Iranian Energy Minister Reza Ardakanian has announced the allocation of 32 trillion rials (about $761.2 million) for emergency water supply in provinces that are facing severe water shortage in the current Iranian calendar year (started on March 21).

Iranian government spent a total of 770 trillion rials (about $18.33 billion) to compensate for the negative impacts of the coronavirus pandemic on people’s livelihood and businesses and to support the country’s healthcare sector during the previous Iranian calendar year (ended on March 20).

Managing Director of Iran’s MAPNA group has said his company is currently producing over 200 types of high-tech industrial products, IRNA reported.

The rising trend of electricity consumption in Iran has created serious concerns about power outage in the summer peak period.

The spokesman of Islamic Republic of Iran Customs Administration (IRICA) says some 38.6m tons of goods worth $24b were traded between Iran and the P5+1 countries last year that Iran’s share of exports to those countries is 28m tons and worth of  $9.83b while the country’s imports stood at 10.54m tons worth $14.16b which shows 14 and 19 percent slumps in terms of weight and value.

The National Iranian Oil Co. signed a $1.78 billion deal with a domestic company to develop the Farzad B gas field in the Persian Gulf.

Head of Iran’s Securities and Exchange Organization (SEO) has said the country’s refining industry requires $30 billion of investment for completing semi-finished projects and the capital market is the best place to provide this funding.

Representatives of the Iranian private sector at Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIMA) in a meeting on Monday presented a policy package that according to its creators is going to reform the country’s economy and solve many of the current economic issues.

Managing Director of Iran’s East oil and Gas Production Company (EOGC) has announced the production of 16 billion cubic meters (bcm) of natural gas - 43 million cubic meters per day (mcm/d) - in the previous Iranian calendar year (ended on March 20) in the Khangiran operational region and Shorijeh storing reserves (at areas bordering Turkmenistan).

Head of Iran's Export Confederation Mohammad Lahooti rejected some allegations that exporters support devaluation of the national currency against dollar because of their own profits.