SHANA (Tehran) – The 11th session of the Economic Council was held under the chairmanship of Mohammadreza Aref, first vice president, with the participation of Mohsen Paknejad, oil minister; Abbas Aliabadi, energy minister; Hamid Pourmohammadi, head of the Plan and Budget Organization; and other relevant officials in Tehran on December 30, 2024.
SHANA (Tehran)—Iran's Economic Council has approved a decision to finance an urgent oil production increase plan using resources from the National Development Fund of Iran. According to the decision, oil production is set to increase by 250,000 barrels per day.