Iran’s electricity production is growing about eight percent a year. It has struggled to keep up with demand and has used that problem to justify its nuclear program. It does have a large amount of oil and natural gas, but would rather sell it to other countries. So, a pipeline would make sense for such exports. My idea that the pipeline would bring oil and natural gas into Iran was mistaken.
Iran says it wants to make use of nuclear technology for electricity. The Iranian government argues that seven gigawatts of nuclear power generation would free up 190 million barrels per year of oil, equivalent to 13 percent of the country’s current production, or $7 billion annually (depending on what the market price is). However, if Iran would put more investment in its fossil fuel resources, it would meet its energy needs as well as its export supply in a way that is more economical than a reliance on nuclear energy. Also, Iran does not calculate the fact of its limited Uranium capacity. It will soon run out of Uranium and will need to import enough to meet its needs.
I now see the pipeline running through Iraq and into Syria as a strategic component to Iran’s future energy market.
Ran across this this morning, thought you’d be interested:
EXCLUSIVE! Benghazi GUN-RUNNING & The Russia, China, Iran, Syria PIPELINE
by Chip Jones on November 16, 2012
http://cleowaller.blogspot.com/2013/03/exclusive-benghazi-gun-running-russia.html