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2026-09-02 15:51
Iran accelerates joint oil, gas fields development in 2 years
TEHRAN- According to IRNA, Iran holds approximately 158 billion barrels of proven crude oil reserves—ranking third or fourth in the world—and over 32 trillion cubic meters of natural gas reserves, placing it second globally after Russia, making it one of the world's primary energy hubs. This hydrocarbon wealth is largely concentrated in the Zagros sedimentary basin in the southern and southwestern onshore areas and the Persian Gulf basin.
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2026-02-02 16:04
Nearly 3,300 agriculture projects to be inaugurated during Ten-Day Dawn
TEHRAN – Iran will inaugurate 3,294 agriculture projects across multiple subsectors during the Ten-Day Dawn anniversary period, a senior official at the Agriculture Ministry said.
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2026-02-02 15:22
Free zones launch, break ground on 221 projects during Ten-Day Dawn
TEHRAN – Secretary of Iranian Free Zones High Council said 221 development and investment projects worth a combined 690 trillion rials (about $1.38 billion) were inaugurated or launched across the country’s free zones during the Ten-Day Dawn, marking victory of the Islamic Revolution.
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2025-09-15 15:35
Facilities allocated to development projects rise 3.7 times year-on-year in 5 months
TEHRAN – Iran’s Planning and Budget Organization (PBO) said development spending allocations in the first five months of the current Iranian year (March 21-August 22) reached 19.07 quadrillion rials ($38.1 billion), compared with 5.17 quadrillion rials ($10.3 billion) in the same period last year, marking a 3.7-fold increase.