Energy

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

  • Oil Refining Capacity May Not Fully Recover From Pandemic
    Millions of barrels of oil refinery capacity might permanently close across the global energy complex after being lost when demand crashed during the coronavirus pandemic, US refiners said on...
  • Third Unit Joins Wastewater Treatment Plant in Lordegan
    The third wastewater treatment plant in Lordegan, western Chaharmahal- Bakhtiari Province, was inaugurated, provincial head of the Water and Wastewater Company said.  
  • Urmia Lake Surface Area Expanding
    The surface area of Iran’s largest inland body of water (Lake Urmia) has increased by 68% over the last six years, the Urmia Lake Restoration Project administrator and director of the Planning...
  • Oil Rises Further From Three-Week Lows
    Oil prices rose on Friday, after touching three-week lows in the previous session, responding to a record decline in US growth as the coronavirus ravaged the world’s biggest economy and oil...
  • Oil Slick Cleanup Near Kharg Island
    A leak in a subsea oil pipeline from Abouzar Oilfield (in the Persian Gulf) to Kharg Island and Bandar Genaveh in Bushehr Province has been fixed and the oil spill is being cleaned up. The leakage...
  • $600m Spent on Gas Booster Stations in Fars and Bushehr
    The Iranian Central Oil Fields Company has spent $600 million to build pressure boosting stations in gas fields to help provide sustainable supplies to gas refineries, director of the company’s...
  • First Step to Phase Out Power Plant in South Tehran
    Construction of a 230 kilovolt gas-insulated substation started Sunday at the site of Rey Power Plant in south Tehran as the first step to phase out the old station, head of the Thermal Power...
  • Oil Rises After Surprise Drop in US Inventories
    Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus...
  • Use of Rooftop PV Panels Growing in S. Khorasan
    In the next two years, 7,500 five-kilowatt rooftop photovoltaic panels will be installed for households in South Khorasan Province. The eastern province has great potential to produce clean energy...
  • End Game for Oil?
    The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in OPEC.  
  • Khuzestan Power Infrastructure Failing
    The stifling hot summer and recurring power outages in southern Khuzestan Province are creating discontent among residents forced to make do with 51 degrees Celsius, a lawmaker from the oil...
  • Smart Power Metering on Course
    One million old meters have been replaced with smart electricity meters across the nation in the past three years and the same number will be substituted by the end of the current fiscal that...
  • Brent, WTI Prices Dip
    Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.  
  • Yazd, Alborz Expand Solar Footprint
    Construction of a solar section of Yazd Integrated Solar Combined Cycle Power Plant started Saturday. Upon completion the plant will have generation capacity of 467 megawatts, the Energy Ministry...
  • With Weakest Sales in 14 Years, Schlumberger Cuts 21,000 Jobs
    Schlumberger Ltd., the world's leading oilfield services provider, posted its weakest sales in 14 years and is cutting one-fifth of its workforce while warning that new waves of Covid-19 could...
  • 300-km Water Pipeline Links Persian Gulf to Kerman Region
    The first phase of a project to transfer water from the Persian Gulf to Kerman Province is completed and will be inaugurated soon, the provincial governor said. “The 300-km pipeline with seven...
  • Adequate Urea Fertilizer Available to Farmers
    There is no problem in the production and allocation of urea fertilizer quotas, director of Iran's Association of Petrochemical Industry Corporation said. “As per a government decision for the...
  • Ukraine Opposes US LNG Pricing Formula
    Ukraine’s state-held gas firm Naftogaz is reportedly opposed to the pricing formula for US liquefied natural gas it could receive under a long-term contract, while there isn’t enough infrastructure...
  • $13.5b Invested in Mokran Petrochemical Complex
    An estimated $13.5 billion has been invested for the construction of Mokran (also Makran) Petrochemical Complex in Chabahar, Sistan-Baluchestan Province, managing director of Negin Mokran...
  • 1 in 10 Gas Flares in Permian Malfunction
    Over a tenth of gas flares in the Permian Basin, the large oil field in the southwest of the US, tend to malfunction and release unlit methane into the atmosphere, the Environmental Defense Fund...
  • Private Firms Left Behind
    Exporting electricity can be more profitable if private firms are also allowed to sell, without state interference, the power they generate, head of the Federation of Iranian Energy Exports...
  • Oil Rises on Weaker Dollar
    Oil prices rose on Friday on the back of a weaker US dollar, although demand concerns stemming from rising coronavirus cases and escalating US-China tensions kept a cap on prices.  
  • NPC Raises the Bar for Propylene Output in 3 Regions
    A comprehensive plan calls for increasing propylene production in Iran to 3 million tons a year, managing director of Iran’s National Petrochemical Company said. “The plan will be carried out in...
  • S. Khorasan Wind Farm Project Gains Impetus
    More turbines are being hauled to wrap up construction of the Sarbisheh Wind Power Plant in Doreh rural district in South Khorasan Province, the provincial governor said. “Of the total 20 wind...
  • Tavanir Again Resorts to Discounts to Save Power
    Following its calls to reduce power consumption and avoid outages in the hot summer months, the state-run Power Generation, Distribution and Transmission Company (Tavanir) has signed 250,000...

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