Shafei: oil, gas sector to have 9.4 pc share in 8 pc economic growth in 6th 5-year plan

Shafei: oil, gas sector to have 9.4 pc share in 8 pc economic growth in 6th 5-year plan
Deputy Head of the Management and Planning Organization Gholam-Reza Shafeie said on Saturday that sixth Five-Year Economic Development Plan envisaged eight percent economic growth which included 9.4 perccent growth for oil and gas.

Shafei told the International Seminar to Introduce the New Model of Iran Petroleum Ccontracts that in the past for each 0.81 percent of barrel of oil, one million rials worth goods were produced in fixed prices, but, unfortunately, it has reached 0.91 percent barrel of oil over recent years.
Shafei said for the time being, 9.3 percent of the world oil reserves and 18.2 percent gas reserves are in Iran and the sector is the driving force for the world markets.


Nov 29, 2015 10:40

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.