Iran is among the leading producers and biggest exporters of oil in the world. Iran has abundant fuel that generates energy. As from 1913, Iran has been the primary country for oil exports. 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. Because of the increased production of vehicles; the demand for petrol has gone up significantly.
Iran comes third regarding producing natural gas globally, which is essential for the production of heat and generation of domestic electricity. This nation is bound to increase the production levels of its energy since new resources are being found every waking morning. The government of Iran has subsidized the prices of natural gas as well as the prices of gasoline in a bid to sustain the growing domestic consumption levels. Due to this increased demand both domestically and international of natural gas, production must also increase.
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 accomplished to gain the technical expertise required to set up gas, hydroelectric and combined cycle power plants. This nation has not just taken up projects within the country, but also other energy-related ventures in the neighboring countries.
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. To meet all the increased energy needs of clients, Iran has also embraced production of nuclear energy. The Ministry of Energy in Iran is also focused on producing renewable energy a commercially viable energy option. Hydropower is crucial in Iran since it provides the needed energy and also generates income for the state since the water turbines are constructed locally. Other common energy sources in Iran include geothermal energy, biofuel, solar and wind energy.