2 July 2024 - 13:07
  • News ID: 643751
Oil Sector Continues Growth in 1Q

SHANA (Tehran) - Oil sector growth was announced as positive over the first three months of the current Iranian calendar year of 1403, which began on March 21.

The Economic Coordination Headquarters held a meeting presided over by the acting president Mohammad Mokhber, where the Central Bank of Iran (CBI) and the Planning and Budget Organization (PBO) provided reports about inflation and economic growth.

According to the reports, the production sector growth has continued during the first three months of the current Iranian year, since March 21.

According to the CBI report, the service sector growth stood at 2.7 and 3.8 percent over the two past years.

The oil sector growth reached 10 percent and 14.7 percent during the corresponding period, mainly due to rising crude and condensate production and exports, according to the report.

Likewise, the PBO report indicates a continuation of economic growth over the first three months of the current Iranian year of 1403, without giving specific figures.

News ID 643751

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