Israel And Iran, Iran Nuclear, Iran War

Energy In Iran

Iran is a country with a rather controversial status in terms of the conflicts that is surrounded by. There are many things that individuals should know about this country however and most of these are not presented in newspapers next to the diplomatic issues and foreign affairs problems that are often discussed. Here one can read more about the economy of Iran and in particular a specific sector of it, energy. Read on and find out everything there is to know about Iran energy. Iran's economy is highly dependent on Iran energy. The country is ranked second in the world in what concerns natural gas reserves and third when it comes to oil reserves. It is therefore clear that energy in Iran and the Iran energy is a big deal for both the Iran economy and the world economy. Iran is at the same time OPEC's second largest oil exporter and there are many voices saying that the country has genuine potential to become an energy superpower. However, there are issues in the sector. For instance, in 2005, the Iranian government spent about $4 billion on fuel imports as a result of inefficient domestic use of Iran energy and also because of contraband. Furthermore, the industry infrastructure used to be increasingly inefficient because of technological lags in the early 2000s but things start changing.

New hydroelectric stations and streamlining of conventional coal increased the installed capacity as of 2004. In the same year, the government opened the first wind-powered and geothermal plants. Five years later, Iran installed a solar energy plant. Electric power demand in Iran has however increased by 8% every year as a result of demographic trends and intensified industrialization which has brought about a goal of 53,000 megawatts capacity by 2010, which is almost double since 2004.