Energy

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

Oil Prices Tick Up
Oil Prices Tick Up
July 21, 2023 17:55
  • New Petro-Refinery to Be Built in Hormozgan Province
    The construction of Shahid Soleimani Petro-Refining Plant will start soon in the southern Hormozgan Province, Oil Minister Javad Owji said. “With a refining capacity of 300,000 barrels per day,...
  • 1st Industrial Power Plant to Become Operational by June
    The first power plant constructed with the investment of industries will come on stream by June, a deputy managing director of Iran Power Generation, Distribution and Transmission Company (Tavanir...
  • Tavanir Planning to Offset Summer Power Demand Hike
    Electricity demand is expected to reach a peak of 70,000 megawatts in June, which will be 3,000 MW more than that of last year, the head of Iran Power Generation, Distribution and Transmission...
  • Oil Drops Over China Lockdowns
    Oil prices dropped more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from...
  • Kangan Refining Company to Complete Value Chain of Products
    The second phase of Kangan Petro Refining Company in Bushehr Province, the construction of which is underway, is expected to come on stream by 2024. This phase includes an ethylene plant, which is...
  • Private Sector Increasing Renewables Generation Capacity
    Renewable power stations with a total capacity of 900 megawatts will come on stream by 2025, Ghadir Energy Investment Company, a member of the Power Generation Companies Syndicate, said. “The...
  • Gas Use Hit 238 bcm in 2021
    The state-run National Iranian Gas Company injected close to 256 billion cubic meters of gas into the Iran Gas Trunkline (IGAT) in the last fiscal year that ended on March 20, 2022, the head of...
  • Drinking Water Loss Reaches 25%
    The rate of drinking water loss from decrepit transmission lines in the country is about 25%, the energy minister said.  
  • Electricity Export Revenues Reach $600 Million in 2021
    Electricity export from Iran to neighboring countries generated $600 million in 2021, a deputy energy minister said. "The state-run Iran Power Generation, Distribution and Transmission Company [...
  • Iran Soil Erosion 7 Times Global Average
    The annual rate of soil degradation in Iran is sevenfold higher than the global average while soil formation process is much slower than in other parts of the world due to its special geological...
  • Natural Gas Storage Capacity to Double in Eastern Regions
    The construction of the second phase of Shourijeh gas storage facility in Sarakhs County, Khorasan Razavi Province, started at the weekend to help ensure energy security in the cold seasons of the...
  • Oil Prices Set for 3% Weekly Fall
    Oil prices drifted lower on Friday and were set to drop around 3% for the week as consuming countries' planned release of 240 million barrels from emergency stocks offsets some concerns over...
  • Persian Gulf Bidboland Gas Refinery to Produce Propylene
    Executive operations for the construction of a propane dehydrogenation (PDH) plant at the Persian Gulf Bidboland Gas Refinery in Khuzestan Province will begin soon, managing director of the...
  • Iraq Needs Iran’s Gas for Years
    Iraq requires Iran’s gas for years to feed its power plants, as Iran’s gas is suitable for Iraq and its price is reasonable, Iraqi Minister of Electricity Adel Karim said. In order to address...
  • Brent, WTI Prices Increase
    Oil futures rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in US crude stockpiles and...
  • DOE Determined to Block Miankaleh Petrochem Plan
    Not a single permit has been granted to any state organization or private sector contractor to build a petrochemical plant in Miankaleh Wetland in Mazandaran Province, the Department of Environment...
  • Power Consumption Increases During Norouz Holidays
    Electricity consumption in Iran increased by 4% from the beginning of Norouz (Iranian New Year that started on March 21) until April 4 compared with the same period of last year, managing director...
  • Dehloran Complex to Help Complete Petrochem Industry’s Value Chain
    The construction of three units to produce high-density polyethylene, low-density polyethylene and propylene has begun at the Dehloran Petrochemical Complex. The HDPE and LDPE units will have a...
  • Tehran Oil Refinery Accounts for 50 Percent of Iran’s Jet Fuel
    Tehran Oil Refinery Company accounts for 50% of jet fuel produced in Iran, the head of the refining company said. “The facility receives 250,000 barrels of crude per day as feedstock, a part of...
  • Asalouyeh Power Station Upgraded
    The conversion of Besat single-cycle power station in Asalouyeh in Bushehr Province to a combined-cycle facility was completed on Tuesday, the managing director of Pars Oil and Gas Company, a...
  • Oil Supply Concerns Hike Prices
    Oil prices inched higher on Monday as worries about tight supply persisted even as investors eyed the release of supplies from strategic reserves from consuming nations and a truce in Yemen sparked...
  • Norouz Gasoline Use Rises 30%
    From March 19, two days before the beginning of the Norouz (Iranian New Year) holiday season, until its end on April 3, on average 112 million liters of gasoline were consumed every day across Iran...
  • New Plants in Sarakhs to Help Complete Sulfur Value Chain
    Two factories have been inaugurated at Shahid Soleimani Sulfur Complex in the northeastern Sarakhs County, Khorasan Razavi Province, to reduce raw sulfur sales and convert lump sulfur into more...
  • Second Oilfield in Fars Province Becomes Operational
    South Zagros Oil and Gas Production Company has completed the first phase of Khesht Oilfield’s development in Fars Province, managing director of the National Iranian Oil Company said. "Phase 1...
  • Drilling Operations at Arash Gas Field to Start Soon
    Iran will start drilling operations at the Arash gas field in the Persian Gulf in the near future, Oil Minister Javad Owji said. “Comprehensive studies on the joint Arash field have been completed...

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