Highest foreign investment made in oil industry, says Iran’s economy minister

SHANA (Tehran) – Iran’s minister of economic affairs and finance said the oil industry attracted the highest foreign investment in the 11 months of the current Iranian calendar year (starting March 21, 2023).

Seyyed Ehsan Khandouzi added foreign investment made in the oil sector during the period amounted to $4.8 billion.

Iran’s non-oil trade with 15 neighboring states during the 11 months hit $55 billion, 2.5 percent higher than the figure during the corresponding period in its preceding year, he continued.

Khandouzi, who is the government’s economic spokesman, said foreign investments made since the incumbent government took office in August 2021 has exceeded $11 billion, adding the industrial sector has attracted $3.8 billion, the services sector $617 million, and the agricultural sector $580 million.

News ID 638141


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