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
  • Tehran Oil Refinery Adds Butane to Product Lines
    Tehran Oil Refining Company has started producing butane, chief of marketing and sales at the company said. “The company has succeeded in adding this valuable and widely used item to its product...
  • Arvand Petrochemical Company Exporting PVC, Caustic Soda to ME Countries
    Arvand Petrochemical Company in Mahshahr, Khuzestan Province, exports a part of its polyvinyl chloride (PVC) and caustic soda output to some Middle Eastern countries such as Turkey, in addition to...
  • Ministry Denies Cyberattack on Dam Monitoring Systems
    Iran’s Energy Ministry ruled out the possibility of a cyber-strike on the data monitoring, collecting and analyzing systems of the country's dams where a series of technical glitches were reported...
  • Brent Slumps Under $80
    Brent slid nearly 4% to below $80 a barrel on Friday as a new Covid-19 variant spooked investors, adding to concerns that a global supply surplus could swell in the first quarter following the...
  • Spike in Natural Gas Tariffs
    The Oil Ministry’s proposal to hike natural gas tariffs in the household sector has been ratified by the Cabinet, based on which the vital commodity’ price will rise on average by 40%, a spokesman...
  • BIPC Raises VCM Production
    Bandar Imam Petrochemical Company in southwestern Khuzestan Province has increased its daily output of vinyl chloride monomer (VCM) by 70 tons after the successful overhaul of the VCM unit,...
  • Gas Supply to Cement Plants Halted
    Following plans to sustain natural gas supply to households in the winter, the National Iranian Gas Company has cut gas delivery to cement factories, the head of Cement Employers Association said...
  • US Challenges OPEC+ With Release of Crude Reserves
    The administration of US President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and...
  • Gasoline Consumption Reaches 21 Billion Liters in 7 Months
    Iranians burnt as much as 21 billion liters of gasoline between March 22 and Nov. 22, up 14% or 2.6 billion liters compared with the corresponding period of last year, the head of the National...
  • NIDC Drills 46 Wells Nationwide
    The National Iranian Drilling Company has drilled 46 oil and gas wells in the onshore and offshore oil-rich regions of the country in the current Iranian year’s first eight months (March 21-Nov. 21...
  • 150-MW Small-Scale Power Stations for Khuzestan
    A memorandum of understanding for the construction of 150-megawatt small-scale power plants has been signed between the Khuzestan Regional Electricity Company and Safat Energy Yazd Company (Safatco...
  • Abadan Refinery to Curb Mazut Output, Increase Euro-5 Gasoline Production
    The first development phase of Abadan Refinery in Khuzestan Province, which is expected to be completed by March 2022, will not only help improve environmental conditions but also increase the...
  • OPEC+ Unable to Meet US Demand
    US pressure on OPEC+ to pump more oil and cool red-hot crude prices has shone a spotlight on a relatively new problem for the producer group, as it does not have much extra capacity to hike output...
  • Kamandan Dam in Lorestan Set for March 2022 Inauguration
    The construction of Kamandan Dam in Azna County, Lorestan Province, has been completed and its reservoir is ready to be filled with water, the representative of Doroud and Azna in the parliament...
  • Thermal Power Plants Receiving Liquid Fuel for Winter
    Almost 70% of the thermal power plants' liquid fuel storage tanks have been filled so that they do not face shortage of feedstock during the cold season when there may not be enough gas to feed...
  • Khorasan Coal-Fired Power Station to Help Diversify Electricity Sources
    To diversify its sources of electricity, the Energy Ministry is making concerted efforts to complete the construction of the first coal-fired power plant near the city of Tabas in South Khorasan...
  • Brent, WTI Prices Off 7-Week Lows
    Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the Covid-19 situation in Europe worsened, raising concerns...
  • Iran, Azerbaijan to Finalize Deals for Oil, Gas Cooperation
    Iran and Azerbaijan are expected to finalize a number of energy agreements, including the joint development of oilfields in the Caspian Sea. Oil Minister Javad Owji made the statement after...
  • Varamin Plain Suffering From Water Shortage, Land Subsidence
    Fertile lands of Varamin Plain, 40 km southeast of the capital, in the recent past were irrigated with water from Jajroud River, but with the construction of Latyan and Mamlou dams and the lack of...
  • Lower CNG Delivery to Pumps Likely
    The National Iranian Gas Company will likely restrict compressed natural gas delivery to pumps, if domestic gas consumption surpasses 650 million cubic meters per day, the head of the Iran CNG...
  • New SPM Buoy to Boost SP Exports
    A new single point mooring (SPM) system has become operational off the coast of Kangan County in southern Bushehr Province to boost gas condensate loading capacity and exports via large vessels,...
  • Birjand Wastewater Plant Near Completion
    The second phase of Birjand Wastewater Treatment Plant has registered 90% progress and is expected to come on stream by January 2022, managing director of South Khorasan Water and Wastewater...
  • As long as the US economic blockade is in place, Iran will not be able to comply with international agreements aimed at tackling climate change, which will be to the detriment of regional states,...
  • Last SP Onshore Refinery to Become Operational by January 2022
    The operation of the first gas sweetening train of Phase 14 refinery in the giant South Pars Gas Field by January 2022 is of high priority for the National Iranian Oil Company, the company’s deputy...
  • Project Underway to Raise Output at Sepehr, Jufair Oilfields
    Fath-27 drilling rig has recently started drilling operations in the Sepehr and Jufair oilfields in Khuzestan Province, as the fourth rig employed in the development project of the field.  

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