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
  • Iran Energy Minister, China Envoy Discuss Collaboration in Water, Power Sectors
    Despite the existing constraints and difficulties Beijing is making concerted efforts to maintain trade ties with Tehran. China’s new Ambassador to Iran Chang Hua, made the statement in Tehran in...
  • US Renews Chevron License in Venezuela
    The Trump administration on Friday renewed Chevron Corp’s license for three months to drill for oil in Venezuela despite sanctions, a compromise between officials seeking maximum pressure to oust...
  • Iranian MPs Differ Over Raising Fuel Prices
    Although the three branches of government (executive, legislative and judicial) have come to the conclusion that gasoline prices should increase, there is still no consensus among MPs about the...
  • Iran Gas Company Wins 2019 National Energy Globe Award
    Private companies’ efforts in Iran are noteworthy in that they seek to develop global initiatives to help safeguard the environment. Christoph Grabmayr, the Austrian Embassy's commercial counselor...
  • China Taking Iran Oil
    China’s still importing oil from Iran weeks after the US imposed sanctions aimed at halting sales of crude from the Persian Gulf nation.  
  • Iran Has Some Hope for Gas Deal With Pakistan
    Following the contract signed between Iran and Pakistan in 1999 to complete a gas pipeline to help address Pakistan’s electricity problems, Tehran has fulfilled its commitments regarding...
  • Oil Prices Edge Up
    Oil prices nudged higher on Wednesday on rising tensions in the Persian Gulf, a sharp fall in US crude stocks and positive signs on Sino-US talks, although worries about weak demand kept a cap on...
  • Cogeneration Plant for Mazandaran
    A 7.12 megawatt combined heat and power (CHP) plant was inaugurated in Amol County, Mazandaran Province. According to the Energy Ministry news portal (Paven), Babakan Power Plant, built over 2,000...
  • Remote Regions in Lorestan Benefit From Green Energy
    Electricity demand in 12 remote towns in Khorramabad and Aligudarz counties in Lorestan Province is being met fully with the help of small-scale photovoltaic (PV) power stations, head of provincial...
  • Japan Will Continue Importing Middle East Oil
    Japan will continue importing crude oil from the Middle East despite escalating tensions in the Strait of Hormuz, but will also make efforts to diversify supply sources, Minister of Economy, Trade...
  • Iran Dams Are Emptying, Again
    The amount of water stored in dams has dwindled by 9% between May 22 and June 22. Dams across the country held 40.6 billion cubic meters of water in May, but the level fell to 37.3 bcm in June,...
  • Rise in Power Consumption Disturbing
    Power consumption hit a new record on Monday as it reached a peak of 57,681 megawatts, the Energy Ministry’s spokesman for the power department said in Tehran. “Electricity consumption has risen...
  • Connecting Baluchestan Cities, Power Plants to Gas Network
    Expanding the gas network in southeastern Sistan and Baluchestan Province is on the government agenda, the managing director of National Iranian Gas Company said. Work is underway to build and lay...
  • Gasoline Consumption at All Time High
    Gasoline consumption between 2011 and 2017 has shot up 50% that (regretfully) is big enough to be registered in the Guinness World Record, the National Iranian Oil Refining and Distribution Company...
  • China, UAE Sign Exploration, Refining Agreement
    China National Offshore Oil Co (CNOOC) has signed an agreement with Abu Dhabi National Oil Co (ADNOC) on upstream exploration and development, oil refining and liquefied natural gas trade, ADNOC...
  • Brent, WTI Rise More Than 2%
    Oil prices rose more than 2% on Monday on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the energy-rich Persian Gulf.  
  • Oil Tanker Released From Jeddah Port
    The Iranian oil tanker ‘Happiness 1’ that was held at Jeddah port in Saudi Arabia for over two months has been released.  
  • Kerman Water Project Near Completion
    The project to transfer drinking water from Safa Rud Dam to Kerman City in southern Kerman Province will be completed in two weeks, managing director of Kerman Regional Water Company said. “...
  • Smart Meter Program Making Headway
    Five million energy-intensive agricultural, households and commercial units will be equipped with smart electricity meters during the second phase of the National Smart Metering Program (known as...
  • Yazd Gas Grid Expanding to Mountain Regions
    Gas supply to Yazd Province has been expedited and almost 90% of its small towns and villages are now connected to the national gas grid, managing director of the provincial gas company said. “All...
  • Iran's PSEEZ Reports Higher Petrochemical Exports
    An estimated 1.5 million tons of petrochemicals were exported to Asia, Europe and Africa from Pars Special Economic Energy Zone, southeast of Bushehr Province, between May 22 and June 21, the head...
  • Sa’adatabad Oilfield Development Plan on Track
    Operations to increase output from Sa’adatabad Oilfield, in southern Fars Province, started Wednesday, with $18.7 million investment, managing director of the Central Iranian Oil Fields Company...
  • Birol: IEA Concerned About Tensions in Hormuz Strait
    The International Energy Agency is "significantly" concerned about geopolitical tensions, including in the Strait of Hormuz, but oil markets are currently well supplied and unlikely to see "huge...
  • Plan to Use Debit Cards to Buy Fuel Suspended
    So long as gasoline is not rationed, the plan to use bank debit cards as fuel cards is pointless and will not be implemented for now, the National Iranian Oil Products Distribution Company...
  • Iran Willing to Invest in India Refinery
    Iran is willing and ready to invest in the development of Nagapattinam refinery in Southern Tamil Nadu state, a senior Iranian diplomat said in New Delhi on Wednesday.  

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