OPEC and its oil-producing allies agreed on Saturday to extend the group’s historic production cut for an additional month in an ongoing effort to balance the global oil market. The agreement…
Energy
Almost 25% of the electricity produced in the last fiscal (ended in March) was generated from renewable sources (steam, water, nuclear, wind and solar), chief executive officer of Iran’s Thermal…
China’s coal imports in May fell nearly 20% compared with a year earlier even as demand recovered at power plants and industrial users, customs data showed on Sunday.
A waste-to-energy (WTE) plant in the picturesque city of Noshahr, Mazandaran Province, has come on stream, a deputy governor said. The plant can handle 200,000 tons per day of waste produced in…
Energy companies on Friday evacuated 10% of production platforms and shut nearly 30% of offshore oil output, pushing gasoline prices higher, as Tropical Storm Cristobal entered the US Gulf of…
To supply potable water to residents in small towns in Bushehr Province two desalination units with a capacity to process 22,500 cubic meters of saline water a day are up and running and one…
OPEC+ is set to extend production cuts to prop up the oil market after a breakthrough in high-stakes negotiations, and the organization could meet as soon as this weekend to sign off on the deal…
Importing electricity from Iran is of vital importance for Iraq (both politically and economically), the Iraqi Minister of Electricity Majid Mahdi Hantoush said at the weekend.
It is possible to increase power production capacity in Iran by 7,500 megawatts without raising gas consumption by converting thermal power plants into combined-cycle units, managing director of…
The sixth natural gas processing plant in South Pars Gas Complex will increase production this year (started in March), director of the refinery said.
Oil prices edged down on Monday as traders took profits, with OPEC considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June.
The state-run Iran Power Generation, Distribution and Transmission Company (Tavanir) says the national grid cannot take a load higher than 60 gigawatts. According to Bargh News website, if…
Construction of the first coal-fired power plant in Iran has registered 70% progress, the Energy Ministry news website Paven reported. Located near the city of Tabas in South Khorasan Province…
The 55 petrochemical companies in Iran produced 31 million tons of products in the last fiscal (ended in March) and exports generated $9.5 billion, managing director of National Petrochemical…
Not even a full month into OPEC’s deep production cut agreement, rumors have already surfaced that there is a difference of opinion over a possible extension of the oil production cuts—as usual…
Close to 80,000 cubic meters of industrial and municipal effluent flows into the world famous Karoun River in Ahvaz, Khuzestan Province, every day, head of the provincial branch of Department of…
The National Iranian Gas Company has officially notified Turkey's Botas, the gas importing company, about its lack of cooperation regarding resumption of natural gas import from Iran that was…
Tehran hydroelectric power plants are willing and able to support the national electricity grid if needed in the peak of summer when electricity consumption jumps, head of hydropower…
Working from home has become the norm, and if the trend continues even after the pandemic abates, it could pose a big risk for oil, analysts are warning.
Higher precipitation in recent weeks has filled 70% of the capacity of dams in Iran, the Energy Minister said. Dams collectively can hold over 50 billion cubic meters of water. Now 35 bcm is…
Power consumption exceeded 50,000 megawatts on May 27, up 2,200 MW from the day before and about 3,000 MW higher compared to the same day of last year, the Energy Ministry’s spokesman for the…
Crude oil futures traded lower in mid-morning trade in Asia Wednesday, stepping back from a 10-week high hit overnight, on growing geopolitical tensions between the US and China. Brent July…
Global energy investment is expected to plunge by around 20% or $400 billion in 2020, its biggest fall on record, because of the new coronavirus outbreak, the International Energy Agency said on…
Iran Power Generation, Distribution and Transmission Company (Tavanir) says a plan to replace one million old (gas-powered) air conditioners with energy efficient ACs will be carried out in…
As the Covid-19 pandemic spreads death and destruction across the planet, it has had a positive effect on the marine ecosystem in the Caspian Sea, head of the Department of Environment branch in…
