The unprecedented decline in precipitation during the past water year (Sept. 23, 2017-Sept. 22, 2018) and years of drought have caused a steep decline in the water stored in hydroelectric dams. As a result, energy produced at 53 hydroelectric power plants in summer fell to 3.65 million megawatt hours, indicating a 36% reduction compared to the corresponding period last year, the Energy Ministry said.
Last water year was one of the driest in half a century...
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
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09/11/2018Oil prices rose on Monday as US drilling for new production stalled and the market eyed tighter... -
09/11/2018Qatargas said on Monday it had agreed on a 22-year deal with PetroChina International... -
09/11/2018The US oil output cannot replace Iranian crude in the international markets following sanctions imposed on Iran’s key sector that are due to take effect on Nov. 5, the Oil Ministry’s former deputy... -
09/11/2018Within 20 years, oil use will have long since peaked, renewables and natural gas will account for... -
09/11/2018Iraq is pumping crude at record levels and the violent street protests that engulfed the oil-rich south... -
09/11/2018Efforts are being made to stop using diesel as feedstock in the southern Sistan-Baluchestan Province's power plants by the end of the current fiscal year that ends in March 2019, the head of... -
09/10/2018Mexican President-elect Andres Manuel Lopez Obrador said on Saturday that crude... -
09/10/2018An Iranian lawmaker dismissed the US claims on cutting Iranian oil exports to zero by November and likened Washington's efforts to flogging a dead horse. "Iran has been targeted by sanctions for... -
09/10/2018China’s crude oil imports rose 6.5% in August from a month earlier to their highest since May... -
09/10/2018The completion of Iran-Pakistan Gas Pipeline Project—aka Peace Pipeline—will lead to fundamental economic changes in Pakistan. Iranian Ambassador to Pakistan Mehdi Honardoust made the statement... -
09/10/2018Turkmenistan has inaugurated a large gas-powered electricity plant that is expected to... -
09/10/2018Oil Minister Bijan Namdar Zanganeh said no refunds will be provided to the French giant Total... -
09/10/2018Electricity had been restored to almost all customers in the northern Japanese island... -
09/10/2018Currently, there is no need to establish a consortium of domestic urea exporters, as there is an implicit coordination among major companies active in the industry, the managing director of Pardis... -
09/09/2018Oil Minister Bijan Namdar Zanganeh, in a statement issued this week, has assigned the National Iranian Oil Refining and Distribution Company with the project to build the fourth phase of Persian... -
09/09/2018Russia will export more crude beginning in September, with most incremental exports targeting... -
09/09/2018To export liquefied natural gas, Iran needs investment, modern technology and sustainable output, rapporteur of the Majlis Energy Commission said. “Production of LNG should be sustainable so... -
09/09/2018To curtail the flaring of natural gas in fields shared with the western Arab neighbor, operations are underway to complete Azar Oilfield's gas installations, located in Anaran Block bordering Iraq... -
09/09/2018Led by Asia and the Middle East, the global petrochemicals market capacity is poised to... -
09/09/2018Focusing on energy swap operations in the Caspian Sea is much more cost-effective than extracting oil and gas from its deepwater hydrocarbon deposits. According to ISNA, although the National... -
09/09/2018Chinese officials and executives of ExxonMobil Corp discussed a $10 billion investment by the... -
09/08/2018Every time Roger Federer enters a Center Court to play a competitive match, there is... -
09/08/2018Some 2,400 projects are underway in water, wastewater and power sectors across the country, which have progressed by 60% on average. Energy Minister Reza Ardakanian made the statement on Thursday...
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09/08/2018World oil consumption will reach 100 million barrels per day later this year, hitting... -
09/08/2018Iranol Oil Company, a major local motor oil producer, has launched a new export terminal at Imam Khomeini Port in the southern Khuzestan Province. According to Isa Es'haqi, managing director of...
