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
  • Liquid Fuel Export Comes to the Rescue
    Boosting output of petroleum products is a declared policy of the government and has generated $9 billion from exporting liquid fuels, managing director of National Iranian Gas Company said. This...
  • Dams Are No Smart Solutions
    Based on the March 2020-21 budget bill, close to $160 million will be allocated to dam construction in the next Iranian year. This the amount, five times bigger than the Department of Environment'...
  • Rouhani Says Petrochem Revenues Will Rise 47% in Two Years
    Annual petrochemical revenues are expected to reach $25 billion in 2021. President Hassan Rouhani announced this on Monday addressing investors and businesses involved in the petrochemical...
  • Oil Edges Up on Upbeat Data, Mideast Unrest
    Oil prices held on to three-month high on Monday, underpinned by optimism over an expected China-US trade deal and upbeat industrial data, while traders kept a close watch on the Middle East...
  • $3.5b Bid Boland Gas Refinery to Come Online
    Construction of Bid Boland Gas Refinery in Khuzestan Province is almost complete and is expected to go on stream by the end of winter or early spring, the managing director said. “The mega project...
  • Water Conflicts Can Be Resolved
    Water is like a double-edged sword that can be a catalyst for peace, help countries build cordial ties and settle differences, but also can create conflicts leading to war. Energy Minister Reza...
  • Iran's Gas Transport Network Needs Renovation
    Iran has 37,000 kilometers of high-pressure gas pipelines and more than 2,000 trucks to transport CNG, a large part of which need renovation, the manager for operations coordination at the Iranian...
  • Major Challenges Confront Iran Shipping Fleet
    Iran's shipping fleet cannot get services (like bunkering) in international waters and ports from Jan 1 because the vessels have not been able to conform with the International Maritime...
  • Oman Sea Water Supply to 3 Provinces From February
    The plan to supply water from the Oman Sea in south  Iran to three eastern provinces will begin in February,  deputy director of Khorasan Razavi Regional Water Company said. “An estimated 750...
  • DoE Chief Dismisses Caspian Water Plan as a Nonentity
    The plan to transfer water from the Caspian Sea to the drought-hit Semnan Province will not see the light of day in the near future, not due to ecological concerns but because it is economically...
  • Capacity of Renewable Power Ignored
    Iran has enough potential to produce higher amounts of electricity from renewable sources while the current power output from it is less than 1,000 MW, vice president of Iran Electrical Industry...
  • Oil Hits Three-Month High
    Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers even before the hoped-for end to the trade war between Washington and Beijing.  
  • Ship Owners Rush to Debunker HSFO as IMO 2020 Looms
    With less than a week to go before the implementation of global low sulfur regime for bunker fuels, a large number of ship owners in the race to be compliant are offloading the ineligible grades,...
  • Construction of Rubber Dams in Gilan and Mazandaran
    Construction of 11 inflatable rubber dams is underway in the northern province of Gilan to help the region's agriculture, the Energy Minister said Thursday. Speaking at the inauguration of Galesh...
  • 1,450-Ton Rig Adds to South Pars Output
    To boost output from the South Pars Gas Field, the third offshore deck of Phase 14 started natural gas production on Friday, the development manager said. “The new platform (14B) has added 14...
  • OPEC+ May Consider Ending Oil Output Cuts in 2020
    The Organization of the Petroleum Exporting Counters and its allies, known as OPEC+, may consider wrapping up their oil output reduction in 2020, Russian Energy Minister Alexander Novak said on...
  • Utilizing of APG to Expand in Iran
    In the framework of commitments to help protect the environment, an estimated 400,000 cubic meters of associated petroleum gas will be collected from Sa’adatabad Oil Field in Fars Province on a...
  • Slow But Steady Transition to Clean Energy
    Producing clean energy has helped reduce greenhouse gases by as much as 3,000 tons over the past eight months. Renewable energy sources in Iran (solar and wind power plants) generated over 350...
  • Gas Grid in Sistan-Baluchestan Near Completion
    The National Iranian Gas Company is to invest $1.5 billion to complete the national gas grid in Sistan-Baluchestan Province, the managing director said. “Infrastructure is more than 76% complete...
  • Minister Likens Water Misuse to a ‘Chronic Disease’
    Energy Minister Reza Ardakanian says enhancing water efficiency by 10% can go a long way in saving the rapidly shrinking precious resource. “So long as old irrigation practices continue and...
  • Khorasan Razavi Province Boosting Energy Projects
    The Energy Ministry has 46 power, water and wastewater projects in cities and villages of Khorasan Razavi Province, the minister said Monday.  
  • Private Power Producers Under Stress
    Unprecedented volatility in the currency market over the last 15 months is adding financial pressure on private electricity producers and most are on the verge of bankruptcy, head of the board of...
  • Iran: 16% Decline in Gasoline Consumption
    Gasoline consumption in the eighth fiscal month that ended on December 22 was 75 million liters per day, data released by the National Iranian Oil Products Distribution Company show.    
  • Fuel Smuggling in Iran: A Strange Narrative
    The Tehran government’s protestations about fuel smuggling from the eastern and southern borders have become a permanent feature. So has the inability and unwillingness of those in charge to put an...
  • 1,400 km of Rivers Dredged to Help Prevent Flooding
    Over 1,400 kilometers of rivers have been dredged since the beginning of the fiscal year in March to help prevent potential flooding, the managing director of Iran Water Resources Management...

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