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
  • Brent, WTI Prices Gain
    Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in US crude inventories, but lingering worries about a possible global recession...
  • Energy Ministry’s Unpaid Bills Rise
    Approximately $454 million is added to the Energy Ministry's debt to the private sector every year, the Energy Ministry’s spokesman for the power department said. "Although the ministry paid $1...
  • Hot Summer No Bar to Iran Power Export
    Despite the fact that electricity demand jumped up over the last two months, the Energy Ministry exported 2.5 million kilowatt hours of power between May 22 and August 11. Energy Minister Reza...
  • Road-Building Projects Waiting for Free Bitumen
    While many road construction projects are on hold waiting for free asphalt (bitumen) from the government, a great deal of tar produced inside the country is exported, the people’s representative...
  • Australia Contributing Generously to Global Carbon Emissions
    Despite claims from politicians that Australia’s contribution to global carbon emissions is not that big, the country ranks third in the world in terms of fossil fuel exports by carbon dioxide...
  • War-Weary Afghanistan Seeks Iran Help in Rebuilding Power Infrastructure
    Afghan minister of water and energy has invited private companies in Iran’s power sector to help his war-ravaged country rebuild its electricity infrastructure.  Mohammad Gul Khulmi, who met with...
  • Iran: 2,600% Rise in Number of Banned Plains
    Rapidly declining water resources has impelled the government to increase the number of plains from which water withdrawal is banned from 15 in 1968 to 405 now -- up 2,600%. “The number is...
  • Chinese Investment in Nigerian Oil at $16 Billion
    Chinese investments in the oil and gas industry of Nigeria have reached $16 billion, according to a senior official at the Nigerian National Petroleum Corporation, but the industry needs even more...
  • $1.7b Invested to Build 20 Power Plants in Iran
    By the end of the current fiscal year (March 2020) 20 power plants will come online soon, the Energy Minister said. With total capacity of 3,000 megawatts, the plants are under construction in 13...
  • What Role for Oil in Private Sector?
    Private sector in Iran cannot make miracles happen in international oil business under the sanctions regime as it was never trained for a large and unknown market. Head of the Iranian Oil Products...
  • South Khorasan Strongly Pushing Water, Power, Wastewater Agenda
    The Energy Ministry has 1360 water, power and wastewater projects in South Khorasan Province that have registered average progress of 40%, the energy minister said Thursday. In his trip to the...
  • Appalling Waste of Energy in Buildings
    Buildings account for a significant share of energy waste (almost 50%) in Iran including households, commercial sectors, private companies and state organizations.  Close to 2.4% of the world's...
  • Rural Electrification Noteworthy
    The number of rural areas linked to the national power grid has increased by 13 fold or 1.200% over the past four decades, the manager in charge of rural electricity expansion at the Power...
  • Oman's First Wind Farm Begins Generating Electricity
    Oman’s first wind farm, the 50-MW Dhofar Wind Farm, has produced its first kilowatt hour of electricity, marking a major milestone for the (Persian) Gulf Cooperation Council region’s first utility-...
  • South Pars Gas Field to Boost Output
    In line with plans to boost gas output from South Pars Gas Field in the Persian Gulf, the third offshore deck of SP Phase 23 was shipped Wednesday to its designated location, the deputy in charge...
  • Stopgap Fuel Card Rules Unhelpful
    So long as gas station attendants' cards are usable, the plan to reintroduce fuel cards cannot be implemented efficiently and transparently, a board member of Al-Zahra University in Tehran said. "...
  • Governments Urged to Invest in Clean Water
    Governments need to do more to invest in clean water, the chief executive of a non-profit organization urged, with unsafe drinking water posing a risk to populations.  
  • World Energy Needs Can Be Powered by Farmland
    An Oregon State University study, published in the journal Scientific Reports, has found that if less than 1% of agricultural land was converted to solar panels, it would be sufficient to fulfill...
  • Crude Output Up at Iran's North Yaran Joint Oilfield
    The second electric submersible pump installed in a well in the North Yaran Oilfield in southern Khuzestan Province has reached a stable level, head of the field development project said. “At a...
  • Iran's NIOC Reports on Crude Oil Recovery Rates
    Increasing crude recovery rate by 1% is equivalent to adding seven billion barrels to production, says the head of the department overseeing performance of reservoirs in the National Iranian Oil...
  • Domestic Firms Help Goureh-Jask Pipeline Project Make Headway
    Close to 60% of steel pipes to wrap up the construction of a 1,100km 42-inch diameter pipeline to transfer oil to the southeastern port of Jask in Hormozgan Province will be manufactured...
  • India Crude Imports Lackluster
    India’s imports of crude oil have stalled in recent months, but the malaise in the country’s energy sector is deeper, with both coal and liquefied natural gas (LNG) also soft.   
  • Use of Fuel Cards Starts in 4 Mega Cities
    After a 2-day delay, the first phase of using fuel cards at the filling stations commenced on Tuesday (August 13) in four mega cities, namely Tehran, Karaj, Isfahan and Tabriz.  Fatemeh Kahi, head...
  • 3 Petrochem Companies Report Growth Rates
    Shimibaft Petrochemical Plant in the southern city of Mahshahr, Khuzestan Province, has increased output and reported 7% growth in the first quarter of the current calendar year (began March)...
  • Small Solar Power Plants Open in Isfahan, Alborz
    The fifth solar power plant in Isfahan Province, with 1 megawatt capacity has been connected to the national power grid. Located in Shahreza County, the new photovoltaic station is built by a...

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