Energy

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

  • Largest Solar Panel Plant in Ardabil Nearing Completion
    The largest solar panel manufacturing plant in Iran will be launched in Ardabil Province early next year (starts March 2021), the governor said Thursday. “Built by a private company, the factory...
  • Abfa Wants Municipality To Rewrite Water Policy
    Tehran Municipality takes out 180 million cubic meters of water from depleting underground resources in the sprawling capital per year, director of the National Water and Wastewater Engineering...
  • Iraq Wants Exemption From OPEC+ Cuts in Q1 2021
    Iraq is seeking exemptions from OPEC+ cuts in Q1 of 2021 and has discussed the issue with key producers in the 23-member coalition during three consecutive meetings, state-owned al-Sabaah newspaper...
  • Sistan and Baluchestan Gas Pipeline Project in Fast Lane
    Gas supply to Sistan-Baluchestan, Iran’s second largest province, will be completed by 2023, head of the provincial gas company told a press conference. Reza Panjabi said pipe laying and...
  • Advanced WTE Plant for Gilan Region
    Construction of a waste-to-energy plant will start soon in the northern Talesh County, Gilan Province, said the project manager of Biomass Energy Technologies Development at Niroo Research...
  • Virus Destroying Gasoline Demand
    Gasoline consumption declined in the eighth month (July 21-August 21) of the Iranian calendar year by 30% compared to the corresponding period last year, a member of the Gasoline Station Owners'...
  • Siemens Advances Canada’s Decarbonization Efforts
    Furthering its commitment to decarbonizing the energy sector worldwide, Siemens Energy has been selected to provide its highly efficient gas turbine technology and long-term services to the planned...
  • Big Oil Patchy Deals Record Casts Shadow Over Green Makeover
    As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy track record on takeovers is red flag for some investors...
  • Tavanir Improving Efficiency of Power Distribution Systems
    Approximately 45% of the domestic electricity distribution network has been renovated, deputy for power distribution affairs at Iran's Power Generation, Distribution and Transmission Company (...
  • Brent at Five-Month High on UAE Supply Cuts, China Data
    Oil rose on Monday, with Brent touching the highest in five months, underpinned by a 30% cut in Abu Dhabi crude supplies and encouraging Chinese data even as global demand struggles to return to...
  • Underground Water Extraction Pushing Isfahan Over the Edge
    Underground water resources in the parched Isfahan Province are disappearing by 3.6 billion cubic meters per annum, head of the Water Conservation Department of the provincial water company said...
  • Aramco Discovers 2 Oil and Gas Fields in Northern Saudi Arabia
    Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.  
  • NIDC Drills, Repairs 109 Oil and Gas Wells in One Year
    The National Iranian Drilling Company drilled and repaired 109 oil and gas wells in one year (August 2019-August 2020), the managing director said. During the period, NIDC registered a drilling...
  • Canadian Oil and Gas Spending Plummets 54%
    Canada’s capital spending on its oil and gas industry fell by more than half in the second quarter as the pandemic-inspired low prices continue to burden oil and gas producers with impossible...
  • POGC Reports Production Rise
    Gas extraction from the giant South Pars Gas Field in the Persian Gulf increased 150% over the last decade, managing director of Pars Oil and Gas Company said. “Output capacity has approached 700...
  • Oil Holds Near 5-Month High on US Output Cuts
    Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing...
  • NIORDC Reports Higher Output
    Crude oil processing capacity in the National Iranian Oil Refining and Distribution Company (NIORDC), a subsidiary of the National Iranian Oil Company, has risen 43% to 2.3 million liters per day...
  • Aras Free Zone Has Own Oil Refinery
    A mini refinery opened in Aras Free Zone on Wednesday with annual capacity of 200,000 tons of petroleum, including gasoline, diesel, naphtha, kerosene and bitumen, managing director of Aras Free...
  • Gasoline Exports Rise
    In the first five months of the current fiscal year (started May 20), more than $1 billion worth of gasoline was exported, head of the Islamic Republic of Iran Customs Administration said. “Total...
  • 500 MW Power Plant Starts Operation at Major Oil Block
    To help develop power infrastructure in shared oilfields with Iraq, a 500 megawatt power station became operational in Iran’s largest oil block known as West Karoun in Khuzestan Province, chief...
  • Iraq Will Continue Buying Gas and Power From Iran
    Iraq could lower its reliance on Iranian gas and electricity imports next year if (and when) OPEC's second largest oil producer can implement multi-billion deals signed with US companies and...
  • 2 IGAT Trunklines Inaugurated
    The sixth and ninth Iran Gas Trunklines (IGAT-6 and 9) were officially launched on Monday. Over $3.6 billion has been invested on the two projects, about a third of which ($1.3 billion) was put up...
  • Oil Prices Edge Higher
    Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after US regulators approved the use of blood...
  • $1.5 Billion Petrochemical Plant Opens in Pars Economic Energy Zone
    To expand the value-added chain in the petrochemical sector, the first phase of Bushehr Petrochemical Company in Pars Special Economic Energy Zone (PSEEZ), southeast of Bushehr Province, became...
  • Two Top Organizations Sign 15-Year Power Agreement
    Tehran Water and Wastewater Company, a subsidiary of the National Water and Wastewater Engineering Company of Iran (Abfa), and state-owned Renewable Energy and Energy Efficiency Organization, aka...

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