Iranian builders of oil structures eye Middle East markets (exclusive)

Business Materials 5 February 2018 22:23 (UTC +04:00)

Tehran, Iran, Feb. 5

By Kamyar Eghbalnejad – Trend:

Iranian companies are capable of producing and installing gas and oil structures in the surrounding countries and the Middle East.

“Iranian structure producers nowadays have focused on the development of southern oil and gas refineries,” Alireza Rezaeian, a leading member of the Board of Iranian Steel Structure Association, told Trend.

Saying that Iran over the past decade has made a significant progress in the field of steel structures in terms of quality and speed, he added that welding and screw manufacturing and other affiliated industries of the country have also made a breakthrough.

Speaking about Iran’s capability to export steel structures, he added that the industry is capable of competing in the Middle East.

He further touched upon the development of oil and gas refineries in the south of the country and saying under these conditions production of steel structures will increase in these regions.

“Now considering good condition of steel structure production, as well as quality of production and technology of steel structures manufacturing in gas and oil industry, it is possible to produce similar structures to foreign manufacturers of the same quality,” he added.

World Steel Association (WSA), through its latest report, suggested that the country produced 20.5 million tons of sponge iron during 2017, accounting for 28 percent of total global output.

The Iranian Steel Producers Association says the industry produced over 16.073 million tons of crude steel during the first nine months of the current fiscal year (March 20-Dec. 21, 2017), a rise by 16 percent compared to the same period of last year.

According to the official statistics, the country exported 4.614 million tons of crude steel (an 80 percent increase year-on-year) and 1.075 million tons of various steel products (a 29 percent fall).

This is while, the country has ramped up its crude oil output and export by at least a million barrels per day over the past two years.

The country's petroleum output has increased by 165,000 b/d in the first 10 months of the current Iranian calendar year which began on March 21 compared to the same period last year.