Energy

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

  • Power Growth Rate Slows in Agro Sector
    Despite the fact that electricity consumption growth shot up by 2.5% in 2018 compared to the year earlier, it fell by 2.6% in comparison with the average of the last ten years.  
  • Bandar Abbas Water Desalination Plant Expansion Underway
    The second development phase of Bandar Abbas water desalination unit will be completed in September, Bandar Abbas governor in Hormozgan Province said. "Its capacity will double and reach 40,000...
  • Oil Prices Rise
    Brent crude rose on Tuesday, after earlier falling to its lowest since January, as traders betting on falling prices bought back contracts to lock in profits from recent declines caused by the...
  • Big Boost for South Pars Infrastructure
    To boost production in the giant South Pars Gas Field in the Persian Gulf, stability of the gas grid will be raised by the end of this fiscal year in March 2020), managing director of the National...
  • Emergency Water Supply to Kerman in 2 Months
    The project to supply water to Kerman City, in southern Kerman Province, will be completed in two months, the managing director of the National Water and Wastewater Engineering Company said. “...
  • Oman to Significantly Boost Oil and Condensate Output
    Petroleum Development Oman, the largest oil and condensate producer in the sultanate, is on track to increase its output capacity by more than 10% to top 670,000 bpd in five years as it ramps up...
  • Digital Electricity Meters For Kordestan Agro Sector
    An estimated 4,500 energy-intensive agricultural units and households have been equipped with smart electricity meters (known as Faham in Persian) in the mountainous province of Kordestan, head of...
  • Water Treatment Plant for County in Kohkilouyeh-Boyer-Ahmad
    A water treatment plant with a capacity of 1,200 cubic meters opened in underdeveloped Sarfaryab District in Charam County, Kohkilouyeh-Boyer-Ahmad Province, managing director of the provincial...
  • NIOCED Expanding Interaction With Academia, Knowledge-Based Firms
    The National Iranian Oil Company Exploration Directorate signed four research contracts with universities and knowledge-based companies in Mashhad, Khorasan Razavi Province.  The weekend...
  • Power Outages End
    Power outages during peak hours declined by 98% since March to July compared to the same period last year, the Energy Ministry’s spokesman for the power department said.  
  • Gasoline Self-Sufficiency Paves Way for Export
    The wildest dream of the National Iranian Oil Refining and Distribution Company of self-reliance in gasoline production and export has finally come true. The company's output now exceeds...
  • Big Success in Harnessing Hydropower
    Hydropower production in the first quarter (March 21-June 20) of the current fiscal year has increased 415% compared to the same period last year. While hydroelectric power plants across the...
  • Oil Majors Shift to Natural Gas Becomes a Headache
    The world’s biggest oil companies have been steadily shifting investments toward natural gas, driven by an emerging globally traded market and environmental concerns. But right now they are taking...
  • Power, Gas Infrastructure Making Its Mark in East Azarbaijan Regions
    Thirty-five projects, worth of $1 billion were launched in East Azarbaijan Province Thursday. Power production capacity has reached 81,700 megawatts from 62,000 MW six years ago, President Hassan...
  • Iran Gas Dispute With Turkmenistan Unresolved
    The National Iranian Gas Company filed a lawsuit against Turkmengaz, the national gas company of Turkmenistan, last year in the International Court of Arbitration. Despite rumors in sections of...
  • Progress in South Pars Phase 13 Development
    To complete development project in Phase 13 of South Pars Gas Field, loading operations for the field's tripod for flare stack 'A' to be transferred and installed in the Persian Gulf were carried...
  • Saudi, Iraqi Sept. Crude OSP Cuts
    A sharp recovery in oil product margins over July may lead Saudi Aramco and Iraq's SOMO to tone down the extent of price cuts on crude oil headed to Asia in September, a survey of market...
  • Iran 7th in Global Power Wastage Index
    Power wastage in the national electricity grid declined from 15.2% to 11.1% between 2013 and 2018. Nonetheless, Iran is still among countries in which massive amounts of power is wasted. If the...
  • Yazd DG Power Plant Joins National Grid
    A new small-scale power plant with distributed generation system has joined the national grid in Abarkouh County, Yazd Province on Wednesday, managing director of the provincial electricity...
  • Surge in India’s Import of Venezuelan Oil
    India imported in June the highest volume of Venezuelan crude in 21 months, more than double the amount from May and more than 50% higher than in June 2018, Reuters reported on Monday, citing data...
  • Sistan Rural Regions Lack Piped Water
    An estimated 1,260 villages in Sistan-Baluchistan Province lack piped water, director of the provincial regional water company said. “Close to 251,000 rural people are being supplied with safe...
  • Power Plant in West Tehran Raises Output
    A new gas unit in Tarasht Thermal Power Plant west of Tehran came on line Monday, managing director of Iran's Thermal Power Plants Holding Company said.  
  • 1,100km Pipeline to Link Jask Port to Oil Terminal in Bushehr
    Construction of a 1,100km 42-inch diameter pipeline to transfer crude oil to the southeastern port of Jask in Hormozgan Province is going ahead as planned, managing director of the Petroleum...
  • NIDC Releases 5-Month Report
    The National Iranian Drilling Company has drilled and repaired 51 onshore and offshore oil and gas wells since the beginning of the current fiscal in March, the company’s deputy managing director...
  • Siemens Gas Turbine Maintenance Undertaken by Domestic Engineers
    Iran has acquired the know-how to repair Siemens gas turbines and local engineers can now carry out all the maintenance work of the turbines, head of the National Iranian Gas Transmission Company...

Pages

Financialtribune.com