Two petrochemical companies in the southwest hit production records last Iranian year (March 2021-22). Amir Kabir Petrochemical Company in Mahshahr, Khuzestan Province, set a record in recent…
Energy
Oil derivatives, polymers and natural gas accounted for $25 billion of Iran’s non-oil export value in the last fiscal year that ended on March 20, the head of the Iranian Oil, Gas and…
Iran entered a period of dry spells 20 years ago and the long-term drought is expected to last at least for 10 more years, the head of Geological Survey and Mineral Exploration said. “Under…
The gas unit of Qeshm Pasargad Combined-Cycle Power Plant on Qeshm Island, Hormozgan Province, has come on stream to help stabilize power supply in the Persian Gulf’s largest island. “An…
The Eslamabad-e-Gharb Petrochemical Plant, under construction in Kermanshah Province, will convert gas to methanol first and then methanol to propylene and finally propylene to polypropylene,…
An estimated 14 million cubic meters of natural gas per day will be extracted from Phase 11 of the South Pars Gas Field in the Persian Gulf by the end of the current Iranian year (March 2022-23…
Subsea pipe-laying operations are underway to connect the Persian Gulf’s largest island, Qeshm, to the national gas grid, managing director of Iran Gas Engineering and Development Company said…
Oil producer group OPEC+ on Thursday agreed to rubber-stamp another small production increase for June, amid persistent concerns over weaker Chinese demand and shortly after the world’s largest…
Iran has planned to increase crude oil production capacity to 5.7 million barrels per day in the next eight years, managing director of the National Iranian Oil Company said.
The total amount of water stored in the six large dams of Isfahan Province has reached 428 million cubic meters, director of operation and maintenance of water facilities at Isfahan Regional…
The main reason behind outbound diesel smuggling is the substantial gap between the fuel price in Iran and that of its neighboring nations, director of the National Iranian Oil Refining and…
Desalination projects worth $160 million are underway across the southern Bushehr Province with a total capacity of 160,000 cubic meters per day, of which 40% will soon go on stream, the head of…
About $7 million have been invested for the construction of Balakhanlou Dam in Buin-Zahra City, Qazvin Province, and it is expected to be completed by 2023, the energy minister said.
Oil prices were mixed on Friday as China's Covid-19 lockdowns and supply disruption fears weighed on the outlook for crude demand, as Western sanctions curb crude and products exports from…
The National Iranian Oil Company is ready to conclude agreements worth $700 million with knowledge-based companies to enhance the production of 750 oil and gas wells across the country, managing…
Close to $60 million are needed to rehabilitate 7,000 qanats in the dry South Khorasan Province, the head of Water Affairs Department of Agricultural Organization said. “Of the total fund, $10…
Oil prices extended gains on Wednesday amid simmering geopolitical tensions as Russia cut gas supplies to Bulgaria and Poland, while hopes of Chinese economic stimulus buoyed the demand outlook…
The financial statement of the National Petrochemical Company for the fiscal 2021-22 shows the company’s net profit doubled in that year compared to the previous year. The statement, which was…
The National Iranian Oil Company signed 28 contracts worth about $1.5 billion in 2021 with Iranian companies to collect associated petroleum gas in Khuzestan’s oilfields mainly operated by the…
As long as gasoline demand is not managed efficiently, other strategies on the supply side such as importing the fuel, building new refineries or upgrading old facilities will not yield the…
The National Iranian Drilling Company drilled 11 gas and oil wells in the oil-rich regions of Iran during the first month of the current Iranian year (March 21-April 20), the deputy director of…
The severe drought Iran experienced last year has continued in the current year (started March 21) and the two consecutive dry years have caused water levels in the dams to fall, said the…
The low density polyethylene unit of Bandar Imam Petrochemical Company in Khuzestan Province registered a production record in the last Iranian year (ended March 20, 2022). The LDPE unit of the…
Oil prices slumped to about two-week lows on Monday, extending losses from last week, as concerns grew that prolonged Covid-19 lockdowns in Shanghai and potential US rate hikes would hurt global…
Development plans at the Isfahan Oil Refining Company in central Isfahan Province are making headway to help the firm boost the production of crude oil derivatives compliant with Euro-5 emission…
