Iran's energy sector review

The Iranian parliament passed a bill which ended the gasoline rationing plan - the legacy of former President Mahmoud Ahmadinejad since 2007. The fuel cards were charged every month as much as 60 liters and every auto owner could consume this amount at 10,000 rials per liter (about $0.29/liter). For extra consumption, citizens could purchase the non-rationed gasoline at 15,000 rials, or $0.43/liter. Iranian government has increased the fuel price by 10 times gradually since 2007, providing both rationed and unlimited gasoline. Iran is one of the world's major crude oil exporters, but the country is traditionally is a gasoline importer due to huge amount of fuel consumption in the country. Iranians consumes about 72 million liters per day (ml/d) of gasoline, of which 12 ml/d is imported. * Based on official statistics. Iran's fiscal year starts on March 21 During the last ten years, besides rationing gasoline, Iranian government also soared the distribution of com...

At least 24 Iranian oil fields, which share above 80 percent of the country's total crude oil output, have been needing gas re-injection since the beginning of Islamic Republic, 1979, but the re-injection amount was far below the demand. *According to official documents According to two official documents obtained by Trend, Iran has re-injected about 580.810 billion cubic meters (bcm) of gas to oil fields from 1996 to 2015, while the needed amount was 1,270 bcm. Some 17 of the mentioned 24 fields, prioritized for gas re-injection, were producing 3.7 million barrels per day (mb/d) in 1979, but the figure plunged to 1.75 mb/d in mid 2000s and continued to decline. Currently the country's total oil output stands at 3.65 mb/d, about 2.3 mb/d less than in mid 1970s. As mentioned above, 80 percent of Iran's active oil fields are in their second half-life and lose 8-12 percent of their output naturally each year. Iran needs extra 942.795 bcm of gas (or 287 mcm/d) re-inj...