Wednesday, Oct 18th

Last updateWed, 18 Oct 2017 11am

Iran's Gas Exports: Potentials and Challenges

oil
PayvandNews -
 Although Iran ranks first in the world in terms of natural gas reserves - according to the BP Statistical Review of World Energy, the country holds around 18 percent of total proven natural gas reserves globally-, when it comes to exports, it has a long way to the top of the list of gas exporting countries.


The country is currently recovering only a small share of its gigantic gas reserves, something about 280 billion cubic meters per year, from which even a much smaller portion is exported to the neighboring countries. 

The situation raises the question of what Iran, as the country with world's largest gas reserves, should do to gain its deserved share in world's gas markets, and what approach the National

Read more: Iran's Gas Exports: Potentials and Challenges

Iran's GDP Growth at 3.8 Percent in 2018: IMF

Iran map
PayvadNews -
 The International Monetary Fund (IMF) in its latest World Economic Outlook titled "Seeking Sustainable Growth: Short-Term Recovery, Long-Term Challenges" predicted a 3.8 percent real GDP growth for Iran in 2018, rising from 3.5 percent in 2017.



People not seeing results of the 3% growth
cartoon by Mehdi Azizi, Ghanoon daily

"In 2018, growth is expected to increase to 3.8 percent, mostly reflecting stronger domestic demand in oil importers and a rebound of oil

Read more: Iran's GDP Growth at 3.8 Percent in 2018: IMF

Iran's inflation rate stands at 9.9%: Central Bank

money
PayvandNews -
 The Central Bank of Iran (CBI) announced that the inflation rate for the 12-month period ended on the last day of the sixth Iranian calendar month of Shahrivar (September 22) compared to the same period in the previous year hit 9.9 percent, Tasnim news agency reported on Wednesday.



cartoon by Javad Takjou, Etemad daily

It is while the Statistical Center of Iran had previously put the inflation rate for the 12-month period at eight percent.

The center has put

Read more: Iran's inflation rate stands at 9.9%: Central Bank

Iran Worried As Unemployment Reaches 60% In Some Cities

Iran
PayvandNews -
 The Islamic Republic's Interior Minister has expressed concern about unemployment; especially in those cities where he says about 60% of the workforce is unemployed.   In an interview with Iran Students News Agency, ISNA, the minister noted, "Social harms are more acute in areas where the unemployment rate is high".



Read related report (in Persian) by Ghanoon daily

In the interview he says that in spite of Iran's 12% national unemployment rate, the

Read more: Iran Worried As Unemployment Reaches 60% In Some Cities

Iran’s oil minister has big plans for likely last term

oil
Al-monitor -
 Bijan Namdar Zanganeh, the most experienced minister in the Islamic Republic of Iran, has yet again been entrusted with one of the most challenging portfolios in the Hassan Rouhani administration: the Ministry of Petroleum (MoP). Experts agree that in the past four years, Zanganeh and his team have managed to rehabilitate the petroleum sector after the damaging years under former President Mahmoud Ahmadinejad’s (2005-2013) trial and error mentality and external

Read more: Iran’s oil minister has big plans for likely last term