Gas, electricity and water networks in Tehran Province were spared by the earthquake that jolted the capital in the early hours on Friday. The 5.1-magnitude quake struck the densely populated…
Energy
Oil prices gained on Friday as more countries began relaxing restrictions put in place to halt the coronavirus pandemic, raising hopes that demand for crude and its products will start to pick…
Low US oil prices have prompted a significant downward revision of the US natural gas liquids (NGL) production over the next few years, which may increase liquefied petroleum gas (LPG) import…
Following the recent announcement to expand infrastructure for promoting compressed natural gas use in vehicles by a deputy director of the National Iranian Oil Refining and Distribution Company…
Close to $1 billion has been spent on Urmia Lake Restoration Program over the last five years, an official involved in the Urmia Lake Restoration Program said. Masoud Tajrishi, the ULRP…
Oil rose above $31 a barrel on Wednesday as hopes for a recovery in demand as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in US inventories.…
A solar power plant in Yazd Province will come online by the end of summer, managing director of Yazd Regional Electricity Company said.
“The 10 megawatt farm will increase solar power…
Low precipitation in Sistan-Baluchestan Province in the last eight months is posing new challenges to agribusiness in the dry region, a lawmaker from Zabol said. “Rain fed agriculture is out of…
A Russian pipe-laying ship that could help finish the Nord Stream 2 gas link to Europe has anchored at the Baltic Sea port of Kaliningrad after sailing for three months from the Pacific. The…
Oil prices jumped again on Tuesday on hopes for a recovery in vehicle traffic and fuel demand as some European and Asian countries along with several US states began to ease coronavirus lockdown…
A project to construct a pipeline to transfer natural gas to Kish Island in south Iran is being carried out by the Pars Oil and Gas Company, a subsidiary of National Iranian Oil Company, an…
Brazil’s Petrobras set a new oil exports record of 1 million barrels per day in April, as domestic demand plunged, the state-controlled oil firm said on Monday, days after a large group of other…
Oil prices fell in early trade on Monday, paring last week’s gains, on worries the global oil glut may persist as US-China trade tension could hold back an economic recovery even as coronavirus…
To help improve power supply in Lorestan Province (especially in summertime), the second gas unit of Khorramabad Combined Cycle Power Plant became operational on Monday, head of the Department…
The Oil Ministry is expanding infrastructure to increase use of compressed natural gas in vehicles, a deputy director of National Iranian Oil Refining and Distribution Company said Sunday.
The National Iranian Drilling Company can have a stronger presence in offshore and onshore oilfields, managing director of the firm said. “Our drilling fleet is growing in number and making…
Installed capacity of West Regional Electricity Company (WREC), which supplies to Ilam, Kermanshah and Kordestan provinces, will rise by 25% by next March, managing director of the company said…
OPEC’s crude production surged by the most in almost 30 years last month as its biggest members fought to dominate a global market devastated by the coronavirus crisis. Saudi Arabia, the…
China’s March crude oil imports from top supplier Saudi Arabia fell 1.6% from a year earlier, while purchases from No. 2 supplier Russia rose 31%, Reuters’ calculations based on customs data…
The onshore refinery of South Pars Gas Field Phase 14 in the Persian Gulf will come on stream by June 2021, the program manager of the phase said. “The project to construct the refinery has…
Exxon Mobil Corp and Chevron Corp are slamming the brakes on oil output, as the top two US producers plan for combined global shut-ins of 800,000 barrels per day in response to plunging crude…
Russian crude and condensate production totaled 46.45 million tons in April, according to data released Saturday by the Central Dispatching Unit of the Russian Energy Ministry. This is…
The coronavirus lockdown will cause the biggest drop in energy demand in history, with only renewables managing to increase output through the crisis, Bloomberg reported.
Despite the good rains since last year, 75% of the country's plains remain dry, director general of water conservation affairs at Iran Water Resources Management Company said.
Oil prices jumped on Friday, extending the previous session’s gains, buoyed by a lower-than-expected gain in US crude inventories and the start of output cuts in a bid to offset a slump in fuel…
