Iran’s primary energy consumption ups by 50 percent in 10 years

Iran’s primary energy consumption ups by 50 percent in 10 years

Tehran, Iran, Jul. 23

By Milad Fashtami - Trend:

The U.S. Energy Information Administration (EIA) in its annual report about Iran's energy sector released on July 22 said that the country's primary energy consumption has grown by more than 50 percent over the past 10 years.

Iran is the second-largest oil-consuming country in the Middle East, second to Saudi Arabia.

The report reads that, Iranian domestic oil consumption is mainly diesel, gasoline, and fuel oil. Total oil consumption averaged approximately 1.75 million barrels per day in 2013, almost 3 percent higher than the year before.

In the past, Iran had limited domestic oil refining capacity and was heavily dependent on imports of refined products, especially gasoline, to meet the domestic demand. In response to international sanctions and the resulting difficulty in purchasing refined products, Iran expanded its domestic refining capacity.

As of September 2013, Iran's total crude oil distillation capacity was nearly 2.0 million barrels per day, about 140,000 barrels per day more than the previous year, according to FGE.

According to EIA, most of that increase came from expansion projects that were recently completed at the Arak and Lavan refineries. Iran also extracts petroleum products at natural gas processing plants (naphtha and liquefied petroleum gas). A small amount of crude oil, approximately 4,000 barrels per day, is directly burned for power generation.

Almost all of Iran's product consumption was locally produced. In 2013, FGE estimates that Iran imported almost 17,000 barrels per day of petroleum products, of which roughly 85 percent was gasoline.

Over the past several years, Iran's gasoline import dependence has decreased significantly as a result of increased domestic refining capacity and subsidy cuts. Iran plans to increase gasoline production capacity at the Isfahan and Bandar Abbas refineries by the end of 2014.

Despite refinery expansions, FGE expects Iran's gasoline imports to increase over the medium and long term because of increased gasoline demand and the government's plan to reduce gasoline production at petrochemical plants. However, gasoline demand is expected to decrease in the short term because of higher prices as a result of subsidy cuts.

Iran consumed 9.6 quadrillion British thermal units (Btu) of energy in 2012. Natural gas and oil accounted for almost all (98%) of Iran's total primary energy consumption in 2012, with marginal contributions from coal, hydropower, nuclear, and non-hydro renewables.

In order to curtail wasteful energy use and to limit domestic demand growth, Iran has embarked on an energy subsidy reform to raise the prices of domestic petroleum, natural gas, and electricity. The first phase of the reform was enacted in late 2010, and phase two was initiated in early 2014.

IEA says that in 2013, Iran produced approximately 3.2 million barrels per day of petroleum and other liquids (total oil), of which roughly 2.7 million bpd was crude oil, 0.4 million bpd was condensate, and 0.1 million bpd was natural gas plant liquids (NGPL).

Iran's total oil production level in 2013 was 1.0 million bpd (almost 25%) lower than the production level of 4.2 million bpd in 2011.

According to the Oil & Gas Journal, as of January 2014, Iran has an estimated 157 billion barrels of proved crude oil reserves, representing nearly 10% of the world's crude oil reserves and 13% of reserves held by the Organization of the Petroleum Exporting Countries (OPEC).

About 70% of Iran's crude oil reserves are located onshore, with the remainder mostly located offshore in the Persian Gulf.

Iran also has proved and probable oil reserves of approximately 500 million barrels mostly offshore in the Caspian Sea, but exploration and development of these reserves have been at a standstill because of territorial disputes with neighboring Azerbaijan and Turkmenistan.

Iran also shares a number of both onshore and offshore fields with neighboring countries, including Iraq, Qatar, Kuwait, and Saudi Arabia.

Most of Iran's reserves were discovered decades ago. According to a report by Clyde & Company, roughly 80% of Iran's reserves were discovered before 1965.

Building materials price hikes may increase cost of projects in Georgia
Building materials price hikes may increase cost of projects in Georgia
Iran's Rasht-Caspian railway to stimulate development of production
Iran's Rasht-Caspian railway to stimulate development of production
International DOPPELMAYR to finish construction of Georgian ropeway
International DOPPELMAYR to finish construction of Georgian ropeway
Loading Bars
Latest
Rajnath Singh meets Nepal’s Foreign Minister Pradeep Kumar Gyawali
Six Indians in top-10 of BWF world junior rankings
Bhutan PM congratulates Modi on 'landmark' Covid vaccination drive
Turkic peoples to revive liberated Azerbaijani lands in spiritual and cultural field - TURKSOY Sec-Gen
Azerbaijan discloses main principles of vaccination against COVID-19
Joint exercises of the Azerbaijani and Turkish armies to be held (PHOTO/VİDEO)
Azerbaijan confirms 845 more COVID-19 recoveries
Kazakhstan's Baikonur extends quarantine until Feb 1
Call for prayer sounded for first time at cemetery in Azerbaijan’s Kalbajar district previously occupied by Armenia (VIDEO)
Iran reveals COVID-19 data for January 17
Quake death toll at 73 as Indonesia struggles with string of disasters
We are happy with Azerbaijan’s return of its ancestral lands - Turkic Culture and Heritage Foundation (PHOTO)
Azerbaijan sends interstate statement against Armenia to European Court of Human Rights
Georgia reports 780 coronavirus cases, 1 608 recoveries, 17 deaths
COVID-19 cases continue to drop in Turkey, TRNC braces for new lockdown
Azerbaijan approves COVID-19 vaccination strategy for 2021-2022
Delegation of Turkic Council, Turkic Culture and Heritage Foundation and TURKSOY visit Aghdam (PHOTO)
Electricity supplies to Azerbaijan's liberated Shusha begin
Iran discloses number of contracts signed in industrial parks of Ardabil Province
Uzbekistan’s activity on Turkmenistan’s Commodity, Raw Materials Exchange for Dec. 2020
Guatemala cracks down on migrant caravan bound for United States
Iran has means to restore oil extraction
U.S. Diplomatic Mission in Kazakhstan launches ’30 Years Together’ campaign
Brazilian healthcare watchdog declines request for emergency use of Sputnik V vaccine
SOCAR bonds will again bring their owners $1.25 million
Turkey's investments in natural gas supply reach $3B in 18 years
EU would like new EPCA to enhance bilateral relations in Central Asia
Georgia to get first part of Covid vaccine in one month
AEOI issues statement in response to E3
Kazakhstan reports almost 1,000 new COVID-19 cases
U.S. state capitals, Washington on alert for possible pro-Trump armed protests
Argentina confirms first case of new variant of coronavirus
Frankfurt airport terminal shut down over man threatening police
Azerbaijani districts to be digitalized within Smart City project
G7 summit to take place in UK’s Cornwall in June
Volume of essential products available in Iranian ports revealed
France's COVID-19 death toll tops 70,000
Fires in central Chile consume over 3,200 hectares
2 IS militants killed, 6 arrested in Iraq
Iran's Bahar Azadi gold coin price continues to fall
Iranian Energy Exchange announces products to be on sale on January 18
President Ilham Aliyev calls President Recep Tayyip Erdogan
WHO reports over 688,000 new daily cases of COVID-19
Tunisian PM appoints new ministers in sweeping cabinet reshuffle
Azerbaijani gymnasts awarded the title of "Honorary Master of Sports"
Thousands march in Vienna against coronavirus restrictions
Uzbekistan's Bukhara oil refinery starts production of RON-95 gasoline under QuWatt brand
Iran's SPGC reveals processing data of its first refinery
Kazakhstan, Greece boost trade turnover year-on-year
Building materials price hikes may increase cost of projects in Georgia
Serbia receives 1 mln Sinopharm vaccines from China
Iran's Rasht-Caspian railway to stimulate development of production
Over 110,000 health workers receive COVID-19 vaccine shots in Istanbul
7 killed in helicopter crash in southern Philippines
New footage from Azerbaijani Aghdam district's Shelli village issued (PHOTO/VIDEO)
Azerbaijan confirms 650 more COVID-19 recoveries
Buy/sell operations at Iran Mercantile Exchange soar
Georgian plans to vaccinate 60% of its population
Turkmenistan's MFA holds briefing dedicated to commissioning of infrastructure facilities (PHOTO)
Kazakhstan reports big increase in revenues from transporting cargo by air
Preliminary cost of building pharmaceutical cluster in Tashkent revealed
Iran reveals COVID-19 data for January 16
Member of Turkey's coronavirus board assures efficacy of CoronaVac
Azerbaijan shares footage from Mirzajamally village of Fuzuli district (PHOTO/VIDEO)
Summary of Operational Headquarters' amendments to quarantine regime in Azerbaijan
Azercell’s Mobile Eye and Mobile Dental Clinics provided free medical service to the hundreds of residents in 2020! (PHOTO)
Nepal approves emergency use of Covishield vaccine manufactured in India
COVID-19 infection rate falling in Azerbaijan - TABIB
Georgia reveals number of COVID-19 cases for Jan.16
Iran's trade turnover with Turkmenistan decreases
Japan interested in creation JVs in Uzbekistan in production and services spheres
Details of agricultural products exported to Iraq via Iran's Mehran customs announced
Turkmenistan's Main State Service opens tender for equipment purchase
Participation in funeral to be permitted via Azerbaijani Interior Ministry's Call Center
Toughened quarantine in Azerbaijan turned out to be effective - President's assistant
Vaccination of people aged over 65 to begin on Feb. 1 - Azerbaijani president's assistant
Storage facilities for COVID-19 vaccines being created in Azerbaijan's Shusha (UPDATE)
Nepal requests India for early provision of COVID-19 vaccines
S Jaishankar attends sixth meeting of India-Nepal Joint Commission
At 18 million, India has largest diaspora in the world: UN
Azerbaijan to purchase vaccines via Fund for Combating COVID-19
Baku subway, public transport not to work on weekends until quarantine ends
Azerbaijan reveals volume of imported Chinese Sinovac vaccine
Azerbaijan shares footage from liberated Hajikand village of Kalbajar (PHOTO/VIDEO)
Operational Headquarters of Azerbaijan talks international, domestic flights
Prime Minister Modi Launches pan India rollout of COVID-19 vaccination drive
GM to invest C$1 billion in Canada plant to manufacture electric vans
Azerbaijan to start vaccination from COVID-19 - Operational Headquarters
Barbershops and beauty salons in Azerbaijan to start working soon
Kazakhstan sees decrease in exports to EAEU countries
Review of transactions in national currency at Turkmen exchange for Dec. 2020
Total amount of transactions on Turkmen Commodity Exchange for Dec. 2020
Iran's companies can offer technical services in Azerbaijan's Karabakh
Azerbaijan to resume activity of shopping centers, museums, barbershops
Weekly review of Azerbaijani currency market
Uzbekistan reveals its COVID-19 data for January 16
Ban on entry-exit to some cities, regions of Azerbaijan remains in force
Azerbaijan makes wearing face masks mandatory both indoor, outdoor
Public catering facilities in Azerbaijan to resume activity soon
Aftershock rocks Indonesia quake zone as search continues
All news