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December 14,2019
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...
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December 13,2019
National Petrochemical Company has resumed polyethylene terephthalate (PET) exports after a three-month hiatus, head of Shahid Tondgouyan Petrochemical Complex in Bandar Mahshahr said.
“Demand...
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December 13,2019
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 that...
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December 13,2019
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...
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December 13,2019
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 out...
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December 13,2019
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-cycle...
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December 11,2019
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 in...
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December 11,2019
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...
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December 11,2019
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 Company...
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December 10,2019
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...
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December 10,2019
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.
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December 10,2019
Power and water projects worth $110 million were inaugurated Tuesday in western Kermanshah Province.
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December 10,2019
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.
Prior to the new...
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December 10,2019
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 from—...
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December 09,2019
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...
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December 09,2019
The Energy Ministry has paid $900 million of its debt to private contractors over the past nine months.
Reza Ardakanian, the energy minister, made the statement in the opening ceremony of the 34th...
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December 09,2019
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 by...
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December 09,2019
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...
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December 08,2019
The government’s Economic Council has approved a proposal by the Oil Ministry based on which the state-owned National Iranian Oil Products Distribution Company has been tasked with helping convert...
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December 08,2019
China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas.
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December 08,2019
The National Iranian Gas Company and Iran Power Generation, Distribution and Transmission Company (Tavanir) have been instructed in the next fiscal budget (March 2020-21) bill to install smart...
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December 08,2019
President Hassan Rouhani said Sunday the country has become self-sufficient in the production of natural gas, gasoline and diesel and has started exporting the three fuels.
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December 07,2019
Despite the drawbacks and mounting grievances about the sudden gasoline rationing plan, the new policy would help the National Iranian Oil Company not to import gasoline in the foreseeable future,...
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December 07,2019
Japan Cooperation Center for the Middle East will collaborate with Iran to hold training courses and seminars in the field of energy next year, the energy minister’s advisor for international...
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December 07,2019
A 10 megawatt photovoltaic power plant built by GEP (a South African solar power developer) in the town of Khusf, South Khorasan Province was synchronized with the national power grid on Saturday,...