Energy

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

  • Zanjan CHP Plant Comes on Stream 
    An 8-megawatt combined heat and power (CHP) plant was inaugurated in Rouyparvar Industrial Town in Zanjan Province, managing director of the provincial power company said. “The cogeneration plant...
  • Dez Hydroelectric Plant to Increase Power Generation
    The maintenance and modernization of the Dez Hydroelectric Power Plant located near Dez Dam in Khuzestan Province is underway to increase its capacity and prepare for the hot summer when power...
  • Petrochem Output, Revenues Decline
    A substantial reduction in gas supply to petrochemical plants, the sale of more goods in Iran Mercantile Exchange and a price slump in international markets have reduced the petrochemical sector’s...
  • Jofeir, Sepehr Oilfields Ready for Inauguration
    The last stage of the production test in Jofeir and Sepehr oilfields in Khuzestan Province was successfully completed on Tuesday, the managing director of Pasargad Energy Development Company said...
  • Arya Sasol Polymer Company to Increase Production, Sales
    Arya Sasol Polymer Company plans to increase its output and sales in the current fiscal year (March 2023-24), the managing director of the company said. “Last year, 1.084 million tons of products...
  • Decision to Stop DST Will Inflict $1.5 Billion Loss on Power Sector
    The Iranian Parliament’s unwise decision to abolish the law on implementing Daylight Saving Time (DST) in spring and fall is expected to raise electricity demand during peak hours by at least 2,000...
  • Brent, WTI Prices Drop
    Oil dropped on Wednesday as the market weighed potential interest rate hikes from the US Federal Reserve that could slow growth and dampen oil consumption, offsetting falling US inventories and...
  • Tehran Biogas Power Station Raises Production Capacity
    A biogas power station for units 5 and 6 of South Wastewater Treatment Plant in Tehran was inaugurated on Tuesday. It has two generators for the simultaneous production of electricity and heat...
  • Bandar Imam Petrochem Company Eyes Higher Output, Profit
    Bandar Imam Petrochemical Company in Mahshahr, Khuzestan Province, plans to invest in oil and gas fields for procuring sustainable feed to increase its output and profit in the next five years, the...
  • Projects to Convert Bandar Abbas Refinery Into Petro-Refining Complex
    Bandar Abbas Oil Refinery in Hormozgan Province has launched development plans to turn into a petro-refinery, one of which is to become a major petroleum coke producer, the managing director of the...
  • Iran Resumes Import of Diesel, Gasoline After Five Years
    To temporarily redress the growing imbalance between gasoline and diesel supply and demand, the government has started to import fuels, spokesman for the Majlis Energy Commission said. "Although...
  • Oil Steadies as Market Awaits China GDP Data
    Oil prices were steady on Monday as investors awaited Chinese economic data for signs of demand recovery in the world's second-largest oil consumer.
  • Kohgilouyeh-Boyerahmad Accelerates Petrochemical, Refining Projects
    Several petrochemical and refining projects are underway in Gachsaran County in Kohgilouyeh-Boyerahmad Province to make the county an energy hub in western Iran, the provincial governor said. “The...
  • Kermanshah Rural Gas Supply Reaches 90%
    Upon the completion of projects to supply gas to villages in Kermanshah Province last year (March 2022-23), about 90% of rural regions in the western province are now connected to the national gas...
  • Alborz Boosting Capacity of Water, Wastewater Treatment
    The second unit of Karaj Wastewater Treatment Plant in Alborz Province is near completion and will come on stream by September, the managing director of the provincial water and wastewater company...
  • Tehran, Caracas to Expand Oil Cooperation
    Iran and Venezuela have signed new memorandums of understanding to expand bilateral cooperation in oil and gas industry. Iranian Oil Minister Javad Owji and his Venezuelan counterpart Pedro Rafael...
  • Substantial Growth in Gas Swap 
    The volume of natural gas swapped between Iran and Turkmenistan soared by 385% in 2022 compared to the previous year, the managing director of the National Iranian Gas Company said. “NIGC’s...
  • Gas Supplies to Industries Increase in Yazd, Kurdestan
    More than 500 industrial units in Yazd Province were connected to the natural gas network last year (March 2022-23), the managing director of Yazd Gas Company said. “Last year, gas was supplied to...
  • Torbat-e Heydariyeh Wastewater Plant Project Progresses by 40%
    The construction of the second phase of Torbat-e Heydariyeh wastewater treatment plant in Khorasan Razavi Province has made 40% progress and will become operational in 2024, the managing director ...
  • Thermal Power Plants Smuggling Diesel
    Close to 1.5 billion liters of diesel are smuggled to neighboring countries by thermal power stations per year, spokesman for the Majlis Energy Commission said. "Given the fact that each liter of...
  • Sabalan Petrochem Company to Double Methanol Production
    Sabalan Petrochemical Company in Asalouyeh, Bushehr Province, a subsidiary of Sepehr Energy Holding Company, produced 700,000 tons of grade AA methanol in the last Iranian year (March 2022-23), and...
  • Urmia Lake Water Level Declines
    Urmia Lake’s water level is currently 1,270 meters, down 49 centimeters compared to last year’s level, the head of Integrated Water Resources Management Department at the Energy Ministry said. “...
  • Gasoline Import a Stopgap Solution
    Importing gasoline to plug fuel shortage is not feasible, as per capita gasoline consumption in Iran, with a population of 83 million, is above the global average, the head of the Energy Commission...
  • WTI, Brent Prices Stable 
    Oil prices were roughly unchanged on Monday, as investors weighed the prospect of tighter supplies from OPEC+ producers as of May against concerns about weakening global growth that may dampen fuel...
  • Bushehr NPP Prevents Power Outages
    Bushehr Nuclear Power Plant in the southern namesake city has injected close to 60 billion kilowatt hours of electricity to the national grid over the last decade, helping prevent power outages and...

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