Energy

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

  • Oil Prices Rise as Producers Talk Up Efforts to Rein in Supply
    Oil prices climbed on Friday, on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about economic recovery from the...
  • Abfa Optimizing Water and Wastewater Systems
    By the end of the current fiscal year in March, on average, every three weeks one wastewater treatment plant will be launched in Iran and a water treatment plant will come online every month,...
  • Gas Output Exceeds 700 mcm/d
    Average daily natural gas has surpassed 700 million cubic meters, a spokesman for the National Iranian Gas Company said. Refineries produce 703 mcm of natural gas, which is about 11% more than the...
  • TPPHC Reports Higher Output
    Thermal power production reached 127 billion kilowatt hours from the beginning of the current fiscal year in late March, up 11% compared to the same period in 2019, head of Thermal Power Plants...
  • OPEC+ to Balance Market Share Gains
    OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices.  
  • First Floating PV Power Plant Operational in W. Azarbaijan
    Iran’s first small-scale floating solar farm became operational in Mahabad Petrochemical Plant in West Azarbaijan Province on Tuesday, head of the company said. “The floating photovoltaic plant...
  • Brent, WTI Advance
    Oil prices rose on Monday following news China plans to ship large volumes of US crude in August and September, which outweighed concerns over a slowdown in demand recovery after the coronavirus...
  • $70m Invested in Baluchestan Wind Farm
    Mil-e Nader 50 megawatt wind farm in Sistan-Baluchestan Province will come on stream by March. It cost $70 million, the deputy governor for coordinating economic affairs said. “The wind power...
  • NIOC Signs $1.7b Contracts With Domestic Firms
    The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and gas companies on...
  • Filling Stations Equipped With Gasoline Vapor Recovery System
    To collect toxic emissions, the first stage of a plan to recover gasoline vapor has been completed in all (3,400) filling stations across the country, head of the National Iranian Oil Products...
  • Oil Companies Wonder if it’s Worth Looking for Oil Anymore
    A few dots near the bottom corner of the world map in the southern Atlantic, the Falkland Islands were once at the forefront of a new era for the oil industry as companies scoured the planet for...
  • Scientists Create Material That Makes Salty Water Safe to Drink in Minutes
    Technology that can convert salty seawater or brackish water into safe, clean drinking water has the potential to transform millions of lives across the globe, which is why so many scientists are...
  • Mining Sector’s Water Consumption Untenable
    The Majlis Research Center, the research arm of the parliament, says how average amount of water used to produce metals, namely gold and copper, in Iran is five times above international norms....
  • Karoon Co Exporting Isocyanates to Companies in Asia and Europe
    Karoon Petrochemical Company, in the southwestern port city of Mahshahr in Khuzestan Province, is the only producer of isocyanates in Iran. Half the output is for domestic use and the rest is...
  • High Hopes for Paddy Farmers
    Controlling the runoff in northern Mazandaran Province is essential and can have added economic benefit as water can be used for rice cultivation, managing director of the Regional Water Company...
  • IEA Sees Lower Crude Demand in 2020, 2021
    The International Energy Agency lowered its global oil demand forecasts for the first time in several months in its latest report, as the number of Covid-19 infections remains high and amid ongoing...
  • Steam Playing Bigger Role in Power Output
    Construction of steam units has started in several power plants and more will be added soon, a senior executive at the Thermal Power Plants Holding Company said. “With the construction of 46 steam...
  • Oil Slips Below $45 on Increasing Demand Doubts and Rising Supply
    Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the coronavirus pandemic and rising supply.  
  • Water Stress Eases in Western Regions
    President Hassan Rouhani on Thursday inaugurated water projects via video conference in western Kermanshah and Ilam provinces costing $150 million.   "The government has drawn on the National...
  • Tehran Refinery Enhancing Gasoline Quality to Euro 5
    Tehran Oil Refinery will soon start producing gasoline compliant with Euro 5 emission standards, head of the refining company said. “The refining is producing 7 million liters of unleaded gasoline...
  • Crude Oil Rises After Bigger Than Expected Drop in US Inventories
    Oil prices moved higher on Wednesday after an industry report showed that US inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world’s biggest economy...
  • 10 MW Solar Farm for County in Yazd
    Construction of a 10 megawatt solar farm in Bafq County, Yazd Province, will start soon. To be built on 20 hectares in the central dry region, Ghadir Solar Power Plant is expected to come online...
  • Virus Pandemic Debunking Myths of Energy Industry
    The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the...
  • NIOC Ordered to Supply 1m Tons of Free Bitumen
    The Majlis has obliged the National Iranian Oil Company, to supply one million tons of free bitumen to executive organizations for construction projects in the current fiscal year (ends next March...
  • Water Crisis Getting Severe
    Large volumes of underground water that were supposed to be consumed over the next century have already been used in the last five decades, an environmentalist and head of the  Environment...

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