The unprecedented decline in precipitation during the past water year (Sept. 23, 2017-Sept. 22, 2018) and years of drought have caused a steep decline in the water stored in hydroelectric dams. As a result, energy produced at 53 hydroelectric power plants in summer fell to 3.65 million megawatt hours, indicating a 36% reduction compared to the corresponding period last year, the Energy Ministry said.
Last water year was one of the driest in half a century...
Energy
iran energy news, Read the latest news about Iran’s oil and gas sector, renewable energy, electricity, water, and drilling industries.
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09/01/2018India will definitely not cut off entirely its crude oil imports from Iran, but it expects to have more... -
09/01/2018Iran's LPG shipments loaded, or due for lifting, in August rose by 84,000 million tons versus July... -
09/01/2018Iraq will send a delegation to the United States seeking an agreement on financial transactions with Iran... -
08/29/2018The Saudi king spoke and a $2 trillion dream went up in smoke. -
08/29/2018Using nuclear reactors to run seawater desalination plants can be cost-effective in areas straddling the southern coasts of Iran, as they meet most of their potable water demand from nearby... -
08/29/2018Equinor has raised the resource estimate for its giant oilfield Johan Sverdrup in the North Sea... -
08/29/2018The National Iranian Drilling Company is scrutinizing proposals presented by the Italian giant oil company Eni as well as Russia's Lukoil to undertake drilling projects in Iraq. Karam Ali Naderi,... -
08/29/2018Oil prices dipped on Tuesday, weighed down by gradually rising output from producer club OPEC. -
08/29/2018France’s oil and gas major Total—one of the few majors without exposure to shale... -
08/29/2018Projects to connect 10 towns and 1,900 villages across the country to the national gas have been completed and new subscribers will join the grid this week, the National Iranian Gas Company's... -
08/29/2018OPEC and its Russia-led non-OPEC partners in the production cut deal reduced their total oil production... -
08/28/2018Oil prices fell on Monday on concerns the US-China trade dispute will erode global economic growth... -
08/28/2018Trinidad and Tobago will continue to ship super-chilled natural gas all over the world, with a little help from... -
08/28/2018A senior executive at Sinopec, China’s largest refiner, said on Monday some of its refineries... -
08/28/2018Three gas refineries of South Pars Gas Field in the southern Bushehr Province will come on stream by the end of the current Iranian year (March 20, 2019), the managing director of South Pars Gas... -
08/28/2018South Sudan has resumed pumping 20,000 barrels per day of crude from the Toma South... -
08/28/2018China Petroleum & Chemical Corp. raised its dividend payout after half-year earnings jumped to... -
08/28/2018Industrialists are planning to fund the project to transfer water from Oman Sea to the drought-hit Yazd Province in central Iran, which is the most realistic option to help supply water. Yazd... -
08/28/2018Europe’s natural gas market is the most bullish it has been in years, as higher-than-expected... -
08/27/2018Iran’s largest wind farm, with a power generation capacity of 61.2 megawatts, was launched in Siyahpoosh region in Qazvin Province on Monday in a ceremony attended by Energy Minster Reza Ardakanian... -
08/27/2018Iran will find a way to circumvent US sanctions and develop the petrochemical industry under those limitations, the managing director of the National Petrochemical Company said. “We have the... -
08/27/2018OPEC and other oil exporting producers are expected to agree on a mechanism to monitor their crude... -
08/27/2018Russia’s state civil nuclear power corporation Rosatom has started to load nuclear fuel at the... -
08/27/2018Tabriz Oil Refinery in East Azarbaijan Province produces 5.3 million liters of gasoline per day, of which 50% meet Euro-4 standards, managing director of the refinery said. "The refinery's total... -
08/27/2018Iran's top engineering and energy conglomerate MAPNA Group is considering the conversion of all its single-cycle power plants into combined cycles, the managing director of MAPNA said on Sunday. "...
