China keeps buying oil from Iran

China keeps buying oil from Iran and will use the National Iranian Tanker Co (NITC) for nearly all their imports to be shipped, reports Reuters. China has recently cut its crude oil purchases from the […]


Tehran offers oil cargo insurance to India

In order to keep its oil clients in Asia, Iran has started to offer cargo insurance to India, reports Reuters. Iran’s key market for oil located in Asia is under threat as the U.S. sanctions […]


Oil Ministry changes management duration

The Oil Minister, Bijan Zanganeh, is imposing four-year term limits for all top oil managers at state-run energy companies, writes Bloomberg. The new rule will take place since October 2018 and it will affect the […]


Power outages lead to massive losses for industries

Although unannounced power outages cause inconveniences for households, they lead to massive losses for manufacturers and industries. Taadol newspaper highlights the losses suffered by workshops located in industrial towns. The losses are the greatest for […]


Power outages will continue in Iran

Planned power outages will continue until the weather cools down, the Ministry of Energy announced. Each degree rise in the temperature leads to 1500 MW increase in consumption, said Deputy Minister of Energy, Homayun Haeri. […]


Iran offers petroleum at Energy Bourse

More than 20 years after the establishment of the Energy Bourse, the private sector has been granted permission to take part in crude oil trade. The Government is seeking new ways to sell its crude […]


15% of global plastic waste produced in Iran

In spite of having 1% of global population, Iran is responsible for 15% of global plastic waste, writes Shahrvand. The use of plastic is on the rise among Iranians from using plastic table cloths and […]


Waterless Carwash in Tehran Grabs Attentions

An Iranian waterless carwash startup which washes vehicles on the spot has thought of a novel idea to attract customers. Rain warranty, meaning that if it rains, up to 24 hours after having your car […]