46 Middle East Economic Survey, “Iran Plans Major Gas Storage Expansion To Face Winter Shortages,” December 8, 2023.
23 Facts Global Energy, Iran Alert, “Isfahan refinery capacity to expand by 45 kb/d in 2024,” November 16, 2023. 24 Facts Global Energy, Iran's Oil and Gas Annual Report 2023, (December 2023), page 60.
In March 2024, Iran's national oil company (NIOC) awarded more contracts to local energy companies to increase oil production capacity at six oil fields along the border with Iraq, including one of Iran's largest fields, Azadegan.14
Natural gas is the largest source of fuel for electricity generation in Iran, accounting for 85% of total generation, up from 72% in 2014, after several phases of the South Pars field came online.
Without robust storage infrastructure, that target''s about as reliable as a sandcastle at high tide. But get this right, and Iran could potentially export clean energy to neighbors while stabilizing its own grid – a
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