Energy

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

  • Reclaimed Wastewater for Hamedan Petrochem Plant
    To help alleviate water shortages in Hamedan Province, Hegmataneh Petrochemical Plant will use treated wastewater instead of water from dwindling underground aquifers, managing director of the...
  • World Bank: Global Gas Flaring Highest Since 2009
    According to the World Bank, estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters, equivalent to the total annual...
  • Desalination Spreads as Water Stress Rises
    Eight provinces in Iran will be provided seawater after desalination, the deputy minister for water and wastewater affairs at the Energy Ministry said.  “The government has issued permits for...
  • Oil Gains as Vaccine Hopes Edge Out Rise in Infections
    Oil prices edged higher on Tuesday on positive news on vaccine trials, but are still within the narrow trading band of the past three weeks amid fears that new lockdowns could derail a recovery in...
  • Ardebil Geothermal Power Plant to Be Commissioned Next March
    The first phase of Iran’ first geothermal power plant will be commissioned by the end of the current fiscal in March 2021, managing director of Thermal Power Plants Holding Company said. Located...
  • Gas Export Not a Priority
    The three priorities of the gas industry is people’s welfare, injection into oil wells to increase efficiency, and use in industries. Export of gas is down the line in fourth place, a spokesman of...
  • Petropars Signs $1.3 Billion S. Azadegan Oilfield Agreement
    The National Iranian Oil Company concluded an agreement with the domestic company Petropars to develop the giant South Azadegan Oilfield in Khuzestan Province. The $1.3 billion contract aims to...
  • Oil Prices Fall on Worries Over Fuel Demand Setback as Infections Rise
    Oil prices dropped on Monday, amid concerns that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world.  
  • Utilities Struggle With Peak Load
    Power load peaked at all-time high of 58,104 megawatts on Saturday, up 330 MW compared to the highest recorded in 2019, spokesman for the Energy Ministry said. “This consumption is the highest...
  • Gas Flaring Down 40%
    The National Iranian Oil Company has reported that gas flaring in oilfields declined 40% in 2019 compared to 2017. According to ISNA and based on NIOC data, daily gas flaring in 2017 was 50...
  • Yazd Water Deficit Worsens
    Agriculture accounts for 83% of the water used in the arid Yazd Province, head of the provincial water company said. “Water use in the agro sector is alarmingly inefficient as less than 40% is...
  • Petchems to Prioritize Virus Fight
    The oil minister has asked petrochemical companies to supply raw materials for products needed for battling the coronavirus.  
  • Energy-Efficient Cooling Systems Will Help Curb Greenhouse Gas Emissions
    As the world heats up, converting to energy-efficient cooling systems is a major way to curb greenhouse gas emissions and limit climate change, according to a new report from the UN Environment...
  • Retrofitting Vehicles With CNG on Track
    In May a website was introduced by the National Iranian Oil Products Distribution Company, where certain vehicles can register for free conversion of their vehicles into compressed natural gas...
  • Oil Prices Slip Amid Uncertainty Over Fuel Demand
    Oil prices slipped on Friday amid growing uncertainty about the global recovery in fuel demand as coronavirus cases surged in several countries, while major producers were set to ease output curbs...
  • $111 Million Spent to Improve Hormozgan Energy Conditions
    Twenty water and electricity projects costing $111 million were inaugurated Thursday in Hormozgan Province. These include a desalination plant with a capacity of 20,000 cubic meters in Bandar Abbas...
  • Oil Majors Set Collective Goal to Cut Carbon Emissions
    Some of the biggest oil companies in the world set their first joint target to cut their collective carbon emissions from upstream operations in a move that saw Saudi Aramco and ExxonMobil joining...
  • Ilam Petrochem Co Will Supply Ethylene to WEP
    The olefin unit of Ilam Petrochemical Complex will start producing ethylene next week, the managing director said. “After launch, a part of the production will be supplied to the West Ethylene...
  • Oil Climbs After Sharp Drop in US Inventories
    Oil prices rose on Wednesday following a sharp drop in US crude inventories, with the market waiting for next steps from a meeting later in the day on the future level of output cuts by OPEC and...
  • Mobile Power Generation for Sistan-Baluchestan
    The second mobile power plant will be synchronized with the national grid soon to help prevent power disruption in Saravan city in Sistan-Baluchestan Province, managing director of the Provincial...
  • Global Oil Demand Set for Record Rise in 2021
    Global oil demand will soar by a record 7 million barrels per day in 2021 as the global economy recovers from the coronavirus pandemic but will remain below 2019 levels, OPEC said in its monthly...
  • Khoy Running Dry
    Water shortage in Khoy County in West Azarbaijan Province has intensified with the depletion of groundwater aquifers, digging new wells and delays in building dams on rivers. Khoy is the second...
  • OPEC+ Set to Roll Back Some Production Cuts
    OPEC+ production cuts have brought oil prices back from the brink, but the group will have to tread carefully to avoid triggering a new price collapse when it begins to reverse those reductions.  
  • Petrochemical Exports Help Offset 20 Percent of Oil Loss
    Export of 23 million tons of petrochemicals in the last fiscal (ended in March) helped offset at least 20% of lost oil revenues, a member of the board of directors of the National Petrochemical...
  • Kish Power Plants Cut Diesel Use
    Supplying associated petroleum gases from oilfields in Sirri Island to thermal power plants in Kish Island over the decade has significantly cut the use of high levels of diesel, head of operations...

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