economic growth
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OPEC: A longstanding institution for oil market stability, global economic growth
SHANA (Tehran) - OPEC, as an organization formed by oil-producing developing countries, has for more than 65 years worked to secure the collective interests of its members through constructive engagement with consumer countries and the global economy, wrote Iran's representative to the Organization of the Petroleum Exporting Countries (OPEC).
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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.