Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by US producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report…
Energy
Crude oil processing capacity in the National Iranian Oil Refining and Distribution Company (NIORDC), a subsidiary of the National Iranian Oil Company, has risen 43% to 2.3 million liters per…
To help develop power infrastructure in shared oilfields with Iraq, a 500 megawatt power station became operational in Iran’s largest oil block known as West Karoun in Khuzestan Province, chief…
In the first five months of the current fiscal year (started May 20), more than $1 billion worth of gasoline was exported, head of the Islamic Republic of Iran Customs Administration said.
To expand the value-added chain in the petrochemical sector, the first phase of Bushehr Petrochemical Company in Pars Special Economic Energy Zone (PSEEZ), southeast of Bushehr Province, became…
Crude oil prices rose on Monday as storms closed in on the Gulf of Mexico, shutting more than half its oil production, and on coronavirus optimism after US regulators approved the use of blood…
Iraq could lower its reliance on Iranian gas and electricity imports next year if (and when) OPEC's second largest oil producer can implement multi-billion deals signed with US companies and…
The sixth and ninth Iran Gas Trunklines (IGAT-6 and 9) were officially launched on Monday. Over $3.6 billion has been invested on the two projects, about a third of which ($1.3 billion) was put…
Gas production from the third platform of South Pars Gas Field Phase 13 started on Friday, the operator said. “Gas from the satellite platform 13C is transferred to the 13A main platform via an…
Tehran Water and Wastewater Company, a subsidiary of the National Water and Wastewater Engineering Company of Iran (Abfa), and state-owned Renewable Energy and Energy Efficiency Organization,…
Construction of Nazlou Chay and Barandouz Chay dams in Urmia, West Azarbaijan Province, which was halted to stop the drying up of Lake Urmia, will restart soon reportedly after a direct order…
Fifty research projects are underway at subsidiaries of the Persian Gulf Petrochemical Industries Company, director of planning and development said Wednesday. Mojtaba Taheri was speaking in…
Oil prices climbed on Friday, on track for a third consecutive weekly gain, pulled higher by major oil producers’ efforts to hold back output amid concerns about economic recovery from the…
Contracts worth $1.7 billion have been signed between Iranian oil and services companies to increase production from existing fields, the oil minister said Wednesday.
Hydropower production in Tehran Province is projected to decrease by 21% in the current fiscal that started in March compared to 2019, head of hydropower installations at the Tehran Regional…
By the end of the current fiscal year in March, on average, every three weeks one wastewater treatment plant will be launched in Iran and a water treatment plant will come online every month,…
Average daily natural gas has surpassed 700 million cubic meters, a spokesman for the National Iranian Gas Company said. Refineries produce 703 mcm of natural gas, which is about 11% more than…
Thermal power production reached 127 billion kilowatt hours from the beginning of the current fiscal year in late March, up 11% compared to the same period in 2019, head of Thermal Power Plants…
OPEC and its allies have achieved the oil-market equivalent of a high-wire act: increasing supply even as demand remains depleted, without crashing prices. Whether they can successfully…
Iran’s first small-scale floating solar farm became operational in Mahabad Petrochemical Plant in West Azarbaijan Province on Tuesday, head of the company said. “The floating photovoltaic plant…
Mil-e Nader 50 megawatt wind farm in Sistan-Baluchestan Province will come on stream by March. It cost $70 million, the deputy governor for coordinating economic affairs said. “The wind power…
To collect toxic emissions, the first stage of a plan to recover gasoline vapor has been completed in all (3,400) filling stations across the country, head of the National Iranian Oil Products…
Oil prices rose on Monday following news China plans to ship large volumes of US crude in August and September, which outweighed concerns over a slowdown in demand recovery after the coronavirus…
The National Iranian South Oil Company and Iran Central Oil Fields Company -- both subsidiaries of the National Iranian Oil Company -- signed contracts with 14 domestic oil and gas companies on…
Technology that can convert salty seawater or brackish water into safe, clean drinking water has the potential to transform millions of lives across the globe, which is why so many scientists…
