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Energy as a Source of Iran’s Funding

Iran is among the leading producers and biggest exporters of oil in the world. There is so much fuel in Iran that produces energy. Since the year 1913, Iran has been the main oil exporting country. Cheap energy has led to wasteful consumption in Iran and brisk petrol smuggling business in the neighboring countries. The demand for fuel has gone up because there are so many cars being produced on a daily basis in the world.

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. Thus, it is vital for Iran to do everything within their power to ensure that there is enough energy in the world to meet the growing demand. Iran has succeeded in acquiring the needed technical expertise to create hydroelectric and gas power plants. Iran is not only focused on amassing all the power within its state but has also crossed borders and taken up varied projects in the bordering countries.

The efforts of exploration for power generation sources in Iran are diverse and wide. The electricity sector is highly subsidized with most of the power generation, transmission or distribution handled by the government-owned companies. To ensure that the growing needs of the consumers are met, Iran is partnering with other privately owned enterprises. 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.

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