Energy

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

  • Water Crisis Looms Despite Precipitation
    Since the beginning of the current water year (Sept. 23), 37 millimeters of rainfall have been registered across Iran, showing a 12% rise compared with the same period of last year when the figure...
  • Petrochem Company in Mahshahr Indigenizes Canned Motor Pumps
    Ghadir Petrochemical Company in Mahshahr, Khuzestan Province, has indigenized canned motor pumps with the help of domestic knowledge-based companies. The equipment, which used to be imported from...
  • New Desalination Facility to Help Quench Bushehr Thirst
    To help supply potable water to residents in the small towns of the southern Bushehr Province, the first phase of a 36,000-cubic meter desalination plant is set to become operational, the project’s...
  • Absence of Diverse Energy Mix Harms Iran’s Energy Security
    Iran’s energy security is at stake not only due to lack of a diverse energy mix but also because of the Oil Ministry’s inability to supply thermal power stations with sufficient natural gas, a...
  • Thermal Power Output Capacity Exceeds 73 GW 
    Thermal power stations, with an installed generation capacity of 4,000 megawatts, have become operational in the last 12 months, the deputy for projects development at the Thermal Power Plants...
  • Tabriz to Get Aras Water in 3 Yrs.
    The plan to transfer water from the Aras River in northwest Iran to Tabriz in East Azarbaijan Province, which had been delayed for several years, will be completed in about 40 months, the head of...
  • High Feedstock Prices Making Petrochem Companies Bankrupt 
    The sale of natural gas as feedstock to petrochemical companies at exorbitant prices has pushed most of them over the edge, the secretary-general of the Association of Petrochemical Employers...
  • Higher Gas Tariffs for Heavy Consumers
    The government has approved the Oil Ministry’s proposal to hike natural gas tariffs in the household sector, based on which the vital commodity’ price will rise on average by 50% for heavy...
  • Sulfur Dioxide Removal in Power Plants Unfeasible 
    Removing sulfur dioxide from exhaust gases produced in thermal power plants is not an environment-friendly practice that is why none of these stations in Iran are equipped with special devices that...
  • Russian Petrochem Firms Using Iranian Catalysts
    One ton of Iranian catalyst is being used in Russian petrochemical complexes that have also placed new orders to purchase more domestically-made catalysts, the managing director of the National...
  • Abadan Oil Refinery to Use Reclaimed Wastewater 
    To draw on unconventional water resources for industrial use in the arid province of Khuzestan, Abadan’s wastewater treatment plant’s output will be sold to Abadan Oil Refinery, the head of the...
  • Yalda Field May Have Both Oil and Gas
    The second exploration well in Yalda field is being drilled, the National Iranian Oil Company’s exploration director said. The well drilling is in line with NIOC’s exploration plans in the Persian...
  • Brent, WTI Prices Edge Up 
    Oil futures edged slightly higher on Wednesday on hopes for improved Chinese demand while uncertainty about how a Western cap on Russian oil prices would play out kept markets on edge after a sharp...
  • IOOC Assures Qeshm Gas Supply Will Continue in Cold Season
    Iranian Offshore Oil Company has assured that an adequate supply of gas to Qeshm Island will continue during winter, the director for Qeshm operational area at IOOC said. Referring to the launch...
  • Oil Prices Rise as Cap on Russian Crude Kicks In
    Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing...
  • NIOC Discovers Hydrocarbon Reserves With Aeromagnetic Surveys
    The National Iranian Oil Company has discovered hydrocarbon reserves in the southwest with the help of aeromagnetic surveys (AMS) conducted by domestic knowledge-based firms, the head of NIOC’s...
  • South Pars Phase 11 to Start Production Soon
    The development of the giant South Pars Gas Field’s Phase 11 is underway and the phase will soon become operational, managing director of the National Iranian Oil Company said. “The drilling of...
  • Gas Delivery to Gilan Power Plants Increases
    Gas delivery to the power plants in Gilan Province have increased by 26%, reaching 252 million cubic meters in the second month of the fall (Oct. 23-Nov. 21), compared with the same period of last...
  • 3 Petrochem Projects to Become Operational Soon in Asalouyeh 
    Three petrochemical projects belonging to the Persian Gulf Petrochemical Industries Company in Asalouyeh, Bushehr Province, are underway and will be completed soon.  In a visit to the projects,...
  • Khuzestan Power Demand Higher Than Production
    Khuzestan Regional Electricity Company has generated close to 30,000 megawatt hours of power between March and November, a deputy manager at the provincial power company said. “Power consumption...
  • OPEC+ Keeps Policy Unchanged
    OPEC+ agreed to stick to its oil output targets at a meeting on Sunday, as oil markets struggle to assess the impact of a slowing Chinese economy on demand and a G7 price cap on Russian oil supply.
  • Tehran, Dushanbe to Develop Economic, Energy Cooperation
    Trade and economic exchanges between Iran and Tajikistan have registered a 300% growth in the first 11 months of 2022 compared to the same period of a year ago, Iran’s energy minister said at the...
  • Petrochemical Projects Worth $3 Billion Underway in Ilam
    Petrochemical development projects worth $3 billion are underway in the western Ilam Province, managing director of the National Petrochemical Company said. “The ongoing initiatives will help...
  • 2nd Phase of Abadan Refinery Development Ready for Launch
    The second phase of the development plan at the Abadan Refinery in Khuzestan Province has registered 97% progress and a part of the phase is ready for launch, director of the development plan said...
  • Cold Spell Boosting Gas Use
    Following a decline in temperature, natural gas consumption in the household sector has reached 600 million cubic meters per day, up 20% compared to last month when the figure was 500 mcm/d, the...

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