President Hassan Rouhani urged Switzerland to improve the efficiency of a financial mechanism it has established for trade with Iran so that Tehran can unlock part of its frozen overseas assets…
Energy
Construction of a 50-kilometer pipeline from Karoun River to Gheyzaniyeh district in Ahvaz, Khuzestan Province, will end in June, a deputy head of provincial Rural Water and Wastewater Company…
An estimated $1 billon is invested in power sector per annum, but to meet growing demand in coming years this should at the least double, the Energy Ministry spokesman for the power department…
Global oil consumption has not peaked, the head of the International Energy Agency warned, throwing cold water on hopes the coronavirus will cap demand and reduce climate-changing emissions.
The Oil Ministry will suspend exporting gas condensates and instead refine it domestically in petrochemical plants and refineries to produce value-added goods including gasoline and naphtha, the…
An Iranian tanker carrying gasoline has arrived over the weekend in Venezuelan territorial waters as the country deals with severe fuel shortages and US sanctions. The clean tanker Fortune --…
A private knowledge-based company has indigenized the know-how to produce special ceramic used in gas turbine combustion chambers (combustor), IRNA reported. Atlas Ceram Kavir Company has…
The government has banned the transit of gasoline, diesel and other petroleum products to neighboring countries until the end of the current year (March 2021). “The decision is in the interest…
Russian President Vladimir Putin gave his government until June 15 to come up with a plan to support the country’s oil industry while output is slashed under an agreement among the world’s main…
Oil fell over 5% on Friday towards $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis.
Installation work on the first wellhead jacket of South Pars Gas Field Phase 11 in the Persian Gulf started Thursday. The jacket of Platform B of Phase 11, which was hauled from Qeshm Island on…
Despite the pattern of decline in water discharged into the Hamoun Wetlands from Helmand River in Afghanistan, recovery efforts have helped partially revive the imperiled wetlands in Sistan-…
Iran’s Thermal Power Plants Holding Company said it has plans to phase out power plants with low efficiency (20%), and two ageing power stations in Tehran, namely Tarasht and Rey, could be…
Geological studies show water shortages in Iran will get worse due to waste and rising consumption. How to manage the rapidly dwindling resource has become a nightmare for policymakers and…
Installed capacity of renewable energy in Iran had a 4-fold increase in the past five years. In 2015, the capacity of new energy sources was 200 megawatts. It reached 800 MW in 2019, the Energy…
Renewable installations are set to fall this year due to the impact of the coronavirus pandemic, the International Energy Agency said Wednesday. The IEA’s Renewable Market Update report…
Oil prices rose slightly on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the…
Gas supply projects are underway in the southeast regions, managing director of Iranian Gas Engineering and Development Company, a subsidiary of National Iranian Gas Company said.
Crude oil production in the seven major US shale basins will fall by a record 197,000 barrels per day next month, the Energy Information Administration said. Production in the seven most…
Water loss in the earth's largest inland body of water has worsened substantially since 1995 and is expected to continue in the foreseeable future due to rising temperatures associated with…
Oil rose above $30 a barrel on Monday for the first time in two months as producers in the US and elsewhere continued to cut output. Futures in New York climbed about 5.6%, rallying ahead of an…
Electricity export from Iran s to neighboring countries shot up by 27.6% last year (March 2019-2020) compared to the year before, reaching more than 8 billion kilowatt hours – almost six times…
Crude oil and byproducts supply chain has expanded by 512 kilometers in the last 12 months. The 26-inch 292-km Arak-Qom-Tehran pipeline plus the 14-inch 220-km Tabriz-Urmia are now operational…
Pressure reduction has gradually started in South Pars Gas Field Phase 12 and could extend other phases within five years, managing director of Pars Oil and Gas Company said Sunday.
The value of oil, gas and petrochemical exports has declined due to upheavals in the international oil market caused by the coronavirus. The massive quarantines and market closures worldwide…
