Iran is among the leading producers and biggest exporters of oil in the world. There are varied kinds of fuels in Iran that produce energy for local consumption and exportation. Starting in 1913, Iran has led in exporting oil to the different parts of the world. Owed to the availability of cheap energy in Iran, there is not just too much wastage, but also too many smuggling cartels of the different fuels. The demand for fuel has gone up because there are so many cars being produced on a daily basis in the world.
Iran is the third global nation in the production of natural gas, primarily used domestically for electricity generation and heat production as well. This country continues to increase its production levels because there are new regions that are being discovered on a day to day basis. The country’s government has subsidized the prices of natural gas as well as gasoline prices, and this is meant to sustain the high consumption in the domestic field. When the domestic demand increases, chances are high that the exports will also go up.
The production and domestic consumption of electricity in Iran has grown steadily since 1984 and is highly dependent on the traditional sources of thermal energy, with a tiny percentage being produced in the hydroelectric plants. Consequently, the Iranian government should focus all its efforts on meeting this growing demand. Iran has succeeded in acquiring the needed technical expertise to create hydroelectric and gas power plants. This country is not just self-sufficient in constructing power plants in the nation but has also taken up other similar contracts in neighboring states.
The exploration efforts of new power resources in Iran are both extensive and diverse. The electricity sector is highly subsidized with most of the power generation, transmission or distribution handled by the government-owned companies. To ascertain that all the growing requirements of the different consumers are met, Iran is beginning to embrace the private investors and companies. there are so many people who have an issue with the procedures involved in producing electricity since they deem them harmful to the environment; these processes are much improved as compared to the past years. Electricity demand has grown because of the current trends and intensified industrialization. Owed to the increased demand of energy, Iran has indulged in generating nuclear energy. Iran is working hand in hand with its Ministry of Energy to ensure the world does not run out energy by embracing renewable sources of energy. Hydropower plays a crucial role in sorting the energy needs in Iran and generating income since the country can construct its water turbines locally. Other sources of energy in Iran include biofuel, wind, solar, and geothermal energy.