The construction of Khersan 3 Dam in Lordegan County, Chaharmahal-Bakhtiari Province, has recently been resumed after two years, Lordegan’s governor said on Saturday.
“The project registered only 18% physical progress after five years since the beginning of construction, as the process was...
Naft-Shahr Oilfield development project has made 75% progress and is in its final stages, portfolio manager at Iranian Central Oilfields Company said.
“The project includes drilling one development as well as four workover wells in the field, which is a challenging and risky move because of its...
Oil prices fell on Friday, wiping out gains from the previous session, as the dollar continued to gain on bets the US central bank will bring forward plans to raise rates to tame inflation.
US West Texas Intermediate crude futures fell 61 cents, or 0.8%, to $80.98 a barrel, reversing Thursday's...
OPEC+ needs to be careful in implementing its policy because it needs to balance the market amid forecasts of softening demand in the first quarter of 2022, the UAE's energy minister said on Nov. 8.
"We are seeing in the first quarter [of 2022] ... a surplus in the balance due to the demand...
Since a month ago when the rains started, gas consumption has increased by 100% compared with the same period of last year, the head of dispatching operations at the National Iranian Gas Company said.
“Natural gas usage in Iran’s household and business sectors has increased to 340 million cubic...
Oil prices rose around 1% on Friday, staging a partial recovery after OPEC+ producers rebuffed a US call to raise supply and instead maintained plans for a gradual return of output halted by the pandemic.
Brent crude rose 72 cents or 0.9% to $81.26 a barrel, after falling nearly 2% on Thursday....
Oil prices dipped on Monday as China's release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets.
Brent crude futures dropped 29 cents, or 0.4%, to $...
Khuzestan Petrochemical Company has produced the polycarbonates used in dialysis filters that were previously imported from Germany, managing director of the company said.
“With the cooperation of one of the Red Crescent subsidiaries, the petrochemical company has broken the monopoly over this...
Iran’s natural gas production will reach 940 million cubic meters per day during winter when consumption of the domestic, commercial, industrial and power plants rises, managing director of the National Iranian Oil Company said.
“Of this amount, 700 million cubic meters of gas will be provided...
Fajr Jam Gas Refining Company processed 10.5 billion cubic meters of gas in the first half of the current Iranian year (started March 21), which is 6% higher compared with the same period of last year, managing director of the company said.
“The company's overhaul operations are also being...