Royal Dutch Shell said it will write down between $15 billion and $22 billion in the second quarter, as the company gave investors a wider glimpse of just how severely the coronavirus crisis has…
Energy
Hydroelectric power plants generated over 10% of total electricity production in Iran as consumption continues to rise, said the deputy for operation affairs at Iran Water and Power Resources…
Increasing the efficiency of power plants is one of the priorities of the Energy Ministry as construction of new power plants is much more expensive than raising the efficiency of the current…
To help address water shortages in Hormozgan Province, a water desalination unit is being completed in the village of Ziarat in the central district of Bandar Lengeh, managing director of the…
To reduce demand for fresh water in the arid province of Isfahan, an agreement was signed on Tuesday between the National Water and Wastewater Engineering Company of Iran (Abfa) and Isfahan…
As OPEC and its allies make their deepest cuts yet to crude production, Norway’s giant Johan Sverdrup oil field is exporting more than ever before. Crude loadings from the field are set at a…
India, the third-biggest oil consumer, expects fuel demand to return to normal earlier than projections by the International Energy Agency and OPEC.
Studies are underway to redesign gas turbines in power plants so that gas condensate can be used as feedstock instead of natural gas, a deputy energy minister said. “Our engineers and…
Tehran Province Water and Wastewater Company plans to build wastewater treatment plants in some districts, the managing director said. “A memorandum of understanding was signed with the Tehran…
The International Court of Arbitration (ICA) announced its verdict over the Iran-Turkmenistan gas row. IRNA said based on information from the Oil Ministry and the National Iranian Gas Company…
A second wave of Covid-19 infections in China’s capital is threatening to depress the nation’s appetite for American oil just after a pick-up in purchases. Signs of weakening demand from the…
Oil prices were on course for their sixth straight day of falls on Friday, dragged lower by a surge in US crude inventories, timid demand and doubts over the ability of producers to coordinate…
So long as electricity export is the exclusive premise of the Energy Ministry, the power industry will remain far on the periphery due to the obvious reluctance of private firms to get involved…
Construction of Masjed Soleyman Petrochemical Company's ammonium and urea units in Khuzestan Province is almost over and will come online by the end of the current fiscal year (March 2021),…
Construction of Jask Export Terminal has registered 40% progress, the oil minister said at the weekend. “We hope the project will be completed by the end of the year (March 2021) so that…
Despite the rise in evaporation in Urmia Lake catchment area, the water level is stable and things are normal for now, head of Urmia Lake Restoration Project said Saturday.
Global nuclear generating capacity was 391.1 gigawatts as of December 31, 2019, with 443 operational reactors in 30 countries, a fall of 4.5 GW from 386.6 GW at the end of 2018, the…
The total liquid fuel delivered to the power plants across Iran last year (ended March 19) was 13.8 billion liters, of which about 4.3 billion liters were mazut and 9.5 billion liters diesel,…
European refiners are shunning Russia’s flagship crude grade Urals, which is now more expensive than Brent Crude after Russia cut its exports as part of the OPEC+ agreement, oil traders told…
The largest oil company in the United States is preparing to let go between 5% and 10% of its US-based employees subject to performance reviewed, anonymous sources told Bloomberg. Exxon’s job…
The US shale industry is about to enter a period of “great compression” as low oil prices hammer the sector, according to a Deloitte study released Wednesday.
The average efficiency of thermal power plants reached 38.58% last year (ended in March), which was 0.48% more than the year before, managing director of Iran's Thermal Power Plants Holding…
Oil prices rose on Friday, extending gains on optimism about a recovery in fuel demand worldwide, despite a surge in coronavirus infections worldwide and signs of a revival in US crude…
To help complete the value chain in the petrochemical sector, Miandoab Petrochemical Complex in West Azarbaijan Province became operational on Thursday, managing director of the plant said.
Oil futures were mixed on Wednesday as concerns about oversupply in the market, stoked by a rise in US crude inventories, were offset by a drop in gasoline stocks that lifted hopes for fuel…
