Energy

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

  • Brazil to Auction Oilfields
    The administration of President Jair Bolsonaro plans to auction seven offshore oil fields in the northeast despite contrary advice from analysts of Brazil's main environmental body, according to...
  • South Pars Gas Flaring Down 21%
    Associated petroleum gas burning out of 10 gas refineries operational at the giant South Pars Gas Field off the Persian Gulf decreased by 21.6% last year compared to the year before. According to...
  • Tavanir Pays $750 Million in Debts to Contractors and Bank
    The finance department of government-affiliated Power Generation, Distribution and Transmission Company (Tavanir) said the company settled $750 million of its debt to private power companies,...
  • Iran Oil and Gas Condensate Exports Higher in March
    Crude oil and gas condensate loading from Iranian oil terminals, namely Kharg in the Persian Gulf, increased 12% to 1.70 million barrels per day in March, the highest since last October. "Major...
  • China Promoting Subsidy-Free Renewables
    China will give priority to the construction of wind and solar projects that can operate without subsidies this year, and will cap new subsidized capacity, the energy regulator said, part of...
  • Ardebil Geothermal Power to Start Operations in Winter
    First phase of the first geothermal power plant will be launched in winter, the managing director of Thermal Power Plants Holding Company said at the weekend. Located near the city of Meshkin...
  • Rural Areas Given Priority in Water Supply Programs
    Energy Minister Reza Ardakanian said Wednesday 2,000 villages on the outskirts of urban and rural areas will be provided with potable water by the end of the current fiscal (started March 21). "...
  • IEA Highlights Oil Demand Concerns
    The global oil market is tightening due to sharp production falls in Saudi Arabia and Venezuela, the International Energy Agency said Friday, but cautioned there are still "mixed signals" over the...
  • Khuzestan Oil Regions in Flood Zone
    Flash floods during the past three weeks in the west and southwest are taking a toll on oil production in oil-rich Khuzestan Province, the National Iranian Oil Company's deputy managing director...
  • Khuzestan Power Grid Reeling From Flood Impact
    More than 1,500 kilometers of overhead and underground transmission lines and 1,043 power pylons in southwestern Khuzestan Province (except in the provincial capital Ahvaz) were damaged in the...
  • Kuwait Says May Back Extension of OPEC-Led Cuts
    Kuwait will back an extension of OPEC-led production cuts beyond June if it's clear supply and demand factors warrant it, Haitham al-Ghais, Kuwait Petroleum Corp's manager for market research and...
  • 2 Phases of Major Petrochem Projects in Iran's PSEEZ Ready
    The second phase of Damavand Petrochemical Plant and the first phase of Bushehr Petrochemical Complex will come on stream by July in Pars Special Economic Energy Zone in Asalouyeh, Bushehr Province...
  • Iran Hydropower Capacity Doubles
    Recent rainfall increased the volume of water in dams and 80% of the dams are now full, while barely 40% were full last year, a deputy manager at Iran Power Generation, Distribution and...
  • US Oil Prices Up 50%
    Venezuela is in chaos. Iran is grappling with US sanctions. And now there is a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64...
  • India Delays May Order for Iran Oil
    Indian refiners are holding back from ordering Iranian oil for loading in May pending clarity on whether Washington will extend a waiver from US sanctions against the OPEC-member, four sources said...
  • Iran Needs to Capture Solar Power
    Solar energy generates electricity for household consumption at lower prices, significantly reduces toxic gases and helps farmers with their excess products, says Davoud Fadaei, a member of the...
  • Iran Energy Minister's Stance on Dams Questioned Following Recent Flooding
    Energy Minister Reza Ardakanian said dams played a key role in mitigating damage during the recent flooding in the western and southern regions.  A staunch advocate of dams, Ardakanian added, "...
  • Oil Climbs to 5-Month High Amid OPEC Cuts
    Oil prices rose to their highest level since November 2018 on Monday, driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US...
  • Blast at Gas Pipeline in Kermanshah, No Casualties or Damages Reported
    The West Ethylene Gas Pipeline ruptured in western Kermanshah Province on Sunday, the governor said.  
  • Iran Renewable Projects Looking for a Quick Fix
    Delays in paying private contractors have grounded many clean energy projects, a member of the Iran Renewable Energy Association (IrREA) said on Sunday.   "Most private companies have not been...
  • Russia Signals OPEC, Allies Should Raise Output
    One of the key Russian officials to foster a supply pact with OPEC, Kirill Dmitriev, signaled on Monday Russia wanted to raise oil output when it meets with OPEC in June because of improving market...
  • China Gas Demand Surging
    China’s natural gas demand is set to grow by 14% in 2019 amid a huge government push to spur consumption of the fuel, a senior industry executive said, requiring the nation to import huge amounts...
  • Iran: Holiday Season Gasoline Sales Exceed 1.8b Liters
    Gasoline consumption between March 20 and April 5 -- marking the Norouz (Persian New Year) holiday season -- hit a new record at 1.85 billion liters, showing a 1.9% rise compared to the same period...
  • Norway’s $1Trillion Fund Eyes Renewable Assets
    Weeks after Norway’s government proposed that the country’s $1-trillion fund divest from pure exploration and production oil companies, the cabinet said that it will allow the world’s biggest...
  • Iraq Will Continue Power, Gas Import From Iran
    Iraq will continue to import gas and electricity from Iran until power plants and gas fields in the country become self-reliance, the Iraqi Minister of Electricity Louay al-Khateeb said at the...

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