Financial Tribune

Iran’s South Pars earns $360 billion in 20 years

The cumulative output of natural gas and its byproducts from the South Pars Gas Field in the Persian Gulf has reached 2 trillion cubic meters since 2002, the operations manager of Pars Oil and Gas Company said.

Energy

Petrochemicals, gas account for lion share of Iran’s non-oil exports

Natural gas, chemicals and downstream petrochemical products accounted for 58% of Iran’s non-oil export value during the first eight months of the current fiscal year (March 21-Nov. 21), the head of the Iranian Oil, Gas and Petrochemical Products Exporters Union said.

Trade

Iranian banks’ foreign assets hit $74 billion

Foreign assets of Iranian banks reached 20,733.3 trillion rials ($74 billion) by end of last November.

Macro Economy

Iran’s monthly red meat production surges by 52%

A total of 54,947 tons of red meat were produced in Iran’s official slaughterhouses during the month ending Dec. 21 to register a 52% rise compared with the similar month of last year and a 0.3% month-on-month decline.

Agriculture and Environment

Iran’s COVID-19 vaccine import nears 155 million doses

Four new shipments of Covid-19 vaccines arrived in Iran, bringing the total volume of imports to 154.98 million doses, Rouhollah Latifi, spokesman of the Islamic Republic of Iran Customs Administration said on Jan. 19.

Society Economy

Iran’s Q1-3 essential imports top $14 billion

A total of 23.05 million tons of essential goods worth $14.14 billion were imported into Iran during the first nine months of the current fiscal year (March 21-Dec. 21), according to the newly-appointed head of the Islamic Republic of Iran Customs Administration.

Macro Economy

Strong growth in Iran’s steel exports despite decline in production

Iranian steelmakers have registered higher exports although their production levels had decreased, latest data released by the Iranian Steel Producers Association show.

Mine and Industry

Iran’s footwear, synthetic leather exports reach $100 million

A total of $100 million worth of shoes and synthetic leather were exported from Iran during the last fiscal year (ended March 20, 2021), director of Iran Shoemakers Association said.

Mine and Industry

Iran’s nine-month aluminum production up 23%

Iran’s aluminum industry produced 400,481 tons of ingots during the current fiscal year’s first nine months (March 21-Dec. 21).

Mine and Industry

Iran pressing ahead with agricultural outsourcing

In the next fiscal year’s budget bill (March 2022-23), the government has given priority to the import of agricultural crops cultivated in foreign countries under the ‘Farming Beyond Borders’ program.

Agriculture and Environment