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On September 11, 2021, Iranian Oil Minister Javad Owji said that in the next 4 to 5 years, Iran plans to add 60 million tons of new oil refining capacity per year
.
Speaking to reporters after a visit to Tehran refineries on Friday, Owji told reporters that the capacity of the country's refineries will increase significantly in the next four to five years, according to the established timetable for existing refineries and new refineries
.
He also touched on gas diplomacy, saying: "One of the issues we are discussing is gas diplomacy with our neighbours, including Turkmenistan
.
We will also hold talks with neighbouring countries such as Turkmenistan and Iraq to increase natural gas exports and trade
.
——Iran’s share of petrochemical production in the Middle East has reached 26.
5%
5%
Hassan Abbaszadeh, director of the Planning and Development Department of the National Iranian Petrochemical Company (NPC), said recently that Iran's share of petrochemical trade in the Middle East in the year 1398 of the Persian calendar (2019.
3.
20 – 2020.
3.
20-2021.
3.
20) increased to 22.
1%
.
During the same period, Iran's share of the Middle East's total petrochemical production increased from 24.
9% to 26.
5%
.
During the same period, Iran's share of the Middle East's total petrochemical production increased from 24.
- will deepen cooperation with China
- will deepen cooperation with ChinaOn March 27, 2021, Chinese State Councilor and Foreign Minister Wang Yi and Iranian Foreign Minister Javad Zarif formally signed a 25-year agreement in Tehran, covering political, strategic and economic cooperation, including long-term oil purchases
.
In 2018, then US President Trump withdrew from the Iran nuclear agreement and reinstated sanctions on Iran, including restrictions on Iran's oil exports.
As a result, Iran's oil exports fell rapidly
.
Biden has also continued this policy
.
According to overseas media reports, the energy analysis magazine "Petroleum Economist" (PetroleumEconomist) has said that in Iran's oil, gas and petrochemical industries, China will invest 280 billion US dollars in the first five years
.
In transportation and infrastructure, China will invest $120 billion
.
.
In transportation and infrastructure, China will invest $120 billion
.
China is an important energy demand country and an importer of oil, natural gas and petrochemical products in the world
.
In the export market of Iranian petrochemical products, China occupies an important position in trade
.
According to customs statistics, China's methanol imports in 2020 will reach 13 million tons, an increase of 2.
1 million tons or 19.
27% over 2019, and the total import volume has broken a record high
.
Iranian goods are still the main source of methanol imported to China
.
In 2020, China will import more than 5.
2 million tons of methanol produced in Iran (UAE + Iran), accounting for more than 40% of the total imports.
Iran ranks first in China's methanol import source country
.
