Economy of Iran

Iran to sign new IPC gas deal with Total for South Pars on July 3: Official

Iran plans to sign a new contract to develop its giant South Pars gas field with France's Total and China's CNPC on July 3, the first major Western energy investment since sanctions against Tehran were lifted, an Iranian oil ministry official told Reuters on July 2.

Iran opens new South Pars gas field phases worth $20 bln

Iran's President Hassan Rouhani inaugurated five new phases of the South Pars gas field on april 16, the result of some $20 billion in investment, local media reported.

The ribbon-cutting of phases 17-21 pave the way for Iran to surpass the production levels of neighboring Qatar, which shares half the offshore gas field, Iranian officials said.

Iran's Rouhani defends economic record ahead of election

Iran's President Hassan Rouhani defended his economic record in a press conference on April 10 but stopped short of formally announcing his candidacy for next month's presidential election.

Rouhani rejected criticism from conservatives over his economic performance, saying he had overseen measurable improvements in agriculture, health care, energy and internet coverage.