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
  • Markazi Qanats in Dire Straits
    Drilling wells, both legal and illegal, in Markazi Province’s counties have accelerated the death of qanats (aqueducts) in the region, the head of the Soil and Water Office at the provincial...
  • Oil Dips as Investors Eye US Crude Release
    Oil futures eased for a second session on Friday on expectations that Washington may soon act to cool prices that remain above $80 per barrel, while movement curbs in China to rein in a Covid-19...
  • Qeshm Crude Refinery Operational
    President Ebrahim Raisi on Friday officially launched Phase 1 of Qeshm ultra-heavy crude oil refinery in southern Hormozgan Province. Built by Pars Behin Palayesh Naft Qeshm Company, a subsidiary...
  • Inferno Kills Four in Qazvin Petrochem Plant
    A fire broke out in a distillate fuel storage tank at Charmshahr Petrochemicals Plant in Bouin-Zahra County, Qazvin Province, on Thursday, a spokesman of the Iranian Oil, Gas and Petrochemical...
  • Project to Facilitate Seawater Transfer to Sistan-Baluchestan
    Members of the parliament approved an article on Wednesday, based on which the Energy Ministry will attract investment for desalinating water from the Sea of Oman to transfer it to the...
  • Brent, WTI Prices Hold Firm
    Oil prices steadied on Wednesday after rising in the previous session on expectations that fuel demand will continue to strengthen as the US Federal Reserve is likely to raise interest rates more...
  • Collaboration With Russian Giants Key to Entering Int’l LNG Markets
    Drawing on the experience of Russian oil and gas giants is crucial to transform Iran into a major player in the global gas market, the former chief executive officer of National Iranian Oil Company...
  • Electricity Generation Capacity in Ardabil Set to Increase
    Two new steam units of Sabalan Combined Cycle Power Plant in Ardabil Province with a total capacity of 320 megawatts will be connected to the national electricity grid during the first half of the...
  • OPEC Targeting Crude Below $100
    OPEC and its allies do not want crude prices to climb to $100 a barrel and are reviving production quickly enough to prevent global markets from “overheating”, Oman’s oil minister said.  
  • Fajr Jam Gas Refinery Increases LPG Output
    With the help of development projects at the Fajr Jam Gas Refining Company in southern Iran, the production of liquefied petroleum gas has increased at the refinery, managing director of the...
  • Bushehr Nuclear Plant Resumes Operations
    Bushehr Nuclear Power Plant in the southern namesake city, which was temporarily shut down for technical overhaul and refueling, has resumed operation and added 1,000 megawatts to Iran’s...
  • Kerman Rural Water Projects Underway
    Projects to supply water to rural areas are underway in Kerman Province and according to plans, 442 villages will get piped water by the end of May, the managing director of Kerman Water and...
  • Brent, WTI Prices Edge Up on Kazakhstan, Libyan Supply Worries
    Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections.  
  • Power Export to Afghanistan Reaches 110 MW Daily
    Iran is exporting 110 megawatts of electricity to Afghanistan per day and this amount can be increased as the maximum export capacity to the neighboring nation is 175 MW, the energy minister’s...
  • South Pars Phase 11 Gains Momentum
    Development operations to lay subsea pipelines and install the platforms of Phase 11 of the South Pars Gas Field in the Persian Gulf have gained momentum, the contractor of SP Phase 11 said. "The...
  • Exports, Domestic Use Drain Gas Condensate Inventories
    The National Iranian Oil Company has substantially reduced its growing gas condensate stockpiles in recent months not only through exports but also due to higher local consumption, managing...
  • Power Grid Synchronization With Russia Underscored
    Harmonizing Iran and Russia’s electricity grids is the most viable and inexpensive option to help ease frequent power cuts during hot summer days when power load maximizes in Iran, the energy...
  • Iran Ready to Boost Gas Swap With Neighboring Countries
    Iran has the infrastructure for increasing gas import and swap with neighboring countries to 40 million cubic meters per day, or 15 billion cubic meters per year, the oil minister said. Javad Owji...
  • Electricity Meters Exceed 38 Million
    The number of electricity meters nationwide has soared by 700,000 over the past eight months to surpass 38 million, a spokesperson for the Power Generation, Distribution and Transmission Company (...
  • Abadan Desalination Plant to Become Operational in Feb.
    A desalination plant is expected to be launched in Abadan, Khuzestan Province, in the near future to help address the pressing water problems of the southwestern oil city, said the director of...
  • Oil Minister: Local Firms Capable of  Supplying Oil, Gas Equipment, Parts
    Oil Minister Javad Owji says domestic companies manufacture 70% of equipment needed in the oil and gas industry. “Local firms have the potential to manufacture 95% of equipment and parts required...
  • Isfahan Woes Worsened by Illegal Water Wells, Land Subsidence
    In the past 16 years, a total of 7,635 unauthorized water wells have been sealed in Isfahan Province, which helped save over 215 million cubic meters of water a year in the dry region, deputy of...
  • Crude Oil Heads for Best Week Since Mid-December
    Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fueled by supply worries amid escalating unrest in Kazakhstan and outages in Libya.  
  • Rising Consumption, Smuggling Hinder Gasoline Export
    Exports of gasoline have been suspended since May not only due to heavy domestic consumption but also owing to the rise in fuel smuggling, a member of the Iranian Oil, Gas and Petrochemical...
  • Gas Supply to Power Plants Increases
    Gas supply to power plants has increased by 6 billion cubic meters since the beginning of the current Iranian year (March 21, 2021) compared to the same period of last year, the National Iranian...

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