25 April 2024 - 10:08
  • News ID: 640488
Oil Sector Leads Economic Growth

SHANA (Tehran) - Last year’s rising rate of economic growth was the result of considerable achievements in the oil sector.

Head of the energy and environment committee at Tehran’s Chamber of Commerce, Saeed Tajik, made the remarks adding Iran’s non-oil sector performance faced some problems over the last Iranian year of 1402; ended on 20 March 2024.

Speaking to Shana, he said leading Iranian banks’ liquidity toward investment in oil and gas projects definitely will have desirable economic effects, adding making investment in oil, gas and petrochemical sectors is required to be pursued seriously otherwise their development will be challenging.

Citing Iran’s Customs Administration data, head of Tehran Chamber of Commerce, Mahmood Najafiarab, had said earlier that the worth of oil exports stood at 35.9 billion dollars last year, indicating an increase of 8.6 percent when compared with a year earlier.

News ID 640488


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