Global investment in energy is slated to hit roughly $2.8 trillion in 2023, according to a new report from the International Energy Agency, with over $1.7 trillion of that set to go on clean…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
Water consumption in Tehran reached 40,000 liters per second over the last seven days, up 15% compared with the same period of a year ago. According to data from Tehran Regional Water Company…
Executive operations to build the chlor-alkali unit has recently started at Ghadir Petrochemical Company in Mahshahr, Khuzestan Province, to increase output, the chairman of the company’s Board…
Vast exploration operations are underway on 140,000 square kilometers to discover offshore and onshore hydrocarbon deposits, the managing director of the National Iranian Oil Company Said…
US natural gas production growth could be on pause until more LNG export capacity comes on stream later this decade, panelists speaking from Hart Energy's Super Dug conference in Fort Worth,…
Oil prices rose on Wednesday after data showed US inventories and fuel supplies tightening after a warning from the Saudi energy minister to speculators raised the prospect of further OPEC+…
The construction of the new power station at the site of the aging Besat Power Plant in southern Tehran is complete and awaiting the permission of the Department of Environment to start…
Pardis Technology Park and PetroIran Development Company have signed an agreement, based on which the tech park will create a consortium of knowledge-based companies to conduct modern drilling…
The National Iranian Oil Company paid $80 billion in fuel subsidies in 2022, approximately twice its oil revenues in the same year. According to data from the National Iranian Oil Refining and…
Asia will lead oil demand growth of around 2 million barrels per day in the second half of the year, a senior executive at Vitol said on Monday, which increase could potentially lead to a…
The groundbreaking ceremony to start the construction of Godar Khosh Dam in Ilam Province was held on Monday. The project is expected to be completed within 48 months at a cost of $54 million,…
Generating electricity with the help of industry-funded power stations is more financially viable for industrialists compared to purchasing power from the Iran Power Generation,…
The Petrochemical Special Economic Zone Organization and a Chinese company have signed a memorandum of understanding for the construction of a sodium formate production plant in Mahshahr,…
Pars Oil and Gas Company was assigned by the National Iranian Oil Company to complete the second phase of a plan to develop the South Pars Gas Field’s oil layer in the Persian Gulf, the managing…
About 1,000 kilometers of water pipelines were laid in Sistan-Baluchestan Province to supply water to the rural areas of southeastern regions in the last Iranian year (March 2022-23), the water…
The steam unit of Khorramabad Combined Cycle Power Plant was launched on Sunday to help boost power supply in Lorestan Province. With a capacity of 160 megawatts, the steam unit has been…
China’s crude oil imports from Russia rose by 8.6% in April from a year earlier, as larger private refiners also embarked on purchases of the discounted fuel. Arrivals from Russia, including…
The construction of Persian Gulf Mehr Petro-Refinery, with a processing capacity of 120,000 barrels per day, is underway in Hormozgan Province to meet the rising demand for gasoline. Located…
Iran's annual water consumption in agriculture sector tops 90 billion cubic meters, of which a massive 60% go to waste due to unsustainable and wasteful farming practices, the head of…
Operations to develop the Farzad B Gas Field in the Persian Gulf have started, the managing director of the National Iranian Oil Company said. “The first phase of the development plan that…
A total of $740 million will be allocated to indigenize turbo compressors and turbines used in the oil industry, the managing director of the National Iranian Oil Company said.
To meet its demand for steel sheets, the state-run National Iranian Gas Company has signed an agreement with Iran’s largest rolling plant, Khuzestan Oxin Steel Company, the head of the steel…
The National Iranian Gas Company raised its natural gas exports in 2022 by 17%, the managing director of Iranian Gas Transmission Company said. “The state-run company’s exports reached 17…
Oil prices rebounded on Friday from losses of more than 1% the previous day, as investors turned cautiously optimistic over the fading risk of a US debt default. Brent futures rose 73 cents, or…
Persian Gulf Petrochemical Complementary Industries Development and Improvement Group, also named Petrol, is taking measures for completing the value chain in the petrochemical industry, the…
