To help meet domestic power demand, electricity exports to neighboring states, including Iraq, Afghanistan, Pakistan and Azerbaijan, have been reduced by 40%, the spokesman of the power industry…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The first well in the development plan of Maroun 1 and 4 oilfields has started production, the head of the North Drilling Company of Iran said. “The well has a production capacity of 1,500…
Projects are underway to increase Iran’s gas production by 50% until 2028, the managing director of the National Iranian Oil Company said.
Oil prices eased around 1% on Monday after rising in the previous session, as investors focused on short-term demand concerns stemming from crucial upcoming US inflation data and refinery…
The development of the Yadavaran joint oilfield is expected to resume in the next Iranian year (March 2023-24) with a credit line of $400 million, the director of the development project said…
Selling natural gas as feedstock to methanol companies at unreasonably high prices ($1.7 per cubic meter) has minimized their profit margin and pushed them to the brink of bankruptcy, the head…
In order to alleviate water stress in Isfahan Province, the project to transfer water from the Sea of Oman to the tourist province is in its preliminary stages, Isfahan’s governor general said…
Urmia Lake holds 1 billion cubic meters of water, which is 32 bcm lower compared to 1996 when it stored 33 bcm, an environment and water expert said.
The first gas-powered unit of Mobarakeh Steel Company’s combined-cycle power plant will be connected to the national grid in March, the head of power projects in the largest steel company of…
The executive operation of the carbon dioxide recycling project at Fanavaran Petrochemical Company in Khuzestan Province has started last weekend. Iran’s largest environmental project in the…
Two gas-powered units of Mahtab Kavir combined-cycle power plant in Zarand County, Kerman Province, were synchronized with the national grid on Thursday, the Thermal Power Plants Holding Company…
The National Iranian South Oil Company (as the employer), the Oil Industry Pension Fund Investment Company (as the contractor) and Iran Liquefied Natural Gas Company (as the operator) have…
The executive operation of a project to transfer water to Jiroft and Anbarabad cities in Kerman Province from the Jiroft Dam started on Feb. 9. The project is expected to be completed in three…
The production capacity of South Pars fourth refinery will increase in the near future, the director of the refinery said.
Oil prices were little changed on Wednesday amid subdued movements in the dollar, and as investors waited for more inventory data for more clues on demand trends. Brent crude futures rose by…
Iran's gas export to Iraq, which was halted for about two weeks, has been resumed, the head of dispatching operations at the National Iranian Gas Company said. “The halt of export to the…
Tapping into the huge offshore and onshore oil and gas reserves to ensure energy security requires not only massive investment, but also cutting-edge technology, neither of which is available in…
Snow cover in Iran’s six catchment areas has risen by 5% between January and February, compared with the same period of last year. According to data from the National Center for Drought and…
About 95% of power industry equipment are currently produced by Iranian manufacturers, said Mojtaba Akbari, managing director of the specialized parent company for the management and supply of…
OPEC’s top official said he sees a “more upbeat” economic outlook as China reopens after several years of virus restrictions. “There is a positive mood and optimism, which I must always say is…
About 60% of the drilling rigs of the National Iranian Drilling Company need to be upgraded, the vice president of NIDC said. “The NIDC has 73 drilling rigs that are operating in different…
Oil prices hiked on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand…
More than 1,000 unauthorized wells in Khorasan Razavi Province have been sealed since the beginning of the current Iranian year (March 2022), the director of Protection and Operation Office of…
Compressed natural gas stations across the country have sustained losses of about $4 million over the last month as the National Iranian Oil Company has restricted natural gas delivery to pumps…
In terms of weight, 98% of the catalysts used in the oil industry are produced by Iranian manufacturers, managing director of Petrochemical Research and Technology Company said.
