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  • EghtesadOnline: Brent crude prices eased on Friday but hovered near $70 a barrel as production cuts by major oil producers constrained supply, with optimism about a recovery in demand for the resource in the second half of the year also lending support.

  • EghtesadOnline: Bandar Abbas Oil Refinery in Hormozgan Province has increased output by 30,000 barrels of crude oil per day, the managing director said.

  • EghtesadOnline: With programs to revive Urmia Lake moving ahead, seven billion cubic meters of water from dams flowed into the world famous lake in the past decade and is increasing, head of Urmia Lake Restoration Project said.

  • EghtesadOnline: The number desalination plants in southern Hormozgan Province has increased threefold in the past six years, but such development projects should be given higher priority as water scarcity looms in the province, managing director of the Hormozgan Water and Wastewater Company said.

  • EghtesadOnline: Construction of petrochemical storage tanks in Mokran (also Makran) Petro-Refinery Complex will start in the port city of Jask in southern Hormozgan Province next week.

  • EghtesadOnline: Completing the value-added petrochemical production chain in petrochemical sector can help cut import of strategic commodities like propylene and also develop the key downstream sector, managing director of the state-owned National Petrochemical Company said.

  • EghtesadOnline: The five dams supplying water to Tehran hold 567 million cubic meters of water, which is 64 mcm less than the same time last year, deputy for water and hydropower affairs at the Tehran Regional Water Company said.

  • EghtesadOnline: Oil prices slipped on Monday after earlier climbing above $70 a barrel for the first time since the Covid-19 pandemic began after attacks on Saudi Arabian oil facilities.

  • EghtesadOnline: Mapna Drilling Company completed drilling four wells in the South Pars Gas Field Phase 11 off the Persian Gulf in two months, managing director of Petropars Company said.

  • EghtesadOnline: Studies to transfer water from the Sea of Oman to three eastern provinces in Iran have been completed and Tabesh Company has started the executive work, head of the company said.