Energy

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

  • OPEC+ Sticks With Supply Plan
    The OPEC+ coalition will likely hold firm to its oil production plans this week, even as the European Union moves to sanction group member Russia, delegates said.  
  • Mansouri Oilfield Output Up 4,000 bpd
    The development of two wells at the Mansouri Oilfield in Khuzestan Province is complete, said the managing director of Oil Industries' Engineering and Construction Group, contractor of the...
  • Zanjan Power Plant Injects 183 MW Into National Grid
    The first 183-megawatt gas unit of Aryan Power Plant in Zanjan Province was linked with the national power grid on Tuesday, the energy minister said. “Costing $300 million, close to 2.1 million...
  • EU Bans Russia Crude Imports
    Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fueling worries of a tighter market already strained for supply amid rising demand ahead of peak US and...
  • High Electricity Wastage in Steel Sector Troublesome
    The production of 1 ton of steel in Iran requires 800 kilowatt hours of electricity, which is 62% higher than the global average. Based on data from academic studies, the average power consumption...
  • Inter-Basin Water Transfer to Revive Lake Urmia Not Viable
    Surveys conducted by foreign research centers in collaboration with domestic firms have shown that diverting water from the Caspian Sea in the north to Lake Urmia, Iran's largest salt lake in West...
  • Manjil Wind Farm Output Rises
    Electricity generation at Manjil Wind Farm in Gilan Province during the second month of the current Iranian year (April 21-May 21) increased by 21% compared to the previous month, a deputy manager...
  • Water Stored in Dams Hit 27.6 bcm, Down by 6% YOY
    Statistics show that since the beginning of the current water year (Sept. 2021) until May 28, the total volume of water stored in dams across Iran has reached 27.6 billion cubic meters, which...
  • Brent, WTI Prices Climb to Over Two-Month Highs
    Oil prices rose on Monday, hitting their highest in more than two months, as traders waited to see whether the European Union would reach an agreement on banning Russian oil imports.  
  • Gas Supply to Ilam Rural Regions Near Completion
    The urban population of Ilam Province in western Iran has been completely supplied with gas and with the completion of gas supply projects to 44 villages by the end of the current Iranian year (...
  • Lordegan Petrochemical Company’s Monthly Output Rise by 540% YOY
    The production of Lordegan Petrochemical Company in the southwestern Chaharmahal-Bakhtiari Province in the second month of the current Iranian year (April 21-May 21) has increased by 540% compared...
  • Construction of 9 Thermal Power Stations Making Rapid Progress
    The construction of nine thermal power stations across the country, which started in February, has registered 60% progress, a deputy managing director of Iran Power Generation, Distribution and...
  • Emarat Dam Takes In Water
    With the completion of the construction of Emarat Dam in Germi County in northwestern Ardabil Province, it has been filled with water, managing director of Ardabil Regional Water Company said. “...
  • Stopgap Power Solutions Unhelpful
    Power outages and restrictions imposed on industries and households in summer may have short-term benefits, but it is illogical, unsustainable and ineffective in the long run, a member of the...
  • Project to Supply Water to Birjand Restarted
    Work on the project to supply water to Birjand in South Khorasan Province has resumed after a one-year gap. With the allocation of funds, the project is expected to be completed within the next...
  • Oil Near Two-Month High
    Oil prices hovered around a two-month high on Friday, with Brent crude on track for its biggest weekly jump in 1-1/2 months, supported by the prospect of a European Union ban on Russian oil and the...
  • Startups Helping Produce Low Sulfur Bunker Fuels
    Knowledge-based firms are helping Qeshm Star Bunkering Company to produce very low sulfur fuel oil (VLSFO), managing director of the firm said.  “The fuel conforms to the International Maritime...
  • Gachsaran Petrochem Plant to Come on Stream by March 2023
    The construction of Gachsaran Petrochemical Company in Kohgilouyeh-Boyerahmad Province has registered 91.5% progress, the managing director of the plant said. Mostafa Heydarian said the plant is...
  • Fourth Gas Unit of Iran LNG Power Station Goes on Stream
    The fourth 162-megawatt gas unit of Iran LNG Combined-Cycle Power Plant in Kangan County, Bushehr Province, has come on stream, with the fifth unit to become operational in a month. The combined-...
  • Gas Supply to Reach 7,000 Villages in Two Years
    Gas supply to urban areas across Iran is near completion while gas will be supplied to 7,000 villages in the next two years, the head of gas supply affairs at the National Iranian Gas Company said...
  • Khorasan Razavi Wind Farm Linkup With National Grid in Summer
    The first phase of a 25-megawatt wind farm in Khaf County in Khorasan Razavi Province is to be completed by the private sector in summer, spokesman of Iran's Renewable Energy and Energy Efficiency...
  • Tehran Emergency Water Supply Project Behind Schedule
    Despite expanding Tehran's water supply network by at least 150 kilometers over the last five years, the plan to install emergency water supply tanks is behind schedule, the head of the state-owned...
  • Projects Underway to Make Isfahan Refinery ‘Green’
    Isfahan Oil Refining Company has invested more than $1.4 billion in the past on environmental projects to make it a “green” enterprise in two years, managing director of the refinery said. “With...
  • Gas Condensates Output Up 16m Barrels
    South Pars Gas Complex produced 253 million barrels of gas condensates in 2021, managing director of the major gas complex said. "Output showed 7% or 16 million-barrel growth compared with the...
  • Increasing Gas, Petrochemical Production in Western Regions
    The Persian Gulf Petrochemical Industries Company and the Iranian Central Oil Fields Company have signed a memorandum of understanding to develop the second phase of the Tang-e-Bijar gas field to...

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