Iran's energy sector review

Dropping GDP from $550 billion in 2009 to $367 billion in 2013, rising inflation rate from 12.4 percent in 2010 to 32.6 percent in mid-2013, rising liquidity by 6.5 time during Ex-President Mahmoud Ahmadinejad's 8-year presidency to mid-2013, dropping the national currency value by 3.5 times from 2011 to mid-2013, etc. These are only the "plot" of the tragedy, not the whole story of Iran 's economy during Ahmadinejad's presidency. But what has been changed during the last year and a half of Hassad Rouhani’s presidency? During his term in office, the previous president, Ahmadinejad not only called the imposed international sanctions on Iran's nuclear program "a worthless piece of paper", but his administration released economic statistics that were "mixed, delayed and fake" according to the new administration and economic experts' views. A glance at Iran 's economy during Hassan Rouhani's presidency, starting in mid...

Sitting on the world’s biggest natural gas reserves, the Iranian government requested last week from Turkmenistan to increase gas delivery to Iran by 6 million cubic meters per day (mcmpd) to 30 mcmpd to avoid gas shortage in upcoming winter. It's while, the Iran's Oil Ministry stated that it is preparing the gas export to Iraq, Oman and have planned delivering gas to Europe Union. Currently, Iran exports about 8.5 bcm of gas to Turkey and imports approximately the same volume the Turkmen gas. Iran has several giant upstream projects, including the development of the worlds biggest gas field, South Pars, increasing production of associated gas and cutting a 20-mcm volume of flared gas. Iran's associated gas production level increased by 27 mcmpd and the natural gas output of South pars rose by 25 mcmpd during 2014, but the consumption level increased by 100 mcm during the past weeks compared to the last year's same period. Majid Boujarzadeh, a spokesman w...

Six leading states of the world have started negotiations with Iran on its nuclear issue. It has been agreed to sign a long-term nuclear deal before Nov.24, or to extend the temporary agreement. Iranian and Western representatives state that the main problem is the volume of the uranium enriched by Iran, as well as the issues related to lifting the sanctions imposed on Iran. Iran’s opportunities and demands Currently, Iran possesses 19,000 IR1 and 1,000 IR2 centrifuges and only 9,000 of them are operational. Uranium hexafluoride (UF6) gas has been pumped into these centrifuges for enrichment. Moreover, a nuclear plant with the capacity of 1,000 megawatts operates in Iran. Although the construction of Bushehr nuclear power plant started before Iran’s Islamic Revolution, Germans suspended the implementation of this project in 1979. Iran and Russia reached an agreement in 1992 to construct Bushehr nuclear power plant. The plant’s construction was resumed in 1996 and it bega...