The Parsian Sepehr Gas Refinery became operational on Thursday in Fars Province, head of the company’s board of directors said.
“Costing $1.1 billion, the natural gas liquid recovery plant has an annual capacity of 3.2 million tons of NGL. It will help complete the value chain and develop the...
In the past Iranian calendar year (March 2020-2021), 476 solar water heaters were installed gratis in Kohgiluyeh-Boyerahmad rural areas not linked to the gas grid, director general of the provincial Forests, Range and Watershed Management Organization said.
“With the new installations, the...
The Oil Ministry will invest $80 million in startups and knowledge-based firms, the oil minister said.
Speaking on the sidelines of a ceremony to open the Oil Innovation and Research Fund in Tehran on Tuesday, Bijan Namdar Zanganeh said: “The Oil Ministry is determined to create opportunities...
Oil prices edged higher in rangebound trade on Monday on optimism about a rebound in the US economy as vaccinations accelerate, but rising Covid-19 cases in other parts of the world kept a lid on prices.
Brent was up 22 cents, or 0.4%, at $63.17 a barrel. West Texas Intermediate US crude rose 12...
Oil prices edged down on Friday as investors weighed rising supplies from major producers and the impact on fuel demand from the Covid-19 pandemic.
Brent crude futures for June edged down 12 cents, or 0.2%, to $63.08 a barrel, while US West Texas Intermediate crude for May was at $59.59 a barrel...
Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid a report that crude inventories in the United States, the world’s biggest fuel consumer, fell.
But optimism about talks between the United States and Iran over Iran’s nuclear program and an impending...
Piped gas was supplied to 2,913 rural areas and 23 cities in the last Persian calendar year (March 2020-2021), managing director of National Iranian Gas Company said.
Almost 95% of the urban and rural population is now linked to the gas grid, Hassan Montazer Torbati was reported as saying by the...
Electricity projects were launched in North Khorasan Province on Tuesday. The projects include construction of 60 km of electricity distribution network, installation of 99 substations, as well as repair and maintenance of 50 km of distribution network and 10 substations, managing director of...
Oil slipped to around $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and hopes for a wider demand recovery in 2021.
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+,...
Dwindling snow reserves in east Tehran Province are causing renewed concern, managing director of Tehran Province Water and Wastewater Company said.
“When snow reserves decline, inflow of water into dams also falls. At this time of the year, we have always had 6 to 6.5 meters of snow on the...