কাওসারে আপনাকে স্বাগতম Category » Economics & Business

Iran’s Non-Oil Exports Stand at $50bln despite Sanctions

non-oil exportTEHRAN (FNA)- A senior Iranian trade official said the country has exported $50bln of non-oil products to different world states in the past Iranian year (ended on March 20) despite the sanctions and restrictions imposed by the West against Tehran.

The total value of the country’s non-oil export of goods and services in the previous Iranian year (that just ended on March 20) stood at $50 billion, Hamid Safdel, Iranian Deputy Minister of Industry, Mines and Trade, who is also Head of Iran’s Trade Promotion Organization (TPO), said.
Safdel further added that imports into Iran for the first 11 months of the past year reached $48 billion, which is expected to climb to $55 billion for the entire year.
According to Safdel, the value of Iran’s non-oil export of goods –excluding services– for the first 11 months of the year 1391 was 71 million tons, valued at $38 billion, and predicted that the amount for the entire year will reach $43 billion.
Also in February, Head of the Exports Commission of the Iranian Chamber of Commerce, Industries, Mines and Agriculture Asadollah Asgaroladi said that his commission plans to equalize the volume of the country’s non-oil exports and imports in the next Iranian year (started March 21).

“If we are due to import goods worth about $60bln to $65bln, the country should have the same amount of exports,” Asgaroladi said.

source: Fars News Agency, 27 March, 2013


Iran, Pakistan to inaugurate IP gas pipeline on Monday

gas pipelineThe Iran-Pakistan gas pipeline, projected to cost USD1.2-1.5 billion, would enable the export of 21.5 million cubic meters of Iranian natural gas to Pakistan on a daily basis.

Iranian President Mahmoud Ahmadinejad and his Pakistani counterpart Asif Ali Zardari are set to officially inaugurate the Iran-Pakistan (IP) gas pipeline project, despite pressures from the United States to stop the plan.

The multi-billion-dollar project will be inaugurated in a Monday ceremony on the Iran-Pakistan border.
Ahmadinejad will participate at the ceremony along with a number of his cabinet ministers and, from the Pakistani side, Zardari will be accompanied by a number of cabinet ministers, including the country’s foreign and oil ministers as well as an Pakistan’s National Assembly Speaker Fehmida Mirza.
The ceremony will also be attended by officials from some other countries.
The 1,600-kilometer pipeline, projected to cost USD1.2-1.5 billion, would enable the export of 21.5 million cubic meters of Iranian natural gas to Pakistan on a daily basis.
Iran has already constructed more than 900 kilometers of the pipeline on its soil.
Tehran-based Tadbir Energy Development Group will reportedly undertake all engineering procurement and construction work for the first segment of the project, which starts from the Iran-Pakistan border and costs around USD250 million.
The Iranian firm will also carry out the second segment of the project, and extend the financing later to USD500 million.
The remaining amount is expected to be generated through Pakistan’s Gas Infrastructure Development Cess.

Source: press tv. march 10, 2013

Iran offshore oil production to see 40% raise by 2020

Iran oilIran is planning to raise crude oil production from its offshore fields in the Persian Gulf by 40 percent by 2020, a senior oil manager says.

Mahmoud Zirakchian-Zadeh, managing director of the Iranian Offshore Oil Company (IOOC), said on Wednesday that USD29 billion worth of agreements have been signed in the past couple of years for the development of 17 offshore hydrocarbon fields Iran shares with its neighbors in the Persian Gulf.

The official further noted that the Iranian oil company plans to produce 10 billion cubic feet per day of natural gas, increase oil recovery from its oil fields, and finalize oil field development during the fifth and sixth five-year economic development plans (March 2011-2020).

Iran’s total in-place oil reserves have been estimated to be more than 560 billion barrels, with about 140 billion barrels of recoverable oil.

Moreover, heavy and extra-heavy varieties of crude oil account for roughly 70-100 billion barrels of the total reserves.

source: press tv, march 7, 2013