Iran's energy sector review

The Central Bank of Iran released a report on June 25, covering economic performance from March 22, 2013 to December 22, 2013. The report says that the country's petroleum export - including crude oil, gas condensate, oil productions, natural gas liquids (NGL), natural gas, liquid petroleum gas (LPG) as well as various oils and lubricants* - reached $ 46.532 billion during the mentioned period. On the other hand, the statistics of a three-month period ending on March 22, 2013 indicates petroleum export value was above $16 billion. So, Iran during a 12-month period started on December 22, 2012 (approximately corresponds to the year 2013) exported about $62.5 billion worth of mentioned commodities. It is not clear that CBI calculated the petroleum revenues based on selling, loading or payment date. The Iran Custom Administration's monthly statistics also indicates that Iran had sold $8.63 billion worth gas condensate export during a 12-month period started on De...

Iranian oil minister said that the country's citizens are paying less than 9 percent of their consumed liquid fuel price. Bijan Namdar Zanganeh said that the government is paying the rest of the cost via subsidies. Head of Iran Energy Efficiency organization (IEEO), Hossein Sajjadi, previously said that annually the equivalent of 1,600 million barrels of oil equivalent is being consumed domestically. He said that around 400 million barrels of the mentioned amount, or 25 percent, is being wasted in the transferring process, and just 1,200 million barrels of oil equivalent are being consumed by the consumers. IEEO's latest annual report also suggest that Iran's energy consumption in 2013 was less than 1.06 billion barrels, which means that in the past two years, energy consumption in the country has increased by 140,000 barrels oil equivalent. According to the report, Iran's per capita gas and oil products' consumption is 6 and 1.6 times more than the glo...