Energy

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

4th SP Refinery to Boost Output
4th SP Refinery to Boost Output
February 08, 2023 18:21
  • Cordial Ties With Int’l Community Vital for Ensuring Energy Security
    Tapping into the huge offshore and onshore oil and gas reserves to ensure energy security requires not only massive investment, but also cutting-edge technology, neither of which is available in...
  • 4th SP Refinery to Boost Output
    The production capacity of South Pars fourth refinery will increase in the near future, the director of the refinery said. Noting that the rise in output has been planned to prevent gas shortage...
  • Gas Export to Iraq Resumes
    Iran's gas export to Iraq, which was halted for about two weeks, has been resumed, the head of dispatching operations at the National Iranian Gas Company said. “The halt of export to the...
  • Oil Steady on Subdued Dollar
    Oil prices were little changed on Wednesday amid subdued movements in the dollar, and as investors waited for more inventory data for more clues on demand trends.
  • Domestic Companies Indigenize 95% of Electricity Equipment
    About 95% of power industry equipment are currently produced by Iranian manufacturers, said Mojtaba Akbari, managing director of the specialized parent company for the management and supply of...
  • NIDC Drilling Rigs Need Upgrade
    About 60% of the drilling rigs of the National Iranian Drilling Company need to be upgraded, the vice president of NIDC said. “The NIDC has 73 drilling rigs that are operating in different regions...
  • Snow Cover Rises by 5% in Iran
    Snow cover in Iran’s six catchment areas has risen by 5% between January and February, compared with the same period of last year. According to data from the National Center for Drought and Crisis...
  • OPEC Upbeat About Oil Demand
    OPEC’s top official said he sees a “more upbeat” economic outlook as China reopens after several years of virus restrictions.
  • Over 1,000 Illegal Wells Sealed in Khorasan Razavi 
    More than 1,000 unauthorized wells in Khorasan Razavi Province have been sealed since the beginning of the current Iranian year (March 2022), the director of Protection and Operation Office of...
  • 98% of Catalysts Used in Oil Industry Indigenized
    In terms of weight, 98% of the catalysts used in the oil industry are produced by Iranian manufacturers, managing director of Petrochemical Research and Technology Company said. Pointing out that...
  • Crude Prices Spike as IEA Highlights China’s Recovery
    Oil prices hiked on Monday after falling 8% last week to more than three-week lows as concerns that slower growth in major economies may limit fuel consumption outweighed signs of a demand recovery...
  • CNG Stations Incur Natural Gas Curb Losses 
    Compressed natural gas stations across the country have sustained losses of about $4 million over the last month as the National Iranian Oil Company has restricted natural gas delivery to pumps...
  • Crude Production in Sirri Region Up 20%
    Crude oil production in Sivand and Esfand offshore oilfields off the Persian Gulf has increased by 20% or 16,000 barrels per day, the managing director of the National Iranian Oil Company said. “...
  • Domestic Firms Tasked With Developing Iran’s Second Largest Gas Field
    Pars Oil and Gas Company, a subsidiary of the National Iranian Oil Company, signed a $900m contract Saturday with domestic company Iranian Offshore Engineering and Construction Company to develop...
  • Sabalan Combined Cycle Power Plant Increases Output Capacity
    The second steam unit of Sabalan Combined Cycle Power Plant in Ardabil Province with a capacity of 160 megawatts was connected to the Iran’s national electricity network on Sunday, deputy for...
  • Green Power Generation Capacity Exceeds 1 GW
    A 10-megawatt solar power plant in Damghan County, Semnan Province was inaugurated by Energy Minister Ali Akbar Mehrabian on Friday and Iran’s renewable energy output capacity surpassed 1 gigawatt...
  • Tehran South Wastewater Treatment to Cover 4.2 Million People
    Construction of phases 7 and 8 of the South Wastewater Treatment in Tehran is underway to expand the coverage of the sewage network in Rey County, south of Tehran. The treatment plant includes...
  • Iran LPG Exports Up 50%
    Iran's liquefied petroleum gas shipments has risen by 50% to reach 310,000 tons per month, largely to Asia, since 2021. Oil Minister Javad owji made the statement in a parliamentary hearing last...
  • Brent, WTI Hike 
    Oil prices rose on Wednesday as signs of slowing inflation in the United States eased fears that the world's largest oil user may face a recession because of further interest rate hikes and a...
  • Gas to Reach Sea of Oman Coasts
    After supplying gas to the cities of Zabol and Khash in Sistan-Baluchestan Province in the past few months, the third largest gas project in the vast province will become operational soon with the...
  • Knowledge-Based Firm Indigenizes Top Drive Systems for Deep Drilling
    A knowledge-based company, based in Tehran’s Shamsabad Industrial Town, has indigenized a top drive system (TDS) that is used to drill oil and gas wells to the depth of 4,000 meters, head of the...
  • Natural Gas Exports to Iraq, Turkey Down 75%
    Natural gas exports to Iraq and Turkey has reduced by 46 million cubic meters per day, said Hamid Hosseini, the head of board of directors at Iranian Oil, Gas and Petrochemical Products Exporters’...
  • Bandar Abbas Refinery Increases Output Capacity 
    Bandar Abbas Oil Refinery in Hormozgan Province has increased its output capacity by 51% in recent years, the managing director of the refinery said. “The capacity of the refinery in Bandar Abbas...
  • Upward Trend in Iran's South Pars Natural Gas Field Production
    South Pars Gas Complex in Bushehr Province has produced 700,000 barrels of gas condensates per day during the first 10 months of the current Iranian year (March 21, 2022-Jan. 20), director of...
  • NIOC Announces Measures to Comply With Clean Air Act Regulations 
    In lines with policies to fight against air pollution, the Oil Ministry has allocated close to $20 billion not only to boost the quality of its refined products but also to collect associated...

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