Energy

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

  • 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...
  • 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...
  • 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.  
  • 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...
  • Water Quality Improves in Tehran’s Southern Regions
    A water pipeline from Mamlou Treatment Plant in Pakdasht County (35 km southeast of Tehran) to Pishva County (45 km southeast of Tehran) was launched on Monday, managing director of Tehran Province...
  • 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...
  • Oil Slips as Traders Expect OPEC+ to Ease Supply Cuts
    Oil slipped nearly 1% on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices.  
  • South Khorasan, Lorestan Bet on Solar Farms
    To make optimum use of the open space in holy shrines and associated property in South Khorasan Province, installation of 22 small-scale solar power farms has long been on the agenda and 12 are...
  • Iraq Oil Output Down 9% in June, But Still Above Quota Set by OPEC+
    Iraq's oil production, including output from the semi-autonomous Kurdish region, fell 9% in June but was still above the amount it agreed to in the historic OPEC+ output cuts, official figures...
  • The Thirsty Province
    Data released by the Drought Management Center at Iran's Meteorological Organization shows almost 80% of Isfahan Province is suffering from dry and disturbing conditions to varying degrees....
  • POGIDC Tasked With Yaran Joint Oilfield Development Project
    National Iranian Oil Company has signed a contract with Persia Oil and Gas Industry Development Company to develop Yaran joint oilfield in Khuzestan Province.  
  • Tavanir Replacing Aerial Bundle Cables With Conventional Bare Conductors
    Over 80,000 kilometers of conventional bare conductors has been replaced with aerial bundled conductors in recent years, the head of Iran's Power Generation, Distribution and Transmission Company (...
  • Zahedan Expands Desalination Capacity
    The fourth phase of Zahedan Water Desalination Plant in Sistan-Baluchestan Province will open soon, managing director of the provincial Water and Wastewater Company said.  "Using reverse osmosis...
  • Biggest Monthly Surge in US Oil Inventories Since 1920
    The oil demand crash in April, when most of America was under stay-at-home orders, resulted in the biggest monthly inventory jump in US commercial crude oil inventories in data going back to 1920,...
  • Oil Declines as US Virus Cases Hit Record
    Oil prices fell on Friday, adding to steep losses from the previous session, and were headed for weekly declines on worries that renewed lockdowns following a surge in coronavirus cases in the...
  • CNG Sales at Pre-Pandemic Levels
    Compressed natural gas consumption rose by 10 million cubic meters per day in June compared to March, head of CNG department at the state-run National Iranian Oil Products Distribution Company said...
  • Fuel Glut Forces China to Cut Processing Rates
    Higher oil prices, compared to April, and a fuel glut in Asia are depressing refining margins, likely forcing China’s independent refiners to scale down crude oil processing rates in the third...
  • Wind Power Coming to Sistan-Baluchestan
    A 50-megawatt wind farm in Sistan-Baluchestan Province will start partial operation by fall, managing director of Iran Power Generation, Transmission and Distribution Management Company (Tavanir)...
  • IEA Raises 2020 Oil Demand Forecast But Warns Covid-19 Clouds Outlook
    The International Energy Agency bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook.  
  • Renewables Shows the Way
    Putting a gradual end to fossil-fuel based sources from the energy mix and replacing it with renewables is the demand of wisdom, a lecturer at Sharif University of Technology said. “Not only does...
  • Renewed Action Against Tehran Illegal Water Wells
    As the water shortages worsen, 272 illegal water wells were sealed in the past three months in Tehran Province, the deputy for operations at the Tehran Regional Water Company said. “Due to the...
  • NIGC Reports Higher Capacity
    Natural gas refining capacity has surpassed 1 billion cubic meters a day, coordinating manager at the National Iranian Gas Company said Tuesday. “Close to 1.3 bcm can be processed daily in gas...
  • Cyber Attack on Ahvaz Power Station Denied
    The Energy Ministry in Tehran ruled out the possibility of a cyber-strike or sabotage on Ahvaz Power Plant where a blast was reported on Saturday.  
  • Tehran Oil Refinery Expands Wastewater Infrastructure
    To help reduce consumption of piped water across the sprawling capital, the second phase of a development plan to transfer sewage from the South Tehran Wastewater Treatment Complex to Tehran Oil...
  • Oil Prices Mixed as Virus Spike Casts Shadow Over US Demand
    Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while US benchmark WTI futures dropped on concern that a spike in coronavirus...

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