Iran's energy sector review

The International Monetary Fund (IMF) predicted the economic growth of Iran at zero for 2011. The IMF estimated Iran’s economic growth at 1 percent in 2008, 0.1 percent in 2009, and 1 percent in 2010. In its 2010 report, the IMF reported that Iran’s GDP growth was at 1.1 percent in 2009 and forecasted the figure to reach 1.6 percent. Iran refused to publicize the official economic development data from 2009. Claiming about a continues rapid economic development in the country, the Iranian president stressed that 1.6 million jobs were opened over the last year and 2.5 million in this year. The Iranian officials link the high index and increase in the price of shares in the exchange observed over the past year, particularly the fact that the index reached its record in the past ten days, with a normal and constant situation in the country. Roughly 375,000 million shares were sold at the Tehran Exchange on Monday. Based on the official data, the share price hit $135 million, which lea

Iranian labor minister Ali Reza Sheykholeslami said that roughly $100 million were allocated in 2011 within the program of creating the working conditions at home, namely, working and earning money at home instead of working in the office. Iranian President Mahmoud Ahmadinejad announced about creating about 1.600.000 new jobs in the country for the last year (the New Year starts in Iran on March 21). He also promised to create 2.5 million new jobs this year. At present, roughly 75 million people live in Iran. The youth represents the most part of the population. According to the statistics, roughly 900,000 young people are able to work per year, that is, minimum 900,000 new jobs must be created to provide these people with jobs. According to the statistics, the unemployment rate hits 14.5 percent in the country. This statistics includes people working an hour per week, students, housewives and soldiers as those provided with jobs. According