Energy

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

  • OPEC Cuts Have Oil Market on Path
    The oil market is on its way to rebalancing, and the 1.2 million barrels per day in supply cuts by OPEC and its allies will be enough to finish the job in the first half of this year, UAE Energy...
  • Indian Refiners Pay for Iranian Oil in Rupees
    India has begun paying Iran for oil in rupees, a senior bank official said Tuesday, the first such payments since the United States imposed new sanctions against Tehran in November.
  • Wind Farm Launched in East Azerbaijan Province
    The first phase of Iran’s second largest wind farm, with 50 MW power generation capacity, was launched on Monday in Aqkand village, East Azerbaijan Province. The plant has 20 modern turbines of 2....
  • Iran Could End Gasoline Import As Domestic Output Peaks
    Gasoline imports could likely end by September if all goes well and there is no sharp spike in domestic consumption, CEO of the National Iranian Oil Refining and Distribution Company said. "...
  • Norway Oil, Gas Investments to Peak
    Total investments in oil and gas in Norway are set for a second annual increase in 2019, but this year will likely be the peak of oil investments on the Norwegian Continental Shelf, as investments...
  • Rooftop Solar Panels Underpin Household Income in S. Khorasan
    Households in some deprived regions in South Khorasan Province that have built solar panels on their rooftops are earning almost $75 per month, the head of the provincial Regional Electricity...
  • Need for Energy Efficient Designing and Construction
    An energy expert on construction affairs says inefficient construction methods that disregard regional characteristics in building homes has led to massive energy waste in Iran.  "Firstly, home...
  • Oil Ministry Still Positive About Pak Gas Project
    Extended financial constraints in and procrastination by Islamabad notwithstanding, energy officials in Tehran are still hopeful that the long-delayed gas project with Pakistan will eventually see...
  • Nationwide Euro-4 Diesel Distribution by March
    The National Iranian Oil Products Distribution Company has plans to distribute 28 million liters of Euro-4 diesel nationwide on a daily basis by the end of the current fiscal in March, said the...
  • Brent, WTI Rise on Supply Cuts
    Oil prices rose by more than 1% on Monday, lifted by optimism that talks could soon resolve the trade war between the United States and China, while supply cuts by major producers also supported...
  • Sistan-Baluchestan Dams Have 22% Water
    Decades of drought and steep decline in precipitation have caused water levels in Sistan-Baluchestan Province's seven dams to fall to 429 million cubic meters, almost 22% of the total capacity of 1...
  • NIDC Fast Tracking Indigenization of Equipment
    National Iranian Drilling Company has indigenized 5,000 more drilling parts in collaboration with domestic manufacturers and engineers over the past two decades,  the head of NIDC's Technology and...
  • Venezuela Taps Obscure US Drillers
    With brand-name drillers unwilling to jump in, Venezuela is resorting to a newly formed US company for help in shoring up production from its crude reserves, the largest in the world.
  • Indian Co. Finds More Oil in Colombia
    India's ONGC Videsh Limited has recorded its second oil discovery in Colombia, at onshore block CPO-5 located in the oil-rich Llanos Basin, company officials said Monday.  
  • Gas Co. Power Plant in Ilam Supports National Grid
    Ilam Gas Processing Company's power plant generated 67,000 megawatt hours of electricity in the last six months raising revenue and at the same time helping the national grid meet summer demand,...
  • 1000 MW Solar Farm Planned in Saveh
    The largest solar farm, with a capacity to produce 1,000 megawatts of electricity, will be constructed in Markazi Province in central Iran, deputy governor for economic affairs said in the...
  • Afghan Deputy Minister Holds Helmand Water Talks in Tehran
    Iran and Afghanistan started a new round of talks on water sharing from the Hirmand (also known as Helmand) River and its tributary. Afghan deputy minister of water, Khan Mohammad Takal conferred...
  • 1,150+ Petrochem Plants to Become Operational in Asia, Mideast
    The global petrochemical industry is poised for solid growth over the next nine years, with nearly 1,158 planned and announced plants slated to come online primarily in Asia and the Middle East...
  • Water Loss Reaches Epic Proportions
    Annual water loss in urban areas (25%) is of epic proportions, director of the Consumption Management Office at the National Water and Wastewater Engineering Company said in Mashhad on Saturday. “...
  • Oil, LNG Trade at Stake in US-China Talks
    Trade talks resuming Monday between the US and China could signal whether crude and LNG flows will pick up between the two countries this year or stay mired in the trade dispute.
  • Subsea Pipelaying Operations of 3 South Pars Phases Complete
    Subsea pipe laying of the second main pipeline of phases 22-24 of the South Pars Gas Field in the Persian Gulf hve been completed, the three phases’ development manager Farhad Izadjoo said. Now...
  • Turkey Crude Imports Set for Shake-Up
    Turkey's crude oil import profile is set for major changes this year following the re-imposition of US sanctions against its main crude supplier, Iran, coupled with the commissioning of Socar's new...
  • OPEC Sends Fewer Oil Cargo to US
    OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show.
  • Oil Rises After China Says Will Talk to US
    Oil rose towards $57 a barrel on Friday after China said it would hold talks with the United States to look for solutions to a trade dispute, while signs of lower crude supply also supported prices...
  • More Customers for Iran Oil Despite US Spite
    The eight traditional customers that got a waiver from the US to continue importing specific quantities of Iranian oil are fully compliant with the sanctions, Iran's deputy oil minister for trade...

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