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energy

Iran steel output falls for second year amid power, gas shortages – Industry official

Iran’s economy has suffered $14 billion in cumulative losses over the past four years due to power and gas outages, a senior industry official said on Saturday, warning that the country’s steel sector continues to face serious production setbacks.

Energy

Iran announces rise in gasoline output to 120 million liters a day

Iran has ramped up its gasoline production to 120 million liters per day in the second Iranian calendar month of Ordibehesht (started on April 21), up from 107 million liters the previous month, even as the country’s refining industry reports a dramatic collapse in profitability, a senior industry official said on Tuesday.

Energy

Oil minister to visit Iraq for deals as ties in energy remain ‘strong’

Iran’s Minister of Oil Mohsen Paknejad announced plans to travel to Iraq in the coming days, stating his country has established “strong relations and cooperation with Iraq across various sectors, particularly in the oil industry and joint oil project implementation.”

Energy

Iran’s gasoline consumption expected to hit 135 million liters per day during New Year holidays

A record 135 million liters a day of gasoline is expected to be consumed by Iranians during the upcoming Persian New Year holidays, an energy official said.

Energy

Iran reaffirms commitment to electricity exports to Iraq despite US sanctions

Iran’s Foreign Minister, Abbas Araqchi, has reaffirmed Tehran’s commitment to supplying electricity to Iraq, despite the United States revoking a sanctions waiver that had allowed Baghdad to import Iranian electricity.

Energy

Pezeshkian warns of improper energy use, apologizes for power outages

President Pezeshkian says improper energy consumption is among the primary challenges facing the energy sector and apologizes for the inconveniences caused by energy imbalances and recent power outages.

Energy

Deputy minister apologizes for industrial power outages

Deputy Minister of Industry, Mine, and Trade Hossein Farhidzadeh also said this year’s power outages had caused more than $108 million per day in damage to the Iranian industrial sector.

Mine and Industry

Iran plans major expansion of renewable energy in three years

Iran’s Energy Minister Abbas Aliabadi has said that the country has a three-year plan for growing its renewable energy generation capacity.

Energy

Iran plans to raise its power generation by another 30,000 MW

Iran’s Minister of Energy has said that the country has plans to add another 30,000 MW to its power generation capacity by the end of the current administration of President Masoud Pezeshkian.

Energy

Iran’s gas consumption hits 876 mcm per day

The National Iranian Gas Company (NIGC) announced on Saturday that as much as 876 million cubic meters (mcm) of gas had been consumed in the country within 24 hours.

Energy

Iran Chamber of Commerce, Industries, Mines and Agriculture

Established in 1884, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) is a non-profit and non-governmental institution which aims at facilitating economic growth and development in the country. Iran Chamber tries to further coordinate the activities of the private sector. As an economic forum, representatives from both the government and the private sector attend Iran Chamber's sessions. Meanwhile the institution acts as an advisory body to the government, parliament and judiciary.

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