One million old meters have been replaced with smart electricity meters across the nation in the past three years and the same number will be substituted by the end of the current fiscal that…
Energy
Schlumberger Ltd., the world's leading oilfield services provider, posted its weakest sales in 14 years and is cutting one-fifth of its workforce while warning that new waves of Covid-19 could…
Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude dipped 14 cents, or 0.3%, to…
There is no problem in the production and allocation of urea fertilizer quotas, director of Iran's Association of Petrochemical Industry Corporation said.
Ukraine’s state-held gas firm Naftogaz is reportedly opposed to the pricing formula for US liquefied natural gas it could receive under a long-term contract, while there isn’t enough…
The first phase of a project to transfer water from the Persian Gulf to Kerman Province is completed and will be inaugurated soon, the provincial governor said.
Over a tenth of gas flares in the Permian Basin, the large oil field in the southwest of the US, tend to malfunction and release unlit methane into the atmosphere, the Environmental Defense Fund…
Exporting electricity can be more profitable if private firms are also allowed to sell, without state interference, the power they generate, head of the Federation of Iranian Energy Exports…
An estimated $13.5 billion has been invested for the construction of Mokran (also Makran) Petrochemical Complex in Chabahar, Sistan-Baluchestan Province, managing director of Negin Mokran…
More turbines are being hauled to wrap up construction of the Sarbisheh Wind Power Plant in Doreh rural district in South Khorasan Province, the provincial governor said. “Of the total 20 wind…
Oil prices rose on Friday on the back of a weaker US dollar, although demand concerns stemming from rising coronavirus cases and escalating US-China tensions kept a cap on prices. The dollar…
A comprehensive plan calls for increasing propylene production in Iran to 3 million tons a year, managing director of Iran’s National Petrochemical Company said. “The plan will be carried out…
Following its calls to reduce power consumption and avoid outages in the hot summer months, the state-run Power Generation, Distribution and Transmission Company (Tavanir) has signed 250,000…
To help alleviate water shortages in Hamedan Province, Hegmataneh Petrochemical Plant will use treated wastewater instead of water from dwindling underground aquifers, managing director of the…
According to the World Bank, estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters, equivalent to the total annual…
Oil prices edged higher on Tuesday on positive news on vaccine trials, but are still within the narrow trading band of the past three weeks amid fears that new lockdowns could derail a recovery…
Eight provinces in Iran will be provided seawater after desalination, the deputy minister for water and wastewater affairs at the Energy Ministry said.
The first phase of Iran’ first geothermal power plant will be commissioned by the end of the current fiscal in March 2021, managing director of Thermal Power Plants Holding Company said.
Oil prices dropped on Monday, amid concerns that a recovery in fuel demand could be derailed by a rise in the pace of coronavirus infections around the world. Brent crude was down 36 cents, or…
The three priorities of the gas industry is people’s welfare, injection into oil wells to increase efficiency, and use in industries. Export of gas is down the line in fourth place, a spokesman…
The National Iranian Oil Company concluded an agreement with the domestic company Petropars to develop the giant South Azadegan Oilfield in Khuzestan Province. The $1.3 billion contract aims to…
Power load peaked at all-time high of 58,104 megawatts on Saturday, up 330 MW compared to the highest recorded in 2019, spokesman for the Energy Ministry said. “This consumption is the highest…
The National Iranian Oil Company has reported that gas flaring in oilfields declined 40% in 2019 compared to 2017. According to ISNA and based on NIOC data, daily gas flaring in 2017 was 50…
Agriculture accounts for 83% of the water used in the arid Yazd Province, head of the provincial water company said. “Water use in the agro sector is alarmingly inefficient as less than 40% is…
The oil minister has asked petrochemical companies to supply raw materials for products needed for battling the coronavirus.
