Iran's energy sector review

Iran says it bunkered millions of metric tons of liquid fuel to ships sailing through the Gulf in the first ten months of the current Iranian fiscal year. The manager of the commercial division at National Iranian Oil Products Distribution Company (NIOPDC) Mohammad Reza Mazloumi says that 3 million metric tons of fuel oil (worth $1.35 billion, a 30 percent increase), 107,000 metric tons of gas oil (worth $96 million, a 30 percent increase) were supplied to ships in the 10-month period (March 21, 2014 – January 20, 2015). Iran has a target to bunker 4 million metric tons of fuel oil and gas oil during the current fiscal year. On the other hand, according to the latest Ports Report, Iran has 9.17 million metric tons and 1.38 million metric tons of oil products export and import respectively during this 10-month period. Noshahr, Neka, Fereidoon Kenar and Amirabad ports are located on the Caspian Sea; therefore Iran imported 132,000 metric tons from Caspian littoral countries

Latest official reports indicate that Iran consumed 148.5 billon cubic meters (bcm) of natural gas during last 10.5 months in housing, industrial and power plants sectors, indicates a 15 bcm increase year-to-year. The figure for ten months of the current fiscal year was about 138 bcm. Iran's fiscal year starts on March 21, based on solar calendar, contemporary with the beginning of spring. Naser Ebrahimi, Director of Gas Distribution Department of National Iranian Gas Company (NIGC) told IRNA that the country's gas consumption (excluding the re-ejected gas to oil fields, flaring, etc) reached 148.406 bcm during the 322 days of the current fiscal year (10.5 months). He announced earlier on Jan.23 that the country's gas consumption stood above 138 bcm during last ten months (306 days), without mentioning an exact volume. Therefore, Iran's gas usage during the 16 days (322 days minus 306 days) 10 to 10.5 bcm, or around 625 to 656 mcm/d. Gas consumption