UPDATE :ECONOMIC WATCH!!!WATCH OUT FOR IRAN

 

UPDATE :ECONOMIC WATCH!!!WATCH OUT FOR IRAN

......................................................there are 83 million Iranians

......................................................World's 17th most populous nation

.......................................................Iran is the 5th biggest producer of oil ,

its 12th biggest exporter,about 1.3 million barrels per day

..........................................................it has the world's 4th largest stocks of proven crude oil

 reserves 15.4 billion barrels  thus trailing Venezuela ,Saudi Arabia and Canada

............................................................As at 2017,Iran had an estimated 534,000

active reserve  military  personnel

..............................................................in terms of its purchasing power ,it is the world's 18 largest economy ...

..............................................................G.D.P. as at 2017 is 454 United states dollars

................................................................Income Per Capital is put at $17750...

................................................................Iran has a high poverty level but it is not a poor nation in economic terms anyway

...................................................................It is also a Third world nation due to freedom limitations rather than the quality of infrastructures most of whom are home grown...

..................................................................As at 2011 ,only 21percent of the Iranian populace used the internet on the average

..........................................................Iran is planning to produce up to 55 million tons of crude steel by 2025...

..........................................................Iran planned  to build 200 cargo ships in 2019

...........................................................Iran spent $370 million to fight sand and saw dust storms in three years

..........................................................$600 million earmarked to repair wetlands ..

...........................................................Iran recently made a Mobile Air traffic control Tower

..............................................................Airport development project worth $238 million was to have being implemented by March,2020

.............................................................Iranian industrial park projects expected to attract $2.1billion in investments .

.............................................................Ship:Iranina company was started in 2006 and can carry out maintenance works on large vessels with a 500,000 ton capacity ,it has almost produced an ocean liner amongst other landmarks as at press time

BY ABDULMUMINI ADEKU,LAGOS,NIGERIA...

Is God a Persian or is he partial,well  this will be the question The Board and Editorial Policy Board of The E.N.M.Paedia Express Multimedia Group of Lagos, Nigeria on the glory of the Islamic Republic of Iran ,ancient Persia..

You may have heard that China is the next super power  and that all the European giants and the Asian Tigers are next in line in terms of the success power equation but those will have to be the narratives based on the conspiracy of the imperialists and its media as the facts on the ground which could be investigated and put to a test is that sweat and blood equals success and this Iran represents based on the over 40 years of Sanctions on Iran which the United nations recently decided to put a permanent stop to...and with a good reason anyway...

Iran's resilience over the last 40 years marks it just for greatness and the position of the possible global super power "numero uno "due to its several years of being heavily independent while  at the same time developing its own potentials  thus helping to point at their directions the stuff greatness was made up of...

 Mike Pompeo, The United states State Secretary  in a statement said that the U.S. had denied Iran over $200 billion of possible foreign income and investments due to sanctions and yet Iran as a nation and a people never collapsed and this goes to show that the key to prosperity while having a staying power to hang on and keep fighting is resilience ...

Production of crude steel in Iran increased 14.4 percent in July from the figure for the same month in the past year, while the average global production for this commodity has fallen 2.5 percent in the mentioned month, a report recently released by the World Steel Association (WSA) said.

According to the WSA, Iranian steel producers produced 2.339 million tons of crude steel during July, rising from 2.045 million tons produced in the same time span of 2019, Shata reported.

The Iranian steel industry has outshined the world producers in this sector during the first seven months of 2020 altogether, as based on the WSA report Iran produced 16.335 million tons of the mentioned commodity during January-July period of 2020, 10.8 percent more than the figure in the same seven months of 2019.

The world’s 64 top steel producers managed to produce 1.27 billion tons of crude steel in the said period, 5.3 percent less than the output for the last year’s same seven months.

Iran’s crude steel production had also increased by 30 percent in 2019 while the average global growth in this sector stood at 3.5 percent.

The country managed to produce 31.9 million tons of crude steel during 2019, while the figure was 24 million tons in 2018.

According to the World Steel Association, Iran became the world’s tenth-largest steel producer in 2018.

Iran which stood at the 13th place in 2017 could lag behind three major steel producers in the world, namely Italy, Taiwan, and Ukraine to stand at the 10th place in 2018, despite the re-imposition of sanctions by the U.S.

Last month, a board member of the Iranian Steel Producers Association (ISPA) told IRNA that Iran has the capacity to export 15 million tons of steel per annum.

Saying that the country’s annual steel production has reached 30 million tons, Reza Shahrestani stated that of this figure 15 million tons can be exported and bring $7 billion of revenue for the country.

“Iran is now among the world’s top ten steel producers and in order to prove our capabilities in this due, we should have a strong presence in the international markets”, he stressed.

As previously reported, Iran’s export of steel products in the past Iranian calendar year (ended on March 19) rose 27 percent compared to its preceding year.

The country’s major steel producers managed to export about 7.33 million tons of the products in the previous year.

According to the data released by the Industry, Mining, and Trade Ministry, in the mentioned period over 20.226 million tons of steel ingots were produced by the country’s 10 major companies to register a five-percent rise year on year.

The country has also defined 16 development projects in the steel sector to boost the output of steel products by 17.3 million tons in five years.

These projects are for constructing production units each with the capacity of 600,000 tons, while some other projects have been also defined to set up some units with under 500,000-ton capacity that together with the 600,000-ton capacity units will add 19.1 million tons to the country’s annual steel products output.

In its outlook plan for the Iranian calendar year 1404 (2025-2026) Iran has envisaged production of 55 million tons of steel per annum, and to achieve this target the country requires to produce 160 million tons of iron ore concentrates.

Industry, Mining, and Trade Ministry has announced that production of iron ore concentrate in Iran also reached 47.306 million tons in the previous Iranian calendar year, registering a four-percent rise compared to the preceding year.

The country has extracted 64.274 million tons of iron ore during the past year, according to the data released by Iranian Mines and Mining Industries Development and Renovation Organization.

EF/MA

WITH ADDITIONAL REPORTS FROM IRANIAN NEWSPAPER:TEHRAN TIMES...