Iranian Economy.....news and discussions

[Cancerous Tumor]

I could not find 2021/2022 data of agriculture in fao website.

 

[Cancerous Tumor]

Government data

Mr Hemmati (Former central bank boss)issue with current economic data of government.As you see in below pic he believes either data about exporting 2.3 million bpd oil and return of it's foreign currencies is incorrect or data about decreasing inflation and 35% Rial creation is incorrect.

 

[Cancerous Tumor]

Since we are looking at ideas of central bankers let's take a look at part of Mr Ben Bernanke's responses to question of "If you could do it differently(about 2008 financial crisis ), what would you change ?"

Mr Ben Bernanke(former chairman of the federal reserve and current Nobel prize winner ) :
You know, going back, obviously we saw .. people say how could you not see the housing bubble ?well we saw the house prices were very high relative to rents we understood that part.I think our hope was that, that would correct in a more gradual way over time. and ..... (5:20 - 5:40)

 

[BlessedKingOfLonging]

Since we are looking at ideas of central bankers let's take a look at part of Mr Ben Bernanke's responses to question of "If you could do it differently(about 2008 financial crisis ), what would you change ?"

Mr Ben Bernanke(former chairman of the federal reserve and current Nobel prize winner ) :
You know, going back, obviously we saw .. people say how could you not see the housing bubble ?well we saw the house prices were very high relative to rents we understood that part.I think our hope was that, that would correct in a more gradual way over time. and ..... (5:20 - 5:40)

An Iranian friend in Germany told me the 2008 financial crisis wasn't really solved - they just printed more money and staved off a collapse but inflation soared and everything because more expensive overnight. Now that there's no more cheap russian gas, things have gotten worse x10.

 

[aryobarzan]

Great move by Iranian Economics planners

Iran to spend $35 billion in 5 years on Petrochemical developments.
​

• Iran's next 5 year National Development Plan (2022-2026), will see $35 billion of investment is in the country’s petrochemical industry.
• For every one dollar of investment in this industry, eight dollars of profit has been made
• Petrochemical exports already constitute nearly 33 percent of the country’s non-oil exports.
• Domestic equipment, licenses, and technological knowledge have been used in most of the projects in this industry.

7th national development plan sees $35b of investment in petchem sector

TEHRAN - Iranian vice president for technological and scientific affairs has said that based on the country’s seventh five-year National Development Plan (2022-2026), $35 billion of investment is going to be made in the country’s petrochemical industry.

www.tehrantimes.com

 

[BlessedKingOfLonging]

Great move by Iranian Economics planners

Iran to spend $35 billion in 5 years on Petrochemical developments.
​

• Iran's next 5 year National Development Plan (2022-2026), will see $35 billion of investment is in the country’s petrochemical industry.
• For every one dollar of investment in this industry, eight dollars of profit has been made
• Petrochemical exports already constitute nearly 33 percent of the country’s non-oil exports.
• Domestic equipment, licenses, and technological knowledge have been used in most of the projects in this industry.

7th national development plan sees $35b of investment in petchem sector

TEHRAN - Iranian vice president for technological and scientific affairs has said that based on the country’s seventh five-year National Development Plan (2022-2026), $35 billion of investment is going to be made in the country’s petrochemical industry.

www.tehrantimes.com

Increase in production facilities to supply more for international market?

 

[aryobarzan]

Increase in production facilities to supply more for international market?

• For every one dollar of investment in this industry, eight dollars of profit has been made

This is actual data obtained from existing Petrochemical plants..an 800% return for an investor..no other business (with exception of Narco business!!) can generate such a huge payback...

 

[BlessedKingOfLonging]

• For every one dollar of investment in this industry, eight dollars of profit has been made

This is actual data obtained from existing Petrochemical plants..an 800% return for an investor..no other business (with exception of Narco business!!) can generate such a huge payback...

Oof. Sounds awesome. So we can expect a $280 billion return from investing eight times less?!

 

[aryobarzan]

Oof. Sounds awesome. So we can expect a $280 billion return from investing eight times less?!

if you spend that $35 billion in 5 years time span you will be looking at profits of more that $ 400 billion made. If I were in Iran I will definitely put my money on these PetroChem plants.....Remember the feed for petrochemical plants is "Natural Gas" and that feed is given to the plants at discounted prices because Iran sits on top of World largest Gas deposits in the world.

 

[Cancerous Tumor]

https://www.rt.com/business/568522-russia-iran-banking-transactions/

Russia’s second largest bank, VTB, has launched a new service allowing both individuals and businesses to transfer money to and from Iran, the lender announced on Monday.

 

[IranDefence]

Russia wants to cooperate with Iran on gas turbines​

MOSCOW, Dec 20 (Reuters) - Russian companies are interested in cooperating with Iran on gas turbine technology and joint production, Russian Energy Minister Nikolai Shulginov said in a statement on Tuesday.

Russia has been trying to start producing its own gas turbines of medium or large capacity for years, but is yet to fine tune the process. The need to have its own production has become more acute since the start of what Moscow calls its special military operation in Ukraine in February.

Siemens Energy and some other foreign companies, whose turbines were used to built modern gas power plants in Russia, are withdrawing from the Russian market or have suspended operations, making it difficult for Moscow to service these plants.

"There is large potential for cooperation in this," Shulginov told a meeting with his Iranian counterpart, Ali Akbar Mehrabian.

Moscow has been pushing for closer ties with Tehran amid Western sanctions and pressure over Russia's operation in Ukraine. Iran wants deeper cooperation with Russia in the energy, transportation and agriculture sectors.

 

[aryobarzan]

Iranian oil sales approaching $60 billion dollars for the current year under full sanctions
watch the video..interesting numbers.

https://www.tehrantimes.com/news/479733/Iran-gets-34b-of-oil-revenue-in-7-months

 

[jauk]

https://twitter.com/x/status/1605623846408753152

Russia and Iran Are Building a Trade Route That Defies Sanctions

The US and its allies are alarmed by the growing Iranian-Russian connection, which includes transfers of military supplies next to trade of agricultural and energy commodities.

www.bloomberg.com

 

[aryobarzan]

Note: Iran domestic consumption is around 2 million barrels per day. So that leaves 1.6 million barrels per day for export.

 

[Sineva]

https://twitter.com/x/status/1605884026237206535