Crude oil production in Sivand and Esfand offshore oilfields off the Persian Gulf has increased by 20% or 16,000 barrels per day, the managing director of the National Iranian Oil Company said…
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
The second steam unit of Sabalan Combined Cycle Power Plant in Ardabil Province with a capacity of 160 megawatts was connected to the Iran’s national electricity network on Sunday, deputy for…
Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company, signed a $900m contract Saturday with domestic company Iranian Offshore Engineering and Construction Company to…
Construction of phases 7 and 8 of the South Wastewater Treatment in Tehran is underway to expand the coverage of the sewage network in Rey County, south of Tehran. The treatment plant includes…
A 10-megawatt solar power plant in Damghan County, Semnan Province was inaugurated by Energy Minister Ali Akbar Mehrabian on Friday and Iran’s renewable energy output capacity surpassed 1…
Iran's liquefied petroleum gas shipments has risen by 50% to reach 310,000 tons per month, largely to Asia, since 2021. Oil Minister Javad owji made the statement in a parliamentary hearing…
A knowledge-based company, based in Tehran’s Shamsabad Industrial Town, has indigenized a top drive system (TDS) that is used to drill oil and gas wells to the depth of 4,000 meters, head of the…
Oil prices rose on Wednesday as signs of slowing inflation in the United States eased fears that the world's largest oil user may face a recession because of further interest rate hikes and a…
Natural gas exports to Iraq and Turkey has reduced by 46 million cubic meters per day, said Hamid Hosseini, the head of board of directors at Iranian Oil, Gas and Petrochemical Products…
After supplying gas to the cities of Zabol and Khash in Sistan-Baluchestan Province in the past few months, the third largest gas project in the vast province will become operational soon with…
Bandar Abbas Oil Refinery in Hormozgan Province has increased its output capacity by 51% in recent years, the managing director of the refinery said. “The capacity of the refinery in Bandar…
South Pars Gas Complex in Bushehr Province has produced 700,000 barrels of gas condensates per day during the first 10 months of the current Iranian year (March 21, 2022-Jan. 20), director of…
In lines with policies to fight against air pollution, the Oil Ministry has allocated close to $20 billion not only to boost the quality of its refined products but also to collect associated…
Energy efficiency and renewable energy policies can substantially reduce the demand for and supply of energy generated from fossil fuels namely natural gas, oil and coal-fired power plants.
The National Iranian Oil Company is projected to sell 1.4 million barrels per day of crude oil at $85 as per the budget law of next Iranian year (March 2023-24), partly by using a barter system…
Adopting a floating pricing mechanism for feedstock delivered to the petrochemical sector is necessary to help sustain production and guarantee long-term profit, the head of Masjed Soleyman…
Despite freezing temperatures and heavy snowfalls in different parts of Iran, which have led to a record high gas consumption, the gas grid is stable throughout the country, although a slight…
The Energy Ministry has approved the transfer of 50 million cubic meters of water from the Shahriar Dam in Mianeh County, East Azarbaijan Province, to Ardabil Province, the representative of…
As long as the Financial Action Task Force, the global anti-money laundering watchdog, does not remove Iran from its blacklist, the country cannot have a say in the global oil and gas markets,…
The National Iranian Gas Company has restricted compressed natural gas delivery to pumps across the nation, especially in northern provinces namely North Khorasan, Golestan, South Khorasan,…
Executive operations to build a Polyvinyl Chloride Suspension Resin (SPVC) unit, with a production capacity of 300,000 tons a year, are expected to start in March at the Arvand Petrochemical…
President Ebrahim Raisi inaugurated 11 power transmission and distribution projects in the central Yazd Province on Thursday.
Gas consumption in the commercial and household sectors reached 700 million cubic meters per day on Jan. 12, the managing director of the National Iranian Gas Company said. “The high…
Petrochemical plants’ foreign exchange revenues have reduced and they are losing market share to rivals because their access to natural gas as feedstock has either been totally cut or severely…
The construction of 4,000 solar systems, each with a capacity of 5 kilowatts, for supporting organizations supplying power to households will start in Yazd Province at the weekend, the spokesman…
