Oil prices jumped on Friday, extending the previous session’s gains, buoyed by a lower-than-expected gain in US crude inventories and the start of output cuts in a bid to offset a slump in fuel…
Energy
Demand for gasoline soared by 114% in the past few days as the government started easing coronavirus lockdowns, head of Iran Gas Station Owners Union said.
Two water projects were inaugurated Thursday in western Ilam Province to improve water supply for the region’s agriculture and industries. Shohadaye Ilam Dam, situated on Galal River, was…
Electricity consumption growth jumps between 5 to 7% per year, and to meet the rising demand power infrastructure (generation and transmission) should expand without interruption, head of state-…
Work on the Iran-Armenia third power transmission line continues and has not been hampered by the spread of the coronavirus that has undermined many businesses, Armenia’s ambassador to Iran said…
Chemistry and Chemical Engineering Research Center of Iran, affiliated to the Ministry of Science, Research and Technology, has launched an ethanol production line to help the fight against the…
Moving sulfur from refineries to storage facilities and keeping it in open-air spaces are among the polluting sources in Asalouyeh, Bushehr Province. It has contaminated the air and soil, the…
Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not be fast enough to fully offset the collapse in demand from the…
By the end of the current year (March 2021), the efficiency of thermal power plants will increase by 1% to reach 39%, managing director of Iran's Thermal Power Plants Holding Company said. “…
The United States has renewed a waiver for Iraq to continue importing Iranian electricity, a US State Department official said late Sunday, but this time for a shorter period of 30 days, adding…
Export of petroleum products including mazut, diesel and gasoline that was interrupted in the past several weeks is gradually getting back to normal, spokesman of the Petroleum Products…
Saudi Aramco began reducing oil production earlier this week ahead of the May 1 start date for OPEC+ output cuts, according to a Saudi industry official familiar with the matter.
Mega structures being developed by the Caspian Sea littoral states (Iran, Russia, Azerbaijan, Kazakhstan and Turkmenistan) on the tributaries of the sea will substantially decrease water inflow…
Total losses from a structured crude oil product marketed to retail investors by the Bank of China could be more than ($1.27 billion), the Caixin financial news outlet reported on Sunday, citing…
Researchers in tech firms and knowledge-based companies have produced sulfur separation catalysts in collaboration with two centers of higher learning: Iran University of Science and Technology…
Construction of a new petrochemical plant in Eslamabad-e Gharb County, Kermanshah Province, will begin soon and it is expected that upon completion, it brings about an evolution in the economy,…
The Majlis has passed a law stating that 25% of the value added tax on the electricity bills should go for promoting the Renewable Energy and Energy Efficiency Organization (Satba), director…
With just three days remaining to the expiry of a 30-day US waiver to import Iranian gas and electricity, Iraq will struggle to drum up some $10 billion in investments over a four-year period to…
Jam Petrochemical Company in Asalouyeh in southern Bushehr Province, hit a new record in producing high-density polyethylene last year (ended March 19), director of HDPE production said.
Kuwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut. The fourth-biggest member of…
Electricity consumption surpassed 37,000 megawatts between April 20 and 22 and peaked at 37,500 MW on Wednesday, April 23. According to Barq News website, this was at least 12% higher compared…
A joint Japan-UNDP program to help restore Lake Urmia has entered the next (7th) phase, head of the Wetland Protection Office of the Department of Environment said. “Emphasis of the new phase…
Bandar Abbas Thermal Power Plant is the major source of pollution in Bandar Abbas, capital of southern Hormozgan Province, director general of Hormozgan Provincial Directorate of Department of…
The most ambitious bid to rescue the global oil industry ever seen has been swept aside by a brutal wave of demand destruction. Less than two weeks ago, the world’s biggest oil producers -- in…
Oil prices continued to plummet Wednesday as concerns over limp demand and limited remaining storage capacity lingered. International benchmark Brent crude futures plunged 14% to $16.55 per…
