Natural gas processing capacity in Iran has reached 900 million cubic meters a day, the coordinating manager at the National Iranian Gas Company said. “Gas refineries went under major…
Energy
Manufacturers of oil and gas equipment and machinery have the potential to generate $5 billion in export revenue a year, head of the Iranian Oil Equipment Manufacturers' Association said.
Karoon Oil and Gas Production Company has invested over $1 billion to collect 95% of its gas emissions, the managing director said. Using mobile oil treaters, the KOGPC, in southwestern…
National Iranian Oil Products Distribution Company and Bank Mellat signed an agreement on Sunday to contribute to a plan to convert gasoline-based vehicles to hybrid CNG engines.
Following plans to sustain and stabilize natural gas supply to households in the winter season, the National Iranian Gas Company has cut gas delivery to cement factories across the country.…
Rationing gasoline and raising pump prices by 200% that started on Nov. 15 will have no substantial effect on curbing fuel smuggling, says a deputy chief of the Goods and Foreign Exchange Anti-…
The European Union agreed to cut its total emissions to net-zero by 2050 after ten hours of debate as Eastern European states demanded financial help to hit the target. Reuters reported that…
More than 12,000 parts and equipment used in the oil industry have been indigenized, managing director of the National Iranian South Oil Company said Friday.
Chevron, the largest US oil group, announced it has approved the development of a deepwater high-pressure oil project in the Anchor oil field in the US Gulf of Mexico, which will require $5.7…
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies…
The average efficiency of thermal power plants has reached 38.1% compared to the global average that is 37%, head of Iran’s Thermal Power Plants Holding Company said. “Conversion of single-…
National Petrochemical Company has resumed polyethylene terephthalate (PET) exports after a three-month hiatus, head of Shahid Tondgouyan Petrochemical Complex in Bandar Mahshahr said.
The Italian government will push back the full liberalization of its retail power and gas market from its deadline of June 2020 to January 2022, with the timeframe becoming too tight to carry…
To conform with the International Maritime Organization’s (IMO) new regulations for a 0.5% global sulphur cap for marine fuels, Nouri Petrochemical Company will start producing low-sulphur fuel…
Petrochemical companies in Iran are doing relatively well as production and exports have been of the ascending order in the past six years, managing director of the National Petrochemical…
The electricity industry in facing challenges including severe shortage of funds, lack of investment to build new facilities, worn-out equipment such as transformers and annual increase in power…
US lawmakers have included sanctions on companies helping Russia’s gas giant Gazprom to complete the Nord Stream 2 pipeline project in the National Defense Authorization Act for the US defense…
Power and water projects worth $110 million were inaugurated Tuesday in western Kermanshah Province. The projects include a power plant and water distribution network in rural areas, the Energy…
Close to 172 million cubic meters of wastewater is recycled in Isfahan Province every year, head of the provincial water company said. "The need to treat and reuse wastewater is crucial to cope…
Gasoline consumption fell by 22 million liters a day in the three weeks from November 15 after the government rationed gasoline and raised prices by selling it at two rates.
The Kariba dam has plunged to its lowest level since 1996, raising further risks to the hydropower plants that Zimbabwe and Zambia depend on for nearly half of their power.
Brazil is carrying on with its plans to drill in the prolific pre-salt area even after UN leaders urged countries on Monday to steadfastly curb emissions of “climate-altering” gases that stem…
Oil prices fell on Monday after data showed that Chinese exports declined for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand…
Electricity consumption during peak demand season (June to August) declined by 1,000 megawatts compared to the year before, a deputy energy minister said. “Load was expected to surpass 61…
A methanol production unit of Apadana Petrochemical Plant will come on line in 2021, the managing director told reporters on Monday. “Under license of the Swiss company Casale, the project has…
