Energy

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

Oil Prices Tick Up
Oil Prices Tick Up
July 21, 2023 17:55
  • Indigenized Platinum-Based Catalyst Is Unveiled in Kish
    Platinum-rhodium catalyst used to produce isocyanates in the petrochemical industry has been indigenized by Iranian knowledge-based companies and was unveiled at the second specialized exhibition...
  • Desalination Is Indispensable
    Seventy plus desalination plants that process 309,000 cubic meters of saline water a day opened in the past ten years and  cost $250 million, the deputy energy minister for water and wastewater...
  • Domestic Manufactures to Supply Bidboland Refinery
    Iranian manufactures will provide equipment and parts including electro-compressors for the Persian Gulf Bidboland Gas Refinery, managing director of the refinery said. “The refiner has signed...
  • 40% Decline in Precipitation
    Rainfall in Iran's six main catchment areas has plunged 40% since the beginning of the current water year in Sept. 2020.  
  • Inferno Disrupts Power Export to Afghanistan
    A massive explosion at Iran’s Dogharoun border terminal with Afghanistan in Khorasan Razavi Province has cut off electricity export to the neighboring state since Saturday, a spokesman for the...
  • Oil Extends Rally on Supply Disruptions
    Oil prices advanced further on Wednesday, underpinned by major supply disruption in the south of the United States this week caused by a winter storm in Texas.  
  • Lordegan Petchem Plant Starts Export
    Lordegan Petrochemical Company in Chaharmahal and Bakhtiari Province has exported its first ammonia shipment to Turkey, managing director of the complex said Tuesday. “The 2,500-ton cargo has been...
  • Neka Thermal Power Plant to Use Caspian Sea Water
    To reduce water use from depleting underground resources in Mazandaran Province, a desalination unit is set to become operational at Shahid Salimi (Neka) Power Plant in April, head of the power...
  • Water, Power Projects Open in Five Provinces
    Twenty four water and electricity projects worth $50 million were inaugurated in five provinces on Tuesday. Nine were in Qazvin Province, five in Lorestan, and Chaharmahal-Bakhtiari each, four in...
  • Petchem Expo Opens in Kish
    The second specialized exhibition and conference to support domestic manufacturing in the petrochemical industry opened in Kish Island in the Persian Gulf on Monday. Hosting 160 domestic oil...
  • Minister Defends Monopoly on Electricity Export Sector
    In the present conditions allowing private companies to get involved electricity export will deprive the Energy Ministry of crucial forex revenue, the energy minister said. “Selling power to...
  • LPG Demand 2m Tons p.a.
    Two million tons of liquefied petroleum gas is consumed annually in Iran, managing director of Persi Iran Gas Company said. “The company, which is the biggest LPG supplier, sells 66,500 tons of...
  • Brent, WTI at 13 Month Highs
    Oil prices soared on Monday to their highest in about 13 months as fears of heightened tensions in the Middle East prompted fresh buying, while hopes that a US stimulus and an easing of lockdowns...
  • NIGC, Turkey’s Botas Explore Future of 2001 Gas Contract
    The National Iranian Gas Company (NIGC) has started negotiations with Botas, Turkey's state oil and gas company, to renew a natural gas contract that expires in 2026, the deputy oil minister for...
  • Yazd Shows Green Energy Progress
    Construction of the 10 megawatt solar farm in Bafq County, Yazd Province, has shown 49% progress, the Bafq governor said. “Built on 20 hectares in Kushk village in the central dry region, the...
  • Power Co. in Tehran Denies Using Mazut
    It is often reported that use of mazut in power plants including the Besat facility is a major source of air pollution in Tehran. However, the managing director of the plant says it has not burnt...
  • CNG Conversion Scheme Grows
    The first privately-run compressed natural gas cylinder manufacturing plant opened in Alborz Industrial Town in Qazvin Province on Saturday, the provincial governor general said. "Annual...
  • Lorestan Building 8 Dams
    Eight dams are in different stages of construction in Lorestan Province, managing director of the provincial Regional Water Company said.  
  • Oil Jetty in Qeshm Near Completion
    An oil jetty in the Persian Gulf is near completion in Qeshm Island and will be launched in spring, head of economy and investment affairs at Qeshm Free Zone Organization said Monday.  
  • Iran Increasing Oil Export
    Iran is exporting more oil even as sanctions remain in place, as it looks ahead to a full return to the global oil market as demand recovers from the pandemic.  
  • Mapna’s Hydrogen Gas Turbine to Make Debut
    Mapna, the engineering and energy giant, has manufactured hydrogen-fuelled gas turbines that consume less gas to generate electricity and instead of hazardous emissions discharge water, the...
  • Oil Loses More Steam After OPEC Cuts Demand Forecast
    Oil prices dropped for a second day on Friday, pulling further back from a one-year high after OPEC again lowered its demand forecast and the International Energy Agency said the market was still...
  • Water Access Improves in Fars
    Two dams, Molla Sadra and Tang-e-Khomar, were inaugurated in southern Fars Province on Tuesday. Located 140 kilometers from the provincial capital Shiraz, the first dam will help expand farming in...
  • Asalouyeh Polluters Warned
    Energy companies in Asalouyeh, Bushehr Province, which store sulfur in open-air conditions have two months to build roofed warehouses and handle hazardous chemicals in enclosed areas, the...
  • Hedge Funds Bet on Oil's Big Comeback
    Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production.  

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