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
  • Call for Greater Support for Renewables
    Heightened concerns over the shortage of natural resources and the importance of finding proper substitutes necessitate greater attention to renewable energies, a senior energy official said. "...
  • Plans to Increase Sarkhoun Output
    Close to 98.5 billion cubic meters of natural gas have been extracted from Sarkhoun Gas Field in Bandar Abbas, Hormozgan province, during the last 31 years, the managing director of Iranian Central...
  • Substantial Change in Global Energy Trade, as Role of Electricity Rises
    The new World Energy Outlook is the story of a series of upheavals in global energy, particularly the dramatic changes in the Unites States and China and the rising role of renewables and...
  • Saudis See Oil Output Cuts Easing in 2019
    OPEC and its allies, including Russia, may next year ease the crude-output curbs that have helped prices recover from the worst crash in a generation, Saudi Arabia’s oil minister said. "With the...
  • 30% Domestic Share in  Unit International Deal
    Domestic equipment manufacturers will have a 30% share in the contract with Turkish energy and construction company Unit International, which is commissioned to build two power plants in Iran, the...
  • Plans are in place to cooperate with neighboring states, namely Turkey and Turkmenistan, that have more water resources so that Iran can increase its share from joint water basins.
    Serious negotiations are underway with water-rich neighboring countries to pump more water from shared basins, the energy minister said. "Plans are in place to cooperate with neighboring states,...
  • Output in Europe has dropped over the past few years.
    China will exceed US nuclear power production soon due to recent initiatives taken by Beijing to accelerate the adoption of alternative fuel source, according to an International Energy Agency ...
  • Not being paid for a long time may cause investors to lose their enthusiasm in potentially lucrative renewable plans.
    A serious hurdle impeding renewable projects is non-allocation of the tax levied on electricity subscribers to wind and photovoltaic initiatives. Mohammad Sadeqzadeh, the head of Renewable Energy...
  • GOGPC Oil Production Rises to 620,000 bpd
    Gachsaran Oil and Gas Production Company, a subsidiary of the National Iranian South Oil Company, is currently producing 620,000 barrels of crude oil per day, the company's managing director said...
  • TAPI Pipeline to Pump Turkmen Natural Gas by 2020
    A quartet aims to complete the 1,840-km (1,143-mile) pipeline and begin pumping natural gas from Turkmenistan’s giant Galkynysh gas fields by early 2020. Turkmenistan, Afghanistan, Pakistan and...
  • OPEC is not outwardly worried by the rise in US output.
    Oil slipped to $66 a barrel on Friday, under pressure from concerns that rising US oil output and exports will offset OPEC-led attempts to erode stockpiles with output curbs. US oil production...
  • Gasoline Consumption Up 8%
    Iranian gasoline consumption in the first 11 months of the current fiscal year (started March 21) reached an average of 80.2 million liters per day, data released by National Iranian Oil Products...
  • West Karun Oil Output to Reach 1.2 Million bpd
    Collective oil output from the West Karun block, which is shared with Iraq, is slated to reach 1.2 million barrels per day, the chief executive officer of Iran’s Petroleum Engineering and...
  • OPEC Deal Closer to Market Rebalancing
    The OPEC deal is closer than ever to meeting its market rebalancing goals, with OECD inventories now just 74 million barrels above the five-year average recorded in January 2017, according to a...
  • Brent, WTI Prices Slide Over Higher US Production
    Oil prices fell on Wednesday, weighed down by a rebound in the US dollar from three-year lows hit last week and by an expected rise in US crude production. Brent crude futures were last down 71...
  • The lion's share of petrochemical exports is bound for China, India and South Korea.
    Boosting the country's petrochemical revenues entails expansion of target markets, the deputy director of Iranian Oil, Gas and Petrochemical Products Exporters Union said.  "Petrochemical exports...
  • Special Devices for Gas Regulating Stations
    Some 150 natural gas pressure regulating stations have been equipped with special devices that can stop gas flow in case of emergency situations like earthquakes. Hamidreza Araqi, the managing...
  • BP: Electric Vehicles to Cut Oil Consumption
    The emergence of self-driving electric cars and travel sharing are set to dent oil consumption by 2040, oil and gas giant BP said, forecasting a peak in demand for the first time. In its benchmark...
  • NISOC in Close Cooperation With Domestic Academic Centers
    National Iranian South Oil Company can implement complicated technological projects in cooperation with domestic academic centers namely the Academic Center for Education, Culture and Research,...
  • SP Phases 17-18  Output Increases
    Major overhaul operations in phases 17 and 18 of the giant South Pars Gas Field in the Persian Gulf has increased the output of liquefied petroleum gas, including propane and butane, as feedstock...
  • Oil Markets Split
    Oil markets were split on Tuesday, with US crude still carrying momentum from...  
  • 679 tons of carbon dioxide will be prevented from entering the atmosphere during the project’s 20-year lifetime.
    Solar power is becoming an increasingly important part of the planet's energy...
  • Gas Delivery to Power Plants Cuts Pollution, Raises Revenues
    Supplying natural gas to power plants, instead of liquefied fuels such as diesel and mazut, has not only curbed air pollution but also increased foreign currency revenues. According to IRNA, air...
  • Iran Gasoline Consumption  at 80 ml/d in 1 Month
    Data released by the National Iranian Oil Products Distribution Company shows gasoline consumption in the Iranian month to Feb. 19 averaged 80.2 million liters per day. Gasoline used in the period...
  • India Will Lead International Oil Demand by 2035
    Oil market participants and analysts have been closely watching the record level...  

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