Oil prices edged up on Friday but were headed for their first weekly losses in at least eight weeks after US oil stocks rose more than expected and Iran flagged it was resuming talks with Western powers which could lead to an end to sanctions.
Brent crude futures rose 27 cents, or 0.3%, to $84....
More than $130 million will be allocated to the power and water projects in Ardabil Province within three years to address electricity and water issues in the province, the energy minister said.
“Unfortunately, last water year [September 2020-21] was the driest year in Iran over the last 50...
Shiraz Petrochemical Company in the southern Fars Province generated an operating income of $200 million in the first half of the current Iranian year (March 21-Sept. 22), which was 106% more than the amount made by the company in the same period of last year.
The company earned a net profit of...
Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world, as economies pick up from coronavirus pandemic-induced slumps.
WTI crude futures rose 62 cents, or 0.7%, to $...
OPEC+ compliance with oil cuts fell slightly in September, sources said, indicating that as the alliance raises production targets, some members are still falling short as they face challenges in pumping more oil.
OPEC and allies led by Russia, or OPEC+ as the alliance is known, raised its...
Karkheh hydroelectric power plant in Khuzestan Province has gone off the grid because of water shortage, the head of the power station said.
“Karkheh Dam in the southwestern province, which overflowed two years ago due to torrential and unprecedented rainfall, is now half empty and has...
Oil prices hit their highest level in years on Monday, as demand recovers from the Covid-19 pandemic, boosted by more customers turning away from expensive gas and coal to fuel oil and diesel.
Brent crude oil futures rose 63 cents, or 0.7%, to $85.49 a barrel, after hitting a session-high of $86...
Iran's liquefied petroleum gas shipments are set to reach 440,000-450,000 tons in October compared with 556,000 tons exported in September, largely to Asia, and are expected to rebound in November, trade sources said.
Exports up to Oct. 13 were around 220,000 tons, the sources added, S&P...
An emergency water treatment plant with a capacity of 200 liters per second will become operational next month, managing director of Kurdestan Water and Wastewater Company said.
“Costing about $1 million, the plant is aimed at relieving water stress in the city of Marivan,” Alireza Takhteshahi...
Since the beginning of the current Iranian year (March 21), 62 illegal water wells in the agriculture sector of Ardabil Province have been sealed, said the director of the Office for Conservation of Water resources at the provincial regional water company.
“Sealing the unauthorized wells has...