Energy

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

  • Iran Parliament's Think Tank Forecasts Lower Crude Prices
    Forecasting the future of the oil market is crucial, especially for countries where oil export is the lifeblood of the economy and budgets are constructed, deconstructed and reconstructed depending...
  • 7th Water Treatment Plant in Tehran Nearing Completion
    Construction of the second phase of Tehran's seventh water treatment plant has been accelerated and will come on stream in April, managing director of Tehran Province Water and Wastewater Company...
  • Kuwait Pledges Support for OPEC Cuts
    Kuwait's new oil minister, Khaled Al-Fadhel, has pledged an ongoing commitment to OPEC's production cuts in his first statement to the Kuwait News Agency after being appointed last week.
  • Iran Northern Regions Receive  45b Liters of Oil Products p.a.
    The Iranian Oil Pipeline and Telecommunication Company's Tehran office annually supplies over 45 billion liters of crude and petroleum products to the northern provinces, the managing director of...
  • Iran Studying Proposals to Develop Kish Gas Field
    Proposals for the development of the second and third phases of Kish gas field, the second largest in the Persian Gulf after South Pars, is being reviewed and the outcome will be announced in due...
  • Cold Spell Raises Asia LNG Imports
    Cold weather and China’s consistent gasification efforts pushed liquefied natural gas imports into Northeastern Asia to a record-high, Reuters reports.
  • Iran Reports Sufficient Supply of Petrochemical Feedstock
    Stable supply of natural gas as feedstock to petrochemical plants will continue as schedule, production manager of the National Petrochemical Company said. "Unlike last winter when some...
  • Asia's Iran Crude Imports at 5-Year Low
    Imports of Iranian crude oil by major buyers in Asia hit their lowest in more than five years in November as US sanctions on Iran’s oil exports took effect last month, government and ship-tracking...
  • Iran, Iraq Sign Agreement to Boost Energy Ties
    Iran and Iraq signed a memorandum of understanding for boosting energy collaboration and renovating Iraq’s power infrastructure. The agreement was reached after two days of talks between Iran’s...
  • Iran's NIGC Says Paying Its Full Share to Help Renovate Classrooms
    National Iranian Gas Company has met all its financial commitments to help the Education Ministry renovate schools in the deprived regions, the company's financial manager said. "NIGC paid $96...
  • Solar Farms Seen as Option to Agriculture in Drought-Hit Regions
    Experts say expanding the renewable energy sector in water-stressed regions is one viable alternative for farmers who have very little water and suffer due to crop losses and failures in recent...
  • Iran's 2019-20 Budget Less Reliant on Oil
    As per the 2019-20 fiscal budget bill, a barrel of crude is calculated at $54, Oil Minister Bijan Namdar Zanganeh told the ministry’s website Shana on Wednesday. “The government is doing its best...
  • Novak: Oil Prices Will Stabilize in 2019
    Russian Energy Minister Alexander Novak said on Wednesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019. 
  • Oil Prices Plunge by 6%
    Oil prices plunged more than 6% to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market.
  • Iran Consumes More Gas Than 28-Nation EU
    With a population of 80 million Iran’s daily gas consumption at 700 million cubic meters exceeds that of the 28-nation European Union, which consumes a total of 500 mcm per day, National Iranian...
  • Chinese, Iranian Companies Expanding Abadan Refinery
    Two Iranian and Chinese companies are moving ahead with the development of Abadan Oil Refinery, Iran's oldest crude processing facility in oil-rich Khuzestan Province, said the managing director of...
  • No Barrier to South Pars Funding
    There is no funding constraint to developing phases 13 and 22-24 in South Pars Gas Field in the Persian Gulf, managing director of Pars Oil and Gas Company said.  "The Majlis has authorized the...
  • New Electricity Substations Help Expand, Stabilize Supply in Iran
    Installed capacity of power substations, including transmission and distribution, has reached 107,000 megavolt ampere (MVA). According to Paven, the Energy Ministry's news portal, the national...
  • OPEC+ Ready for Extra Meeting
    OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next...
  • Iran Considers Developing New Gas Field in Northeast
    Development of Tous gas field in northeastern Khorasan Razavi Province will help lift the regional economy and help stabilize energy supply to the northern and eastern areas, said Ramin Hatami,...
  • Work in Progress at Iran's South Azadegan Oilfield
    Raising production from the South Azadegan Oilfield in Khuzestan Province with the help of skid-mounted processing units and mobile oil treaters is a priority of the Petroleum Engineering and...
  • Saudi Crude Production Will Fall to 10.2 mbpd
    OPEC and its allies have formalized their production quotas under their new supply deal, with Saudi Arabia, the world's largest crude exporter, committing to a 322,000 bpd cut from its October...
  • Isfahan Power Co. Reports Less Wastage
    Power wastage in Isfahan Province has fallen from 7.8% last year to 6.6%, said the managing director of Isfahan Province Electricity Distribution Company. Electricity supplied from production...
  • OPEC to Publish Production Cut Quotas
    Contrary to initial reports that OPEC will not make public the country quotas in the new production cut deal, the organization now plans to publish a table of each OPEC and non-OPEC individual...
  • NIDC Reports Stellar Performance Over 4 Decades
    The National Iranian Drilling Company, a subsidiary of National Iranian Oil Company, undertakes most drilling operations across the country and drilled 4,489 onshore and offshore oil and gas wells...

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