With just three days remaining to the expiry of a 30-day US waiver to import Iranian gas and electricity, Iraq will struggle to drum up some $10 billion in investments over a four-year period to…
Energy
Jam Petrochemical Company in Asalouyeh in southern Bushehr Province, hit a new record in producing high-density polyethylene last year (ended March 19), director of HDPE production said.
Kuwait said it has started cutting oil output ahead of May 1, the date when suppliers worldwide plan to start slashing production to counter a devastating glut. The fourth-biggest member of…
Electricity consumption surpassed 37,000 megawatts between April 20 and 22 and peaked at 37,500 MW on Wednesday, April 23. According to Barq News website, this was at least 12% higher compared…
A joint Japan-UNDP program to help restore Lake Urmia has entered the next (7th) phase, head of the Wetland Protection Office of the Department of Environment said. “Emphasis of the new phase…
Bandar Abbas Thermal Power Plant is the major source of pollution in Bandar Abbas, capital of southern Hormozgan Province, director general of Hormozgan Provincial Directorate of Department of…
The most ambitious bid to rescue the global oil industry ever seen has been swept aside by a brutal wave of demand destruction. Less than two weeks ago, the world’s biggest oil producers -- in…
Oil prices continued to plummet Wednesday as concerns over limp demand and limited remaining storage capacity lingered. International benchmark Brent crude futures plunged 14% to $16.55 per…
The national power distribution and transmission infrastructure is expanding in tandem with rising capacity that has reached 84 gigawatts. According to the Energy Ministry news portal,…
US oil futures traded in negative territory on Tuesday, after sinking nearly $40 the previous session in their first ever dive below zero, as concern grew the sector will run out of storage for…
Programs are underway to increase output from South Pars Gas Field phases 20 and 21. Work is expected to be completed in the second half of this year, managing director of the 8th South Pars…
The renewable-energy industry could create more than a million jobs a year if countries invest enough to meet their target for cutting global carbon emissions, according to an advocacy…
Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to…
Iraq plans to study using Kurdish natural gas for power generation, the country's oil minister said on Sunday, allowing OPEC's second-largest oil producer to plug the gas deficit and power…
Bid Boland Gas Refinery in southern Khuzestan Province has taken the lead in promoting environment-friendly practices to reduce greenhouse gas emissions, the managing director of the plant said…
Researchers and engineers at the Iranian Research Organization for Science and Technology have designed and manufactured a biomass downdraft gasifier. After acquiring technical knowhow and…
An estimated 800 companies active in manufacturing oil/gas equipment are facing insolvency due to the huge economic impact of the coronavirus, head of the Iranian Oil Equipment Manufacturers'…
Crude prices in America’s oil capital are getting dangerously close to zero. Buyers bidding for crude in Texas, the birthplace of the shale revolution, are offering as little as $2 a barrel for…
While hydroelectric power plants in Tehran Province set a record last year, these are expected to have normal output this year, head of hydropower installations at Tehran Regional Electricity…
Oil fell below $19 per barrel in New York after a wave of gloomy demand forecasts and a cratering physical market outweighed an unprecedented deal to cut output. China’s economy suffered a…
An estimated 2,100 kilometers of rivers and canals have been dredged in deluge-prone regions since March 2019 to prevent and reduce floodwater damage. According to the Energy Ministry’s news…
A Saudi Arabian oil official on Saturday refuted the conclusion of an analytics firm that the country’s oil exports to the US dramatically increased in the last month.
OPEC expects demand for its crude will fall to the lowest in three decades as the coronavirus outbreak freezes the global economy, underscoring the urgency of its promised production cuts.
The third steam unit of Parand Combined-Cycle Power Plant in south Tehran was connected to the national power network on Thursday, raising total production capacity to 83,800 megawatts, deputy…
Hook up operations on offshore decks of phase 13 (SPD 13A and 13C) of South Pars Gas Field in the Persian Gulf have been delayed due to problems created by the coronavirus, managing director of…
