Iran's energy sector review

My exclusive article for Daily AzerNews Both oil and non-oil exports of Iran decreased significantly during the first month of the new solar year, which started in March, while transferring export revenues into the country is facing further challenges. According to a report of the local news agency ISNA, released on May 14, Iran's non-oil exports (including gas condensates) in the first Iranian calendar month of Farvardin (March 21-April 20) dropped by 11.1 percent to $2.497 billion compared to the same period in the past year. The plunge in export occurred while Iran targeted $59 billion (about $5 billion per month) worth of non-oil export for the current solar year. Iran's oil exports during the last two months have decreased compared to previous months as well. In March 2013, the export of Iranian oil dropped to the lowest mark since 1986, the last year of the Iran-Iraq war. According to Reuters, this figure made up 810,000 barrels per day, but in April, it incre...

Iranian oil Minister Rostam Qasemi rejected the rumors that Iran has dropped to the fifth place as OPEC's biggest oil producer. He went on to note on May 13 that in terms of oil production "capacity" Iran still stands at the second place after Saudi Arabia. Qasemi was reacting to the latest report released by the OPEC, but he did not mention to the exact amount of Iran's "real" oil production. OPEC's latest monthly report, which was released on May 10, shows that Iran's oil production stood at around 2.695 million barrels per day. The report was based on secondary sources (OPEC Research Center). According to the report, Iran was OPEC's fifth biggest oil producer in April, next to Saudi Arabia, Iraq, Kuwait, and the United Arab Emirates. It is while Iran was OPEC's second biggest producer in April of 2012. Iranian oil officials haven't announced the country's "real" oil production for months, and just refer to Teh...