News Categories

Without govt. support private power plants at risk of shutting down

26 June 2020 - 23:27
In recent years, due to the government funding constraints and financial pressures, Iranian private companies have taken on the mantle of developing the country’s power plants including both large-scale thermal plants and small-scale renewable ones.

PSEEZ enjoys high potential for investment

26 June 2020 - 04:40
Nooshin Rahgozar, the commercial attaché of the Belgian embassy in Tehran, says that Pars Special Economic Energy Zone (PSEEZ) enjoys some high potential for investment making, Shana reported.

Gold price back above $1,700 as 2020 ETF inflows surpass any calendar year

10 June 2020 - 02:46
The gold price jumped by almost $30 an ounce on Thursday clearing the $1,700 an ounce level as retail and institutional investors continue to pile into the metal seen as a safe haven in times of turmoil.

Energy ministers of Iran, Russia discuss trade, investment relation

31 May 2020 - 03:58
Iranian Energy Minister Reza Ardakanian discussed trade ties and investment cooperation with his Russian counterpart Alexander Novak in a phone conversation on Friday, Reuters reported, citing Russia’s energy ministry.

Iran-Amirkabir drilling platform goes operational after 4 years

28 May 2020 - 02:58
Iran’s Khazar Exploration and Production Company (KEPCO) has successfully put Iran-Amirkabir drilling platform into operation after four years, despite the U.S. sanctions.

Guyana political stalemate drags on

15 May 2020 - 18:43
Fledgling oil producer Guyana's political stalemate is dragging on amid slow progress in a closely watched recount of votes from a disputed 2 March parliamentary election.

Li, Co output may rise 500pc by 2050: World Bank

15 May 2020 - 18:10
Production of graphite, lithium and cobalt may need to rise by nearly 500pc by 2050 from 2018 levels to meet demand from energy storage technologies in the clean energy transition, the World Bank said.

Monthly hydropower output up 9% yr/yr

11 May 2020 - 23:19
The electricity output of Iran’s hydroelectric power plants in the first month of the current Iranian calendar year (March 20-April 19) increased by nine percent compared to its previous month (February 20-March 19).

Australia's Woodside sees low oil prices into 2021

30 April 2020 - 18:23
Australian independent Woodside Petroleum expects low oil prices to persist for the rest of 2020 and into next year, given lower energy demand amid the Covid-19 pandemic from an oil oversupply across large producers.

US Shortens Waiver; Time for Iraq to Import Iranian Electricity

27 April 2020 - 15:44
The United States has renewed a waiver for Iraq to continue importing Iranian electricity, a US State Department official said late Sunday, but this time for a shorter period of 30 days, adding that Washington would be reassessing whether to renew again once a ‘credible government’ is formed in Iraq.
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