Energy

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

  • Iran: Red Flag for Gas Consumption
    Decline in electricity output due to high gas consumption in the household sector will have adverse effects on the power export, vice president of Iran Electrical Industry Syndicate said. “Power...
  • Oil Prices Steady as Coronavirus-Related Demand Concerns Weigh
    Oil prices changed little Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China were offset by expectations that output cuts from major...
  • South Pars Raises Gas Condensate Output
    Gas condensate output from the South Pars Gas Field in the first 10 months (March-Dec 2019) of the currency fiscal year increased by 5% compared to the corresponding period a year ago, managing...
  • NIOC Halts Selling Liquefied Fuel on IRENEX
    Due to the big increase in liquefied fuel consumption over the last few weeks, the National Iranian Oil Company has stopped selling diesel and mazut on the Iran Energy Exchange, the company’s...
  • Time to Replace 90,000 km Corroded Water Pipelines
    Close to 90,000 kilometers of pipelines in the national water grid are old and dilapidated and must be replaced. The national water network in cities stretches over 155,000 kilometers, of which...
  • Indigenizing Oil Industry Equipment Making Progress
    South Zagros Oil and Gas Production Company, a subsidiary of the National Iranian Oil Company, has manufactured and repaired 1,500 parts used in the oil and gas industry with the help of domestic...
  • Blessing or Curse?
    Iran holds the world's second biggest natural gas reserves after Russia. Gas production has surpassed 870 million cubic meters per day and a large number of city and village dwellers are supplied...
  • LNG Producers Need to Find New Markets
    LNG producers are encouraged to cut supply amid the global glut that is helping drive down prices in Asia, or push more volumes to markets beyond Europe, perhaps Latin America.  
  • Yazd Power Use Growing in Leaps and Bounds
    Power consumption in Yazd Province with a population of around 1.2 million has risen 57 times over the last four decades, managing director of Yazd Regional Electricity Company said. “Consumption...
  • US Again Gives Iraq Sanctions Waiver for Iran Gas Imports
    The United States has granted Iraq a 45-day sanctions waiver enabling the country to continue importing vital Iranian gas and electricity supplies.  
  • Final Phase of 1,200 km Ethylene Pipeline Completed
    The project to connect Tabriz Petrochemical Company to the West Ethylene Pipeline was officially inaugurated on Thursday in the last and final phase of the major pipeline.  This pipeline is 1,200...
  • Portable Gas Pressure Reducing Station for Tehran
    Tehran Province Gas Company (TPGC) has produced the first portable city gate station (a kind of pressure reducing station) in collaboration with Petro Gas Parsa Company,  head of the provincial...
  • Two Refineries to Produce Petroleum Coke
    Two petroleum coke production units will be built in Bandar Abbas and Imam Khomeini refineries where 700,000 tons per year of needle and sponge coke for the steel and aluminum industries will be...
  • CNG Conversion Plan for 1.4m Vehicles
    National Iranian Oil Refining and Distribution Company has launched an initiative to convert 1.4 million gasoline-powered vehicles (pickup trucks, taxis and vans) to compressed natural gas hybrids...
  • Freak Weather Cuts Off Water, Power, Gas in Several Regions
    Heavy snow in northern Gilan Province in the last few days has killed seven people, blocked roads and cut off electricity to 200,000 subscribers. About 200 villages have no power, many of them are...
  • CNG Use Expanding
    Domestic compressed natural gas consumption has reached 25 million cubic meters a day, indicating 31% rise compared to the 19 mcm/d before gasoline was rationed and pump prices increased in mid-...
  • Oil Rebounds Amid Broad Market Recovery
    Oil prices rose around 1% on Tuesday in sympathy with a rally in equity markets but investors remained jittery over the Wuhan virus that has now killed over 1,000 in China.   
  • Isfahan Refinery Using Urban Sewage
    Isfahan Oil Refining Company's wastewater treatment unit has started operations to help address the water problems of the refinery, the managing director said. "The plant, with a capacity of 750...
  • Work in Progress at South Pars Gas Field
    Decks 13A and 13C of South Pars Gas Field Phase 13 were loaded at the Iran Marine Industrial Company, also known as SADRA, in Bushehr Province on Monday.  
  • $3b Invested in Khuzestan APG Treatment Plant
    A major plan for collecting and processing associated petroleum gas in the Bidboland Persian Gulf Gas Refinery, in Behbahan County, Khuzestan Province, will come on stream in spring. Over $3...
  • Power Outages Possible if Gas Use Not Cut
    Close to 51.5 million cubic meters of natural gas was consumed per day in thermal power plants between March and December 2019, the Energy Ministry spokesman for power department said. “Daily...
  • Gov’t Starts Selling Energy-Efficient ACs
    To stabilize power supply and avoid outages in the southern regions in summer, the Energy Ministry has started replacing one million old air conditioning systems with energy efficient machines, the...
  • Iran Oil Ministry Has No Plans to Boost LPG Output
    Despite the fact that liquefied petroleum gas is good for auto engines, Oil Minister Bijan Namdar Zanganeh says so long as cars can run on compressed natural gas, LPG should be used for other...
  • Waste-to-Energy Map Shows Slow, Steady Progress
    In the next budget bill, $74 million will be earmarked for generating energy from waste, lawmaker Qasem Ahmadi Lashaki said. “Annually, 21 million tons of household waste, 32 million tons...
  • Iran: NIOC, Mapna Sign $1.3b Oilfield Contract
    Iranian National Oil Company and Mapna Group-- Iran's top engineering and energy firm -- signed a contract to develop Parsi and Paranj Oilfields in Khuzestan Province. The deal was signed in...

Pages

Financialtribune.com