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Iran’s Serious Coal Shortage Expected In Near Future

Coal News - Published on Tue, 11 Jun 2019

Image Source: Mehr News Agency
Financial Tribune reported that Iran’s domestic coal consumption revolves around 2 million tonnes per year, 1.5 million tonnes of which are supplied by domestic production while the remaining 500,000 tonnes are imported. However, as the Secretary of Iran Coal Association Mr Saeed Samadi said, with the addition of the country's steelmaking capacity and the number of blast furnaces next year, domestic demand is expected to rise to 3-4 million tons, meaning a serious shortage will arise.

According to Mr Samadi, Iran’s proven coal reserves stand at around 1.2 billion tons, ILNA reported.

He said that “Around 90% of the world’s steel are produced using coal because it’s a cheap energy resource compared to oil products. But since in Iran, significant subsidies are allocated to oil and gas products, coal cannot compete with oil products.”

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Posted By : Rabi Wangkhem on Tue, 11 Jun 2019
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