Based on the latest data released by International Fertilizer Association (IFA), Iran has exported $1.8 billion worth of chemical fertilizers in the 2021-2022 crop year to become the world’s 11th biggest chemical fertilizer exporter, IRIB reported.
The head of the National Iranian Drilling Company (NIDC) has declared the company’s infrastructure improvement in line with the programs of the Oil Ministry as the most important achievement of NIDC in the current Iranian calendar year (ends on March 20), Shana reported.
Being the first oil refinery in the Middle East set up more than 110 years ago, Abadan oil refinery is considered one of Iran’s refining hubs, but due to the dilapidation of some of its units, its renovation and updating using modern technology is inevitable. For this purpose, replacement and renovation of the refinery was carried out in two stages, the first stage with the construction of a new refining complex of 150,000 b/d as phase 1 in 2005 and the second stage with the construction of a new refining complex with a capacity of 210,000 b/d under the title of Abadan Refinery Capacity Development and Stabilization Plan as Phase 2 started in July 2017 and the first part of it was put into operation in December. Therefore, the final capacity of the refinery was stabilized at 360,000 b/d.
With the beginning of 2023, the developments of the oil market in 2022 and the perspective of the New Year have been reviewed. The idea is to examine the factors affecting the market. It must be acknowledged that 2022 experienced ups and downs in the oil market and profound changes have taken place in this market. These developments have caused the 2023 Outlook to have many uncertainties, and as a result, many reputable institutions have doubts in their forecasts, and most institutions are waiting for market stability.
The CEO of the Pars Special Economic Energy Zone (PSEEZ) stated that more than one-third of the country's hard currency income is provided by the Zone, and said: “More than $11 billion was exported from this region in the first 10 months of the current Iranian calendar year which began on March 21, which has increased by about 50% compared to the same period last year.
The exhibition of knowledge-based equipment and oil industry items built domestically for the first time was inaugurated in the presence of the chairman of the board of directors of the Oil Industry Pension Funds.
The economic spokesman of the administration said since December 22, a total of $6.2 billion of hard currency has been offered in the NIMA system, of which $1.2 billion is from the sale of crude oil and $1.7 billion from petrochemical sales.
The head of the economic group of the Supreme Leader's Office stated that Iran has the ability to reach the crude oil daily production capacity of 7.4 million barrels, saying: “We are an oil country, we cannot lag behind the countries that are planning to increase their production capacity.”
A senior energy expert says following the Ukraine war, Iran has the chance to use Russia’s excess gas export capacity to become a regional hub for the item.
An expert in energy economics considered the oil industry to be the most attractive area of investment in Iran, and said: “We hope that the agreement with Russia will reach the stage of signing favorable contracts for the country, but we should look for other interested investors to be present in Iran with active energy diplomacy.”
Di Aria Polymer (Khomein Petrochemical Plant) was officially inaugurated in the presence of Deputy Minister of Petroleum and the CEO of National Petrochemical Company.
Production of alumina power in Iran rose 11 percent in the first three months of the current Iranian calendar year (March 21-June 21), as compared to the same period of time in the past year, according to the data released by Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).
The value of Iran’s non-oil exports reached $17.24 billion in the first four months of the current Iranian calendar year (March 21-July 22), up 22 percent compared to the last year’s same period, according to the data released by the Islamic Republic of Iran Customs Administration (IRICA).
Iranian Oil Minister Javad Oji lauded the Islamic Revolution Guards Corps (IRGC) naval forces for saving an Iran-owned oil cargo stolen by the US in the Sea of Oman.