Energy

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

  • Private Power Producers in Iran Want a New Deal to Remain in Business
    Due to the near permanent fluctuations in currency rates in the last two years, power purchase contracts with private electricity producers need revision, says a board member of Rudshur Power Plant...
  • Water Desalination Taking Center Stage in Bandar Abbas
    The second development phase of Bandar Abbas water desalination unit in Hormozgan Province became operational on Thursday, managing director of the provincial Water and Wastewater Company said. "...
  • Shahroud Refinery Repaired
    Piroozi Oil and Gas Refinery in Shahroud County, 400 kilometers west of Tehran in Semnan Province, will resume operations next month after over three years of inactivity, the managing director said...
  • New Gas Boosting Pressure Stations for IGAT
    Eighteen gas boosting pressure stations in Fars, Lorestan, Semnan, Kurdestan and Bushehr have become operational since March 2019 to expand the Iran Gas Trunkline (IGAT), managing director of...
  • Mahshahr Petrochem Plant Helping Tiremakers Reduce Polymer Import
    The second phase of Takht-e-Jamshid Petrochemical Plant in Mahshahr, Khuzestan Province, will be inaugurated in the coming days, managing director of National Petrochemical Company said. “The...
  • Oil Prices Could Make a Run at $80
    Oil prices could surge toward $80 a barrel if escalating geopolitical tensions disrupt Middle East crude supplies, analysts told CNBC on Friday, with energy market participants “on tenterhooks”...
  • OSG Systems Boost Kerman Power Output
    Two small-scale power plants with distributed generation system joined the national grid in Rafsanjan County, Kerman Province on Tuesday, managing director of the provincial electricity...
  • 3 Dams Open in Ardabil Province
    President Hassan Rouhani inaugurated three dams and an irrigation network in the northwestern Ardabil Province on Wednesday.
  • Household Gas Consumption in Iran Jumps 40%
    Household gas consumption reached 530 million cubic meters a day over the first 10 days (Dec. 22 – Dec. 31, 2019), dispatching director of National Iranian Gas Company said.  
  • Liquid Fuel Export Comes to the Rescue
    Boosting output of petroleum products is a declared policy of the government and has generated $9 billion from exporting liquid fuels, managing director of National Iranian Gas Company said. This...
  • Oil Posts Biggest Yearly Rise Since 2016
    Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged US-China trade war and ongoing supply...
  • Dams Are No Smart Solutions
    Based on the March 2020-21 budget bill, close to $160 million will be allocated to dam construction in the next Iranian year. This the amount, five times bigger than the Department of Environment'...
  • $3.5b Bid Boland Gas Refinery to Come Online
    Construction of Bid Boland Gas Refinery in Khuzestan Province is almost complete and is expected to go on stream by the end of winter or early spring, the managing director said. “The mega project...
  • Water Conflicts Can Be Resolved
    Water is like a double-edged sword that can be a catalyst for peace, help countries build cordial ties and settle differences, but also can create conflicts leading to war. Energy Minister Reza...
  • Rouhani Says Petrochem Revenues Will Rise 47% in Two Years
    Annual petrochemical revenues are expected to reach $25 billion in 2021. President Hassan Rouhani announced this on Monday addressing investors and businesses involved in the petrochemical...
  • Oil Edges Up on Upbeat Data, Mideast Unrest
    Oil prices held on to three-month high on Monday, underpinned by optimism over an expected China-US trade deal and upbeat industrial data, while traders kept a close watch on the Middle East...
  • Major Challenges Confront Iran Shipping Fleet
    Iran's shipping fleet cannot get services (like bunkering) in international waters and ports from Jan 1 because the vessels have not been able to conform with the International Maritime...
  • Oman Sea Water Supply to 3 Provinces From February
    The plan to supply water from the Oman Sea in south  Iran to three eastern provinces will begin in February,  deputy director of Khorasan Razavi Regional Water Company said. “An estimated 750...
  • Iran's Gas Transport Network Needs Renovation
    Iran has 37,000 kilometers of high-pressure gas pipelines and more than 2,000 trucks to transport CNG, a large part of which need renovation, the manager for operations coordination at the Iranian...
  • DoE Chief Dismisses Caspian Water Plan as a Nonentity
    The plan to transfer water from the Caspian Sea to the drought-hit Semnan Province will not see the light of day in the near future, not due to ecological concerns but because it is economically...
  • Capacity of Renewable Power Ignored
    Iran has enough potential to produce higher amounts of electricity from renewable sources while the current power output from it is less than 1,000 MW, vice president of Iran Electrical Industry...
  • Utilizing of APG to Expand in Iran
    In the framework of commitments to help protect the environment, an estimated 400,000 cubic meters of associated petroleum gas will be collected from Sa’adatabad Oil Field in Fars Province on a...
  • Oil Hits Three-Month High
    Oil prices rose on Friday, hitting three-month highs after data showed record online spending by US consumers even before the hoped-for end to the trade war between Washington and Beijing.  
  • Ship Owners Rush to Debunker HSFO as IMO 2020 Looms
    With less than a week to go before the implementation of global low sulfur regime for bunker fuels, a large number of ship owners in the race to be compliant are offloading the ineligible grades,...
  • 1,450-Ton Rig Adds to South Pars Output
    To boost output from the South Pars Gas Field, the third offshore deck of Phase 14 started natural gas production on Friday, the development manager said. “The new platform (14B) has added 14...

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