Energy

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

  • Oil Gains as Storm Causes US Gulf Production Halts
    Oil prices rose on Monday as a tropical storm in the Gulf of Mexico forced companies to evacuate rigs and halt production, but gains were kept in check by wider concerns about excess supply and...
  • Share of Desalinated Water Rising in Rural Hormozgan
    To help ease water shortages in southern Hormozgan Province, supply of desalinated water to small towns will increase by almost 30% or 40,000 cubic meters per day to reach 170,000 cm/d in October,...
  • UAE Fails to Comply With Output Cuts
    The United Arab Emirates, currently OPEC’s third-largest producer, is estimated to have exported a lot more crude oil in August as it produced more than its quota under the OPEC+ deal, undermining...
  • Dam Water Levels Plunge
    Since the beginning of the current water year last September the amount of water in dams around Tehran has plunged by 100 million cubic meters compared to the same period last year, head of...
  • ROUHANI
    President Hassan Rouhani addressed universities in an online speech on Sunday, marking the start of a coronavirus-affected academic year.  
  • 10 Companies Building Bushehr Nuclear Power Plant 2nd Unit
    Work for pouring concrete at the site of the second unit of Bushehr Nuclear Power Plant in the southern namesake city shows 82% progress, the project manager said Sunday. “Ten domestic companies...
  • 3 Petrochemical Projects Come Online
    Three petrochemical projects became operational in the past week and will help complete the value chain of the key industry as the country gradually moves away from an oil economy to exporting...
  • Water Shortages and Pollution Punishing Asalouyeh Residents
    Despite the huge oil and gas resources in Asalouyeh County in Bushehr Province, local residents suffer from major problems, namely water shortages and air pollution. For years water in summer is...
  • Gas Condensate Terminal Opens in Qeshm Island
    The first phase of a gas condensate loading and export facility became operational on Thursday in Dayrestan, a village in Shahab District, Qeshm Island in Hormozgan Province. The terminal has six...
  • Oil Extends Losses as Stockpiles Rise Amid Weakening Demand
    Oil prices fell for a second day on Friday, pressured by a surprise rise in US stockpiles as the coronavirus pandemic continues to erode demand for fuels.  
  • Report Awaited on Prospects for Iran-Russia Electricity Agreement
    A study on the synchronization of Iran’s and Russian electricity networks is to be completed in the next few months and if all goes well executive operation will begin, the energy minister said...
  • SP Gas Condensate Goes Largely to Major Refiner
    South Pars Gas Complex produces 650,000 barrels of gas condensates per day, a major part (500,000 barrels) of which is piped to the Persian Gulf Star Refinery in Hormozgan Province to be converted...
  • Kerman to Get Sea Water in Oct
    The first phase of a project to transfer water from the Persian Gulf to Kerman and Yazd provinces will be launched in October, thanks to the concerted efforts of private and state companies,...
  • Oil Prices Reverse Some Losses, But Demand Concerns Persist
    Oil futures clawed back some of the losses they sustained in the previous session, but a rebound in Covid-19 cases in some countries undermined hopes for a steady recovery in global demand.  
  • Entire Isfahan Province Linked to Gas Grid
    With piped gas supply to 116 villages in Isfahan Province in the last seven years, the majority of its rural population now have access to stable gas supplies. More than 26,000 kilometers of gas...
  • 6% Growth in Petrochem Output
    Iran's petrochemical industry is moving ahead as data show an upswing in production in recent months from last year's corresponding period, director of production control department at the National...
  • Oil Skids as Demand Optimism Fades
    Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about...
  • Gas Main Source of Power Generation
    Supplying natural gas, instead diesel and mazut, to power plants, has doubled to 200 million cubic meters per day since 2013, the National Iranian Gas Company chief said.  “Natural gas accounted...
  • Electricity Production Rising in Yazd
    Two solar farms and two small-scale power stations were inaugurated in Yazd Province on Monday. A 5 megawatt farm came online in Nir, a town in Taft County, and a 10 MW photovoltaic power center...
  • Warning Against Free Electricity Plan
    Free or subsidized electricity cannot help tackle the array economic ills and challenges, but wrong policies will certainly lead to more complex issues, a veteran economist says. Denouncing the...
  • Construction of Biggest Solar Farm Underway in Fars Province
    Construction of Iran’s largest solar farm has begun in the north of Fars Province, the governor said. “The project is being carried out by Merat International Group in cooperation with foreign...
  • Barely 2% of LPG Output Used in Transportation Sector
    After gasoline was rationed last November and the price of non-subsidized fuel doubled, some motorists turned to using other types of fuels for their cars such as compressed natural gas and...
  • Gasoline Quality Conforms to EU Standards: NIODC
    The level of the hazardous elements in gasoline in Iran complies with quantity set by the European Union emission standards, spokesman of the National Iranian Oil Products Distribution Company said...
  • 310 Megawatts Added to Kermanshah Power Output
    The second 310-megawatt gas unit of Dalahou Combined Cycle Power Plant in Eslamabad-e-Gharb County in Kermanshah Province, started operation Thursday as part of the government’s power...
  • Oil Near $44, Heads for Weekly Drop as Demand Concerns Rise
    Oil held around $44 a barrel on Friday and was heading for its biggest weekly decline since June, as weak demand figures added to concerns of a slow recovery from the COVID-19 pandemic.  

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