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Qatar-Iran relationship, biggest natural gas industry

Iran, Qatar in competition over world’s biggest gas industry. The two nations have a close business relationship, particularly in the oil and gas sectors. A big portion of Qatar’s Oil comes from a field that is related to Iran.  The two nations jointly control the world’s largest natural gas field. During the Qatar diplomatic crisis, Iran provided diplomatic and economic help to Qatar. On 25 June, 2017 Iranian president ‘Rouhani’ criticized that the “siege” on Qatar, and said that “Tehran will stand by Qatar’s government”. He also noted that Iran’s airspace was open to Qatari aircraft.

The world’s largest natural gas field is owned by both Iran and Qatar. This field plays an important role in the development of foreign and national policies in both Qatar and Iran. As several economic experts explained that the tension arose briefly after the Riyadh Summit, when US President Donald Trump assured Saudi Arabia of his commitment to the region in the face of the “Iranian threat”.

Trump and his officials have also praised Qatar. US Secretary of Defense James Mattis and Secretary of State Rex Tillerson met with their Qatari counterparts in April and May. And at the May summit in Saudi Arabia, Trump said US relations with Qatar were “extremely good.”

Iran and Qatar recently announced further development plans. Iranian Foreign Minister Javad Zarif met with the Qatari emir as part of a broader bid to reduce tensions with Gulf countries. It was the first such meeting since Qatar recalled its ambassador to Tehran in January 2016.

Iranian Foreign Minister Javad Zarif met with the Qatari emir as part of a broader bid to reduce tensions with Gulf countries. It was the first such meeting since Qatar recalled its ambassador to Tehran in January 2016.

However, for Iran, the development and production of natural gas not only satisfies growing national energy needs but also helps the current administration to maintain political support and fulfill ambitious economic promises which include overall growth through job creation and foreign investment attraction.

Now, it shows that Qatar and Iran both countries becomes the manufacturing hub. For development of manufacturing and gas industry so demand of spare equipment is increasing higher.

SCION INDUSTRIAL ENGINEERING PRIVATE LIMITED, a renowned name in international market for supplying industrial spare products. We are also associated with many other renowned companies in Iran and providing them our services since 20 years. We ensure ‘from parts supply to asset care’, well-round industrial service. Our products have been priced at very reasonable rates in the international market. We are committed to supply the spare goods and the services that satisfy our customer’s highest expectations.

 

 

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Reasons behind Iran’s impressive economy

iran economy

According to the World Bank, the recent development in Iran marked that the nation’s non-oil and manufacturing sectors are played a vital role to increase the Iran’s GDP rate. The business agreements between Iran and major foreign countries in the oil, gas, manufacturing and other key sectors, boosted to develop of Iran’s economic condition. This new landscape creates renewed confidence, validating the very positive expectations generated after the implementation of new sanctions.
Iranian president Rouhani recently acknowledged that the employment is the most important issue in the country and unemployment can be a big dilemma for our country and our community.

The other problem to address is linked to pro-Iran advocates who repeatedly say that the economic growth will empower moderates such as Rouhani, and thus alter foreign policy. This simplistic argument, which reflects either a lack of knowledge of Iran’s politics or represents pro-Iran lobbying efforts for financial gain, has clearly failed.

All in all, the Rouhani government’s economic policies have generated some positive results, but the economy is in need of bold initiatives to improve the business climate and pave the way for greater private sector activity. Evidently, some of the needed changes will also require political, legal and structural reforms, which may be an uphill challenge that he will face in his potential second term as president.

Not only has financial growth not moderated its foreign policy or empowered moderates, it has emboldened Tehran to ratchet up its military adventurism, the pursuit of ballistic missiles and regional provocations. Iran’s moderates and hard-liners pursue the same objectives but with different tactics.

Growth simulations for Iran’s long-term growth prospects conducted for the report suggest there is great potential to be exploited in moving toward the technology frontier and better utilizing Iran’s abundant educated labor force.
Iran has become the third-largest producer in the organization of the Petroleum Exporting Countries and has expanded its business in other industries, including mining and metals.

When the manufacturing industry develops so the demand of spare items are increasing higher.
SCION INDUSTRIAL ENGINEERING PRIVATE LIMITED a renowned name in international market for supplying industrial spare products. We ensure ‘from parts supply to asset care’, well-round industrial service.Our products have been priced at very reasonable rates in theinternationalmarket. We are committed to supply the spare goods and the services that satisfy our customer’s highest expectations.