Iran's energy sector review

Meanwhile the Islamic Republic is preparing for post-sanctions period, the official statistics unveil a significant fall in the country’s non-oil foreign trade. According to primarily brief statistics, released by Custom Administration, the country's total non-oil export (including gas condensate) decreased by 10.48 percent to $29.63 billion during the 8 months of current fiscal year, started on March 21. The imports also decreased by 21 percent during the mentioned period to $27.31 billion. The latest statistics released by Trade Promotion Organization of Iran (TPOI), covering 7 months of Iran's fiscal year, indicates that Iran increased exports to some regions show huge increase while to some regions plunged. exports March-Oct, 2015 ($million) March-Oct, 2014($million) Change OIC 11512 10862 -6% GCC 3736 2566 46% ECO 3532 4157 -15% CIS 1098 1485 -26% EU 816 727 12% ASEAN 339 417 -19% During this period Ir...

By John Roberts, Dalga Khatinoglu The Gas Exporting Countries’ Forum stands at a turning point: global warming and the need to reduce carbon dioxide emissions should ensure that gas is placed firmly in the spotlight when the world debates climate change in Paris at the end of this month and throughout early December. So when the leaders of the 13 GECF states meet in Tehran on 23 November, they will be addressing such long-terms questions as the role of gas in contributing to a cleaner, less polluted world as well as more immediate issues like the recent downturn in gas prices and the complications of securing funds for investment in gas production and distribution. There are both problems and opportunities. Referring to the International Energy Agency’s two-year-old that the world was entering “a golden age of gas” GECF Secretary-General Mohammad Hussein Adeli declared recently that “The Golden Age of Gas will only be 24-carat gold if we argue the case for gas vigorously and w...