Daily gas production capacity in Khangiran Gas Field in Khorasan Razavi Province will increase by 2.5 million cubic meters in three months, managing director of the East Oil and Gas Production…
Energy
The latest attack on Saudi oil installations will push up the war risk insurance, thereby increasing the total cost of deliveries as freight rates also have an upside potential amid likely…
Iran will invest $40 billion in the petrochemical sector to increase annual output from the current 66 million tons to 133 million tons over six years, managing director of the National…
The pattern of deficits in underground water resources in Fars Province is approaching appalling levels and is closer to the one billion cubic meters, says the managing director of the…
Pipe laying work for the ninth Iran Gas Trunkline (IGAT-9) is over, director of District 7 of Iran’s Gas Transmission Company said.
Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Persian Gulf War in 1991, after an attack on Saudi oil facilities on Saturday shut over 5%…
An innovation by an Iranian scholar received the top award at the 4th International Invention Innovation Competition in Canada, iCAN 2019.
Power consumption fell below 40,000 megawatts at the weekend after 127 days as temperatures dropped across the country. Consumption had surpassed 40,000 MW in May and increased gradually until…
Domestic companies will start operations to develop Phase 11 of the South Pars Gas Field in the Persian Gulf in October, managing director of Pars Oil and Gas Company, a subsidiary of state-…
Saudi Arabia shut down half its oil production Saturday after a series of drone strikes hit the world’s largest oil processing facility in an attack claimed by Yemen’s Houthi fighters. The…
Russia’s first-floating nuclear power plant has arrived at its permanent base near an isolated Russian town across the Bering Strait from Alaska, Russian state nuclear energy company Rosatom…
Iran’s largest mobile power plant will be linked to the national grid next month, the deputy for supervisory affairs at the National Water and Wastewater Engineering Company of Iran (Abfa) said…
Isfahan Power Plant in the eponymous central province will soon get treated wastewater for its cooling towers, managing director of the provincial electric company said. "The plant’s wastewater…
In a renewed push to cut dependence on fossil fuels, the Indian government wants state-run companies to build massive clean energy parks at a cost of around $2 billion each. The proposed ultra…
Diverting water from the Oman Sea to alleviate the water crisis in Sistan-Baluchestan, South Khorasan and Khorasan Razavi provinces is on the agenda, but it should not be the last resort, deputy…
Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company, signed a $440m contract Saturday with domestic company Petropars to develop Belal Gas Field in the Persian Gulf. The…
Several water and power projects were inaugurated in central Yazd Province on Thursday. Twenty power distribution and transmission projects, completed at the weekend, include feeder…
Crude oil futures were marginally lower during mid-morning trade in Asia Friday after an OPEC meeting on Thursday that saw no further cuts in crude production and bearish market reports on oil…
Supplying natural gas to Europe via a pipeline from Turkey is on the National Iranian Gas Company's agenda, the CEO said. "The infrastructure is in place and talks are underway with private…
As per law, vehicle owners should be charged an extra amount at pumps for filling up their tanks, head of Iran Gas Station Owners Union said. "According to the $37.6 billion budget for the…
The Energy Ministry is rewriting policy to increase the guaranteed purchase price of renewable power by 30% by next month, spokesman of Iran’s Renewable Energy and Energy Efficiency Organization…
Global oil demand will peak in three years, plateau until around 2030 and then decline sharply, energy adviser DNV GL— the world's leading classification society and a recognized advisor for the…
Since the beginning of the current water year (September 23, 2018) precipitation has risen 101%. While rainfall has surpassed 340 millimeters in the 12-month period, it barely reached 169…
Oil futures rose slightly on Tuesday to their highest levels in almost six weeks on optimism that OPEC and other producing countries may agree to extend output cuts to support prices. Brent was…
Total energy produced in Iran in 2016 was equal to energy that is produced by burning 3.4 billion barrels of crude oil, up 18% compared to 2015. Iran Fuel Conservation Company, a subsidiary of…
