Oil minister: Semifinished projects worth over $28b completed in a year

SHANA (Tehran) – Iran’s oil minister said on Wednesday semifinished projects worth more than $28 billion were completed in the Iranian calendar year of 1402 (March 21, 2023-March 19, 2024).

Talking to reporters, Javad Owji added the completion of the projects led to the surge in production in oil, gas, refining, and petrochemical industries and the registration of an economic growth of over 20 percent in the oil and gas sectors.

The Oil Ministry made effective investments during the yearlong period, said the top official, pointing out that new investments in partially finished oil projects have been included in a comprehensive plan with the aim of boosting production this year.

News ID 640101


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