran Oil and Gas Company. Houshang Seidali, head of the company, the temblor…

South Khorasan Province has been suffering from low levels of precipitation for two consecutive decades and almost 91% of the eastern province is affected by drought, director general of the…

Iran and China signed a 25-year “Comprehensive Strategic Partnership” last month that is likely to result, among other things, in increased oil flow from Iran to the world’s second economic…

The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting Paris Agreement goals, a consultancy said. 

The water level in Iran’s largest inland body of water (Lake Urmia) which was showed marked improvement in 2020, is falling, head of the Urmia Lake Restoration Project said.  “The current…

Jam Petrochemical Company in Asalouyeh, Bushehr Province set a new record in production of olefin products last Persian calendar year (March 2020-2021), producing over 1.22 million tons of…

The Parsian Sepehr Gas Refinery became operational on Thursday in Fars Province, head of the company’s board of directors said.

In the past Iranian calendar year (March 2020-2021), 476 solar water heaters were installed gratis in Kohgiluyeh-Boyerahmad rural areas not linked to the gas grid, director general of the…

The second phase of Firouz Bahram Wastewater Treatment Plan in southwest Tehran is near completion and set to become operational in summer, head of the state-owned Tehran Province Water and…

Construction of the Sarbisheh Wind Power Plant in Doreh rural district in South Khorasan Province is to be completed by fall, head of the renewable energy department of the provincial power…

Wastewater treatment facilities in northern Gilan Province is lagging behind due to poor and underdeveloped infrastructure, especially in the rural areas. An estimated 90 million cubic meters…

The Oil Ministry will invest $80 million in startups and knowledge-based firms, the oil minister said.

The fourth unit of Zahedan Water Desalination Plant in Zahedan, Sistan-Baluchestan Province, was inaugurated Tuesday, managing director of the provincial Water and Wastewater Company said.…

Close to 1 billion kilowatt hours of electricity was generated from alternative energy sources in the last fiscal that ended on March 20. This volume of clean energy helped reduce emission of…

Oil prices edged higher in rangebound trade on Monday on optimism about a rebound in the US economy as vaccinations accelerate, but rising Covid-19 cases in other parts of the world kept a lid…

Isfahan Province has been suffering from drought for years. It is facing new problems this year due to decline in precipitation that has resulted in further reduction of surface water and…

The Energy Ministry is expected to settle its $100 million debt to owners of small-scale plants next month, spokesman for the state-run Iran Power Generation, Distribution and Transmission…