News in Brief
Iran FINEX 2024 kicks off in Tehran
The 16th International Financial Industries (Exchange, Bank & Insurance) Exhibition entitled “IRAN FINEX 2024” was inaugurated in Tehran on Friday.
The four-day exhibition is attended by Iran’s minister of economic affairs and finance (MEAF), vice president for the science, technology and knowledge-based economy, chairman of the Parliament Economic Commission and foreign guests, as reported by Tasnim News Agency.
The Iran FINEX Exhibition has been one of the major and most visited economic events in the Middle East region in recent years, and plays an important role in improving the level of knowledge of participants by presenting tutorial workshops, seminars and specialized meetings.
Showcasing the latest achievements and capabilities of the country in the field of the financial industry, familiarizing Iranian companies and organizations with the world’s latest technologies, attracting domestic and foreign investment, developing an interactional culture through direct communication and winning public trust, training to create and develop financial communications channels between banks and investment organizations, improving the quality of banking, insurance and stock exchange activities and development of employment through the development of industries and services have been cited as the main objectives of holding the exhibition.
Iran FINEX Exhibition is the largest and most prestigious event in the fields of finance, investment and financial technologies in the country. The exhibition provides great chances for businesses, manufacturers, suppliers, commercial media, and other people in related sectors to display their products, services, technologies, and business ideas.
New drilling to raise South Pars gas output
Gas production in Iran’s giant South Pars gas field is planned to increase by 36 million cubic meters (mcm) by drilling 35 new wells in the field, an official with Pars Oil and Gas Company (POGC) which is in charge of developing the field said.
Director of South Pars gas field drilling projects Hamidreza Shafiei Makvand said the wells will be drilled to increase the recovery factor of the field, Iranian Oil Ministry’s press service Shana reported. Emphasizing that the South Pars gas field is the largest joint gas field in the world, Makvand added, “All oil and gas fields in the world face pressure drop and output reduction after several years of production and operation.”