Energy

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

  • PET Prices Decline in Iran
    Prices of polyethylene terephthalate (PET), a form of polyester that is used in the production of plastic bottles, have plummeted by 56% in recent days after sharp rise over the past few months,...
  • China's Nov. Oil, Gas Imports Set Record
    China’s imports of crude oil hit a fresh monthly high in November, customs data showed on Saturday, beating the record set in October on heavy buying from private refiners and trial starts of new...
  • IranianPetrochem Co. to Raise Paraxylene Output
    Nouri Petrochemical Company in southern Bushehr Province has launched a program to increase paraxylene production and the project is due to be completed by the end of the current fiscal, the...
  • Iran Exempt from OPEC 1.2m bpd Output Cut
    OPEC concluded its 175th meeting with an accord to remove 1.2 million barrels a day of crude from the market, with non-OPEC allies including Russia taking a 400,000 barrel-a-day share.  Iran is...
  • Energy Minister:  Power Expansion Projects in 27 Provinces
    Energy Minister Reza Ardakanian said Tuesday construction work is underway for building 31 power plants with total capacity of 19,000 megawatts in 27 provinces. Speaking on the sidelines of the...
  • First Offshore Platform of Iran's South Pars Phase 13 Installed
    To fast track gas production in the South Pars Gas Field in the Persian Gulf, the first offshore platform of the field's Phase 13 was installed on Wednesday. According to Payam Motamed, operator...
  • Iraq Could Be Next to Break Ranks With OPEC
    Compliance across OPEC is in question amid conflicting interests regarding oil production cuts and an abrupt withdrawal announcement from Qatar. While the tiny Persian Gulf sheikhdom’s departure...
  • Iran's Gas Supply to Baghdad Will Resume After Short Suspension
    Natural gas to the Iraqi capital Baghdad that had been suspended last week after the magnitude 6.4 earthquake in Kermanshah Province, will resume soon, a spokesman for the National Iranian Gas...
  • Russia Oil Output Dips
    Russia’s oil output dipped in November, preliminary data from Russia’s federal state budgetary organization CDU TEK said over the weekend, days before the OPEC summit scheduled for December 6 that...
  • Iran’s OPEC Governor:  Crude Could Plunge to $40
    Oil prices will plummet to $40 a barrel unless OPEC and its allies cut output significantly, and the group is unlikely to succeed in reviving the market, a senior Iranian oil official said.
  • More Homes in Zahedan Linked to National Gas Grid
    Expanding the gas grid and supplying households with natural gas in the underprivileged provincial capital of Zahedan is on track, the head of Sistan-Baluchestan Province Gas Company said. "Close...
  • In a bid to meet the increasing demand for electricity in Gachsaran, in Kohgiluyeh and Boyer-Ahmad Province in the southwest, a small thermal power plant will be connected to the national grid by...
  • Hormozgan Combined Cycle Power Plant Connected to National Grid
    A gas unit of the Hormoz Combined Cycle Power Plant in southern Hormozgan Province has been connected to the national grid, said the director of private power plant projects at the Thermal Power...
  • Solar Power Expanding Footprint in Qom
    Construction of a 100 kilowatt solar power plant has started in Qom Province, managing director of Qom Water and Wastewater Company said. “Built on a 1,500-square meter land, the project will...
  • Wet Year! What Wet Year?
    Despite the promising autumn rain, total precipitation is still 48 millimeters below its long-term average, head of the National Drought Warning and Monitoring Center, a subsidiary of Iran...
  • Qatar Will Leave OPEC in January
    Qatar is to leave OPEC next month in order for the Persian Gulf state to focus on gas production, the country’s new Energy Minister Saad al-Kaabi announced in a surprise move on Monday. Qatar has...
  • Renewables Help Iran Save 575m Liters of Water in Eight Years
    An estimated 2.6 billion kilowatt hours of electricity has been produced from renewable sources since March 2009. According to Paven, the Energy Ministry's news portal, the output helped save 575...
  • Putin Says Russia, Saudis Will Extend OPEC+ Oil Pact
    Russia and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+, although the two sides have yet to agree on any fresh output cuts.
  • Work Starts on Iran's Persian Gulf Star Refinery Phase 4
    Construction work on the fourth phase of Persian Gulf Star Refinery in the southern Hormozgan Province has started and is expected to be completed in less than two years, director of planning and...
  • SVB Energy Int’l: Crude Exports to Average 1.2mbpd Until March
    Despite waivers the US government granted to eight countries after imposing sanctions on Iran’s oil exports, the country’s crude sales will fluctuate between 1.1and 1.3 million barrels per day for...
  • Survey Shows Saudis, UAE Cover Iran Oil Loss
    OPEC oil supply has fallen in November from a two-year high due to US sanctions on Iran, a Reuters survey found, although most of the output gap left by Iran was plugged by Saudi Arabia and the UAE...
  • Japan to Resume Crude Oil Imports From Iran
    Japanese firms will continue buying crude oil from Iran with the maximum capacity possible before the end of the 180-day period during which it is exempt from new US sanctions on Iranian oil...
  • Novak: Uncertainty Clouding OPEC Decisions
    OPEC coalition decisions on further global oil market cooperation will be taken next week amid uncertainty over many factors impacting the industry, including Iranian crude export volumes, but...
  • Eni Expanding Presence in Oman, UAE
    Italian major Eni is in talks to expand its footprint in Oman and the United Arab Emirates as part of plans to build its asset base in the oil-rich Persian Gulf and offset its reliance on Africa, a...
  • Ardebil Geothermal Power Plant Victim to Financial Dispute
    Financial disputes between the Energy Ministry and the contractor of the first geothermal power plant in Meshgin Shahr, Ardebil Province, has brought the project to a standstill, the governor of...

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