Energy

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

  • China Will Impose 5% Tariff on US Crude
    China's plans to levy 5% tariff on US crude imports from September 1 caused a drop in benchmark crude prices Friday, jeopardized seaborne US crude shipments heading to China and limited buying...
  • Rural Gas Grid Has New Customers
    In line with the government's goal of linking 90% of suburban homes to the national gas network by 2022, the grid is passing through rugged mountain areas in Yazd, Gilan, Kurdestan, Semnan and Fars...
  • Iran Cutting Dependency on Foreign Equipment, Parts
    National Iranian Drilling Company, a subsidiary of the National Iranian Oil Company, is collaborating with 230 local manufacturers, especially in Khuzestan Province, to indigenize drilling...
  • Water Wells in Hamadan Being Equipped With Smart Meters
    Almost 4,447 smart meters have been installed on authorized water wells in Hamadan Province, the managing director of Hamedan Regional Water Company said. "The agriculture sector accounts for 74%...
  • No Justification for Suspending Use of Bank Debit Cards as Fuel Cards
    The plan to use bank debit cards as fuel cards could have prevented the issuance of at least 10 million smart fuel cards and saved a lot of money. It remains unclear why its implementation was...
  • Energy Ministry’s Unpaid Bills Rise
    Approximately $454 million is added to the Energy Ministry's debt to the private sector every year, the Energy Ministry’s spokesman for the power department said. "Although the ministry paid $1...
  • Brent, WTI Prices Gain
    Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in US crude inventories, but lingering worries about a possible global recession...
  • Zero Flaring Projects Deliver
    To reduce gas flaring in Khuzestan Province to zero the construction of a plant to collect 1.5 million cubic meters of associated petroleum gas, or APG, per annum is completed, managing director of...
  • Pipeline Gas Loses Market Share as LNG Surges
    Norway’s Equinor and Russia’s Gazprom, Europe’s largest suppliers of pipeline gas, have lost market share as a result of the LNG import surge that has occurred over the past 10 months.  
  • Power Projects Expand in North, Northwest
    A new small-scale power plant with distributed generation system joined the national grid in Anzali Free Zone, Gilan Province, the managing director of Gilan Regional Electric Company said. “With...
  • Hot Summer No Bar to Iran Power Export
    Despite the fact that electricity demand jumped up over the last two months, the Energy Ministry exported 2.5 million kilowatt hours of power between May 22 and August 11. Energy Minister Reza...
  • Australia Contributing Generously to Global Carbon Emissions
    Despite claims from politicians that Australia’s contribution to global carbon emissions is not that big, the country ranks third in the world in terms of fossil fuel exports by carbon dioxide...
  • Road-Building Projects Waiting for Free Bitumen
    While many road construction projects are on hold waiting for free asphalt (bitumen) from the government, a great deal of tar produced inside the country is exported, the people’s representative...
  • Chinese Investment in Nigerian Oil at $16 Billion
    Chinese investments in the oil and gas industry of Nigeria have reached $16 billion, according to a senior official at the Nigerian National Petroleum Corporation, but the industry needs even more...
  • $1.7b Invested to Build 20 Power Plants in Iran
    By the end of the current fiscal year (March 2020) 20 power plants will come online soon, the Energy Minister said. With total capacity of 3,000 megawatts, the plants are under construction in 13...
  • Iran: 2,600% Rise in Number of Banned Plains
    Rapidly declining water resources has impelled the government to increase the number of plains from which water withdrawal is banned from 15 in 1968 to 405 now -- up 2,600%. “The number is...
  • War-Weary Afghanistan Seeks Iran Help in Rebuilding Power Infrastructure
    Afghan minister of water and energy has invited private companies in Iran’s power sector to help his war-ravaged country rebuild its electricity infrastructure.  Mohammad Gul Khulmi, who met with...
  • South Khorasan Strongly Pushing Water, Power, Wastewater Agenda
    The Energy Ministry has 1360 water, power and wastewater projects in South Khorasan Province that have registered average progress of 40%, the energy minister said Thursday. In his trip to the...
  • Appalling Waste of Energy in Buildings
    Buildings account for a significant share of energy waste (almost 50%) in Iran including households, commercial sectors, private companies and state organizations.  Close to 2.4% of the world's...
  • What Role for Oil in Private Sector?
    Private sector in Iran cannot make miracles happen in international oil business under the sanctions regime as it was never trained for a large and unknown market. Head of the Iranian Oil Products...
  • Stopgap Fuel Card Rules Unhelpful
    So long as gas station attendants' cards are usable, the plan to reintroduce fuel cards cannot be implemented efficiently and transparently, a board member of Al-Zahra University in Tehran said. "...
  • Governments Urged to Invest in Clean Water
    Governments need to do more to invest in clean water, the chief executive of a non-profit organization urged, with unsafe drinking water posing a risk to populations.  
  • Rural Electrification Noteworthy
    The number of rural areas linked to the national power grid has increased by 13 fold or 1.200% over the past four decades, the manager in charge of rural electricity expansion at the Power...
  • Oman's First Wind Farm Begins Generating Electricity
    Oman’s first wind farm, the 50-MW Dhofar Wind Farm, has produced its first kilowatt hour of electricity, marking a major milestone for the (Persian) Gulf Cooperation Council region’s first utility-...
  • South Pars Gas Field to Boost Output
    In line with plans to boost gas output from South Pars Gas Field in the Persian Gulf, the third offshore deck of SP Phase 23 was shipped Wednesday to its designated location, the deputy in charge...

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