Oil Ministry leading supporter of knowledge-based companies, first-time production: Government spox

SHANA (Tehran) – Iran’s Oil Ministry is the leading supporter of knowledge-based companies and first-time production, said the government spokesman.

Speaking about the ministry’s achievements on Tuesday, Ali Bahadori Jahromi added the Oil Ministry also set a new record in seasonal economic growth, registering a 19 percent increase.

The ministry prioritized the projects over the past two years, completing and inaugurating 132 projects by investing $28.5 billion during the period.

Concurrent with the implementation of prioritized projects, the ministry started its short-term plans and boosted production in oil and gas upstream and downstream sectors through investing $48 billion.

News ID 633127


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