Energy

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

Oil Prices Tick Up
Oil Prices Tick Up
July 21, 2023 17:55
  • Isfahan Oil Refinery to Become Petro-Refinery Holding Company
    Isfahan Oil Refinery in the central Isfahan Province has launched development plans to turn into a petro-refinery holding company and one of the plans is to become a major propylene producer in...
  • Oil Prices Recoup Losses
    Oil prices rebounded more than 1% on Wednesday, recovering from the previous day's fall, after OPEC's upwards revision for Chinese consumption offset bearish global investor sentiment trigged by US...
  • CNG Sector Falls Victim to Policymakers’ Indifference
    The current daily consumption of compressed natural gas would have tripled over the last few years if policymakers had not failed to promote CNG-related schemes, a member of the CNG Trade Union of...
  • IGAT Pipelines in Expansion Mode
    The Iranian Gas Engineering and Development Company, a subsidiary of the National Iranian Gas Company, has extended the Iran Gas Trunkline (IGAT) by at least 1,000 kilometers in the last 11 months...
  • Development Plans Underway to Increase Ilam Crude Production
    The development of Danan Oilfield in Ilam Province is underway and so far the drilling of four wells out of 11 have been completed and the field’s production has increased to 14,000 barrels per day...
  • 1st Phase of Alvand Polypropylene Project to Come on Stream in Spring 
    The first phase of Alvand Polypropylene Petrochemical Complex in Shazand County, Markazi Province, will be inaugurated in spring. Upon its launch, the plant will start producing meltblown granules...
  • Tehran, Riyadh Share Common Perspectives on Oil Markets
    Tehran and Riyadh have exchanged views regarding OPEC and OPEC+ policies to ensure stability in the world oil markets, Iran’s oil minister said. “All decisions concerning global oil markets over...
  • Iran-Pakistan Electricity Exchange Reaches 200 MW
    The volume of electricity exchange between Iran and Pakistan has reached 200 megawatts with the launch of a new transmission line, Energy Minister Ali Akbar Mehrabian made the statement at a...
  • Ilam Gas Output to Increase
    Gas production in Ilam Province in western Iran will increase to 11 million cubic meters per day with the implementation of the second phase of Tang-e Bijar Gas Field, the managing director of the...
  • Oil Prices Reverse Course 
    Oil prices ticked up in Monday Asian late morning trade, reversing a weak start as a recovery in Chinese demand and a weaker dollar provided support to a market rattled by the prospect of a further...
  • Petrochemical Projects Will Complete Value Chain in 2024
    The construction of Golestan Petrochemical Plant in Golestan Province will resume in May with the investment of the Persian Gulf Petrochemical Industries Company. The petrochemical complex, a...
  • Power Station Projects of Industries Making Headway
    Financed by industries, power station projects with a capacity of 1,500 megawatts have made 50% progress and will become operational by June, a deputy managing director of Iran Power Generation,...
  • Khuzestan’s Wastewater Infrastructure Expanding 
    A sewage collection project in the city of Kut-e Abdollah, Karoun County, Khuzestan Province, has made 50% progress and is expected to become operational by the end of 2023, managing director of...
  • OPEC+ Crude Output Declines 
    The OPEC+ coalition's crude oil production fell by 80,000 barrels per day in February, the latest Platts survey by S&P Global Commodity Insights found, with volumes dropping in Iraq, Angola and...
  • Considerable Rise in NIOC’s Seismic, Drilling Operations
    The National Iranian Oil Company’s drilling operations and the discovery of hydrocarbon reserves have witnessed a considerable rise over the last five years, the head of NIOC’s Exploration...
  • Khuzestan Water Reservoirs Rising
    Close to 9 billion cubic meters of water have flowed into Khuzestan Province’s big dams since the beginning of the current water year (Sept. 2022), the head of R&D Department of the provincial...
  • Indigenization of Bandar Abbas Power Plant Equipment Gains Impetus 
    Bandar Abbas Power Plant in Hormozgan Province has succeeded in indigenizing its parts and equipment, the managing director of the provincial Electricity Production Management Company said. “The...
  • UNDP, Japan Desalination JV to Help Ease Chabahar Water Crunch
    The first joint UNDP-Japan desalination unit is expected to be constructed in Iran's southeastern province of Sistan-Baluchestan to supply water to at least 50,000 people in Chabahar’s rural...
  • Worst Weekly Drop in Brent, WTI Expected
    Oil fell for a fourth session on Friday, heading for its biggest weekly loss in five weeks on worries about the prospect of steep interest rate hikes in the United States slowing economic growth...
  • Isfahan Hydropower Station Reconnected to Nat’l Grid
    Following the rise in the volume of water in Zayanderud Dam, its hydroelectric power plant was reconnected to the national grid after remaining grounded for five months, the Isfahan Regional Water...
  • NGL 3200 to Help Collect APG in Oil, Gas Fields
    The first phase of the Gas and Natural Gas Liquid Plant in Khuzestan Province, named NGL 3200 that collects associated petroleum gases from oil and gas fields, will be launched in the near future,...
  • Wastewater Treatment Expanding 
    The construction of the wastewater treatment plant in Minab County, Hormozgan Province, has been completed and is ready for inauguration, the managing director of the provincial Water and...
  • Gas-Insulated Substations to Stabilize Ahvaz Power Supply 
    To help stabilize power supply in Ahvaz, the capital of Khuzestan Province, Karoun’s 132/33-kilovolt gas-insulated substation is ready to be synchronized with the national power grid, the head of...
  • WTI, Brent Prices Decline 
    Oil prices slipped on Monday after China set a lower-than-expected target for economic growth this year at around 5%, and as investors cautiously awaited US Federal Reserve Chair Jerome Powell's...
  • Eastern Kerman Water Supply Set to Commence in a Year
    The construction of a pipeline and pumping station to transfer water from Nesa Dam in Kerman Province to the cities of Bam and Baravat has progressed by more than 93%, the deputy for planning and...

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