Iran’s urea export remains below expectations

Baku, Azerbaijan, Dec. 26‎

By Fatih Karimov – Trend:

The removal of the nuclear related sanctions against Iran in 2016 raised expectations that the Islamic Republic will give a boost to urea fertilizer exports.

Under the sanctions, Iranian urea manufacturers have been primarily selling it to India, and at a discount to the Persian Gulf states.

It was expected that foreign fertilizer traders, who were deprived from Iran market, take advantage of the sanctions’ removal to involve the business opportunities in this market.

However, the latest official statistics indicate that Iran’s urea production during the current fiscal year (started March 20), has registered a slight rise, meanwhile the exports have even witnessed considerable fall.

Iran’s urea export in the first seven months of the current fiscal year (March 20-Oct. 20) accounted to $400 million, 24 percent less year-on-year.

The country’s urea output also stood at 3.06 million tons in the same span of time, 5.1 percent more compared to the same period of the preceding year, according to the country’s industry ministry’s data.

Meanwhile Iran’s urea production was 380,800 tons in the seventh Iranian calendar month, 15 percent less month-on-month.

Iranian officials say that the decline is due to overhaul operations carried out in the petrochemical units, producing urea fertilizer.

Iran’s urea production capacity is planed to reach 14.7 million tons by 2022, under the sixth five-year economic development plan ‎from the current level of 5 million tons.

Nine petrochemical plants are expected to be launched during the four year periods in this regard.

Urea is mainly used as a fertilizer in agriculture and also used as raw material for other industrial purposes.

Iran’s ammonia output also stood at 2.4 million tons in the first seven months of the current fiscal year, 7.6 percent more year-on-year.

The country’s annual ammonia production capacity stands at 4.5 million tons.

Globally, approximately 88 percent (as of 2014) of ammonia is used as fertilizers either as its salts, solutions or anhydrously.

Georgia reports 9 new cases of COVID-19, 4 recoveries
Georgia reports 9 new cases of COVID-19, 4 recoveries
Geostat reveals inflation rates in Georgia in June 2020
Geostat reveals inflation rates in Georgia in June 2020
PM Gakharia: Georgia ready for NATO membership
PM Gakharia: Georgia ready for NATO membership
Loading Bars
Latest
"TurAz Qartalı - 2020" exercises continue with participation of helicopters (PHOTO/VIDEO)
5.1-magnitude quake shakes west of Iran
Azerbaijan launches tobacco drying enterprise in Tovuz district (FOTO)
Iran declares amount of investment in Bushehr port
Iran reveals its COVID-19 data for August 9
Azerbaijan reports 308 new COVID-19 recoveries
Samsung remains most-used mobile device in Azerbaijan
Iran's Shahid Salimi TPP boosts its production
US expert: Development of Amulsar mine causes tremendous pollution of fresh-water resources in Caucasus
Turkey reports 1,172 new COVID-19 cases
Georgia reports 9 new cases of COVID-19, 4 recoveries
COVID-19-like pneumonia affected over 1,000 more Kazakhstanis, killing 15
Turnout at Belarus presidential election reaches 45.33%
Iran discloses volume of wheat purchased in Ardabil Province
Azerbaijani government to support entrepreneurs in digital infrastructure dev't
Iran reveals value of exports via Kermanshah Province to Iraq
Special Forces Units also involved in first stage of Azerbaijani-Turkish tactical exercises (PHOTO/VIDEO)
Saffron to be auctioned in Iran
Azerbaijan reveals daily crude oil production for July 2020
Early voting turnout at 41.7% in Belarus
Iranian currency rates for August 9
Polling stations at Belarus presidential election open at 8:00
Armenia violates ceasefire with Azerbaijan 28 times
Export of steel from Turkey abroad in 1H2020 shrinks
Geostat reveals inflation rates in Georgia in June 2020
South Africa's COVID-19 death toll exceeds 10,000
EU Ambassador: Uzbekistan is one of key countries in Europe-Asia Connectivity Strategy
New COVID-19 cases detected in Kazakhstan in past day
Esper: U.S. will cut troop levels in Afghanistan to 'less than 5,000'
Law enforcers regain control of Beirut’s center, ministries captured by protesters
Chinese mainland reports 23 new confirmed COVID-19 cases
Ukraine president says Kyiv staying out of U.S. internal politics, elections
U.S. sets record as coronavirus cases top 5 million
Twitter, TikTok held preliminary talks about potential combination: WSJ
Brazil surpasses 100,000 deaths, 3 mln cases of COVID-19
Trump signs orders to extend certain COVID-19 relief after Congress fails to reach deal
Turkey reports 1,172 new COVID-19 cases, 239,622 in total
Czech apartment fire kills 11, including three children
Moscow's death toll from confirmed coronavirus cases rises by 12 to 4,572 - crisis center
WHO reports one-day surge in coronavirus cases by over 284,000
Plane crashes in Portuguese-Spanish joint fire operation, one killed
Lebanese PM says only way out of crisis is holding early elections: statement
Over 230 injured in Beirut protests - Lebanese Red Cross Society
Ireland reports highest number of new COVID-19 cases since early May
Beirut explosion death toll rises to 158, over 6,000 injured: Health ministry
Android goes on being most popular operation system in Azerbaijan
Turkey records decline in carpet export in 1H2020
Official: Epidemiological situation in Georgia is manageable and under control
Iranian mayors express readiness to help Beirut after blast
Kazakhstan sends military medical team to Lebanon after Beirut blast
Protesters storm Lebanon's Foreign Ministry
Oil spill threatens ecological disaster as Mauritius declares emergency
Belarus reports 124 new COVID-19 cases, total reaches 68,738
Azerbaijani president congratulates president of Singapore
Azerbaijani MFA: Armenia is making attempts to illegally resettle Armenians from Middle East to Azerbaijan's Nagorno-Karabakh and adjacent regions
Iran declares amount of funds to be paid for construction of Ardabil-Mianeh railway
Iran Red Crescent delivers 15 tons of food to Lebanon Red Cross
Turkey to allocate Port of Mersin for Beirut's use, top Turkish official says
PM Gakharia: Georgia ready for NATO membership
Libya reports 200 new COVID-19 cases
Weekly review of Azerbaijani currency market (Aug. 3-7)
Iran announces balance of bank loans
Total COVID-19 recoveries number exceeds 30,000 in Azerbaijan
Uzbekistan's capital to establish co-op with Japan's Nagoya city
Georgia becomes net importer of apples in 2019/2020 season
Iran's parliament to review stock exchange, foreign currency rates
Ferrero to purchase hazelnuts from Georgian Hazelnut Producers Association
Number of trucks under repair in Iran announced
Weekly review of Azerbaijan's precious metals market (July 31-August 7)
Uzbekistan drills new well at gas field in country's Bukhara region
Turkmengas announces tender for purchase of electrical equipment
Turkmenistan’s Oil Refineries Complex opens tender for gasoline purchase
Kazakhstan, Switzerland trade turnover plummets during COVID-19
Azerbaijan's fund reveals amount of compensations paid to depositors of liquidated banks
Transit-oriented development centers to be established in Iran
France becomes main supplier of natural butter to Uzbekistan
Gasification of new settlements carried out in Turkmenistan's Lebap region
Assistant to president: Establishing of Azerbaijan Investment Holding - big step
Azerbaijani oil prices down
Nokia's new CEO working on setting strategy in 'dream job'
Current epidemiological situation not safe enough for weddings - assistant to president
Ministry: Georgia sees increase in export price of blueberries
Iran reveals number of enterprises to commission in Bushehr Province
TABIB: Visits of foreign doctors to Azerbaijan arranged on basis of interstate agreements
Turkmenistan reconstructs gas supply system in country's Mary region
Iran reveals its COVID-19 data for August 8
Uzbekistan increases butter production
Flights to resume to more destinations - assistant to Azerbaijan's president
Iran's National Petrochemical Company talks increasing propylene production
Turkmenistan, Germany to continue co-op within international organizations
Iran discloses exports from Sistan and Baluchestan Province
Huge volumes of investments withdrawn from Iranian economy
Azerbaijani government takes measures to revive business - deputy economy minister
Assistant to president: Reopening of restaurants in outdoor areas in Azerbaijan discussed
Iran's gasoline consumption declines amid coronavirus spread
Uzbekistan, Oman to expand cooperation in logistics
Azerbaijani association talks impact of COVID-19 pandemic on real estate insurance market
Assistant to Azerbaijan's president: Non-grocery stores to open, other restrictions eased
We all tired of quarantine, it's kind of torment - assistant to president
Turkmenistan, WHO discuss measures to combat coronavirus
All news