The temporary power failure caused by the extremely high level of humidity and dust pollution in Iran's southwestern province Khuzestan has slightly decreased the country's oil production, but it won't influence Iran's OPEC commitments.
Iran’s Energy Minister apologized the residents of Khuzestan Province in southwestern Iran for power and water cut caused by climatic conditions.
Tehran Municipality and the Iranian Oil Ministry have set up self-service filling stations for the first time in the Iranian capital of Tehran.
Iran’s biggest solar power plant was inaugurated on Saturday, February 4, in Iranian West-central province of Hamadan.
Many cities and villages across Iran are facing a dropped temperature as well as rain and snow fall, and this has sharply raised the daily gas consumption.
An official with Russian energy company Lukoil says the firm’s target area in the Middle East is Iran at the moment, but it also seeks opportunities for growth in other regional countries as well.
An Iranian MP has asked the Oil Ministry to take measures to extract oil from shale resources in south-western Iran.
Germany’s major oil and petrochemical companies, including BASF, have expressed their willingness to invest a total of $12 billion in the Iranian oil sector.
Iran has managed to raise its oil production and export to 4 million and over 2 million barrels per day, respectively, in a four-month period of time, following the removal of sanctions on the country’s oil sector.
Iran’s Oil Minister Bijan Zanganeh says the country’s overall sales of crude oil and condensate will reach as high as $41 billion by the end of the current Iranian calendar year (21 March 2017).