The National Iranian Oil Products Distribution Company (NIOPDC) issued more than 4 million smart fuel cards during the last four months, head of the sate-run company said. “Now that gasoline…
Energy
Oil prices slipped for a third day on Wednesday as a surge in US stocks reinforced concerns about lackluster global economic growth, while hopes ebbed for any movement on the US-China trade war…
Iraq's crude production and exports continue at full throttle despite the recent violent demonstrations in the country, but analysts said the situation bears close watching as oil fields and…
Gasoline consumption should decline by at least 10% in the coming three months, head of the National Iranian Oil Products Distribution Company (NIOPDC) said. “Consumption is now at 95 million…
Domestic gas consumption jumped to new highs on Tuesday reaching 693 million cubic meters per day, dispatching director at the National Iranian Gas Company said. Mehdi Jamshidi Dana…
The Energy Ministry has signed agreements with knowledge-based firms and startups in the fields of robotics and industrial automation, deputy for research and human resources at the ministry…
Iran’s water deficit is about 130 billion cubic meters. In the best case scenario and even with higher rainfall this year, this huge shortage cannot be fixed. Thus, reducing consumption is a…
Saudi Arabia’s crude oil exports dipped to a 22-month low of 6.67 million bpd in September when the kingdom’s oil infrastructure was attacked that knocked off 5% of global daily supply for weeks…
Close to 70% of catalysts for key items in Arvand Petrochemical Complex in southern Khuzestan Province is produced by the local firms, managing director of the company said.
The 10th meeting of board of governors of the Regional Centre for Urban Water Management will be held in Tehran on December 5. Organized under the auspices of UNESCO, the meeting will be…
Several power and water projects were launched in the northern Semnan Province Monday. A 400 kV substation and 10 km of transmission line were inaugurated in Eyvanki District of Garmsar County,…
Oil prices were little changed on Monday following steady gains in the previous week with investors awaiting fresh clues over prospects for a trade deal between the United States and China,…
Dams in the southwestern and southern regions are ready to control possible floods forecast for the weekend. According to the Energy Ministry’s news portal, storage capacity of dams in…
Iranian Gas Transmission Company is set for stable supplies this winter, the managing director said. “With the completion of all development projects and routine repairs in the national network…
Compressed natural gas stations are ready to provide at least 40 million cubic meters of fuel a day, head of the Iran CNG Association said. “Now that CNG is three times (30%) cheaper than…
A total of 75,000 diesel wells will be electrified in the next three years, the program manager for developing electricity network for agricultural wells said. “The project will help save…
Oil Minister Bijan Namdar Zanganeh says the latest rationing and doubling of gasoline that started on Friday (Nov. 15) will increase annual government revenues by $2.5 billion that will be used…
Four Iranians won awards at the 5th International Invention Fair, which was a part of the 2019 Bitgaram International Exposition of Electric Power Technology (BIXPO 2019), held in Gwangju, South…
Construction of a 100-megawatt solar power plant started in Semnan on Wednesday. Built on 15,000 hectares of land by the private sector, the first phase of Shahid Hamid Bakeri photovoltaic…
Oil prices gained on Friday after OPEC’s forecast for oil demand next year fueled hopes that the producer group and allies will maintain supply cuts when they meet to discuss policy on output…
The Organization of Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said Friday, adding urgency to the oil producer group’s…
The National Iranian Oil Products Distribution Company (NIOPDC) announced Friday that gasoline has been rationed and prices raised by at least 50%.
Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency…
To fast track gas production from South Pars Gas Field in the Persian Gulf, offshore platforms of phases 23 and 24 were installed on Wednesday. Deck 23 and the satellite rig 24B, each weighing…
Petrochemical revenues have risen notably in the last four decades -- from $200,000 in 1976 to $17 billion in 2018, head of the National Petrochemical Company said. “Sale of petrochemicals,…
