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
  • Petrochemical Exports Rise
    Export of petrochemicals increased 5% in the first ten months of this year (March 2019-Feb 2020) compared to the same period last year, a spokesman of the Iranian Oil, Gas and Petrochemical...
  • Good Rainfall but Dams Deprived
    Despite the good torrential rains, the amount of water flowing into dams in Iran from the beginning of the current water year (Sept 2019) until February 28 declined 34% compared to the same period...
  • OPEC Could Deliver Larger Production Cut
    OPEC could deliver a larger-than-expected production cut at its meeting later this week, according to MUFG Bank.  
  • Oil Comes Off Lows
    Oil prices rebounded more than $1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage...
  • Water Pressure Problem Solved in Tehran
    After torrential rains in Tehran last week, potable water in Karaj and Latyan Dams became terribly muddy and water treatment plants stopped working for 14 hours, managing director of Tehran...
  • Viral Outbreak Drags Down Gasoline Use
    With the viral outbreak spreading to more cities in Iran, the demand for gasoline has been dropping over the last two weeks, head of the Planning Department of the National Iranian Oil Refining and...
  • Petrochem Firms in S. Iran Join Battle Against Coronavirus
    Petrochemical companies and chemical manufactures in Iran have raised output of javel water, medical alcohol and antiseptic solutions to degrade and defeat the deadly coronavirus. Karoun...
  • In Tavanir-SATKAB Deal Smart Meters Helping Save Electricity
    The Smart Metering Program (known as Faham in Persian) aimed at digitizing the national power grid and  provide subscribers with detailed feedback regarding electricity use, helped save 1,000...
  • Plan to Double Aghar Gas Field Output
    Raising gas production at Aghar Gas Field by 20 million cubic meters per day is on the agenda of Iranian Central Oil Fields Company, a subsidiary of the National Iranian Oil Company, the managing...
  • Coronavirus Wipes Out Iran's Oil Derivative Exports
    Export of petroleum products including mazut, diesel and gasoline has hit a trough over the past few days, spokesman of the Petroleum Products Exporters Union said. “Domestic demand for oil...
  • Solar Power for Nomads in South Khorasan
    South Khorasan governor says 10,000 solar panels will be distributed among nomads in the province. “South Khorasan nomads are a productive and influential community in the provincial economy. We...
  • As Coronavirus Spreads: Hand Washing Raises Water Use to Unusually High Levels in Iran
    Tehran Province Water and Wastewater Company (Abfa) said in a statement on Saturday that water consumption in the capital has increased dramatically in the past 10 days and appealed to Tehran...
  • Coronavirus Visiting Int’l Oil Prices
    Oil prices slumped to their lowest in more than a year on Friday and were set for their steepest weekly fall in more than four years as the spread of the coronavirus stokes fears of slowing global...
  • Tehran Water Crisis: More Rains But No Solace
    Higher precipitation in recent days has not defused Tehran’s water crisis that continues to worsen, head of the Base Studies Department in the provincial water company said. “Average rainfall in...
  • Iran’s Energy Subsidy Policy Is Dysfunctional; Clean Energy a Far Cry
    Given the highly contentious policy of subsidizing fossil fuels, clean energy will not get the voice and space it deserves, a board member of Iran Renewable Energy Association (IrREA) said. “...
  • WTI Crude Below $50 as Coronavirus Fears Deepen
    Crude oil prices gave up early gains and slid for a fourth day on Wednesday as fears of a coronavirus pandemic deepened as the outbreak spread in several countries outside China.  
  • Gilan Power Output Far Exceeds Demand
    Power plants in Gilan Province generated 12.5 million megawatt hours of electricity since March 2019, of which 53% was diverted to the neighboring provinces, head of the provincial power company...
  • OPEC+ Should Decide on Coronavirus Response Later
    Gazprom Neft CEO Alexander Dyukov said Wednesday the OPEC+ group of oil producers should respond to the impact of the coronavirus outbreak but decide on quotas later on.  
  • Floodwaters Inflict New Losses in South and SW Iran
    Heavy rains that began Monday have led to flash floods in the west and southwest of Iran, causing damage to infrastructure in some provinces. In western Lorestan Province, 37 villages are...
  • Power Plants' Gas Supply Normal
    Gas delivery to thermal power plants has soared by 200% over the last few days, rising from 40 million cubic meters per day to 120 mcm/d, dispatching director of National Iranian Gas Company said...
  • Global Demand Bolstering LNG's Growing Role
    Global demand for LNG grew by 12.5% to 359 million tons in 2019, according to Royal Dutch Shell’s latest annual LNG Outlook, bolstering LNG’s growing role in the transition to a lower-carbon energy...
  • Work Begins on Restoring Bu Ali Sina Petrochem Plant
    Restoration of the damaged facilities in Bu Ali Sina Petrochemical Complex in Mahshahr City, Khuzestan Province, which caught fire over three years ago, has started, the Managing Director Mohammad...
  • Phase 11 of South Pars Gas Field Moving Forward
    The platform jacket for the Phase 11 of South Pars Gas Field is ready in Qeshm Island and will be installed on its location in the Persian Gulf before the current Iranian year is out (March 19),...
  • Fighting a Losing Battle
    Diverting water from the Caspian Sea or Sea of Oman to the drought-stricken provinces cannot curb the growing menace of land subsidence so long as extraction from underground water resources does...
  • Brent, WTI Prices Skid on Demand Concerns
    Oil prices tumbled nearly 3% towards a one-week low on Monday as the rapid spread of the coronavirus in several countries outside China left investors fretting about a hit to demand.  

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