Energy in Iran

Energy in Iran describes energy and electricity production, consumption, import and export in Iran. Iran has the fourth largest oil reserves and the largest natural gas reserves in the world.

Iran is an energy superpower. Iran is in a constant battle to use its energy resources more effectively in the face of subsidization and the need for technological advances in energy exploration and production. Energy wastage in Iran amounts to six or seven billion dollars (2008). The energy consumption in the country is extraordinarily higher than international standards. Iran recycles 28 percent of its used oil and gas whereas the figure for certain countries stands at 60 percent. Iran paid $84 billion in subsidies for oil, gas and electricity in 2008. Iran is one of the most energy-intensive countries of the world, with per capita energy consumption 15 times that of Japan and 10 times that of European Union. Also due to huge energy subsidies, Iran is one of the most energy inefficient countries of the world, with the energy intensity three times higher than global average and 2.5 times the middle eastern average. Half of the country’s energy is wasted in domestic sector, 3.4 of which is wasted through single-occupancy vehicle use and 2/3 parts of power plants' energy are also wasted.

Iran

Iran (/aɪˈræn/ or ⁱ/ɪˈrɑːn/;Persian: Irān – ایران‎‎ [ʔiːˈɾɒːn]), also known as Persia (/ˈpɜːrʒə/ or /ˈpɜːrʃə/), officially the Islamic Republic of Iran (جمهوری اسلامی ایران – Jomhuri ye Eslāmi ye Irān [d͡ʒomhuːˌɾije eslɒːˌmije ʔiːˈɾɒːn]), is a country in Western Asia. It is bordered to the northwest by Armenia, the de facto Nagorno-Karabakh, and Azerbaijan; with Kazakhstan and Russia across the Caspian Sea; to the northeast by Turkmenistan; to the east by Afghanistan and Pakistan; to the south by the Persian Gulf and the Gulf of Oman; and to the west by Turkey and Iraq. Comprising a land area of 1,648,195 km² (636,372 sq mi), it is the second-largest country in the Middle East and the 18th-largest in the world. With 78.4 million inhabitants, Iran is the world's 17th-most-populous country. It is the only country that has both a Caspian Sea and an Indian Ocean coastline. Iran has long been of geostrategic importance because of its central location in Eurasia and Western Asia, and its proximity to the Strait of Hormuz.