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
  • Smart Meter Initiative on Track 
    To complete the second phase of the National Smart Metering Program, a contract has been signed between government-affiliated Power Generation, Distribution and Transmission Company (Tavanir) and...
  • Oil Prices Up After Basra Spill, But Log Weekly Dip
    Oil prices rose slightly on Friday as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb...
  • Hamedan’s Long-Awaited Water Plan to Come on Stream Soon
    Pipe-laying work to divert water from Talvar Dam in Kurdestan Province to regions in Hamedan is complete and the long-awaited plant will be inaugurated soon, managing director of Hamedan Province...
  • Gas Supply to Power Plants Up 6%
    Gas supply to power plants increased by 6% in the first two months of this summer (June 22-Aug. 22) compared with the same period of last year, the head of the National Iranian Gas Company’s...
  • Thermal Power Plants Begin Overhaul 
    Operations to repair and overhaul thermal power plants have started, director general of the Technical Office at the Thermal Power Plants Holding Company said. “Overhaul starts every year in...
  • Reduction of Snowfall Exacerbating Groundwater Resources 
    Reduction of snowfall in Iran has exacerbated the critical condition of dwindling groundwater resources, said the head of the Water Affairs Faculty at Shahid Chamran University in Ahvaz, Khuzestan...
  • Robust Oil Demand Predicted
    OPEC is still forecasting robust oil demand growth of 3.1 million bpd for 2022 and a further 2.7 million bpd in 2023, despite concerns of a recession, buoyed by "still-solid" economic performance...
  • WTI, Brent Prices Edge Lower
    Oil prices inched lower on Wednesday on concerns of another US Federal Reserve interest rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC...
  • Persian Gulf Star Refinery Increases Gasoline Output
    The ongoing development programs at the Persian Gulf Star Refinery in the southern Hormozgan Province has helped increase its gasoline production in the first half of the current fiscal year (March...
  • Forouzan Oil Output Set to Rise 
    Drilling operations at the second well, as part of the development program of Forouzan offshore oilfield in the Persian Gulf, is complete and ready to start oil production, managing director of...
  • Satba Obliged to Pave Way for Renewable Energy Investors 
    The Renewable Energy and Energy Efficiency Organization (Satba) is obliged to prepare the ground for private sector investment in and the export of renewables. Energy Minister Ali Akbar Mehrabian...
  • Amir Kabir Petrochem Company Operating Income Increases 
    Amirkabir Petrochemical Company in Mahshahr, Khuzestan Province, has increased its operating income during the first five months of the current Iranian year (March 21-Aug. 22) compared with the...
  • CNG Conversion Scheme Helps NIOPDC Save Fuel, Cut Costs
    Converting 213,000 gasoline-powered public transportation and commercial vehicles into compressed natural gas hybrids has helped save 370 million liters of gasoline over the last two years, the...
  • Northeast Power Output Increases
    The first gas unit of Rashed combined-cycle power plant in Torbat Heidarieh County has been connected to the electricity grid, deputy for projects development at the Thermal Power Plants Holding...
  • Marjan Petrochem Company Reduces Pollution, Expenses
    Marjan Petrochemical Company has achieved the knowhow of designing and manufacturing burners of furnaces for methanol production.
  • Brent, WTI Ease Amid China Covid-19 Curbs
    Oil prices fell on Monday with the global fuel demand outlook overshadowed by Covid-19 restrictions in China and the potential for further interest rate hikes in the United States and Europe. 
  • Tehran Refinery Focused on Harnessing Reclaimed Sewage
    A development project to replace depleting municipal water with treated wastewater in Tehran Oil Refining Company has made 53% progress, the head of the refining company said. “The huge refinery...
  • Persian Gulf Water Transfer to Fars Province Underway
    The project to transfer water from the Persian Gulf to Fars Province, especially to Lamerd County, is underway, managing director of Lamerd Special Economic Zone said. “With an investment of $500...
  • Technology, Cultural Awareness Missing in Energy Optimization 
    Lack of access to cutting-edge technology in household and industrial sectors, and the absence of cultural awareness regarding energy optimization have placed Iran among the most energy inefficient...
  • Dilapidated Fuel Nozzles Causing Long Queues at Pumps 
    At least 25% of filling stations across the country are facing serious problems, as they do not have spare parts to repair old fuel nozzles, the head of Gasoline Station Owners Association said. “...
  • Three Desalination Plants Under Construction in Hormozgan 
    To supply rural residents of the southern Hormozgan Province with piped water, the construction of three desalination plants with a capacity of 34,000 cubic meters per day is underway, the head of...
  • KPC Indigenizes Chemical for Laminating Adhesives
    Karun Petrochemical Company in Khuzestan Province has indigenized another polyurethane product, which is the 19th item localized by the company. The KLM100-C product has been manufactured in...
  • Oil Prices Increase Amid Russian Supply Threats
    Oil prices rose on Friday, as investors considered Russia's threat to halt oil and gas exports to some buyers, but crude was set for a second straight weekly decline as central banks' aggressive...
  • Renewed Call for Employing Modern Oil Recovery Methods
    A 1% increase in crude recovery rate will raise Iran’s oil extraction capacity by 800 million barrels, the former managing director of Central Iranian Oil Fields Company said. “Iran is sitting on...
  • 12th Iran Int’l Renewable Energy Exhibit Scheduled
    The 12th Iran International Renewable Energy and Energy Efficiency Exhibition is scheduled to open on Sept. 12 at the Tehran International Fairground. A total of 97 domestic and foreign companies...

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