Does Iran Find New Oil Fields Or Affect Oil Prices? This Chemical Fiber Enterprise Will Cry Again!

According to Reuters 10, Iran President Rouhani said in a speech broadcast on state television that Iran had discovered a new oil field in the southwest and its crude oil reserves amounted to 53 billion barrels. Rouhani said the discovery of the oil field means that Iran's proven crude oil reserves will increase by 1/3.


The Associated Press reported that Iran's proven reserves of oil and natural gas rank fourth and second respectively in the world, and are the third largest oil producing countries after OPEC, the only member of OPEC, after Saudi Arabia and Iraq. Despite abundant oil and gas resources, Iran is hard to cash in because of US sanctions.


"A small gift from the government to the people of Iran"


Rouhani announced the discovery in the central city of Asia on the same day. He said that the oil field is located in the southwestern province of Huzi Stan, which borders on Iraq. It stretches 200 kilometers to the East, and the oil is 80 meters underground. The area of the whole oil field is about 2400 square kilometers.


Rouhani said the good news is "a small gift from the government to the people of Iran". Rouhani did not say the date of the discovery of new oil fields in Iran. According to BP estimates, Iran's proven reserves were 155 billion 600 million barrels before the new discovery raised 1/3 of the proven reserves. In terms of proven reserves, the new oil field will become the second largest oil field in Iran after Ahvaz oilfield, with the proven reserves of 65 billion barrels.


Don't forget to shout to the United States.


He also did not forget to shout to the United States: "I want to tell Washington that when you sanctions Iran for the sale of oil, our workers and engineers have the ability to discover 53 billion barrels of oil."


In May 2018, the United States pulled out of the comprehensive agreement on nuclear issue in Iran, resuming and adding sanctions against Iraq, especially energy sanctions. In May this year, the United States ceased sanctions exemption from several Iran oil importers. It intended to block Iran's oil exports and cut off the source of Iran's government finances.


In response, Iran suspended the implementation of some provisions of the agreement in May and announced this month that it will restart 30 IR-6 centrifuges to injecting uranium into 1044 centrifuges at the nuclear facility.


In the face of US sanctions and containment, Iran has repeatedly announced such encouraging news as oil and gas resources. The Iran national gas company announced in October that a natural gas field was discovered near the Persian Gulf with sufficient reserves for 16 years in the capital Tehran.


Crude oil is unstable, how does chemical fiber greet spring?


The polyester industry is basically located at the end of the big industrial chain with crude oil as the starting point. Any fluctuation of the price of any product in the industrial chain, especially the crude oil price, will greatly affect other related products, resulting in a series of reactions.


That is to say, the greater the uncertainty of crude oil price trend, the greater the impact on polyester and textile industry. At 15:00 on November 11th, chemical fiber textile related futures were green.


From the polyester raw material market, last week, the domestic PTA spot market was weak, and the domestic PTA market was weak or weak this week. Brunei Hengyi plant was put into operation, the PX market was running weaker, the cost side support weakens; with the recovery of PTA plant maintenance equipment, the supply increased; meanwhile, the demand for polyester in the lower reaches turned pale, the intention of receiving goods was not high, and the manufacturers in the terminal market were on the high side, and the winter orders did not significantly improve. In the short term, the PTA market is dominated by bad profits, but due to the substantial compression of processing fees, profits are located near the profit and loss line, and the spot market has stronger resilience and weaker market or maintenance pattern.


At present, China's polyester industry still faces a variety of "ambush", and the market risk is still very large. In addition to considering the price stability of upstream raw materials, the terminal demand problem is also urgently needed to be solved. Therefore, the price of products such as fiber, yarn and fabric on the market is striving to be stable.


The chemical fiber enterprises supported by the loss of oil prices are called "chopping bones and connecting tendons". However, the trend of oil prices can not be controlled by one country or another, and the survival of the fittest. Only when enterprises adapt and adjust quickly can they survive in difficult times.