Karoon Petrochemical Company, in the southwestern port city of Mahshahr in Khuzestan Province, is the only producer of isocyanates in Iran. Half the output is for domestic use and the rest is…
Energy
Controlling the runoff in northern Mazandaran Province is essential and can have added economic benefit as water can be used for rice cultivation, managing director of the Regional Water Company…
Construction of steam units has started in several power plants and more will be added soon, a senior executive at the Thermal Power Plants Holding Company said. “With the construction of 46…
Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the coronavirus pandemic and rising supply. Brent crude…
President Hassan Rouhani on Thursday inaugurated water projects via video conference in western Kermanshah and Ilam provinces costing $150 million. "The government has drawn on the…
The International Energy Agency lowered its global oil demand forecasts for the first time in several months in its latest report, as the number of Covid-19 infections remains high and amid…
Construction of a 10 megawatt solar farm in Bafq County, Yazd Province, will start soon. To be built on 20 hectares in the central dry region, Ghadir Solar Power Plant is expected to come…
Tehran Oil Refinery will soon start producing gasoline compliant with Euro 5 emission standards, head of the refining company said.
The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare…
Oil prices moved higher on Wednesday after an industry report showed that US inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world’s biggest…
Large volumes of underground water that were supposed to be consumed over the next century have already been used in the last five decades, an environmentalist and head of the Environment…
The Majlis has obliged the National Iranian Oil Company, to supply one million tons of free bitumen to executive organizations for construction projects in the current fiscal year (ends next…
Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the US economic recovery capped…
Iraq made its strongest commitment yet to implement deep cuts in crude production after the country’s oil minister and his Saudi counterpart held a phone call late Saturday. OPEC’s second-…
Natural gas consumption has reached 85 billion cubic meters since the beginning of the current fiscal in late March, up 4% compared to the same period in 2019, head of National Iranian Gas…
The water industry has raised chlorine levels by 40% in piped water to help fight the Covid-19 pandemic, head of Hygiene Department at the Tehran-based National Water and Wastewater Engineering…
Three fuel depots in the vicinity of Tehran are safe and there is no need for relocation, head of the National Iranian Oil Products Distribution Company (NIOPDC) said.
Nirou Chlor Company, a subsidiary of Tamin Petroleum and Petrochemical Investment Company, exported 5,000 tons of chemicals to Europe since the beginning of the current year (March 20) despite…
With the launch of 13 petrochemical projects by March, Iran’s petrochemical production capacity will reach 90 million tons per year from the current 70 million tons. Ten more projects are…
Construction of Nematabad Dam in Hamedan Province is almost complete and is scheduled to be launched in two months, managing director of Hamedan Regional Water Company said.
BP will sell oil and gas assets to fund its ambitious low-carbon strategy even if prices improve, three unnamed sources told Reuters. A tenfold increase in investments in low carbon businesses…
National Iranian Gas Company’s annual gas output will increase by at least 22% by 2021, head of the state-run NIGC said. “Total natural gas production amounted to 270 billion cubic meters in…
Oil prices fell for the first time in four days on Wednesday, slipping from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market…
An estimated 90% of the renewable water resources in Markazi Province is consumed in the agriculture sector, managing director of Markazi Regional Water Company said.
To help expand the value-added chain in the petrochemical industry, three projects that cost $1.6 billion will be inaugurated on Thursday, managing director of the state-run National…
