Iran will invest $160 billion in its petroleum sector to reach record output figures by 2029.

Iran’s South Parts Phase 11 will come on line in winter, years after works stalled there over US sanctions.

Government estimates show Iran’s production of petrochemicals will reach 140 million tons in 2025.

Iran produces an average of 6 million tons of polymers annually. Half of this amount is domestically consumed, while the other half is exported with a value of $3 billion.

Worldsteel figures show Iran’s steel output declined by 20.7% year on year in April to 2.2 million tons.

Iron ore concentrate production in Iran rose 4% to 51.5 mln tons in year to late March.

The state-run NIGC says Iran’s natural gas production will increase by 45 mcm in the year to March.

The Iran Khodro Company reaches a record daily output of 3,616 units.

Official figures show Iran is among the top 15 producers of aluminum in the world.

Transfer of centrifuge production machinery to the Natanz facility in central Iran should be judged as a decisive step towards increasing the safety and security factor of the country’s nuclear facilities.