Iran's energy sector review

Iran had planned to export 400,000 barrels of oil products a day during last year, but unanticipated gas export stop by Turkmenistan, unpredicted gas output disruption at the South Pars field, as well as soaring gas demand in the housing sector in winter led to the oil products export decrease to 290,000 b/d or about 57 million liters per day (ml/d). The reason – unexpected gas shortage in the country, which led to rising liquid fuels consumption in power plants and the housing sector. During some weeks of winter, the north of Iran faced with gas outrage. Iran’s gas consumption in winter triples, compared to autumn. Iran had planned to deliver 65 billion cubic meters of gas to power plants during the last fiscal year (ended March 21), but it only supplied 61.5 bcm due to gas shortage in the housing sector, which reached 500 mcm/d in winter. Turkmenistan also cut 30 mcm/d gas export to Iran in January 1, 2017 due to Islamic Republic’s long-delayed $2 billion worth of debts. I

Iran has increased gasoline production during the last four years, but the output of other distillates has decreased. According to an official report, prepared by the country’s Oil ministry and seen by Trend on May 29, Iran’s gasoline output increased by 2.7 million liters per day (ml/d) in a fiscal year to March 2017 to about 70.22 ml/d, compared to a fiscal year to March 2013. Its consumption increased by 6.34 ml/d to 74.75 ml/d. Iran's fiscal year starts on March 21. Iran’s gasoline import has also increased by 8.4 ml/d to 12.1 ml/d during the mentioned period. The liquid methane and butane production also increased by about 930,000 l/d to 10.76 ml/d, but both production and consumption of other distillates has decreased. Distillates Production Ml/d Consumption Ml/d Gasoline 2013/14 67.52 68.41 2016/17 70.22 74.75 Gas oil 2013/14 97.69 105.83 2016/17 89.46 82.35 Kerosene 2013/14 12.52 11.92 2016/17 8.25 8.4