Iran's energy sector review

Iran's energy consumption level increasingly rises, while the energy productivity and energy intensity (EE) are worsening year to year. The head of Iran Energy Efficiency Organization Hossein Sajjadi says Iran's annual energy consumption is about 1,600 million barrels of oil equivalent. According to State TV website, Iribnews.ir, Sajjadi said on May 21 that about 400 million barrels of oil equivalent energy was wasted before being consumed, while 1200 million barrels of oil equivalent is consumed. Only 300 million barrels of oil equivalent of energy are used in the industrial sector. Iran's energy consumption ratio, as well as energy intensity is much higher than the world's average, while its energy productivity is very low. Energy intensity (EE) is energy consumption relative to Gross domestic product (GDP) and energy productivity (EP) is the ratio of GDP to energy consumption. The International Monetary Fund warned Iran to reduce EE as much as possib...

A week after coming up with espionage claims towards Russian Gazprom that it has been transferring sensitive information about Iran's joint Azer oil field to Iraq, some Iranian media outlets recently claimed that the Chinese CNPC handed over the secret data about Iran's other oil field - Azadegan, to Iraq. Those are the rumors that Iran's Foreign Ministry has refused to reject completely, saying that the case is under investigation. Both Azadegan and Azer (or Azar) oilfields are jointly shared between Iran and Iraq. The Middle Eastern neighbors have seven joint oilfields, including Azadegan (Majnoon), Azer (Badra), Yadavaran (Sinbad), Naft Shahr (Naftk hana), Dehloran (Abu Ghurab) and West Paydar (Fakka) and Arvand (South Abu Ghurab). Due to the fact that Iran lacks foreign companies working on its oil fields due to imposed sanctions, Iraq is developing its joint fields more intensively, notably Azer and Azadegan fields. In total, Iran produces 130,000 barrels ...