H1 Growth Owes Big to Oil, Gas

Oil and gas spurred Iran’s economic growth in the first half of the current fiscal year (March 21-Sept. 22).
New data released by the Statistical Center of Iran show the economy grew 5.9% in H1 fiscal 2021-22 compared with last year’s corresponding period.
Excluding crude oil production, GDP growth stood at 4.1%.
The SCI data indicate that “crude oil and natural gas extraction” saw a massive 18.3% rise in H1.