EghtesadOnline: An estimated $1 billon is invested in power sector per annum, but to meet growing demand in coming years this should at the least double, the Energy Ministry spokesman for the power department said in Tehran.
EghtesadOnline: Geological studies show water shortages in Iran will get worse due to waste and rising consumption.
EghtesadOnline: Water loss in the earth's largest inland body of water has worsened substantially since 1995 and is expected to continue in the foreseeable future due to rising temperatures associated with climate change, head of the National Center for Research and Studies of the Caspian Sea, affiliated to the Energy Ministry Water Research Center (WRC) said.
EghtesadOnline: Oil rose above $30 a barrel on Monday for the first time in two months as producers in the US and elsewhere continued to cut output.
EghtesadOnline: Crude oil and byproducts supply chain has expanded by 512 kilometers in the last 12 months.
EghtesadOnline: Electricity export from Iran s to neighboring countries shot up by 27.6% last year (March 2019-2020) compared to the year before, reaching more than 8 billion kilowatt hours – almost six times the power imported in the same year.
EghtesadOnline: The value of oil, gas and petrochemical exports has declined due to upheavals in the international oil market caused by the coronavirus. The massive quarantines and market closures worldwide have had a negative impact on the sales of the strategic products, a spokesman of the Iranian Oil, Gas and Petrochemical Products Exporters' Union said.
EghttesadOnline: Close to 1,800 megawatts will be added to the national grid next month to help meet rising demand in summer, managing director of Iran's Thermal Power Plants Holding Company said.
EghtesadOnline: A strong wave of coronavirus resurgence in the southern oil province of Khuzestan has not hampered crude production, the National Iranian Oil Company's deputy managing director for planning said Friday.
EghtesadOnline: Crude oil futures fell on Monday, with US futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that US storage facilities will soon fill to the brim amid the coronavirus pandemic.