Energy

iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.

  • OPEC+ Ready to Balance Markets
    The UAE’s energy minister said on Monday OPEC+ is keen on providing the world with the oil supply it needs, driving home the message that the alliance of top producers will always be in a position...
  • Jam Petrochemical Company Attends German Trade Fair
    Jam Petrochemical Company participated in the world's largest trade fair for the plastics and rubber industry, K 2022, which was held on October 19-26 in Dusseldorf, Germany. As one of the biggest...
  • Brent, WTI Prices Decline 
    Oil prices fell over $1 on Monday following weaker-than-expected factory activity data out of China and on concerns its widening Covid-19 curbs will curtail demand.
  • Mashhad Drought Unprecedented
    Precipitation in Khorasan Razavi Province has plummeted by a massive 60% over the last two years, which is unprecedented in the past 50 years, managing director of Mashhad Water and Wastewater...
  • Tabriz Water Supply Project Progresses by 80 Percent 
    A major water supply project in Tabriz, East Azarbaijan Province, dubbed Tabriz Water Ring, has registered 80% progress and could be launched by the end of the current Iranian year (March 2023) to...
  • Gasoline Consumption Down 20%
    Demand for gasoline declined by 20% in the past 30 days after summer holiday trips ended, the head of Iran Gas Station Owners Union said. “Consumption, which had soared [between July and September...
  • Sahand Combined-Cycle Power Station Development Plan on Track
    The construction of steam unit at the Sahand combined-cycle power station in East Azarbaijan Province has registered a work-in-progress rate of 45% and is expected to be linked with the national...
  • Gasoline Production in Petrochem Plants a Recipe for Disaster 
    Allowing petrochemical plants to produce gasoline is the worst strategy to overcome the deficit caused by growing consumption, said former managing director of the National Iranian Oil Refining and...
  • Power Projects Worth $250m Underway in Khuzestan
    To prevent industrial townships and households from the adverse impact of voltage fluctuations in Khuzestan Province, power projects worth $250 million have been launched, the head of Iran Power...
  • Oil Giants' Substantial Profits Revive Calls for Windfall Taxes
    Global energy giants, including Exxon Mobil Corp and Chevron Corp, posted another round of huge quarterly profits, benefiting from surging natural gas and fuel prices that have boosted inflation...
  • Over 7 bcm of Gas Exported to Turkey in Nine Months
    Iran exported more than 7 billion cubic meters of gas to Turkey in the past nine months. According to a report by Eurostat, the EU news commission, Iran’s natural gas exports to Turkey in the...
  • Smart Meters for All Ilam Water Wells 
    Plans are underway to equip all the water wells in Ilam Province with smart meters, Ilam’s governor said. “There are more than 2,000 wells in the province. Of these, 40 wells are located in the...
  • NIDC Undertakes 57 Drilling, Repair Operations in 7 Months
    The National Iranian Drilling Company has drilled 57 oil and gas wells in the onshore and offshore oil-rich regions of the country in the current Iranian year’s first seven months (March 21-Oct. 22...
  • Installed Power Capacity Hit 90 GW
    Close to 1,000 megawatts of new electricity generation capacity were added to the national grid, as President Ebrahim Raisi inaugurated six steam and gas units in five power stations across the...
  • Increasing Gas Export Without Drawing Investment Delusional
    As long as Iran does not establish good relations with the international community, increasing natural gas export capacity will remain a dream, a former deputy oil minister for international and...
  • 10 Gilan Power Projects Underway
    Ten electricity projects with an investment of $33.3 million are underway in Gilan Province, managing director of Gilan Regional Power Company said. “The projects are expected to be completed by...
  • WTI, Brent Decline on US Crude Stockpile Buildup
    Oil prices eased on Wednesday after industry data showed US crude stockpiles rose more than expected, but losses were capped by supply worries. 
  • $120m Allocated for Ilam Gas Refinery’s 2nd Phase 
    The government’s Economic Council has approved $120 million worth of investment in the second phase of Ilam Gas Refinery, which should be financed by the National Iranian Gas Company. The...
  • Precipitation Declines by 44%
    Since the beginning of the current water year (Sept. 23), only 3 millimeters of rainfall have been registered across Iran, which shows a 44% decrease compared with the same period of last year, the...
  • Carbon Neutrality Unfeasible Without Global Collaboration
    Achieving global decarbonization to stabilize the climate depends not only on technical and scientific collaboration of all beneficiaries but also their genuine political will and investment in...
  • World Facing First Truly Int’l Energy Crisis: IEA
    Tightening markets for liquefied natural gas worldwide and major oil producers cutting supply have put the world in the middle of the first truly international energy crisis, the head of the...
  • Low Share of Iran From Persian Gulf Water Desalination
    About 50 million cubic meters of freshwater are produced via desalination in the Middle East. While the share of Persian Gulf is about 24%, most of which pertains to Arab littoral states, Iran’s...
  • Iran to Export 40 Turbines to Russia
    A contract has been signed between Iran and Russia, based on which 40 turbines manufactured domestically will be exported to Russia, managing director of Iranian Gas Engineering and Development...
  • SPGC Processes Over 2,300 bcm of Natural Gas in 24 Years
    More than 2,300 billion cubic meters of natural gas have been processed in the refineries of the South Pars Gas Field since it became operational in 1998, managing director of South Pars Gas...
  • Oil Prices Drop More Than 1%
    Oil prices slid more than 1% on Monday after Chinese data showed that demand from the world's largest crude importer remained lackluster in September as strict Covid-19 policies and fuel export...

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