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.
Energy
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…
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…
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…
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…
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…
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…
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. Global…
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…
Underground water resources are depleting at unprecedented speed in Yazd Province, head of the provincial company said. “Underground water level is falling by 45 centimeters per year,” Mohammad…
An online oil pollution monitoring system has been installed at the oil dock of Shahid Rajaee Port in southern Hormozgan Province, director general of Hormozgan Ports and Maritime Organization…
Encouraging policies to promote prudent power consumption helped the Energy Ministry to export more electricity in 2019, head of Iran Power Generation, Distribution and Transmission Company (…
Gas consumption in thermal power plants shot up 24% between 2014 and 2019 as the National Iranian Oil Company substantially raised gas output during the period, especially in the South Pars Gas…
The Persian Gulf Petrochemical Industries Company is carrying out projects that are in different stages of construction, the company’s managing director said. “PGPIC does not take projects that…
Gas-powered power plants generate over 80% of Iran’s electricity and if there are problems with natural gas supplies to these units there will be power outages. This issue can and should be…
Crude refining capacity in Iran, including gas condensates, is 2.3 million barrels a day, director of the National Iranian Oil Refining and Distribution Company said. “The capacity shows 43%…
Oil prices fell around 1% on Friday, pressured by growing worries about fuel demand as a coronavirus epidemic spread further beyond China, and as major crude producers appeared to be in no rush…
Oman, the biggest Middle East oil producer outside OPEC, awarded France's Total and Thailand's PTTEP rights to explore and develop non-associated gas deposits in the sultanate, which is ramping…
A study undertaken by the Iranian National Standards Organization on gasoline quality between November 2019 and January 2020 indicates the fuel contains acceptable levels of sulfur and other…
Goureh-Jask oil transfer project has registered 25% progress and is expected to be completed by 2022, managing director of the Petroleum Engineering and Development Co., a subsidiary of the…
Equipped with advanced equipment, the National Iranian Drilling Company is able and willing to expand the scale and scope of its activity in offshore and onshore oilfields. The company’s…
Iran's shipping fleet requires at least 40,000 tons of low-sulphur fuels per month to comply with the International Maritime Organization’s new regulations demanding a 0.5% global sulphur cap…
In the past dams were built with the aim of ensuring irrigation, power generation and supplying potable water. But now the attitude towards mega-dams has changed significantly, managing director…
Oil prices changed little Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major…
Decline in electricity output due to high gas consumption in the household sector will have adverse effects on the power export, vice president of Iran Electrical Industry Syndicate said. “…
