PBO
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PBO: New Economic council measure accelerates oil investment attraction
SHANA (Tehran) – The head of Iran’s Plan and Budget Organization highlighted the country’s geopolitical, historical, and human resource capacities, noting key government steps to revive investment appeal in the strategic oil industry. These include raising project return rates to 23%, allowing investors to benefit from excess earnings, and speeding up contractual processes.
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PBO: Addressing energy deficit on gov’t agenda
SHANA (Tehran) – The head of the Plan and Budget Organization (PBO) said forming an Energy Consumption Management Optimization Organization, a housing development plan, addressing energy imbalances, and financing the Seventh Development Plan are among the issues on the government’s agenda.
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Oil Sector the Driving Force of Economic Growth, PBO
SHANA (Tehran) - All sectors of the economy have experienced a desirable rate of growth, but the oil sector plays the specific role of driving force with a higher rate of growth than other sectors.
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Sanctions aimed at limiting Iran’s oil output, exports thwarted by Oil Ministry: PBO head
SHANA (Tehran) – Iran’s Plan and Budget Organization (PBO) chief said on Tuesday the Oil Ministry has managed to thwart the sanctions aimed at limiting the country’s oil production and sales in the international market.
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Iran’s 5.4% economic growth in 2023 second-highest in world: PBO chief
SHANA (Tehran) – Iran’s Plan and Budget Organization (PBO) Head Davoud Manzour posted on X, formerly known as Twitter, that the country’s 5.4 percent economic growth in 2023 reported by the International Monetary Fund (IMF) was the second-highest rate in the world.
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Iran’s oil sector economic growth hits 21.8% in autumn, says PBO head
SHANA (Tehran) – Iran’s Plan and Budget Organization (PBO) chief announced on Wednesday the oil and gas sector’s economic growth in autumn 2023 reached 21.8 percent.
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PBO chief: Iran oil revenues up 42% since spring
SHANA (Tehran) – Iran’s Plan and Budget Organization (PBO) head on Tuesday said the country’s oil revenues have increased 42 percent since the beginning of the current calendar Iranian year (March 21, 2023).