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 Iran’s Economy Minister and Finance  Ali Tayyebnia stressed that  entrusting of the country’s development projects to the private sector as one of the main policies of the government.
According to the report, Tayyebnia made the remarks in the 59th government and private sector joint meeting.
“This year, the country’s Management and Planning Organization is committed to hand over 1000 development projects to the private sector” he said.
The minister believed that most of the country’s economic problems stem from low private sector activity rate and that merging Export Guarantee Fund with Bank Saderat would be a principled and effective solution to help and provide better services to the private sector.
He urged the private sector to help the government in identifying target countries in terms of economic cooperation and investment potential.
The minister also said, “We must focus on countries that are inclined to finance our projects through direct investment in Iran.”

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 Iranian diplomat said on Monday that Minister of Cooperatives, Labor and Social Welfare Ali Rabiei would pay an official visit to Singapore on May 18.


 Iran's Ambassador to Singapore Javad Ansari said the visit is aimed at fostering all-out mutual relations.

This is the third visit by an Iranian delegation at the ministerial level to Singapore in the past three months, said the ambassador.

Ansari underscored that Rabiei, heading a high-ranking delegation, would travel to Singapore on Wednesday (May 18) for a three-day visit which is to take place upon an official invitation by his Singaporean counterpart S. Iswaran.

While in Singapore, Rabiei is scheduled to hold talks with several high-ranking Singaporean ministers as well as the country's state and private sectors officials on reinforcing mutual cooperation.

The diplomat further added a memorandum of understanding (MoU) is to be inked, during the Iranian minister's visit, for promoting bilateral trade and petrochemical cooperation between the two countries.

'Following the removal of sanctions against Iran, the Singaporean government announced there is no limitation for expansion of trade cooperation with Iran,' he said.

Anti-Iran sanctions were lifted on January 16 following the implementation of the Joint Comprehensive Plan of Action (JCPOA) which was made between Iran and the world six major powers on July 14, 2015.

Touching upon the two countries relations in oil, gas and petrochemical sectors, the Iranian diplomat said Iran and Singapore share a strong will for enhancing mutual cooperation in those fields.

Pointing to high-capacities of Singapore's power plants, Ansari said thanks to removal of the anti-Iran sanctions, Tehran is ready to supply more oil for the Asian country.

Iran-Singapore trade volume was over than 5.5 million dollars in 2011. The figure decreased to 2.1 million dollars in 2012 due the unilateral sanctions of Western countries against Iran.

After removal of the sanctions in the post-JCPOA era, officials of both countries are trying to increase trade volume between the two nations.

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Iranian government spokesman Mohammad Baqer Nobakht said  Iran has attracted over $3 billion of  FDI after Tehran struck a nuclear agreement, also known as JCPOA, with world powers last year.

He called  the Iranian envoys to boost efforts to attract more foreign investors for water, environment and railway transportation projects within the framework of the resistance economy plans, IRNA reported.

Nobakht announced that the country's crude exports have doubled after the implementation of the landmark nuclear deal.

"Iran's oil exports have increased more than two times after the nuclear deal," Nobakht said while addressing a gathering of Iranian ambassadors and envoys to foreign states in Tehran.

The International Energy Agency said Thursday Iran’s oil production has risen faster than expected, reaching levels not seen since before nuclear-related sanctions were tightened in 2011, the Wall Street Journal reported.

Iran ramped production up by 300,000 barrels a day month-on-month in April, hitting 3.56 million barrels a day, according to the IEA’s closely watched monthly oil-market report. The output is now at levels not seen since international nuclear-related sanctions were extended.

Iranian exports increased at greater rate, with preliminary data suggesting a month-on-month rise of 600,000 barrels a day to about two million barrels a day. However, the dramatic increase from 1.4 million barrels a day seen the previous month, may have been helped by loadings that spilled over from March, the Paris-based agency said.

Foreign Minister Mohammad Javad Zarif, who also attended the conference, said the Iranian envoys should focus on the country’s economic development and people’s livelihood in a way that the people would feel the outcome of the nuclear deal.

“We have gathered together here to exchange views on all the new chances and opportunities for making use of the nuclear agreement in the light of the resistance economy,” he added.

Referring to some opposition to Joint Comprehensive Plan of Action (JCPOA) in the US, Zarif said certain opponents to the nuclear deal, who have the record of supporting the Zionist regime, tried to slow down the implementation of the deal by pursuing their close-minded views.

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