economic growth
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Growth of crude production, exports in H1 amid economic stagnation
SHANA (Tehran) – Statistics by the Central Bank of Iran (CBI) show a 1.1-percent growth in crude oil production and exports during first six months of the current Iranian year (started March 21, 2025), an indicative achieved amid economic as a 0.6-percent drop registered in growth domestic production of the country.
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SCI: Oil accounts for 23.7% of economic growth in H1
SHANA (Tehran) – Iran’s economy grew 0.1% with oil and contracted 0.5% without oil in the first six months of 1404, according to new data from the Statistical Center of Iran. The figures show that oil contributed 23.7% to Iran’s economic growth this summer, meaning roughly one-quarter of the country’s overall growth came from the oil sector.
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8% economic growth requires investment in oil industry
SHANA (Tehran) – Iran’s first vice president said achieving 8% economic growth requires serious and extensive investment, adding that efforts—particularly in the oil and gas sector—have paved the way for further investment.