Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

  • South Khorasan Building 1st Coal-Fired Power Plant
    The construction of Tabas coal-fired power plant in South Khorasan Province is underway, the head of the Thermal Power Plant Holding Company said. “We have ordered the boiler of the plant from a...
  • Nat’l Grid Power Loss Declining
    The Power Generation, Distribution and Transmission Company (Tavanir) has reduced power loss in Iran’s distribution and transmission network by renovating aging equipment, electric cables, utility...
  • Goldman Cuts Crude Forecast 
    Goldman Sachs, an American multinational investment bank and financial services company, lowered its oil price forecast by $10 to $100 per barrel for the fourth quarter of 2022, citing rising Covid...
  • Drilling of Geothermal Wells to Continue at Sabalan Mountain
    The National Iranian Drilling Company will drill three more geothermal wells on Sabalan Mountain in Meshkinshahr, Ardabil Province, within the framework of cooperation with the Oil and Energy...
  • OPEC+ Output Hike Talks Denied
    Saudi Arabia on Monday said OPEC+ was sticking with oil output cuts and could take further measures to balance the market amid falling prices, denying a report it was considering boosting output,...
  • Shazand Power Plant Starts Burning Mazut Before Winter
    Shazand thermal power plant in Markazi Province has started burning mazut since 10 days ago, 37 days sooner than the time it began using the liquid fuel last year. A steam turbine power plant with...
  • Domestic Firms to Produce Power Generation Machinery, Equipment
    Ten domestic companies have signed at least four contracts on the sidelines of the 22nd Iran International Electricity Exhibition that opened on Nov. 20 at Tehran’s International Fairground in the...
  • Oil Prices Near 2-Month Lows
    Oil prices dropped to trade near two-month lows on Monday, having earlier slid by around $1 a barrel, as supply fears receded while concerns over fuel demand from China and US dollar strength...
  • Bidbland Gas Refinery to Build Wastewater Treatment Plant in Behbahan
    The Persian Gulf Bidbland Gas Refining Company in Khuzestan Province, located 17 km from Behbahan-Ramhormoz road, will build the Behbahan Wastewater Treatment Plant with a capacity of 28,000 cubic...
  • Iran, Russia to Commence Electricity Exchange Soon
    Operations to synchronize the electricity grids of Iran and Russia have been conducted successfully and the two states will start exchange exchange soon. Iran’s Energy Minister Ali Akbar Mehrabian...
  • Caspian Sea Fast-Shrinking Cause for Concern
    The level of Earth's largest inland body of water registered a 27-centimeter decline in 2021, the head of the National Center for Research and Studies of the Caspian Sea, affiliated to the Energy...
  • South Pars Annual Production of Odorant to Reach 2,000 Tons 
    The project to build a gas condensate concentration unit at the third refinery of South Pars Gas Field for feeding the mercaptan unit is underway, which will raise the annual output of gas odorants...
  • Academic Wary of Looming Natural Gas Shortfall
    Natural gas supply shortfall in Iran is expected to surpass 400 million cubic meters per day by 2030, a professor at the Sharif University of Technology said. “Daily gas shortfall is currently 240...
  • Substantial Growth in Hydro, Biomass Power Purchase Prices
    The state-run Renewable Energy and Energy Efficiency Organization (Satba) has substantially increased the guaranteed purchase prices for hydro and biomass power generated by private companies...
  • Water From Azad Dam to Reach Sanandaj Soon
    The project to transfer water from Azad Dam to Sanandaj water treatment plant is in its final stages, director of the project said. “The project, which included the installation of a 27-km water...
  • Oil Rebounds as Dollar Dips
    Oil rebounded on Friday as the dollar dipped, but prices were on track for a steep weekly decline on concerns about weakening demand in China and further interest rate hikes by the US Federal...
  • Collaboration With Startups to Boost Catalyst Indigenization 
    Iran annually needs 29,000 tons of catalysts worth $700 million for the petrochemical, refining and gas sectors, the head of the Catalyst Technology Development Department of the Research Institute...
  • Pardis Petrochem Company’s Annual Imports Reach $1.3 Billion 
    Pardis Petrochemical Company in the southern Bushehr Province exported $1.3 billion worth of products in the last fiscal year (September 2021-22) and supplied about $400 million worth of goods to...
  • Iran to Host Int’l Electricity Expo 
    The 22nd Iran International Electricity Exhibition will open on Nov. 20 at the Tehran International Exhibition Center with the participation of 372 domestic and foreign companies. According to...
  • WTI, Brent Prices Slip
    Oil prices slid on Wednesday as Covid-19 cases in China continued to climb, sparking worries of lower fuel demand in the world's top crude importer that outweighed concerns about an escalation of...
  • Petrochem Production Rises 7%, Exports Surge 13% in 7 Months
    Iran’s petrochemical production and exports have registered a 7% and 13% growth respectively in the current fiscal year’s first seven months (March 21-Oct. 22) compared to a year ago, secretary-...
  • Power Generation Capacity to Register 97 GW Next Summer
    Power output capacity in Iran, which stands at 90,000 MW now, is planned to increase by 7,787 megawatts next summer, a deputy energy minister said.
  • $17 Million Allocated for Golestan Rural Water Projects 
    Golestan Water and Wastewater Company has allocated $17 million for water supply to 432 villages in the northeastern province, managing director of the company said. “So far, 170 kilometers of...
  • Ray of Hope for Urmia Lake
    Amid the crushing disappointment of Lake Urmia’s gradual disappearance, a wastewater development project in Tabriz, East Azarbaijan Province, is about to offer a ray of hope to revive the troubled...
  • Chamshir Dam, Hydropower Plant to Be Launched in 3 Months
    The construction of Chamshir Dam and hydroelectric power plant in Gachsaran County, Kohgilouyeh-Boyerahmad Province, has made 93% progress and is expected to be launched by February 2023. Chamshir...

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