Iran ups oil refinery, nuclear power – BP

Business Materials 14 June 2017 16:18 (UTC +04:00)

Baku, Azerbaijan, June 14

Dalga Khatinoglu, Trend:

Iran’s oil refinery throughput has increased by 1.3 percent to 1.891 million barrels per day (mb/d) in 2016, compared to 2015, BP reported in its annual report.

According to the company's Statistical Review 2016, Iran’s oil refinery capacity also stood at 1.985 mb/d.

The report didn’t go into details of actual outputs, but according to a report, released by Iran’s Oil Ministry and seen by Trend, Iran refined about 1.7 mb/d of crude oil as well as 70,000 b/d of gas condensate and produced 1.71 mb/d of oil products during the last fiscal year, ended on March 20.

The actual oil refining volume was 0.1 mb/d less than 2013, the report says, but during the current year, it’s expected the first phase of Persian Gulf Star Refinery with 120,000 refining capacity of gas condensate becomes fully operational.

BP estimated that Iran produced 4.6 mb/d of oil, gas condensate and NGLs during 2016, about 18 percent more than 2015, while the domestic consumption was 1.848 mb/d, or 0.1 percent less than 2015.

Iran’s coal production also reached 1.7 million tons of oil equivalent (OE), which indicate 4.3 percent growth, compared to 2015. The nuclear power generation also increased by 75.3 percent to 1.4 million tons of OE.

However, Iran’s hydropower generation decreased by 29.3 percent to 2.9 million tons of OE in 2016.

Renewables grew by 2.6 percent to 0.1 million ton of OE as well.

Iran’s total electricity generation capacity reached 286 terawatt-hours, which indicates 1.2 percent growth.

The country’s carbon emissions also increased by 2.1 percent to 630.9 million tons.