Iran’s minister of oil said the country’s crude production volume will hit 4 million barrels per day (bpd) by the end of the current Iranian calendar year (to end March 20, 2025).
Iran’s economic growth in the previous Iranian calendar year (March 21, 2023 to March 19, 2024) with/without oil included increased 4.5 percent and 3.6 percent respectively.
China’s Customs Office put the trade exchanges between Iran and China in the first five months of the current year (January to May 2024) at about $6 billion.
The Rasht-Caspian Railway Project in Iran’s northern province of Gilan will be inaugurated on tomorrow, June 20, 2024.
Iran exports raw materials and pharmaceutical products to approximately 50 countries across the world despite cruel sanctions imposed against the country, the Iran Food and Drug Administration (IFDA) said.
The Iranian Steel Producers Association (ISPA) said the steel production volume in the country in the first two months of the current Iranian calendar year (March to May 2024) registered a 1.6 percent growth compared to the same period last year.
The World Bank (WB) in its latest report predicted that Iran’s economy will grow 3.2 percent in 2024 and the inflation rate will decrease to 35 percent.
Iran exported 1.56 million tons of agricultural products worth $684 million in the first two months of calendar year (March 20 – May 20), an increase of 28 percent in value year on year.
The transit of goods through the Iranian land and territory in the first two months of the current Iranian calendar year (March 20- May 20) registered a 56.5 percent hike compared to last year’s corresponding period.
Iran’s steel production volume increased by 7.2 percent in the first four months of 2024 (January to April) despite the reduction of total steel production volume in the world, the World Steel Association (WSA) reported.