Plan to Phase Out Dilapidated Power Plants
madaresharghi Iran aims to shut 3,000 megawatts from decrepit power plants amid a push toward efficient fossil power stations and a flurry of investments in renewable resources, the head of ...
Oil Markets Creep Higher on Supply Pact Expectations
madaresharghi Crude oil markets were slightly higher on Friday, supported by continuing supply cuts and expectations that an output deal will be extended at the end of the month. Brent ...
Italy Plans to Phase Out All Coal Plants by 2025
madaresharghi Italy called on Friday for coal power plants across the country to be phased out by 2025 and for renewable energy to play a greater role as it moves ...
Ardakanian Seeking to Improve Energy Management
madaresharghi The insatiable demand for electricity cannot be met, unless the Energy Ministry puts demand management on top of its agenda, the energy minister said. "Notwithstanding the country's installed power ...
Iran Reports Shortfall in South Pars Gas Output
madaresharghi Iran has reported a lower than expected natural gas output from its giant South Pars field, as the country continues maintenance activities at some of the field's phases in ...
Expert Says New York Out of Race for Aramco IPO Listing
madaresharghi A few days after US President Donald Trump made a high-profile pitch for Saudi Aramco to list on the New York Stock Exchange, prominent investor Mark Mobius said the ...
Iran, Turkey Set to Ease Petrochemical Trade Rules
madaresharghi Tehran and Ankara are taking steps to ease petrochemical trade by scaling back Turkey's import duties on Iranian petrochemicals, an official at the Petrochemical Downstream Industries Department said on ...
Iran Ratifies $7.3b Worth of Foreign Investments in Renewables
madaresharghi The government has commissioned the construction of €6.3 billion ($7.3 billion) worth of renewable power plants through foreign investment, government's spokesperson said, as Iran takes steps to diversify its ...
European Utilities Call for Higher Green Energy Targets
madaresharghi Some of Europe’s top utilities have called the EU’s green energy targets unambitious, urging the bar to be raised in the fight against climate change, a letter seen by ...
Gas Export to Iraq Stable at 12 mcm/d
madaresharghi Iran’s daily gas supply to the Iraqi capital Baghdad has increased to 12 million cubic meters from about 7 mcm/d since supply began in June, the managing director of ...