WB sees Iranian economy continuing positive growth until 2024
Iranian economy is projected to grow by 2.1 percent in the current fiscal year (March 2021-March 2022) as the domestic markets are getting back on track and the negative impacts of the coronavirus pandemic begin to wane, according to the World Bank’s Macro Poverty Outlook (MPO) report for spring 2021.
Iran Petchems Revenues Hit $110b in 7 Years
Iran’s revenues in petrochemicals in the past seven years have surpassed $110b,adding that customers of Iran’s petrochemical products have continued to buy even in the sanctions era.
National Economy Has Been Politicized
Minister of Finance and Economic Affairs Farhad Dejpasand says national economy is grappling with politicization and the only cure for it is the interaction and professional performance with calmness.
Gov’t Predicts Oil Sales of Up to 2.3m bpd Next year
Mohammad Baqer Nobakht says Iran is fully ready to export 4.6m bpd of crude oil in case the sanctions are lifted by the U.S. but in the budget bill, it is predicted the country to sell between 1 to 2.3m bpd next year.
Iran Exports to Syria Hit $73m in 7 Months
the latest statistics released by Iran Customs Administration show that Iran’s exports to Syria have been around $73m in the first seven months of the current year
Iran GDP Could Expand 4.4% If Sanctions Lifted
Iran’s economy could expand by as much as 4.4% in 2021 if U.S. President-elect Joe Biden lifts sanctions that have contributed
Eurozone Preliminary GDP
Eurozone Preliminary GDP arrives at 12.6% QoQ in Q3 vs. +12.7% expected
Not With Biden But We’ll Strike Deal With Xi Jinping
China Government is busy with investment in the West Asian region and it has so far allocated budget worth $160b in its strategic plan of “One Belt One Road (OBOR)”.
High Consumption to Make Iran Gas Importer in 20 Years
The managing director of Iranian Fuel Conservation Company (IFCO) says with the current trend of gas consumption in the country, Iran may become a gas importer in 20 years and it may import 500m cubic meters of gas per day.
U.S. More Hapless Than Ever
After the U.S. suffered an international failure and backlash and its proposed resolution on Iran arms embargo at the UNSC unanimously rejected and only a pint-size country, Dominican Republic, supported it, the U.S. is striving to save its face.