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
  • US Crude More Attractive for Asian Customers
    US crude exports to Asia are set to swell over March and April as a drop in freight rates makes US cargoes more competitive against barrels from Asia or the Middle East, according to market...
  • Qatar Petroleum, Exxon Continue Texas LNG Project
    Exxon and Qatar Petroleum will proceed with a $10 billion expansion of their Golden Pass liquefied natural gas import terminal in Texas to turn it into an export facility as well, Reuters reports,...
  • Solar Panels for Nomad Communities in Iran
    South Khorasan Regional Electricity Company has installed 30 solar panels for 80 nomadic families in underprivileged areas over the last 10 months, managing director of the provincial Nomadic...
  • Tehran Power Company Getting Ready for Summer
    To help avoid power outages in summer, Tehran Province Electricity Distribution Company is renovating the power grid, the managing director said. Hossein Sabouri said $3 million is spent per annum...
  • MOTs Help Karoun Oil/Gas Company Safeguard Ecosystem
    With the help of mobile oil treaters, Karoun Oil and Gas Production Company has prevented 32,000 barrels of oil from being burnt during extraction phases over the past 10 months, the managing...
  • 70 Yazd Electricity Projects Ready
    Seventy power projects will be operational in Yazd Province by the end of February, managing director of Yazd Regional Electricity Company said Saturday. “The projects include electricity supply...
  • Russian Oil Production Slides
    Russian oil output declined to 11.38 million barrels per day in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, missing the deal’s target,...
  • OPEC Output Drops Most in 2 Years
    OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal. 
  • Europeans Halt Venezuelan Crude Purchases
    European buyers of the heavy crude produced by Venezuela’s PDVSA have put their purchases on hold in anticipation of sanctions against the government in Caracas to be announced by the European...
  • Iran's Private Energy Firms Urged to Join Iraq, Syria Post-War Reconstruction
    Iranian private companies are willing and able to help Iraq and Syria in their post-war reconstruction plans by undertaking energy projects, Energy Minister Reza Ardakanian said. "This is the...
  • PetroChina Drops Venezuela’s State Oil Company
    PetroChina is looking to drop Venezuela’s state-owned oil firm PDVSA as an equity partner in a planned and long-delayed $10-billion oil refinery and petrochemical complex in southern China, Reuters...
  • Underground GIS Operational in Mashhad
    An underground 132/20 kilovolt gas-insulated substation was inaugurated in Mashhad, Khorosan Razavi Province, at the weekend. “The substation is built over 1,100 square meters and is 16 meters...
  • Zanganeh Prefers Higher Gasoline Prices
    Rationing and higher prices are needed to help reduce fuel consumption, the oil minister said. "There are a number of proposals on the table but no decision has been taken because of a lack of...
  • BIPC Exports Earn 750 Million in 10 Months
    Bandar Imam Petrochemical Company in Khuzestan Province exported 1.2 million tons of petrochemicals in the first 10 months of the current fiscal (started March 2018), the managing director said.
  • India Seeking Extension of Iran Oil Waivers
    India is in talks with the US to extend a waiver permitting it to continue importing Iranian oil after March, an Indian Oil Ministry official said Thursday.
  • Tavanir Says Power Output Not Sufficient for Summer Season
    Installed power capacity of substations, including transmission and distribution, needs to expand by 10% to meet domestic power demand in summer when consumption levels always reach peak creating...
  • $3b Bid Boland Gas Refinery Near Completion
    Bid Boland Gas Refinery in the southwestern Khuzestan Province will go on stream by 2020, the managing director said Tuesday. Construction of the refinery, which is near the final phase, will not...
  • US Crackdown on Venezuela Global Oil Industry Braces for Turmoil
    More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the measures...
  • A mobile desalination unit will be launched in Abadan, Khuzestan Province, to help address the pressing water problems in the southwestern oil city, said the director of Abadan Water and Wastewater...
  • Iran's MAPNA Starts Building Power Plant in Syrian City
    Energy Minister Reza Ardakanian said Tuesday construction work has begun on a combined-cycle power plant that will produce 540 megawatts in Syria’s western port city of Latakia.  "The plant is...
  • Combined-Cycle, Solar and Wind Power Plants launched in Northeast Iran
    A solar power plant with a capacity of 100 kilowatts has been launched in Tabriz, the center of East Azarbaijan Province, managing director of Azarbaijan Regional Electric Company said Monday....
  • Private Company Financing Yazd GTL Venture
    A private company has invested to develop Abarkouh gas-to-liquids (GTL) plant in Yazd Province, the governor said. "Saman Faraz Gheshm Co., one of the main suppliers of oil and gas equipment in...
  • Oil, Petroleum Supply Via Pipelines Increases
    An estimated 400 million liters of oil and other products are transported daily via pipelines, indicating a 65% rise over the last 40 years, managing director of the Iranian Oil Pipeline and...
  • Egypt Says Middle East Gas Reserves Can Create Peace
    Gas reserves in the Middle East can create opportunities for employment, business and peacemaking, according to Egypt's petroleum minister.
  • Brent, WTI Prices Slip
    Oil prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production there may rise further, and as China, the world’s second-largest oil user,...

Pages

Financialtribune.com