A 5.9-magnitude earthquake which hit the southern province of Bushehr on Sunday partially damaged facilities of Gachsaran Oil and Gas Company.
Houshang Seidali, head of the company, the temblor collapsed a celling at the Goureh pump station and a turbine stopped functioning, the Persian-language...
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude.
Brent crude was down 17 cents, or 0.3%, at $66.60 a barrel,...
The price of oil could plunge to as little as $10 a barrel by 2050 if the world succeeds in electrifying the energy market and meeting Paris Agreement goals, a consultancy said.
Energy research and consultancy Wood Mackenzie said in a report that if world leaders took decisive action to limit...
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 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...
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...