economic council

  • Investment in Band Karkheh oil field development approved by Economic Council

    Investment in Band Karkheh oil field development approved by Economic Council

    SHANA (Tehran) – The Economic Council, during its meeting on Monday, reviewed and approved a request from the Ministry of Oil to amend a previous resolution regarding a gas supply project for power plants on Kish Island and to invest in the development and operation of the Band Karkheh oil field.

  • Oil minister attends Economic Council meeting

    Oil minister attends Economic Council meeting

    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.

  • Economic Council Approves Urgent Oil Production Plan

    Economic Council Approves Urgent Oil Production Plan

    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.