Iran's energy sector review

President Rouhani's administration has set the goal of 519 trillion rials, (about $20.9 billion) government's income from implementation of the subsidy reform plan in budget bill. The government's income from the subsidy reform plan is expected to be around $11.26 billion in the current year. The Parliament approved the generalities of changes to the next year's budget bill on Jan.28. One of the most controversial items of the budget was the subsidy reform plan. The budget bill didn't specify detailed fuels prices, but increasing the government's incomes from the subsidy reform plan means more cuts to the state finances on subsided commodities and the necessity of raising fuel prices. Former President Mahmoud Ahmadinejad's administration in December 2010 implemented the subsidy reform plan to make some profit. The subsidy reform plan is aimed at easing pressure on state finances by cutting tens of billions of dollars from government subsidies ...

  By Dalga Khatinoglu Three years after being hit on the head during a police raid on Ankara  University , 25-year-old Arkadash Zekai Ozger’s body was found on the streets. A year after his death –caused by cerebral hemorrhage – in 1973, a collection of his poems that have been published in different newspapers and magazines, was gathered by his friends and published under a book named "It Is Love". Arkadash Zekai Ozger I’m someone, Who talks less, but tires more I like to drink wine with Halva I’ve never whispered any prayers But I love God and mom, My mom loves Him too Love of God and cats runs in our family We all love God and cats traditionally Life is a tragedy of a homosexual In my eyes, all homosexuals are similar to Adonis Because every drunkenness, Is a bit similar to Freud’s non-alcoholic deliriums… Arkadash Zekai Ozger In modern times, Adonis's name is often applied to handsome youths. Adonis –the god of beauty- has ...

Iran has 15 joint oilfields with its Arab neighbors The joint oilfields' production accounts for less than 10 per cent of Iran's current total oil output. The development process of Iran's three joint oilfields with Saudi Arabia including Arash, Esfandiar, and Farzad is currently slow, the Managing Director of National Iranian Oil Company Roknoddin Javadi said, adding that Iran currently produces 252,000 barrels of oil at its joint oilfields with neighboring counties. Javadi told the Iranian Mehr News Agency on January 24 that the country also produces 283 million cubic meters of gross gas at its joint [South Pars] gas field. Iran produces some 283 million cubic meters of gross gas per day at 10 phases of the gas field. Some 200 million cubic meters of the mentioned amount is being transferred to the national gas network, while the rest is being injected to the oil wells or being fed to the petrochemical complexes. According to BP's reports, Qatar produces ...

Long-lasting delays in Iran's upstream gas projects doubled the country's liquid fuel consumption of power plants in winter compared to temperate seasons. Iran holds 33.6 trillion cubic meters of proved gas reserves, sharing 18 percent of total global gas reserves which puts Iran in the top of the world's gas holders list, however, lacking technology and investment led to long-term delays in implementation of gas production projects. During the current Iranian calendar year (from March 20, 2013) the country slightly increased gas output, but consumption hugely outpaced it. Gas output, consumption growth During the last months of Iran's Ex-President Mahmoud Ahmadinejad tenure, the gas sweetening units of giant South Pars gas field's Phases 15 and 16 were inaugurated, while the gas extraction projects in these phases were not yet completed. Then, Iran decided to transfer some 12.5 million cubic meters per day of the produced sour gas in Phases 6, 7 and ...

After nine years of extreme disputes, Iran and the international community reached a historical accord and that was implemented on Jan.20. I said international community because the United Nations and all major countries involved in applying restrictive measures to curb Iran's hidden and suspicious nuclear activities were suspected to be used to build an A-bomb. Iran has repeatedly announced that the enrichment uranium is aimed to produce nuclear fuel for power plants, but supplying the fuel of Iran's only nuclear power plant Bushehr, is guaranteed by Russia for 10 years. Russia delivered 82 tons of nuclear fuel in 2008 and 30 more tons in May 2011 to Iran. This amount meets the Bushehr NPP's fuel needs for four years. According to the International Atomic Energy Agency (IAEA) when issuing a publication on November 2013, Iran enriched 196 kg of 19.75 percent-enriched U-235 which was diluted or converted to oxide uranium- Uco8- on Jan.20. Iran's total 3.5 ...

The main index of the Tehran Stock Exchange saw sharp fluctuations during last three days. On Jan.12, the TSE main index fell 2700 points compared to Saturday. That was unprecedented in the past five years. However, the index rose again on Monday. The main index hit 85,000 points on Sunday, a 2.3 percent fall compared to the day before. But, it rose to 87,112 points and 87,640 points on Jan13-14, respectively. According to the official website of the Tehran Stock Exchange, the TSE main index hit 250,000 points in the year 1390 (March 2011-March 2012), and it surged to 400,000 points last year. The interesting note is that the index has doubled in the current year and has passed 87,000 points, while other economic indices in Iran are in a very bad situation. For example, Iran's economy contracted by 5.8 percent last year, and is expected that it reach zero percent in the most optimistic case for current Iranian calendar year, which will end on March 19. Different factors caus...

From the beginning of 2012, even before the European Union and the United States enforced sanctions on Iran's oil sector, the country was forced to halt production at some of its oilfields due to the gradually reduction in the EU's oil imports from Tehran. Europe accounted for 18 per cent of Iran's total oil exports in 2011. Tehran's refining capacity has remained the same since 2012, however, by enforcing sanctions on Iran's oil exports in July 2012, Asian customers were also forced to reduce their oil purchases from Iran step by step. The United States every six month has exempted some countries from the sanctions due to their continuous effort to cut their oil imports from Iran. This factor has forced Iran to accelerate shutting down oil wells at some of its fields. But another factor that has been mainly ignored is the fact that the country faces with natural production decline because about the 80 per cent of Iran's active oil fields are in their second ha...