Iran's energy sector review

Iran's power sector consumes about 400 million barrels of oil equivalent per year, sharing about one fourth of total primary energy usage in the country. The latest weekly statistics, released on Energy Ministry's official website which covers statistics of last fiscal year, ended on March 21, indicate huge changes in the power sector, but not fundamentally. According to the report, released on April 6, Iran has increased 2.871 GW power generation capacity including about 1.6-GW gas power plants, a 0.64-GW combined cycle power plant as well as a 0.52-GW hydroelectric power plant. However the actual power generation level increased by only 1.98 GW. Power sector Last fiscal year Y/Y change Last year Two year ago Gas consumption (bcm) 48.978 33.6% 36.224 40.692 Diesel consumption (billion liters) 9.231 -24.2% 12.592 7.767 Fuel oil consumption (billion liters) 10.281 -32.6% 15.308 14.45 Actual power generation (GW) 56.856 ...

Iran could resume gas condensate and petrochemical exports to above the pre-sanctions level during last fiscal year (March 21, 2014 - March 21, 2015). The country exported over $14 billion worth of gas condensate, as well as $14.241 billion worth of petrochemical products during the last fiscal year, according to the Customs Administration's latest monthly report. The report said Iran exported 19.124 million metric tons of natural gas condensate during last year, or averagely, 440,113 barrels per day, which indicates a 44.64 percent increase year-on-year. During the last month of Iran's fiscal year, February-March, Iran exported 271,000 barrels per day of gas condensate. However, the figure doesn’t indicate the exact amount of gas condensate sold by Iran, while just indicating the uploaded volume and the volumes shipped to global markets. For instance, Iran reportedly stores a part of its condensate in China. In mid-2012, the US and European Union imposed tight s...

The political deal between Iran and the P5+1 continuing to strengthen the stock markets' performance and Iranian rial against foreign currencies. The U.S. dollar was sold at 32,830 rials on April 6, 2 percent to 3 percent less than the rates before a political deal was achieved on April 2. However, the Tehran Stock Exchange main index (TEPIX) which stood at 61,500 points on March 17, has been strengthening to 71,286 on April 6. TEPIX stood at around 65,000 a day before the political deal. The figure is even lower than it was two years ago, when TEPIX reached above 87,000 points in September 2013, a few months after President Hassan Rouhani won the elections. Tehran Stock Exchange main index during last two fiscal years  (Mar 2013 to April 2015) For Iran which experienced around 8 percent GDP contraction during a period between imposing Western sanctions in mid-2012 and reaching an interim nuclear deal in November 2013, it's vital to reach a deal to ease biting sancti...