A fire broke out at Shahid Medhaj thermal power plant (Zargan) in southwestern Khuzestan Province late Saturday, a spokesman for the Energy Ministry said.
“The blaze, which exploded a transformer in the (privately-run) power station in Ahvaz, was contained by firefighters, and electricity was...
Gas units of a new power plant in Qeshm Island, off the Persian Gulf in Hormozgan Province, will start production by the end of July, managing director of Ghadir Investment Company, one of the investors in the project, said.
“Construction of Qeshm Combined-Cycle Power Plant with 500 megawatt...
Demand growth for refined oil products will never return to the levels it reached before the coronavirus outbreak, Citigroup, an American multinational investment bank and financial services corporation headquartered in New York City, said.
As the global economy restarts, fewer people will fly...
Routine maintenance of 84 thermal power plants has been completed with a 33-day delay, head of Technical Affairs Department of the Thermal Power Plants Holding Company said.
“Overhaul that started in September 2019, should have been over by the end of May, but an array of problems impeded the...
OPEC slashed oil production to the lowest level since the Persian Gulf War in 1991, as it escalated efforts to revive global markets just as a resurgence of the coronavirus is threatening demand again.
Saudi Arabia delivered the extra curbs promised in June, and the laggards, though still...
ExxonMobil may be set for its second consecutive loss in Q2 as the oil price collapse and weak refining margins will hit both the upstream and downstream divisions of the US supermajor.
In a filing to the US Securities and Exchange Commission on Thursday, Exxon gave the market and investors a...
To help stabilize power supply in the desert Yazd Province, a small-scale power plant with distributed generation system came online in Taft County, the head of small scale power projects in the provincial electricity company said.
“With 10-megawatt capacity, the power station is projected to...
Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, dimmed the prospects of fuel demand recovery.
Brent crude futures were down 37 cents, or 0.9%, at $42.77 a barrel, and US West Texas Intermediate crude futures...
Sharaf Shah Dam in Qasr-e-Shirin County, in Kermanshah Province, was launched Thursday.
The dam has a storage capacity of 101 million cubic meters of water and seeks to provide clean water to people in Soomar and Naft Shahr, two border cities near Iraq in the western province, the Energy...
Royal Dutch Shell said it will write down between $15 billion and $22 billion in the second quarter, as the company gave investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil.
The impairment is the firm’s largest since Royal Dutch Petroleum Co. and Shell Transport...