Mining, Oil, Gas Shares of GDP at 29%
Economy, Business And Markets

Mining, Oil, Gas Shares of GDP at 29%

The mining, oil and gas sectors account for 29% of Iran’s GDP, says Amir Sabbagh, an official with the Iranian Mines and Mining Industries Development and Renovation Organization. According to Sabbagh, the imposition of sanctions against Iran over its nuclear program, the shying away of foreign investors from the country and the decline in oil prices prevented Iran from developing its industrial infrastructure in recent years, IRNA reported. Iran is currently the world’s 15th mineral-rich country and possesses the largest gas and fourth largest oil reserves worldwide.

Short URL : http://goo.gl/om68nR
  1. http://goo.gl/qo5z2J
  • http://goo.gl/PEXFQ3
  • http://goo.gl/KFNJC4
  • http://goo.gl/xXlmnb
  • http://goo.gl/fHVM1D

You can also read ...

Tehran to Host Int’l Leather Expo
The Fourth International Exhibition of Bags, Shoes, Leather...
NSFund Helping Knowledge-Based Firms Growth, Export Agenda
Government-backed Innovation and Prosperity Fund (NSFund) has...
All devices that support Wi-Fi are most likely affected and users may want to be wary of using Wi-Fi at all until patches are widely rolled out
One more vulnerability that is now affecting practically...
TCCIM Director Masoud Khansari (C) made the keynote speech at the latest gathering of the influential business body on Oct. 17. (Photo: Saeed Ameri)
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Miyaneh Steel Complex’s DRI plant was the second producer to utilize PERED, which came on stream on Oct. 15.
Iran has long relied on its cheap energy costs and abundance...
Massoud Karbasian (1R), sitting across his Indonesian counterpart Sri Mulyani Indrawati in Washington, DC.  
Iranian Minister of Economic Affairs and Finance Masoud...
NDFI to Offer Loans Worth $2b to Exporters
The National Development Fund of Iran is to allocate a total...
92% Rise in N. Khorasan Exports Value
More than 310,000 tons of goods worth around $61.5 million...