Iran's energy usage exceeds 2 billion barrels of oil equivalent


Iran's annual primary energy consumption surpassed 2 billion barrels of oil equivalent (OE).
The Managing Director of the Iranian Fuel Conservation Company (IFCO) Nosratollah Seifi told Shana news agency Apr.28 that the country's primary energy consumption was 1.76 billion barrels of OE in 2010, but the figure reached 2.077 billion barrels of OE during last fiscal year, which ended March 2015.
Iran suffers from high-energy consumption and usage growth as well as high-energy intensity. On the other hand, about 0.4 billion barrels of OE was wasted in Iran annually.
Below is Iran's actual fossil energy consumption per day according to the data derived from National Iranian Oil Refining & Distribution Company's (NIORDC) annual report.
Fiscal year
Total daily energy consumption
Kb of OE
Daily gas consumption
Kb of OE
Daily liquid fuels
Kb of OE
1979-80
565
63
479
1989/90
1062
248
779
1999-2000
2084
1025
995
2004-2005
2931
1689
1174
2009-2010
3918
2504
1332
2010-2011
4027
2673
1274
2011-2012
4070
2707
1290
2013-2014
4120
2688
1362
2014-2015
4383
-
-
Iran's energy intensity is very high, about two times more than global average. According to official statistics, for every thousand dollar gross revenue gain, about 0.63 ton of oil equivalent energy is consumed in the country.
Energy intensity (EE) is energy consumption relative to the gross domestic product (GDP).
Seifi warned that if the current energy usage growth continues at the current pace, the total energy production would be equal to consumption level in 2025.
Iran planned to decrease primary energy consumption level to 1.148 billion barrels of OE in 2020 to economize $449 billion until this date.
Iran needs $192 billion investment to decrease energy intensity rate by 50 percent (with assuming a 6-percent GDP growth annually) to economize more than $1,100 billion in next 15 years in total.

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