Iran Press/ Iran News: Speaking with the Minister of Petroleum Bijan Zangeneh on Friday by telephone, President Hassan Rouhani referred to the listing of public companies' shares in the stock market with the aim of strengthening the country's stock market, and stressed the need for more presence and activation of oil and petrochemical companies in the stock market.
During the telephone conversation, the President followed up on the progress of oil projects, stating: "The Ministry of Petroleum should work harder in the difficult conditions of the country due to unfair sanctions, with more efforts to accelerate the operation of its projects to be a pioneer in realizing the slogan of "Production Leap".
Rouhani also discussed the latest developments in the global oil market and future developments in the market.
In this telephone conversation, Bijan Zangeneh also presented a complete report on the progress of oil projects to the President, explaining the situation of the global oil market and predicting future developments in this market.
While the coronavirus outbreak has fanned new fears of a worldwide recession, sending stock markets spiraling down to new record lows not seen since the financial crisis, Tehran Stock Exchange (TSE) has been showing growth with an increase of investments.
Main Index Daily Trend, tse.ir February 2020 report
Monthly Trading ValueTrend, tse.ir February 2020 report
International Monetary Fund (IMF) has predicted a 1.5% improvement in Iran’s economic growth for 2020 compared to 2019, amid the outbreak of coronavirus, while it said 'worst recession since Great Depression' is likely to happen in the world.
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