Iran's Economy News

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Iranian gas still best option for Pakistan: PBIF




ISLAMABAD: Pakistan Businessmen and Intellectuals Forum (PBIF) President and former provincial minister Mian Zahid Hussain said that breakthrough in nuclear talks between Iran and the western powers, expected within days, would have a positive impact on global peace, regional trade and the local energy sectors.


Speaking to the business community on Saturday, Hussain said that revoking sanctions on Iran after the final deal would help energy starved Pakistan to boost its economy by importing natural gas through 700 km pipeline.


He claimed that the Iranian gas is still the best and cheapest option for Pakistan to revive the limping economy.


“The USA didn’t allow Pakistan to import gas from Iran for long and refused a civilian nuclear deal which hit Pakistan’s economy and US ratings,” the PBIF President noted.


He said that importing gas from Turkmenistan is difficult and plans to import gas from Qatar through pipeline is yet to see light of the day, therefore, Pakistan should renew efforts to bring the Iranian gas.


The PBIF president said Iran could also help Pakistan by providing cheap Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG), which would save a lot of foreign exchange.


“After lifting sanctions on Iran, India and China would be also willing to get gas from Iran which would help Pakistan earn handsome transit amount. Iran has 80 million population, consumer base equal to Turkey, mineral resources equal to Australia, 9% oil of the world’s and 18% natural gas, therefore, it cannot be ignored,” he added.


Hussain said that initial agreement between Iran and the western nations reduced oil prices by 4% in the oversupplied oil market while final agreement would allow Iran, the country with fourth largest oil reserves, to revive its paralysed economy.

 

[Aramagedon]

(Minews) - Iran ranked first in cement exports worldwide by sending more than 19 million tons of cement overseas last year, says Morteza Lotfi, the vice president of Cement Industry Employers Association.

Speaking on the sidelines of the Second International Cement Industrial Exhibition: Market, Export, Equipment, and Environment, the official went on to say that Iran had a 7-percent share in the 4.1 billion tons of cement produced worldwide in 2014 while China accounted for 50% of the total.

Lotfi noted that domestic cement production currently stands at 80 million tons per annum and stressed the importance of the private sector's involvement in the economy.

"The association is still powerless to manage its own affairs including pricing its products, while President Hassan Rouhani has repeatedly called on the government to relinquish some authority to the private sector," ISNA quoted him as saying.

Jalal Saffarzadeh, a veteran player in the cement industry, who was also present at the exhibition, said 85% of equipment in cement industry, including steel gears and rails, are now manufactured by local producers.

"Cement production has soared to 230,000 tons a day from 100 tons in 1993s," he said.

Nearly 250 million tons of cement were traded across the world in 2014. Pakistan and Turkmenistan, among other CIS countries, are the main target export markets for the Iranian cement, besides Afghanistan and Iraq, although cement export to Iraq has somewhat ebbed away due to insecurity and political situation in the Arab country.

Pointing out that a number of cement industries in the country have obtained 'Green Industry Certificates', Lotfi commended the industry's compliance with environment regulations and said all of the manufacturing units in the country are monitored by environment office, and have pollution rates lower than the global benchmarks.

Last month, secretary of the Cement Industry Employers Association, Abdolreza Sheykhan announced that cement would soon be offered at Iran Mercantile Exchange's export trading floor.

Cement manufacturers believe offering products on IME's export trading floor will help increase prices since there is no price restriction unlike in the domestic market. The absence or presence of cement on the export trading floor has long caused challenges for manufacturers. Although the domestic trading floors have, on numerous occasions, expressed readiness to admit cement, the cement industry seems to be unwilling to do so, preferring to remain on the export trading floor.

The cement industry suffered from recession in the construction sector over the past Iranian year. The manufacturers' attempts to remain active on the export trading floor comes as domestic producers can be blamed for decrease in prices, as many smaller producers who were not strong enough to enter big markets reduced their prices to be able to compete in the domestic market.
Experts believe when supply exceeds demand, it is the best time to be listed in the equity market so that equilibrium will be restored in the cement market. This way, cement prices will no longer be set imperatively.

13 June 2015

Minews - Iran world’s top cement exporter in 2014

 

[Aramagedon]

Tehran, June 21, IRNA – Iranian companies are planning to export gas-generated electricity to five neighboring countries.

Managing director at the National Iranian Gas Export Company (NIGEC) Alireza Kameli, said on Sunday that Turkey, Afghanistan, Pakistan, Iraq and the United Arab Emirates are five countries that are set to receive electricity produced in Iran by gas-fueled power plants.

According to Kameli, the first contract for the export of gas-generated electricity was signed between the NIGEC and an Iranian private company in January, adding the initial deal for converting gas to electricity has recently been signed with four Iranian companies, MNA reported.

Kameli also said a memorandum was signed with Turkish companies for the construction of a power plant last year and Iranian companies are currently conducting studies to find a suitable location for the power plant.

In addition to Turkey, Iranian private companies are also conducting studies on electricity markets in Afghanistan, Pakistan, Iraq, and the United Arab Emirates

 

[Max Pain]

There's an ever growing demand in Pakistan for electricity.
so its the right choice to Invest in the electricity sector here

 

[B+ Dracula]

We should get ourselves prepared 5 years earlier ...We are late already....Linking Pipes digging underway

 

[Aramagedon]

Iran Khodro has signed an agreement with two local universities to produce hybrid and electric cars, with the first models expected to roll down the production line in the next three years.

The Middle East’s leading automaker inked a memorandum of understanding with Iran’s prestigious Sharif and Amir Kabir Universities of Technology for design and production of the county’s first hybrid electric cars.

Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said the government was preparing a support package to promote such cars as part of a long-term fuel economy plan.

“This package is a prerequisite to the promotion of hybrid and electric cars in Iran because such automobiles must be produced and presented to the market for customers to buy them,” he said during the signing ceremony.

Nematzadeh said hybrid cars cut fuel consumption by two-thirds.

Deputy head for planning and strategy at Iran Khodro Hossein Farsani said the world would witness a “major revolution” in production of electric drive vehicles. The number of such cars rose 100% in 2013 to 405,000 units from just 25,000 in 2010, he said.

Electric drive vehicles are collectively referred to hybrid electric vehicles, plug-in hybrid electric vehicles and all-electric vehicles which use electricity either as their primary fuel or to improve the efficiency of conventional fuel.

They are powered by an internal combustion engine or other propulsion source that can be run on conventional or alternative fuel and an electric motor that uses energy stored in a battery.

Iran’s auto industry is the Middle East’s largest but it is based on assembling foreign brands. Air pollution is a major problem of Iran’s major cities because of the fuel-guzzling cars which ply the streets.

Chinese cars have started flooding Iran’s markets in recent years amid intensified sanctions which have kept international car makers out of the Iranian market.

Industrialists say China’s auto industry is a copy of second-hand outdated technology and Chinese cars are only exacerbating Iran’s air pollution.


========================

Iranian Car Ranks 3rd in Turin

A hybrid car made by Khajeh Nassir University students ranked third in Formula Electric and Hybrid Italy (EHI) held in Turin, Italy, during October 7-10.

The four-wheel car has a composite body, weights 600 kilograms and can travel up to 90 kilometers an hour.

Formula Electric and Hybrid Italy (EHI), an international competitive and sports event, was initiated by Assiciazione Tecnica Dell’Automobile as Formula TECH in 2005, with the objective of promoting innovation developed in academic institutions across the world and applied to sustainable ecological mobility.

Students from universities and technical institutions can participate with complete vehicles, designed and fabricated by themselves and compete in tests such as endurance, acceleration, energy consumption, autocross and climbing ability, as per rules set up by a technical committee.

Formula Electric and Hybrid aims to encourage students and graduate engineers to participate with new ideas and innovative solutions to reduce the environmental impact and improve the energy efficiency of various vehicles supplied by different energy sources.

The student teams were evaluated and awarded by the Technical Committee, formed by experts from industries and institutions, on the basis of the characteristics and performance of vehicles, their level of innovation and industrial aspects.

The outcome of the event is expected to help forge interaction among academic institutions and industries in terms of technology innovations and for the diffusion of the culture of ecological vehicles.

Formula Electric and Hybrid Italy offers an overview of advanced technologies in the field of electrically propelled road vehicles, encompassing various types of power train and energy supply systems by using a variety of vehicles.

The battery of electric vehicles are especially suitable for urban operation, as they do not pollute, are almost noiseless and allow an highly effective use of energy due to energy recovery during braking.

PressTV-Iran to build hybrid electric cars

 

[Aramagedon]

 

[Aramagedon]

Iran to Build Hybrid Electric Cars

Workers assemble cars at the Iran Khodro automobile manufacturing plant just outside Tehran.

Iran Khodro has signed an agreement with two local universities to produce hybrid and electric cars, with the first models expected to roll down the production line in the next three years.

The Middle East’s leading automaker inked a memorandum of understanding with Iran’s prestigious Sharif and Amir Kabir Universities of Technology for design and production of the county’s first hybrid electric cars.

Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh said the government was preparing a support package to promote such cars as part of a long-term fuel economy plan.

“This package is a prerequisite to the promotion of hybrid and electric cars in Iran because such automobiles must be produced and presented to the market for customers to buy them,” he said during the signing ceremony.

Nematzadeh said hybrid cars cut fuel consumption by two-thirds.

Deputy head for planning and strategy at Iran Khodro Hossein Farsani said the world would witness a “major revolution” in production of electric drive vehicles. The number of such cars rose 100% in 2013 to 405,000 units from just 25,000 in 2010, he said.

Electric drive vehicles are collectively referred to hybrid electric vehicles, plug-in hybrid electric vehicles and all-electric vehicles which use electricity either as their primary fuel or to improve the efficiency of conventional fuel.

They are powered by an internal combustion engine or other propulsion source that can be run on conventional or alternative fuel and an electric motor that uses energy stored in a battery.

Iran’s auto industry is the Middle East’s largest but it is based on assembling foreign brands. Air pollution is a major problem of Iran’s major cities because of the fuel-guzzling cars which ply the streets.

Chinese cars have started flooding Iran’s markets in recent years amid intensified sanctions which have kept international car makers out of the Iranian market.

Industrialists say China’s auto industry is a copy of second-hand outdated technology and Chinese cars are only exacerbating Iran’s air pollution.

 

[Kiarash]

the best solution to Tehran's pollution problem !

 

[Moon]

it most probably be its ECU that has bugs... I have seen a same problem with a Benz as when u use its Left Signal light, its windshield cleaners would move!! or turning the car off by turning the front lights off!! it happens in new cars with software and bugs

The likely problem lies in the wiring of these systems by a noob worker, these problems are often occurring in a small number of vehicles, however if these problems are in batches then it's probably the ECU, but the ECU also controls the revs of the engine so you will observe really poor rev performance.

 

[Shahzad Akram]

Buri Nazar se bachna

 

[Shahzad Akram]

Keep up the Good work Iran

 

[Shotgunner51]

Cement data in some way reflect the infrastructure & general civil construction pace of the country. 75 million tons per year is massive considering Iran's population is only 75 million, i.e. 1 ton per each Iranian!

So that's a very good sign, keep building Iran!

@IR-TR @AndrewJin

 

[-SINAN-]

Well, i hate to do this but these figures are from 2013.

In 2014 Turkey overtake Iran's positon.
• Global cement production top countries 2014 | Statistic

Though i think cement production is nothing to brag.... producing to satisfy internal demand is enough.

 

[21 Dec 2012]

Well, i hate to this but these figures are from 2013.

In 2014 Turkey overtake Iran's positon.
• Global cement production top countries 2014 | Statistic

Though i think cement production is nothing to brag.... producing to satisfy internal demand is enough.

Both are tied at 4th.

Cement production and consumption is one of the indicators of infrastructure development and growth.