Iran's energy sector review

Iran Custom Administration says the country's non-oil export decreased by 7.7 percent to $2.731 billion, while imports plunged 8.23 percent to $1.971 billion during last Iranian calendar month (March 21 to April 21). The report, released on May 1 put gas condensate in export items. Gas condensate, also known as ultra-light oil- shares about one fourth of the country's total non-oil exports. The latest statistics released by Trade Promotion Organization of Iran (TPOI) indicates that the total amount of Iran's non-oil exports during last fiscal year was $61,760 billion, about 20 percent more than the previous year. A glance on the details of this report shows that oil-related raw commodities have a huge share in the total "non-oil" exports. For instance, gas condensate export increased by 36 percent to above $14 billion during the last fiscal year. Or, the value of propane, butane, methanol, polyethylene and bitumen exports was about $8 billion, whi...

While Iran is preparing to boost its gas output by at least 66% to 1,100 million cubic per day during coming years, its clients are keen to rely on domestic gas production projects or seeking other suppliers, but it seems Iran’s gas agreements are not being undermined yet. Turkey rejected Iran’s proposal to double gas delivery in mid-April, while Iraq is faced with an increasing security crisis. Pakistan hasn’t resolved financial problems to construct the Peace Pipeline yet and Oman has disputes around the route of under-water pipeline, aimed at delivering Iranian gas to the country. Oman also preparing to commence a new gas field to increase gas production by 28 mcm/a in two years.   However, none of them will likely undermine Iran’s gas agreements with these countries. Oman   BP announced April 21 that it is preparing to start natural gas production from Oman's Khazzan field’s first stage by 2017 at a rate of 28.3 mcm/d. Total investment in the first phase to ...

Iran's annual primary energy consumption surpassed 2 billion barrels of oil equivalent (OE). The Managing Director of the Iranian Fuel Conservation Company (IFCO) Nosratollah Seifi told Shana news agency Apr.28 that the country's primary energy consumption was 1.76 billion barrels of OE in 2010, but the figure reached 2.077 billion barrels of OE during last fiscal year, which ended March 2015. Iran suffers from high-energy consumption and usage growth as well as high-energy intensity. On the other hand, about 0.4 billion barrels of OE was wasted in Iran annually. Below is Iran's actual fossil energy consumption per day according to the data derived from National Iranian Oil Refining & Distribution Company's (NIORDC) annual report. Fiscal year Total daily energy consumption Kb of OE Daily gas consumption Kb of OE Daily liquid fuels Kb of OE 1979-80 565 63 479 1989/90 1062 248 779 1999-2000 2084 1025 995 2004-200...