Iranian Economy.....news and discussions

[SalarHaqq]

The issue is urgent...I understand the government is between the rock and hard place..if they increase price of petrol the inflation goes up and if they keep it at the current 5 cents/liter the consumption and smuggling will skyrocket..So what is the short term solution that does not cost $ 5 billion in imports:

Two price solution and GAS cards (done in ahmadi nejad time):

• XXX liters at 5 cents/liter per car/day or week !
• market price 60+ cents for any amount more

worked well during ahmadinejad but this takes lots of management however the cost of it will be far cheaper than $ 5 billion import of foreign gas and the money stays in the country.

And build 3-4 additional refineries the size of Persian Gulf Star.

 

[aryobarzan]

And build 3-4 additional refineries the size of Persian Gulf Star.

I hesitate to say that Iran should build more refineries..because look at the price of petroleum in energy starved Turkey or Pakistan two neighboring countries:

• Price of Petroleum in Turkey ($1.40 dollars)
• Price of Petroleum in Pakistan ($0.95 dollars)
• Price of Petroleum in Iran ($0.05 dollars)

Smuggling the 5 cents Petroleum from Iran to any of these two countries has 2000% to 3000% profit. More than drug trade from south America to the US which is around 500%.

For Iran In the short term control the runaway consumption..in the long term bring the price up close to market which is 60 cents per liter if you want to buy it in International petroleum trade.

 

[Indos]

The issue is urgent...I understand the government is between the rock and hard place..if they increase price of petrol the inflation goes up and if they keep it at the current 5 cents/liter the consumption and smuggling will skyrocket..So what is the short term solution that does not cost $ 5 billion in imports:

Two price solution and GAS cards (done in ahmadi nejad time):

• XXX liters at 5 cents/liter per car/day or week !
• market price 60+ cents for any amount more

worked well during ahmadinejad but this takes lots of management however the cost of it will be far cheaper than $ 5 billion import of foreign gas and the money stays in the country.

Retain the subsidized price for public transportation and logistic sectors

While private cars should get market price

 

[aryobarzan]

Retain the subsidized price for public transportation and logistic sectors

While private cars should get market price

if done in short time span will create big blip on inflation and will bring people on streets and we know who will try to fan the flames of that one..lol

 

[Cancerous Tumor]

According to Shakouri, Iranian shrimp farmers have managed to produce 61,000 tons of shrimp in the current Iranian calendar year (ends on March 20), which is five percent more than the figure for the previous year.

Iran nearly self-sufficient in shrimp farming​

Biggest foreign costumer of our shrimps is China.

 

[Cancerous Tumor]

Top 100 companies in Iran based on their sales(2021) :

1. Persian Gulf Petrochemical Industries
2. Persian Gulf Star Oil
3. Bandar Abbas Oil Refinery
4. Sepahan Industrial Group
5. Ghadir Investment Company
6. Mellat Bank
7. Parsian Oil and Gas Development Group
8. Iran Khodro
9. Refah Bank
10.Pars Aryan Investment Company

(I hope names are correct )

Something is clear again from top 10 Iran is not selling raw material like before (it could be both good and bad news at the same time )

پرش نفتی‌ها در 100 شرکت برتر

هرسال با آغاز بهمن‌ماه فهرست شرکت‌های برتر ایران به‌روزرسانی می‌شود؛ اما امسال این سنت با تغییراتی همراه بود که مهم‌ترین مورد به جهش شرکت‌های مرتبط با حوزه نفت، گاز و پتروشیمی در رده‌بندیIMI100 مربوط می‌شود. بررسی گزارش شرکت‌های برتر1401 ایران ضمن تایید رشد سهم شرکت‌های نفتی از کل فروش سال، از...

donya-e-eqtesad.com

بالاترین ارزش بازار​

از لحاظ بالاترین ارزش بازار نیز شرکت صنایع پتروشیمی خلیج‌فارس (هلدینگ) با بیش از ۵۵۵هزار میلیارد تومان، شرکت فولادمبارکه اصفهان (هلدینگ) با بیش از ۳۲۲هزار میلیارد تومان و شرکت ملی صنایع مس ایران (هلدینگ) با بیش از ۲۹۶هزار میلیارد تومان در رتبه‌های اول تا سوم شرکت‌های ایرانی با بیشترین ارزش بازار ایستاده‌اند
​

Top 3 of the most valuable companies could be valued at $5-20 depend on exchange rate in your calculation.

I challenge you to find a company like Sepahan Industrial Group($6-12 billion market value) with it's Industrial output.

 

[Cancerous Tumor]

Iran reaches gas after 7 months of drilling in Belal gas field in Persian Gulf ​

An Iranian oil and gas company commissioned for development of the Belal gas field in the Persian Gulf says it has finally reached gas from its exploration well in the field which is located on the maritime border between Iran and Qatar.


CEO of Pars Oil and Gas Company (POGC) Mohammad Hossein Motajalli said on Monday that gas from a first layered reservoir of Belal had reached the surface during a drilling operation a day earlier.

Rial-Ruble share exceeds 60% in Iran-Russia trade​

As reported by Russia Today, making the remarks in a government meeting on Monday, Volodin said, “It is important to use settlements in national currencies more actively. Much has already been done in this regard – now the share of the ruble and the rial in mutual settlements exceeds 60 percent. The work on the joint application of national payment systems is being completed. This will minimize the impact of sanctions, but also, of course, address issues related to mutually beneficial cooperation,”

‘Khuzestan can be a hub of flowers, ornamental plants production in Iran’​

As reported, Iraq, the Persian Gulf littoral states, Afghanistan, Uzbekistan, Russia, Malaysia, Vietnam and Azerbaijan are among the major importers of flowers and ornamental plants from Iran.

In the past, Mahalat city, in central Markazi province, was considered the hub of the flower production in Iran, but now other important cities have been added to Mahalat.

Tehran province is one of the largest cities with 3,200 production units in the cultivation of cut flowers and seasonal flowering plants, Mazandaran province with the cultivation of apartment plants and plants for green spaces, Mahalat city in the cultivation of flowering plants and cut flowers, and the provinces of Isfahan, Kerman, Khorasan and East Azarbaijan are ranked next.

Iran has the 17th place in the world in the production of flowers and ornamental plants, but it is ranked 107th in terms of export.

..............................................................................................................
Since we are getting closer to spring season

What flowers bloom in spring in Khuzestan?

Or few other samples

 

[aryobarzan]

This will be of interest to both @jauk and @Hack-Hook ..no more "ditch digging"...lol

Iran’s iron ore exports at almost zero amid rising domestic use​

Thursday, 26 January 2023 6:30 PM [ Last Update: Thursday, 26 January 2023 6:30 PM ]

Iran has drastically cut its iron ore exports over the past decade amid a surge in domestic demand.
Iran has cut its iron ore exports to almost zero in nearly a decade amid a major expansion in domestic steel manufacturing that has led to an increase in demand for ore.
Head of the Iron Ore Association of Iran (IROPEX) Mehrdad Akbarian said on Thursday that iron ore exports had dropped to almost zero from more than 20 million metric tons (mt) recorded in 2013.
Akbarian said the major drop in iron ore exports from Iran has come despite the fact that the country had more than doubled its production to 100 million mt in 2022.
“One reason for this could be that we have made a good progress in the steel sector over these years and mining industries including concentrate and pellet producers have significantly expanded their capacities,” Akbarian was quoted as saying by the IRIB News.
He said the entire supply of magnetic iron ore produced inside Iran is currently delivered to domestic customers unlike a decade ago when a bulk of the output used to be exported.
Iran has seen a major expansion in its mining and metals sector since 2018 when the country introduced economic diversification policies to offset the impacts of American sanctions on its oil exports.
Industry sources said last month that Iran had moved up three places in the global ranking of top steel producers to seventh position in November with a total output of 2.9 million mt.
The same sources said that Iran’s steel output had increased by 8.5% year on year in November despite a 3.7% average decline reported in the global steel production.

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[Iraqi soldier]

This will be of interest to both @jauk and @Hack-Hook ..no more "ditch digging"...lol

Iran’s iron ore exports at almost zero amid rising domestic use​

Thursday, 26 January 2023 6:30 PM [ Last Update: Thursday, 26 January 2023 6:30 PM ]

Iran has drastically cut its iron ore exports over the past decade amid a surge in domestic demand.
Iran has cut its iron ore exports to almost zero in nearly a decade amid a major expansion in domestic steel manufacturing that has led to an increase in demand for ore.
Head of the Iron Ore Association of Iran (IROPEX) Mehrdad Akbarian said on Thursday that iron ore exports had dropped to almost zero from more than 20 million metric tons (mt) recorded in 2013.
Akbarian said the major drop in iron ore exports from Iran has come despite the fact that the country had more than doubled its production to 100 million mt in 2022.
“One reason for this could be that we have made a good progress in the steel sector over these years and mining industries including concentrate and pellet producers have significantly expanded their capacities,” Akbarian was quoted as saying by the IRIB News.
He said the entire supply of magnetic iron ore produced inside Iran is currently delivered to domestic customers unlike a decade ago when a bulk of the output used to be exported.
Iran has seen a major expansion in its mining and metals sector since 2018 when the country introduced economic diversification policies to offset the impacts of American sanctions on its oil exports.
Industry sources said last month that Iran had moved up three places in the global ranking of top steel producers to seventh position in November with a total output of 2.9 million mt.
The same sources said that Iran’s steel output had increased by 8.5% year on year in November despite a 3.7% average decline reported in the global steel production.

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Did Danieli Company finish implementing its obligations under its contract with Iran in 2016?

 

[Sineva]

Did Danieli Company finish implementing its obligations under its contract with Iran in 2016?

You`re kidding,right?
The europeans were always worthless,they`re literally willing to cut their own throats on us orders.
https://www.reuters.com/article/us-danieli-iran-sanctions-idUSKCN1II1NL

 

[Iraqi soldier]

There are two years... before they stop working and leave Iran
This is enough to equip factories and transfer equipment to them

You`re kidding,right?
The europeans were always worthless,they`re literally willing to cut their own throats on us orders.
https://www.reuters.com/article/us-danieli-iran-sanctions-idUSKCN1II1NL

I know but it's business

 

[Sineva]

There are two years... before they stop working and leave Iran
This is enough to equip factories and transfer equipment to them

I know but it's business

No,its politics,and the us policies look to be increasingly expensive for the eurovassals,and indeed for ALL of its vassals,and I certainly dont see the us compensating them economically for their not inconsiderable economic losses due to its policies,quite the opposite in fact.

 

[aryobarzan]

Direct Foreign Investments in Iran for the past 15 months (with full sanction in place):

Total actual $$ invested already..$5.95 billion dollars:

Russia: $2.7 billion dollars
China: $ 0.185
Others: $ 3.0 billion dollars

It appears Russia actually delivers and China just talks!...the $5.95 billion is still much higher than when they removed sanctions for JCPOA..
full report:

Russia becomes largest foreign investor in Iran

Russia becomes largest foreign investor in Iran with $2.7 billion worth of investment.

www.presstv.ir

 

[Raghfarm007]

https://twitter.com/x/status/1619701795965792258

 

[aryobarzan]

Iranian SEPAM and Russian SPFS now joined​

Russia, Iran substitute to SWIFT links over 800 banks​

Monday, 30 January 2023 11:32 AM [ Last Update: Monday, 30 January 2023 11:38 AM ]

Deputy head of the Bank of Russia ladislav Gridchin (R) and deputy governor of the Central Bank of Iran Mohsen Karimi pose for reporters after signing a deal to connect their national interbank communication and transfer systems in Tehran, Jan. 29, 2023.
As many as 700 Russian banks and 106 non-Russian banks from 13 countries can exchange financial messages with Iranian banks, the deputy governor of the Central Bank of Iran (CBI) says.
The central banks of Iran and Russia on Sunday signed a deal to connect their national interbank communication and transfer systems to help boost trade and ease two-way bank transactions.
“Under the deal, the national banking messaging systems of the two countries were connected, making it possible for all member banks of the national banking messaging system of Iran to exchange banking messages with all banks in Russia,” Mohsen Karimi told Fars news agency.
The system allows financial institutions in the two countries to open letters of credit or process money orders and bank guarantees. This means they do not need the SWIFT international messaging system for payments, Karimi said.
“By connecting the national messaging systems of Iranian and Russian banks, about 700 Russian banks can exchange financial messages with Iranian banks. Apart from these Russian banks, 106 non-Russian banks from 13 other countries can connect with this messaging system and have financial exchanges with Iranian banks.”
To begin with, a bank from Iran and another from Russia were chosen to exchange the first message, Karimi said, adding a technical delegation of the central bank of Russia will travel to Iran in the comings days to provide the groundwork for communication and dispatch of messages among all banks of the two countries.
According to the CBI website, 52 branches of Iranian banks and four unnamed foreign banks will use Iran's local interbank telecom system or SEPAM to connect with 106 banks using Russia's system for transfer of financial messages or SPFS.
On Saturday, a senior Iranian trade official said Russia has overtaken China as the biggest investor in Iran.
Ali Fekri, head of the state-run Organization for Investment and Economic and Technical Assistance of Iran, said Russia had spent some $2.7 billion on two oil projects in the western province of Ilam since President Ebrahim Raeisi’s government came to office in August 2021.
The United Arab Emirates, Afghanistan, Turkey and China were the next biggest investors, added.
Iran and Russia have strengthened ties significantly since last year. There have been several high-ranking visits and a raft of agreements to expand trade cooperation between the two countries.
Iran and Russia are both heavily sanctioned by the US and Europeans and have been working together to find ways to bypass the coercive measures.
Fekri said Russia has invested by either sending physical cash to Iran or by using foreign currency traders.