How much oil does Iran have in storage?

Iran has as much as 80 million barrels of oil in storage, he said, some of it on tankers near Asian markets, ready to sell at short notice. Tehran could then ramp up domestic production by 1.2 million barrels a day within eight months, bringing substantial new supplies to the market.

What is Iran's energy supply?

In 2020, the Total Energy Supply (TES) in Iran was predominantly derived from natural gas (69%) and oil (29%), with nuclear power and renewable sources contributing only 1% each. Despite the heavy reliance on fossil fuels, Iran possesses significant potential for renewable energy.

What is Iran's energy infrastructure like?

The country's energy infrastructure is outdated and in disrepair, with many refineries and power plants operating below capacity. Iran's energy supply is unreliable, with frequent blackouts and shortages affecting daily life, industries, and essential services.

Is Iran's industrial sector gutted by a crippling energy crisis?

"Iran's Industrial Sector Gutted by Regime's Crippling Energy Crisis". NCRI. Retrieved 2025-06-17. ^ "Iran Reduces Power to Major Industries Due to Electricity Shortage". iranwire.com. Retrieved 2025-06-17.

Why is Iran's energy supply unreliable?

Iran's energy supply is unreliable, with frequent blackouts and shortages affecting daily life, industries, and essential services. The IRGC's control over key industries, including power generation and distribution, has hindered efficient management and strategic planning.

How has privatization affected Iran's energy sector?

The privatization of key power plants in recent years has also contributed to the deterioration of Iran’s energy sector. Faced with budget constraints, the government transferred many power plants to private, often politically connected, investors.