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Iran oil, gas sector experiences growth of 9%

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Iranian President Ebrahim Raisi said that the oil and gas sector experienced a growth of nine percent in the past Iranian calendar year 1401 (ended on March 20).

The President considered the growth of production in 1401 promising and said: “We will strongly follow the wise slogan of 1402 which is “Inflation Control and Production growth”.

Oil Minister Javad Oji has recently said that a new record high will be reached in the country’s oil export in the current Iranian calendar year.

The country’s oil export in 1401 was 83 million barrels more than that of 1400, and 190 million barrels more than the export in 1399, the minister announced.—Tehran Times

 

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