Over 30 projects have been planned to reduce the import of petrochemical products worth over $1 billion, the National Petrochemical Company’s director for planning and development said. “…
Energy
The National Iranian Oil Company’s crude production has experienced a 37% increase in the first five months of the current fiscal year (March 21-Aug. 20) compared with the corresponding period…
Power production from hydropower plants in Khuzestan Province has hit rock bottom, a deputy manager of the provincial power company said. “Several hydroelectric power plants, including Karoun 1…
Bu Ali Sina Petrochemical Company in Mahshahr, Khuzestan Province, plans to install a new distillation tower and when it is up and running, the company’s annual profits will increase by $50…
Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened fuel demand worldwide due to a…
The drilling operations for four new wells as part of the development project to increase the production of Nargesi Oilfield in southern Iran has been completed. With the pipe-laying process…
The National Iranian Oil Company's gasoline exports to neighboring states in the first four months of the current fiscal year (March 21-July 22) dipped sharply compared with the corresponding…
The world’s largest sovereign wealth fund, Norway’s $1.4 trillion Government Pension Fund Global, should ask the companies it is invested in when it comes to reaching their 2050 net-zero…
Plans to supply desalinated water from the Persian Gulf and Caspian Sea to the arid and drought-hit plains of central Iran will only offer a temporary solution and cannot help fight drought in…
Consumption of mazut as feedstock in Tehran’s power plants is virtually zero, the Thermal Power Plants Holding Company’s deputy for renovation affairs said.
As a part of the development program of Forouzan offshore oilfield in the Persian Gulf, the QB topside of FYA platform in the field has been installed on the QA topside. The installation of the…
Power sectors in Iraq, Pakistan and Afghanistan, the biggest customers of Iran's electricity, are monopolized by their governments and they are interested in concluding deals with the state-run…
Oil prices fell for a second day on Friday after the International Energy Agency warned that demand growth for crude and its products had slowed sharply, as surging cases of Covid-19 worldwide…
A new 10-megawatt solar farm came on stream on Wednesday in Kushk Rural District in Khatam County of Yazd Province, managing director of Yazd Regional Electricity Company said.
Electricity consumption in Iran sets a record on Tuesday by exceeding 67,000 megawatts, spokesman of Iran Power Generation, Distribution and Transmission Company (Tavanir) said. Power…
The shortage of intravenous serum in drugstores and clinics has nothing to do with power cuts, the spokesman of Iran Power Generation, Distribution and Transmission Company (Tavanir) said.
Close to 50% of Hormozgan Province's water are supplied through desalination and the rest is provided by surface and groundwater resources, managing director of the provincial Water and…
Babolsar County in Mazandaran Province will receive water from Alborz Dam, also known as Lafour Dam, by the end of August, managing director of the provincial regional water company said.
Aryan Steel Company located in Bouin-Zahra County, Qazvin Province, signed an agreement on Monday with state-owned Qazvin Province Water and Wastewater Company (a subsidiary of the National…
Revenues generated by selling petrochemical products in domestic and international markets are predicted to reach $21.5 billion by the end of the current fiscal year (March 2021-22), managing…
Estimates show that Iran’s electricity consumption will be around 78,000 megawatts in the next five years, and in case the current level of electricity generation does not increase, the country…
Tabriz Oil Refinery in East Azarbaijan Province has invested $500 million in development projects over the last 10 years to be able to compete with rivals in international markets, managing…
Demand for gasoline soared by 40% in the first four months of the current fiscal year (March 2021-22) compared with the corresponding period of last year and this is while deaths caused by the…
Iran is ready to return to the international oil market at the highest level when a political agreement is reached between Iran and the world powers, and the unfair US sanctions on the country…
Executive operations to harmonize Iran and Russia’s electricity grids are expected to start in September, a deputy energy minister said. “Feasibility studies on the synchronization of the two…
