Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the…
Energy
Completing the value-added petrochemical production chain in petrochemical sector can help cut import of strategic commodities like propylene and also develop the key downstream sector, managing…
Construction of petrochemical storage tanks in Mokran (also Makran) Petro-Refinery Complex will start in the port city of Jask in southern Hormozgan Province next week.
The number desalination plants in southern Hormozgan Province has increased threefold in the past six years, but such development projects should be given higher priority as water scarcity looms…
Mapna Drilling Company completed drilling four wells in the South Pars Gas Field Phase 11 off the Persian Gulf in two months, managing director of Petropars Company said. Hamidreza Masoudi said…
Oil prices slipped on Monday after earlier climbing above $70 a barrel for the first time since the Covid-19 pandemic began after attacks on Saudi Arabian oil facilities. Yemen’s Houthi forces…
The five dams supplying water to Tehran hold 567 million cubic meters of water, which is 64 mcm less than the same time last year, deputy for water and hydropower affairs at the Tehran Regional…
The Majlis passed a bill last week based on which electricity tariffs for energy-intensive industries, namely cement factories, refineries and petrochemical and steel companies will increase…
Studies to transfer water from the Sea of Oman to three eastern provinces in Iran have been completed and Tabesh Company has started the executive work, head of the company said.
Investing $1 billion in the compressed natural gas sector, as an alternative green fuel, will help replace 20 million liters of gasoline with 20 million cubic meters of CNG per day, a deputy oil…
Four water and electricity projects were launched in Yazd Province on Saturday including one electricity project in Abarkouh County and three water projects in Khatam, Meybod and Ardakan…
Turkey’s natural gas import from Iran declined by 31% in 2020 compared to a year ago. According to Barq News, the latest report issued by Ankara-based Energy Market Regulatory Authority (EMRA)…
Oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in nearly 14 months, after OPEC and its allies agreed not to increase supply in April as they await a more…
The Majlis on Wednesday obliged the Central Bank of Iran to allocate $80 million for the electrification of agro wells. The CBI will make the funds available through commercial banks for the…
Demand for premium gasoline, marketed as ‘super’ in Iran declined 80% in the first 11 months of the current Persian calendar year that ends on March 20 compared to the same period last year,…
The daily water deficit in Zahedan, capital of Sistan-Baluchestan Province, is about 100,000 cubic meters, managing director of the provincial Water and Wastewater Company said.
Oil prices rose on Wednesday, boosted by expectations that OPEC+ producers might decide against increasing output when they meet this week, while signs of progress in the coronavirus vaccine…
MAPNA Boiler Engineering and Manufacturing Company, a subsidiary of the engineering and energy giant MAPNA Group, has designed and manufactured vent silencers for thermal power plants. Experts…
Jam Polypropylene Company in Asalouyeh, Bushehr Province, has received Iran’s green industry award for the second consecutive year. The award, given annually by the Department of Environment,…
Twenty electricity and water projects costing over $23 million were launched in six provinces on Tuesday. Of the 20 projects, six projects were in Kermanshah, four were in Gilan, three in East…
Natural gas output capacity is expected to increase by 100 million cubic meters per day over the next four months, managing director of the National Iranian Gas Company said on Tuesday. "The…
The construction of Sirik Power Plant in Sirik County, Hormozgan Province, which is financed by Russia, will start soon, Energy Minister Reza Ardakanian said on Sunday.
Oil prices rose more than $1 on Monday, supported by optimism over Covid-19 vaccinations, a US stimulus package and growing factory activity in Europe despite restrictions imposed to curb the…
President Hassan Rouhani on Monday officially inaugurated oil and petrochemical projects valued at $2.7 billion in Ilam and Bushehr provinces via videoconference. Costing $1.7 billion, the…
The OPEC+ group of producers’ compliance with the oil output cuts in January hit 103%, higher than the estimated compliance in December.
