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Mohsen Montazeri, Director General of Iran’s Trade Promotion Organization, reported on the country’s non-oil exports from March 21 to July 21, 2025, revealing a total of $16.549 billion in exports. While this marked a 1.5% increase in weight, there was a 5.5% decline in value compared to the previous year. Total non-oil trade reached 61.20 million tons valued at $34.176 billion, reflecting a 0.5% growth in weight but a 10.2% drop in value. Key markets included China, Iraq, UAE, Turkey, and Afghanistan. Montazeri emphasized the importance of strong trade relationships and adapting to global market conditions to enhance export capabilities.
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The International Oil, Gas, Refining and Petrochemical Exhibition will be held in the capital from May 7 to May 10, showcasing innovations in the energy sector and fostering connections among over 2,000 Iranian and foreign companies. Following a recent conference on investment opportunities in Iran’s oil sector, the exhibition emphasizes “Investment in the Oil Industry: A Guarantee of Economic Growth and Development.” Iran’s oil industry, crucial for economic development, requires an estimated $250 billion in investments over the next eight years. This event aims to revitalize interest and investment, highlighting Iran’s potential in the global energy market.
India is preparing for a visit from President Vladimir Putin by year-end, as highlighted by National Security Adviser Ajit Doval during talks with Russian Security Council Secretary Sergei Shoigu. The two nations are strengthening their ties amid geopolitical tensions, particularly in light of the U.S. imposing a 25% tariff on Indian goods. Shoigu emphasized their commitment to enhancing cooperation for a more just world order. With India and China as leading buyers of Russian oil since the Ukraine invasion, the evolving India-Russia partnership in defense and energy is crucial for countering Western pressures and shaping future international relations.
At a recent ceremony, Hassan Abbaszadeh, CEO of the National Petrochemical Company (NPC), highlighted the significance of downstream industries in Iran’s petrochemical sector. He emphasized the need for strategic planning to optimize resource utilization and enhance regional development. Key points included prioritizing export strategies, maximizing value creation by completing the value chain, and reducing raw material sales. Abbaszadeh urged collaboration between the NPC and the Ministry of Industry to address challenges and meet market demands. He expressed optimism about overcoming obstacles through cooperation, reaffirming NPC’s commitment to supporting petrochemical complexes and fostering growth in the sector.
In 2024, Iran’s steel production reached 31 million metric tons, despite facing challenges like energy supply issues. Globally, steel production declined by 9% to 1.839 billion metric tons, with China contributing 1.005 billion metric tons. Iran’s December output fell 8.2% year-on-year to 2.6 million metric tons due to power cuts. However, Iran ranked 7th globally in November 2024, producing 3.1 million metric tons, a slight increase from the previous year. Turkey surpassed Iran with a 9.4% production rise. Addressing energy concerns could enhance Iran’s standing among top steel producers in the future.