Oil prices fell slightly on Friday but were still set for a third straight weekly gain after easing US-China trade tensions lifted business confidence and the outlook for global economic growth…
Energy
Construction of the first gas unit of Hengam Combined Cycle Power Plant in southern Hormozgan Province is complete and will be launched in two months, the director of combined cycle power plant…
Since the beginning of the year (March), 10 oil tankers were repaired in Bandar Abbas Ship Repair Yard (in southern Hormuzgan Province) and work continues on two others, managing director of the…
Two wastewater treatment plants were launched in western Kurdestan Province Tuesday. Located in Bijar County and Hasanabad-e Yasukand City, the two plants cost $2.3 million, the Energy Ministry…
China is breaking records for crude oil imports and is not likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the US will bolster the economy.
Petrochemical plants and oil refineries use $400 million worth of catalysts a year, the majority of which is produced locally, managing director of the National Petrochemical Company said. “The…
Switzerland’s ambassador in Tehran invited water officials to join his country’s water diplomacy initiative dubbed as “Blue Peace”. Markus Leitner made the call in a meeting with Qasem…
Chabahar Free Trade Zone Organization, Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) and Iran East Supply and Development Infrastructures Co. signed a…
Oil prices on Monday held near three-month highs, supported by last week’s announcement that an initial trade deal had been reached between the United States and China. Brent crude oil…
Natural gas processing capacity in Iran has reached 900 million cubic meters a day, the coordinating manager at the National Iranian Gas Company said. “Gas refineries went under major…
Manufacturers of oil and gas equipment and machinery have the potential to generate $5 billion in export revenue a year, head of the Iranian Oil Equipment Manufacturers' Association said.
Karoon Oil and Gas Production Company has invested over $1 billion to collect 95% of its gas emissions, the managing director said. Using mobile oil treaters, the KOGPC, in southwestern…
National Iranian Oil Products Distribution Company and Bank Mellat signed an agreement on Sunday to contribute to a plan to convert gasoline-based vehicles to hybrid CNG engines.
Following plans to sustain and stabilize natural gas supply to households in the winter season, the National Iranian Gas Company has cut gas delivery to cement factories across the country.…
Rationing gasoline and raising pump prices by 200% that started on Nov. 15 will have no substantial effect on curbing fuel smuggling, says a deputy chief of the Goods and Foreign Exchange Anti-…
The European Union agreed to cut its total emissions to net-zero by 2050 after ten hours of debate as Eastern European states demanded financial help to hit the target. Reuters reported that…
More than 12,000 parts and equipment used in the oil industry have been indigenized, managing director of the National Iranian South Oil Company said Friday.
Chevron, the largest US oil group, announced it has approved the development of a deepwater high-pressure oil project in the Anchor oil field in the US Gulf of Mexico, which will require $5.7…
Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies…
The average efficiency of thermal power plants has reached 38.1% compared to the global average that is 37%, head of Iran’s Thermal Power Plants Holding Company said. “Conversion of single-…
National Petrochemical Company has resumed polyethylene terephthalate (PET) exports after a three-month hiatus, head of Shahid Tondgouyan Petrochemical Complex in Bandar Mahshahr said.
The Italian government will push back the full liberalization of its retail power and gas market from its deadline of June 2020 to January 2022, with the timeframe becoming too tight to carry…
To conform with the International Maritime Organization’s (IMO) new regulations for a 0.5% global sulphur cap for marine fuels, Nouri Petrochemical Company will start producing low-sulphur fuel…
Petrochemical companies in Iran are doing relatively well as production and exports have been of the ascending order in the past six years, managing director of the National Petrochemical…
The electricity industry in facing challenges including severe shortage of funds, lack of investment to build new facilities, worn-out equipment such as transformers and annual increase in power…
