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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09/08/2018The world’s largest offshore wind farm opened on Friday off the northwest coast of England... -
09/08/2018An OPEC and non-OPEC technical committee will next week discuss proposals for... -
09/08/2018China's crude imports from Iran are likely to have peaked in August at 874,000 barrels per... -
09/08/2018In line with plans to boost gas output from South Pars Gas Field in the Persian Gulf, the second offshore platform of the field’s Phase 14 was installed with flying colors. According to Hamidreza... -
09/08/2018China has more solar energy capacity than any other country, at a gargantuan 130 gigawatts. -
09/08/2018Washington will consider waivers for Iranian oil buyers such as India but they must eventually... -
09/06/2018The world’s top oil buyers are discovering that US sanctions on Iran will squeeze... -
09/06/2018Oil Minister Bijan Namdar Zanganeh said Iran’s annual ethane production has increased by 60% over the course of four years to March 2018, amounting to 6 million tons, and is slated to observe a big... -
09/06/2018Saudi Aramco awarded on Tuesday to Baker Hughes the first integrated services contract for... -
09/06/2018Dehdasht Petrochemical Industries Company and Nargan Company, as the contractor, signed an agreement on building a heavy polyethylene production plant in the city of Dehdasht, Kohgilouyeh-... -
09/06/2018Iran plans to move its main oil export terminal from the Persian Gulf to a terminal in the... -
09/06/2018Oil prices fell on Wednesday as a tropical storm hitting the US Gulf Coast weakened and had a lower impact on production than initially expected. US West Texas Intermediate crude futures were at $... -
09/06/2018Oil Minister Bijan Namdar Zanganeh said Iran’s annual ethane production has increased by 60% over the course of four years to March 2018, amounting to 6 million tons, and is slated to observe a big... -
09/05/2018Gasoline consumption in the fifth Iranian month that ended on Aug. 22 reached an unprecedented average of 100 million liters per day, forcing the National Iranian Oil Products Distribution Company... -
09/05/2018US crude oil has not traded at $95 a barrel since 2014, but this is the year that could change. -
09/05/2018President Hassan Rouhani inaugurated three major petrochemical ventures in the southern city of Asalouyeh in Bushehr Province on Tuesday, in a ceremony attended by Oil Minister Bijan Namdar... -
09/05/2018Iran may resort to various ways of reducing the impact of US sanctions on its oil exports... -
09/05/2018The National Iranian South Oil Company, a subsidiary of state-owned National Iranian Oil Company, signed two contracts, worth $1.2 billion, on Tuesday with two domestic companies on preventing the... -
09/05/2018Qatar has set the August retroactive official selling price for its Marine crude at $72.9 per barrel, down... -
09/05/2018Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October... -
09/04/2018After 24 years, Denmark will start importing oil again, primarily due to lower... -
09/04/2018To supply underprivileged regions with gas, a large compressed natural gas station became operational in Nain County in Isfahan Province, managing director of Isfahan Gas Company said on Monday. "... -
09/04/2018India and France have joined hands to spearhead a global "solar revolution" with the aim of... -
09/04/2018In line with the Energy Ministry's push to boost output from joint hydrocarbon reservoirs, Iran's Petroleum Engineering and Development Company (PEDEC) is making efforts to ramp up crude production... -
09/04/2018Oil prices rose on Monday, supported by concerns that falling Iranian output will tighten markets once...
